Freight and Logistics Market to Witness Robust Expansion Throughout the Forecast Period 2022 - 2028 | A.P. Moller - Maersk, C.H. Robinson, CEVA Logistics, DB Schenker, Deutsche Post AG

Freight and logistics involves transportation of goods and commodities by railroad cars, trucks, large ships and airplanes. Today, almost every region is involved in import and export of goods, and these trade activities are growing on a large scale across the globe. Freight and logistics looks after packaging, inventory management, warehousing, transportation, distribution and other related activities. Freight and logistics market is expected to grow at a significant rate during the forecast period all over the world.

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Companies Profiled in this report includes:  A.P. Moller - Maersk, C.H. Robinson, CEVA Logistics, DB Schenker, Deutsche Post AG, DSV Panalpina A/S,  GEODIS, Kuehne + Nagel International AG, Nippon Express Co., Ltd., United Parcel Service (UPS)

MARKET SEGMENTATION

Based on type, the global freight and logistics market is segmented into airways, railways, roadways and waterways.

On the basis of function, the market is segmented into inventory management, packaging, warehousing, transportation, distribution and others.

Based on end-user, the market is bifurcated into energy and utilities, retail, manufacturing and construction, healthcare, trade and transportation, IT and telecom and others.

MARKET DYNAMICS

Drivers:

Growing population gives rise to the demand for goods and commodities.

Rising urbanization and increasing per capita disposable income to boost market growth of freight and logistics.

Increasing trade activities and trade agreements among various countries

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IMPACT OF COVID-19 ON FREIGHT AND LOGISTICS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. This pandemic hampered trade activities all over the world. Buying capacity of the consumer reduced considerably due to job loss and salary cuts. Also, delivery of non-essentials was not permitted in some regions. These all had a negative impact on the growth of the freight and logistics market.

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