Freight & Logistics Market Growth Opportunity | FedEx, Nippon Express, and United Parcel Service Inc., among others

The global Freight & Logistics market size is expected to reach $20.27 Billion by 2028 growing at the CAGR of 3.90% from 2021 to 2028.

Growing global trade activities in emerging economies, high demand for trade-related agreements and goods transportation services to streamline supply-chains and manufacture product delivery within the prescriptive time frame, and rapid technological advancements in supply chain management and logistics industry to improve supply chain management and provide agile warehousing solutions are vital to market driving factors for the freight and logistic market.

The global freight and logistic market are highly competitive with the large number of players operating in this segment. The major logistics companies worldwide are focusing on innovative business practices such as providing distinctive customer offerings such as next day delivery, quick response (QR) codes targeting consumer demands, integration of packaged software administration to digitalize inventories electronically linked to cloud-based big data analytics frameworks to meet future demand trends efficiently.

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Key Players

Some of the major Freight & Logistics players holding high market share include FedEx, Nippon Express, and United Parcel Service Inc.. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

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

The recently published research report on Global Freight & Logistics Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Freight & 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.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Freight & Logistics market report also includes the following data points:
● COVID19 Impact on Freight & 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 & Logistics market

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Segmental Analysis

Market Segment By Shipping Type with focus on market share, consumption trend, and growth rate of Freight & Logistics Market:
o Airways
o Railways
o Roadways
o Waterways

Market Segment By Service Type with focus on market share, consumption trend, and growth rate of Freight & Logistics Market:
o Inventory Management
o Packaging
o Warehousing
o Transportation
o Custom clearance

Market Segment By End User with a focus on market share, consumption trend, and growth rate of Freight & Logistics Market:
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

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Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

The global transportation logistics market has been segmented on the basis of geography into North America, Europe, Asia-Pacific, and MENA Region. In terms of revenue, North America led the market owing to the presence of several leading players based in the United States and Canada, which offer a sophisticated transportation infrastructure that delivers goods faster compared to European countries. The logistics industry is expected to grow rapidly on account of increasing interregional trade between countries due to the growing demand for consumer products.

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