Press release
The Future of Freight and Logistics Market: E-commerce and Digitalization of the Supply Chain Industry
Freight and Logistics Market
The global Freight and Logistics Market was valued at USD 16.52 billion in 2023 and is projected to reach USD 24.03 billion by 2030, exhibiting a CAGR of 5.5% during the forecast period (2024-2030). The market encompasses the transportation of goods and commodities via rail, trucks, road cars, large boats, and airplanes, offering services such as contract logistics, warehousing, value-added services, and advanced integrated logistics solutions for global supply chains.
For further details and to request the full report, visit:https://www.maximizemarketresearch.com/market-report/global-freight-and-logistics-market/65801/
Research Methodology
Maximize Market Research utilized both primary and secondary data sources for the comprehensive study of the Freight and Logistics Market. The research included a thorough examination of all influencing factors, validated through primary research and evaluated to provide valuable insights. Market size and forecasts were estimated using a bottom-up approach and multiple data triangulation methodologies.
Market Dynamics
Digitalization and Integration: The logistics industry is witnessing dramatic transformation through supply chain integration and digitization, leading to improved productivity and efficiency. Digital platforms are becoming crucial, allowing smaller businesses to compete with established industry giants.
Cold Chain Logistics: Increased demand for Australian agricultural goods is driving the growth of cold chain logistics, particularly for perishable commodities.
Technological Trends and Automation: Next-generation logistics management technologies are transforming global supply chains, making them more customer-centric and sustainable. Innovations such as integrated transport facilities (ITF) and the Internet of Things (IoT) are enhancing asset tracking and logistics operations.
Market Opportunities
Outsourcing Services: Increased outsourcing of logistics and supply chain management activities to third-party logistics firms (3PLs) presents significant growth opportunities. Advanced technologies provided by 3PLs help businesses forecast, plan, and manage logistics more efficiently.
Technological Advancements: Adoption of Industry 4.0 and other technological innovations are creating new opportunities and transforming the logistics workforce's skill requirements.
Request For Free Sample :https://www.maximizemarketresearch.com/request-sample/65801
Market Drivers
Rise in Trade Agreements and Global Logistics Infrastructure: Increasing trade-related agreements and advancements in global logistics infrastructure are key drivers of market growth.
Technological Advancements: Technological improvements in the logistics sector for rapid delivery and efficient supply chain management are fueling market expansion.
E-commerce Growth: The rise of e-commerce and the digital global market has altered consumer buying behavior, increasing demand for fast, free shipping and competitive pricing, thereby pushing businesses to adapt their logistics models.
Market Restraints
Cargo Theft: A significant issue with serious consequences for supply chains and the global economy, impacting various stakeholders from consumers to insurance companies.
Dependency on 3PL Players: Reliance on third-party logistics firms poses a threat, as changes in pricing or service reliability can lead to substantial unanticipated costs for businesses.
Request For Free Sample :https://www.maximizemarketresearch.com/request-sample/65801
Segment Analysis
Shipping Type: The market is segmented into airways, railways, roadways, and waterways. The waterways segment dominated in 2023 and is expected to grow significantly due to benefits such as higher loading capacity and reduced emissions.
Service: Segments include inventory management, packaging, warehousing, transportation, distribution, and custom clearance. The transportation segment dominated in 2023, with expected growth driven by increasing freight volumes.
End-Use Industry: Includes trade and transportation, healthcare, manufacturing and construction, retail, media and entertainment, banking and financial services, IT & telecommunication. The trade and transportation segment dominated in 2023, with significant growth expected in manufacturing and construction.
