Freight and Logistics Market 2022 | Rapid Growth of E-commerce

The global freight and logistics market size is expected to be valued at US$ 15.1 billion in 2022 and grow at a CAGR of 4.3% over the forecast period due to rapid growth of e-commerce across the globe. Logistics and Freight both conjure up imagery associated with the movement and transportation of goods whether by truck, car, rail, ocean liner or any other form of transportation. But for professionals working in the Supply Chain field there can be very unique distinctions in this terminology. Logistics today is emerging as a sought-after sector for employment, due to the role of digitization, the deployment of global best-practices, and rising economic relevance.

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Inventory Management Accounted for Higher Revenue Share in Global Freight and Logistics Market:
Based on service, global freight and logistics market is segmented into inventory management, packaging, warehousing, transportation, distribution, custom clearance and other. Inventory management is accounted for higher revenue. Inventory management is a systematic approach to sourcing, storing, and selling inventory both raw materials (components) and finished goods (products). In business terms, inventory management means the right stock, at the right levels, in the right place, at the right time, and at the right cost as well as price. All these help in the significant development of global market.

North America leads the Global Freight and Logistics Market:
Based on regional analysis, global freight and logistics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America global freight and logistics market contributed the largest share in 2021. The key players include XPO Logistics, the largest provider of last-mile logistics. With artificial intelligence, machine-human interaction, and logistics collaboration, companies are making great efforts, while automation & robotics is a critical field for AI and logistics boosting the global market.

Strategic Acquisitions, Merger, Agreements, Collaborations and Partnerships are the key strategies adopted by market players:
The global freight and logistics market further reveals that the key player's increasingly adopting strategies such as strategic acquisitions, merger, agreements, collaborations and partnerships to enhance market revenue share. For instance, In June 2019, DHL Group have invested nearly USD 137 Mn at cologne-Bonn airport for new logistics. The new 15,000 sq m logistics center featured with cutting edge sorting technology and an innovative system to heat and cool the warehouse and offices.

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The global freight and logistics market is segmented based on product type, service, end user and region.
By Product Type
• Airway
• Railway
• Roadway
• Waterway
• Others

By Service
• Inventory Management
• Packaging
• Warehousing
• Transportation
• Distribution
• Custom Clearance
• Other

By End User
• Energy & Utilities
• Trade and Transportation
• Government and Public Utilities
• Healthcare
• Manufacturing & Construction
• Media and Entertainment
• Banking and Financial Services
• Others

By Geography
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

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Key player's profiles in the global freight and logistics market are: Dsv Global Transports and Logistics (Denmark), Kuehne+ Nagel (Switzerland), The Maersk Group (Germany), Deutsche Post DHL (Germany), DB Schenker Logistics (Germany), C.H. Robinson (US), Panalpina (Switzerland), United Parcel Service (US), FedEx Corp. (US), Walmart Group (US), Nippon Express (Japan)

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