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Leading Growth Driver in the Managed Transportation Services Market in 2025: Growth Of Manufacturing Units Driving The Managed Transportation Services Market Driver's Influence
Managed Transportation Services Market Size
The growing manufacturing sector is expected to drive the growth of the managed transportation services market. Increased automation, global trade agreements, and better infrastructure are supporting manufacturing growth. Managed transportation services enhance manufacturing by optimizing logistics, improving efficiency, and reducing costs. In February 2023, Statistics Canada reported a 17.9% increase in sales in the manufacturing business, reaching $850.9 billion in 2022. Therefore, the expanding manufacturing sector is boosting the managed transportation services market.
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What is the future CAGR of the managed transportation services market, and how will it impact industry expansion?
The managed transportation services market will expand from $13.03 billion in 2024 to $15.48 billion in 2025 at a CAGR of 18.8%, fueled by e-commerce growth, rising transportation costs, and network optimization demands.
The managed transportation services market is expected to expand rapidly, reaching $30.45 billion by 2029 with a CAGR of 18.4%. Growth is fueled by rising demand for real-time freight tracking, efficient route planning, scalable transport solutions, digital transformation investments, and enhanced customer service. Key trends include AI and machine learning adoption, real-time tracking, omnichannel logistics, and blockchain integration.
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What are the most significant trends transforming the managed transportation services market today?
Major companies in the managed transportation services market are leveraging innovative technologies like visual AI to optimize logistics operations. Visual AI systems process and analyze images and videos to automate tasks and provide insights. For example, in January 2024, RXO Inc., a US-based transportation solutions provider, launched AI-powered truck check-in technology. This system automates check-ins at warehouses and distribution centers, significantly reducing wait times and improving operational efficiency.
Which key market segments comprise the managed transportation services market and drive its revenue growth?
The managed transportation services market covered in this report is segmented -
1) By Service Type: Planning And Optimization, Execution And Operations, Freight Audit And Payment, Reporting And Analytics, Consulting Services
2) By Application: Roadways, Railways, Waterways, Airways
3) By End Use Industry: Manufacturing, Retail, Healthcare And Pharmaceuticals, Food And Beverages, Automotive, E-Commerce, Other End Use Industries
1) By Planning and Optimization: Route Planning Or Load Optimization or Network Design and Optimization
2) By Execution and Operations: Freight Forwarding or Shipment Tracking Or Transportation Execution
3) By Freight Audit and Payment: Invoice Verification Or Payment Processing Or Freight Cost Auditing
4) By Reporting and Analytics: Performance Reporting or Data Analytics for Freight Movement or Real-Time Monitoring and Reporting
5) By Consulting Services: Supply Chain Optimization or Transportation Strategy Consulting or Regulatory Compliance Consulting
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What regions are at the forefront of managed transportation services market expansion?
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.
Who are the leading players fueling growth in the managed transportation services market?
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
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What Is Covered In The Managed Transportation Services Global Market Report?
•Market Size Forecast: Examine the managed transportation services market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the managed transportation services market for a structured understanding.
•Key Players Overview: Analyze major players in the managed transportation services market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the managed transportation services market.
•Segment Contributions: Evaluate how different segments drive overall growth in the managed transportation services market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the managed transportation services market.
•Industry Challenges: Identify potential risks and obstacles affecting the managed transportation services market.
•Competitive Landscape: Review strategic developments in the managed transportation services market, including expansions, agreements, and new product launches.
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