by Shipping Type
Airways
Railways
Roadways
Waterways
by Service
Inventory management
Packaging
Warehousing
Transportation
Distribution
Custom clearance
Others
by End-Use Industry
Trade and Transportation
Healthcare
Manufacturing & Construction
Retail
Media and Entertainment
Banking and Financial Services
IT & telecommunication
Others
Major Competitors
1. C.H. Robinson (U.S.)
2. United Parcel Service (U.S.)
3. FedEx Corp. (U.S.)
4. Walmart Group (U.S.)
5. UPS (U.S.)
6. XPO Logistics (U.S.)
7. J.B. Hunt Transport Services (U.S.)
8. Ryder Supply Chain Solutions (U.S.)
9. Expeditors (U.S.)
10. Penske Logistics (U.S.)
11. Lineage Logistics (U.S.)
12. Geodis (U.S.)
13. Worldwide, Inc. (U.S.)
14. Nippon Express (Japan)
15. Dsv Global Transports and Logistics (Denmark)
16. Kuehne+ Nagel (Germany)
17. The Maersk Group (Denmark)
18. Deutsche Post DHL (Germany)
19. DB Schenker Logistics (Germany)
20. Panalpina (Switzerland)
21. Ceva Logistics (France)
22. A.P. Moller-Maersk (Denmark)
Competitive Analysis
The Freight and Logistics Market is highly competitive, characterized by intense competition among major players who focus on product innovation, collaborations, and partnerships. Key players are investing in advanced technologies and expanding their service offerings to strengthen their market position.
Request For Free Sample :https://www.maximizemarketresearch.com/request-sample/65801
Future Outlook
Maximize Market Research predicts continued growth in the Freight and Logistics Market, with high potential in smart home devices, peripheral devices, automotive applications, medical devices, and industrial applications. The detailed report provides comprehensive insights into market dynamics, competitive analysis, and regional trends, serving as an investor's guide to the evolving Freight and Logistics Market.
Related Reports:
Industrial Enzymes Market https://www.maximizemarketresearch.com/market-report/global-industrial-enzymes-market/14690/
Network Monitoring Market https://www.maximizemarketresearch.com/market-report/global-network-monitoring-market/24439/
Unified Threat Management Market https://www.maximizemarketresearch.com/market-report/global-unified-threat-management-market/22700/
Artificial Neural Network Market https://www.maximizemarketresearch.com/market-report/global-artificial-neural-network-market/83873/
Light Engine Market https://www.maximizemarketresearch.com/market-report/global-light-engine-market/55704/
Smart Government Market https://www.maximizemarketresearch.com/market-report/global-smart-government-market/7559/
Continuous Testing Market https://www.maximizemarketresearch.com/market-report/continuous-testing-market/12525/
LED Materials Market https://www.maximizemarketresearch.com/market-report/global-led-materials-market/71598/
Smart Retail Market https://www.maximizemarketresearch.com/market-report/global-smart-retail-market/24096/
Laundry Detergent Market https://www.maximizemarketresearch.com/market-report/global-laundry-detergent-market/20025/
Key Offerings:
A detailed Market Overview
Market Share, Size, and Forecast by Revenue|2024-2030
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation- A detailed analysis of each segment and their segments
Competitive Landscape - Leading key players and other prominent key players.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Future of Freight and Logistics Market: E-commerce and Digitalization of the Supply Chain Industry here
News-ID: 3530485 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Global Magnesium Alloys Market Poised to Grow from US$ 2.21 Billion in 2024 to U …
According to a new report by Maximizer Market Research, the Global Magnesium Alloys Market was valued at USD 2.21 billion in 2024 and is projected to reach USD 5.58 billion by 2032, growing at a CAGR of 12.25%. This growth is underpinned by rising demand from automotive & transportation, electronics, aerospace, defense, and medical industries seeking lightweight, high-performance materials.
For full access to the data, request a sample report now :https://www.maximizemarketresearch.com/request-sample/32753/
♦…
Global Bamboo Furniture Market to Grow from USD 13.75 Billion to USD 23.02 Billi …
According to a new report by Maximize Market Research, the global bamboo furniture market was valued at USD 13.75 billion in 2024 and is projected to reach USD 23.02 billion by 2032, growing at a compound annual growth rate (CAGR) of approximately 6.65%.
