Freight and Logistics Market: Global Industry Size to Witness Significant Growth by 2028

Evolve business intelligence, today has published a new market research report on “Freight and Logistics Market with COVID-19 impact, global and segmental analysis”. According to the report, The global freight and logistics market size was valued at $XX Million in 2020 and is expected to reach $XX Million by 2028 growing at the CAGR of XX% from 2021 to 2028.
Some of the major growth factors of the freight and logistics Market include:
• Expanding e-commerce industry
• Increasing number of reverse logistics operations
• Increasing number of trade deals

For more information on the report:https://evolvebi.com/product/freight-and-logistics-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the freight and logistics market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the freight and logistics market report also include the following data points:
• COVID19 Impact on freight and logistics market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in freight and logistics market

Analyst View
According to Lekha, Principal Analyst, Evolve Business Intelligence, “The transportation and logistics sector provides one of the most vital functions, and it has been adversely impacted by the pandemic; several countries around the world had closed their borders and restricted transportation and travel to contain the coronavirus (COVID-19) outbreak, causing international trade and transportation to be hampered. The logistic and transportation industry's supply chains are hindered, though in different ways in the air, freight, and sea industries. The outbreak of the coronavirus created a state of meta-uncertainty.”

Competitive Scenario
Some of the major freight and logistics players holding high market share include FedEx, Nippon Express, CH Robinson Inc., and XPO Logistics. These players use partnership and expansion as a key strategy to gain significant market share to compete with market leaders.

Segmental Analysis
The report aims to provide a holistic market overview based on Shipping type, Service type, and End-Users
• Shipping Type
o Airways
o Railways
o Roadways
o Waterways
• Service Type
o Inventory Management
o Packaging
o Warehousing
o Transportation
o Custom clearance
• End-Users
o Energy and Utilities
o Trade and Transportation
o Government and Public Utilities
o Healthcare
o Manufacturing and Construction
o Retail
o Banking
o Financial Service
o Telecommunication and Information technology

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the freight and logistics market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:
• FedEx
• Nippon Express
• United Parcel Service Inc.
• Deutsche Post AG (DHL GROUP)
• XPO Logistics
• Goedis
• CH Robinson Inc.
• DB Schenker
• DSV
• A.P. Moller-Maersk

To request a free sample report, click on the “Request Sample PDF” button on https://evolvebi.com/product/freight-and-logistics-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trade maps, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives
• To define, describe, and forecast the freight and logistics market, in terms of value, segmented based on indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the freight and logistics market
• To provide an overview of the value chain analysis pertaining to the freight and logistics industry
• To strategically analyze each segment and subsegment concerning individual overall growth trends and their contribution to the overall freight and logistics market
• To analyze opportunities in the market by identifying high-growth segments of the freight and logistics market
• To profile key players in the freight and logistics market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global freight and logistics market

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This release was published on openPR.