Press release
Global Freight Transport Market: Soaring E-commerce Industry and Technological Advancements Drive Robust Growth
Freight Transport Market Size
What Is The Projected Market Size Of The Global Freight Transport Market And Its Growth Rate?
• The freight transport market size was $34.82 billion in 2024 and is expected to grow to $38.96 billion in 2025, showcasing a CAGR of 11.9%.
• The quickened growth pace in the historic period can be accredited to globalization, international trade growth, and infrastructure development projects.
• The predicted market size by 2029 is $61.62 billion, with a projected CAGR of 12.1%, driven by a shift towards sustainable transport, advancements in autonomous vehicles, and increased investment in transport infrastructure.
What Is Driving The Growth In The Freight Transport Market?
The exponential growth of the e-commerce industry advances the freight transport market. Freight transport-a crucial component of inland transportation-facilitates the movement of goods. As e-commerce expands, the demand for logistics and freight transport services has correspondingly amplified. For instance, U.S. retail e-commerce sales reached $291.6 billion in the second quarter of 2024, potentiating a 6.7% rise from the same period in 2023, thereby driving the freight transport market.
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Who Are the Key Players Driving Freight Transport Market Growth?
• CEVA Logistics
• CJ Logistics Corporation
• Nippon Express Holdings
• Kerry Logistics Network Limited
• Kuehne + Nagel International AG
• DSV Panalpina A/S
• Deutsche Post DHL
• FedEx Corporation
• United Parcel Service of America Inc
• Schneider National Inc.
What Are The Key Trends In The Freight Transport Market?
• Integration of IoT in logistics
• Adoption of blockchain in supply chains
• Embracing digital technologies
• Data-driven decision-making
• Real-time tracking and visibility
• Collaborative alliances and partnerships
What Are The Segments Of The Global Freight Transport Market?
• By Offering: Solution, Services
• By Mode Of Transport: Railways, Roadways, Seaways, Airways
• By Vertical: Retail And E-commerce, Automotive, Aerospace, Pharmaceuticals, Energy, Other Verticals
Which Region Leads The Freight Transport Market?
North America, being the largest region in the freight transport market in 2024, asserts its strong market presence. Nonetheless, Asia-Pacific aspires to upstage by becoming the fastest-growing region in the imminent future.
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What Is Covered In The Freight Transport Market Global Market Report?
- Market Size Analysis: Analyze the Freight Transport Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Freight Transport Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Freight Transport Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Freight Transport Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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