Press release
Growth Of Manufacturing Units Driving The Managed Transportation Services Market: Major Factor in the Transformation of the Managed Transportation Services Market in 2025
Managed Transportation Services Market Insights
In the last few years, the market size for managed transportation services has experienced significant growth. It is projected that in 2024 it will be worth $13.03 billion, and by 2025, its value will increase to $15.48 billion, at a compound annual growth rate (CAGR) of 18.8%. The notable increment during the historic phase is owed to factors like burgeoning e-commerce trends, escalating fuel prices, an upsurge in transportation management expenses, a growing need for adaptable transportation alternatives, and the proliferation in optimising the transportation network._x000D_
_x000D_
In the forthcoming years, the managed transportation services market is set to experience a swift expansion, with its value projected to reach $30.45 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 18.4%. Factors stimulating growth during the forecast period comprise the escalating need for real-time freight visibility, an increase in the need for efficient route planning tools, expanding demand for scalable transportation solutions, significant investment in digitalization initiatives, and the increased focus on superior customer service. Key trends for this forecast era encompass technological innovation, the integration of artificial intelligence and machine learning, real-time monitoring, omnichannel logistics, and blockchain technology incorporation._x000D_
_x000D_
What Is Stimulating Growth in the Managed Transportation Services Market?_x000D_
The upward trajectory of the manufacturing sector is anticipated to fuel the expansion of the managed transportation services market. The said sector includes businesses and industries that manufacture goods by converting raw materials, components, or parts into finished goods leveraging machinery, tools, and workforce. The sector's growth can be attributed to the integration of automated systems and robotics, international trade agreements, improved global relations, and the enhancement of transportation infrastructure. Managed transportation services augment manufacturing by delivering expertise, cutting-edge technology, and strategic solutions to further refine transportation and logistics procedures. The benefits include cuts in costs, increase in efficiency, enhanced transparency, and superior risk management, collectively leading to higher success and competitiveness for manufacturing firms. For example, as reported by Statistics Canada in February 2023, a government agency based in Canada, a staggering 17.9% increase was observed in Canada's manufacturing sales, amounting to $850.9 billion in 2022. Hence, the expanding manufacturing sector is serving as a key driver of the managed transportation services market's growth._x000D_
_x000D_
Get Your Free Sample Now - Explore Exclusive Market Insights:_x000D_
https://www.thebusinessresearchcompany.com/sample.aspx?id=18665&type=smp_x000D_
_x000D_
Who Are the Major Industry Players Fueling Managed Transportation Services Market Expansion?_x000D_
Major companies operating in the managed transportation services market are UPS Supply Chain Solutions, FedEx Supply Chain, Oracle Corporation, Kuehne + Nagel International AG, SAP SE, C.H. Robinson Worldwide Inc., Expeditors International of Washington Inc., J.B. Hunt Transport Services Inc., GEODIS, Ryder Systems Inc., Schneider National Inc., GlobalTranz, XPO Logistics Inc., Penske Logistics, Livingston International, Descartes Systems Group, Uber Freight LLC, MIQ Logistics, Aptean, Practical Law, Endicia, CLX Logistics LLC, Amber Road Inc., BluJay Solution, DHL Supply Chain, Supply Chain Brain_x000D_
_x000D_
Which Key Developments Are Influencing the Managed Transportation Services Market?_x000D_
Major firms in the managed transportation services market are concentrating on pioneering new technologies, such as visual AI technology to enhance logistic operations. Visual AI technology includes artificial intelligence systems that interpret and evaluate visual data from pictures or videos, to unearth insights or autonomously perform tasks. For example, in January 2024, RXO Inc., an American company providing transportation solutions, introduced AI-driven truck check-in technology designed for warehouses and distribution centers. This technology utilizes sophisticated artificial intelligence to automatize and expedite the truck check-in process, drastically minimizing wait periods and boosting operation efficiency. It offers features like live vehicle recognition, automated scheduling, and dynamic dock assignment to manage the movement of incoming and outgoing shipments effectively. This system is compatible with existing warehouse management software, allowing for easy data transfer and real-time updates about truck status._x000D_
_x000D_
How Is the Segmentation of the Managed Transportation Services Market Defined?_x000D_
The managed transportation services market covered in this report is segmented -_x000D_
_x000D_
1) By Service Type: Planning And Optimization, Execution And Operations, Freight Audit And Payment, Reporting And Analytics, Consulting Services_x000D_
2) By Application: Roadways, Railways, Waterways, Airways_x000D_
3) By End Use Industry: Manufacturing, Retail, Healthcare And Pharmaceuticals, Food And Beverages, Automotive, E-Commerce, Other End Use Industries_x000D_
_x000D_
1) By Planning and Optimization: Route Planning Or Load Optimization or Network Design and Optimization_x000D_
2) By Execution and Operations: Freight Forwarding or Shipment Tracking Or Transportation Execution_x000D_
3) By Freight Audit and Payment: Invoice Verification Or Payment Processing Or Freight Cost Auditing_x000D_
4) By Reporting and Analytics: Performance Reporting or Data Analytics for Freight Movement or Real-Time Monitoring and Reporting_x000D_
5) By Consulting Services: Supply Chain Optimization or Transportation Strategy Consulting or Regulatory Compliance Consulting_x000D_