For full access to the data, request a sample report now :https://www.maximizemarketresearch.com/request-sample/111043/
♦ Key Highlights
♦ Market size & CAGR: USD 13.75 billion (2024) to USD 23.02 billion (2032) at…
Open-Source Intelligence Market Projected to Reach USD 23,887 Million by 2030
Open-Source Intelligence Market size was valued at USD 6425.89 Million in 2023 and the total Open-Source Intelligence revenue is expected to grow at a CAGR of 20.63 % from 2024 to 2030, reaching nearly USD 23887.37 Million by 2030.
Open-Source Intelligence Market Overview:
The Open-Source Intelligence (OSINT) market is a rapidly expanding sector within the broader security and intelligence landscape. It involves the systematic collection, analysis, and interpretation of publicly available information…
Pension Administration Software Market to Surge from USD 4.89 Bn (2023) to USD 1 …
According to a new report by Maximize Market Research, the global pension administration software market was valued at USD 4.89 billion in 2023 and is projected to grow to USD 10.89 billion by 2030, registering a robust CAGR of 12.1% over the forecast period (2024-2030). This growth is expected worldwide, fueled by increasing digitalization, automation, and demand for predictive analytics in retirement plan management.
For full access to the data, request…
More Releases for Logistics
Cold Chain Market 2021 Precise Outlook- AmeriCold Logistics, Nichirei Logistics …
The Global Cold Chain Market provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. The report covers the post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is…
Food Logistics Market Worth Observing Growth | Trinity Logistics, AmeriCold Logi …
The latest launched report on Global Food Logistics Market delivers a transformation framework to understand how megatrends affect industry growth, taking into account the major disrupting forces creating uncertainties for every organisation in the Food Logistics. Based on these outcomes, HTF MI outline plan for these volatile scenarios considering companies such as Port Jersey Logistics, DB Schenker, Henningsen Cold Storage, R2 Logistics, AN Deringer, ODW Logistics, Matson Logistics, Allen Lund,…
Logistics Market Future Outlook | AmeriCold Logistics, Nichirei Logistics, Linea …
WiseGuyRerports.com Presents “Global Logistics Market Size, Status and Forecast 2020-2026” New Document to its Studies Database
The extensive market study presents a complete analysis of the global Logistics market, including the latest developments, current market conditions, and the growth potentialities during the review period. Accurate statistics with regard to the product, methods as well as the share belonging to the key businesses in the market are also given in the report.…
Cold Chain Logistics Market Size 2020 by Top Key Players | Nichirei Logistics Gr …
Cold Chain Logistics Market report' to its research archive which allows exploring the industry in a 360-degree view while marking major insights and highlights accelerating the Cold Chain Logistics market trends. The data sourced from the report enables formulating business plans and helps decision making to improve profitability. The Cold Chain Logistics market has been witnessing consistent growth over the last few years and is projected to continue growing with…
Healthcare Cold Chain Logistics Market 2020 Business Scenario - AmeriCold Logist …
The Global Healthcare Cold Chain Logistics Market will increase at a compound annual growth rate of 10.09% (approx.) between 2020 and 2026.
The Healthcare Cold Chain Logistics Market report is a collection of pragmatic information, quantitative and qualitative estimation by industry experts, the contribution from industry connoisseurs and industry accomplices across the value chain. Furthermore, the report also provides the qualitative results of diverse market factors on its geographies and segments.…
Third-Party Logistics Market: Leading Players – XPO Logistics , Yusen Logistic …
Third-Party Logistics Market report provides key information about the industry, including invaluable facts and figures, expert opinions, and the latest developments across the globe. The Report also calculate the market size, the report considers the revenue generated from the sales of This Report and technologies by various application segments.
Download Sample PDF copy of this report https://supplydemandmarketresearch.com/home/contact/272389?ref=Sample-and-Brochure&toccode=SDMRSE272389&utm_source=s.
The study objectives of this report are:
To analyze global Third-Party Logistics status, future forecast,…
