Press release
Freight And Logistics Market Business Opportunities and Future Scope till 2025 | XPO Logistics, UPS, DHL, J.B. Hunt Transport Services
The Freight And Logistics Market research report 2021 provides a basic overview of the industry including definitions, classifications, applications, and industry chain structure. The Freight And Logistics market report provides information regarding market size, share, trends, growth, cost structure, Freight And Logistics market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2025.The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. This report also includes the overall and comprehensive study of the Freight And Logistics market with all its aspects influencing the growth of the market. This report is an exhaustive quantitative analysis of the Freight And Logistics industry and provides data for making strategies to increase market growth and effectiveness.
The Freight and Logistics Market are estimated to grow at a CAGR of approximately 5% during the forecast period 2021 to 2025.
Competitive Landscape: XPO Logistics, UPS, DHL, J.B. Hunt Transport Services, C.H. Robinson, Ryder Supply Chain Solutions, Expeditors, Penske Logistics, Lineage Logistics, FedEx, Kuehne + Nagel, Geodis, Ceva Logistics, and others.
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Key Market Trends
Asia Pacific Holds the Largest Share in the Market
Leading countries in the region are observing faster technological integration in the logistics process. In India, 80% of freight moves by road, and the trucking industry is adopting industry-leading tracking technology to help trace and predict the exact delivery times. Thailand is incorporating IBM and Maersks blockchain project to streamline its shipment monitoring processes.
Increasing intra-Asian trade, along with a growing increase in imports not only for manufacturing inputs but also consumer products, characterizes Asian logistics. Chinas Belt and Road Initiative has led to huge investment in transport infrastructure across the region as it seeks to integrate with Asian and European markets, as well as exert political muscle on the regional stage.
Most of the cargo is destined for the US and Europe via the main East-West trade lanes. However, the trend of the last few years has been the rise to prominence of intra-Asia trade. Although countries such as China, Japan, and South Korea boast huge, modern container ports, other Asia Pacific nations are spending billions on upgrades to keep up with the demand for containerised goods.
E-Commerce is Driving the Logistics Industry
The rise of e-commerce and the digital marketplace phenomenon has changed the composition of consumer buying behavior and expectations, as consumers now expect fast, free shipping, and competitive pricing. This demanding delivery schedule challenges traditional logistics and supply chain models, and companies are now forced to adjust their strategies to provide the low-cost and on-demand delivery service that consumers now demand. E-commerce represents a growing share of the retail market, This exponential growth and demand will undoubtedly impact the logistics and transportation industry as companies will need to be prepared to manage increased volume and delivery expectations.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Market insights reports provide global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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