_x000D_
Pre-Book Your Report Now For A Swift Delivery:_x000D_
https://www.thebusinessresearchcompany.com/report/managed-transportation-services-global-market-report_x000D_
_x000D_
What Is the Leading Region in the Managed Transportation Services Market?_x000D_
Asia-Pacific was the largest region in the managed transportation services market in 2023. The regions covered in the managed transportation services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
_x000D_
What Is Covered In The Managed Transportation Services Global Market Report?_x000D_
_x000D_
- Market Size Analysis: Analyze the Managed Transportation Services Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Managed Transportation Services Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Managed Transportation Services Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Managed Transportation Services Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
_x000D_
Unlock Exclusive Market Insights - Purchase Your Research Report Now!_x000D_
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18665_x000D_
_x000D_
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Growth Of Manufacturing Units Driving The Managed Transportation Services Market: Major Factor in the Transformation of the Managed Transportation Services Market in 2025 here
News-ID: 3864965 • Views: …
More Releases from The Business Research Company
Leading Companies Reinforce Their Presence in the Blanket Market
The blanket market is steadily gaining traction as consumers increasingly seek comfort and style in their home essentials. With evolving preferences and technological advancements, this sector is set to experience consistent growth. Let's explore the current market value, key players, emerging trends, and the main segments fueling this expansion.
Forecasted Blanket Market Size and Growth Trajectory
The blanket market has seen consistent growth over recent years. From a market size…
Global Trends Review: The Rapid Evolution of the Sporting and Athletic Goods Mar …
The sporting and athletic goods market is experiencing steady growth, driven by evolving consumer preferences and technological advancements. As health and wellness continue to gain importance globally, this market is set for notable expansion in the coming years. Let's explore the current market size, key factors fueling its growth, leading companies, major trends, and segmentation details.
Forecast for Sporting and Athletic Goods Market Size Through 2029
The sporting and athletic…
Train Seat Market Overview, Key Growth Factors, and Insights on Top Players
The train seat industry is experiencing notable growth, driven by advancements in technology and increasing demand for improved passenger comfort. As rail travel evolves, so does the need for innovative, efficient, and adaptable seating solutions that cater to modern requirements. Let's explore the current market status, key players, trends, and segments shaping the future of train seating.
Train Seat Market Size and Growth Expectations
The train seat market has seen…
Leading Companies Solidifying Their Presence in the Spunbond Nonwovens Market
The spunbond nonwovens industry has been experiencing notable growth and shows promising prospects for the coming years. This expanding market is being driven by several innovations and increasing demand across diverse sectors, signaling a robust future.
Projected Growth and Market Size of the Spunbond Nonwovens Market
The spunbond nonwovens market has demonstrated solid expansion recently, with its size expected to rise from $15.57 billion in 2024 to $16.59 billion in…
More Releases for Services
Managed Services by Ensure Services
Ensure Services is a leading managed services provider offering comprehensive IT support and solutions designed to streamline operations, improve efficiency, and reduce operational costs for businesses of all sizes. Our managed services are tailored to meet the unique needs of your organization, ensuring you can focus on your core business while we handle your IT infrastructure.
With years of experience and a team of certified professionals, we deliver proactive monitoring, ongoing…
Electrical Services Market Next Big Thing | Major Giants SSI Electrical Services …
A new business intelligence report released by AMA with title "Electrical Services Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Electrical Services Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and…
North & South America Commercial Services Market 2022 (Employment Services, Offi …
The Business Research Company’s Commercial Services Global Market Report 2019 covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. Ratios of market size and growth to related markets, GDP proportions, and expenditure per capita for the market is detailed in the report. Data and analysis throughout the…
AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & …
Kunal Repair & Services is growing on-demand home services platform in India and we are currently operating in Gurgaon. We offer an array of services which include AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & Repair, R.O Services & Repair, Microwave Services & Repair, Geyser Services & Repair. Our operating philosophy for solving this massive problem is - Right price.
To know why we do what we…
Electrical Services Market Technology and Outlook 2023 Top Companies are Allianc …
A report added to the rich database of Qurate Business Intelligence, titled “Global Electrical Services Market Size, Status and Forecast 2023”, provides a 360-degree overview of the worldwide market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the data reliable in context…
Electrical Services Market Size 2018: Alliance Electrical Services, Housejoy, Te …
In 2017, the global Electrical Services market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.
This report focuses on the global Electrical Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electrical Services development in United States, Europe and China.
Get Sample Copy of this report @ http://www.orbisresearch.com/contacts/request-sample/2311492…
