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Rising growth of the e-commerce Industry: along with surge in the international trade activities drives the frieght and logistics market growth during the forecast period. The e-commerce sector mostly depends on frieght and logistics to manage the goods deliveries to the end customers.

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The increased demand for online shopping across the globe, along with the surge in internet penetration across the globe, is a major driving factor for the frieght and logistics market growth during the forecast period. The e-commerce industry sales in the US reached around US$ 1.119 trillion in 2023, increased by 7.6% compared to US$ 1.03 trillion in 2022. Meanwhile, retail e-commerce sales reached US$ 5.088 trillion in 2023, increased by 3.8% compared with US$ 4.904 trillion in 2022.

This rapid growth in the e-commerce industry, owing to the growing number of e-commerce consumers across the globe, drives the frieght and logistics market growth during the forecast period. With the continuous expansion of the e-commerce sector, the demand for last-mile delivery logistic services also increased. The major sectors that drive the logistic services market growth include retail, pharmaceuticals, food & beverages. Moreover, fast-moving consumer goods sector products are also majorly contributing to the growth of the frieght and logistics market growth during the forecast period.

key company profiles

A.P. Moller
Maersk
C.H. Robinson
CEVA Logistics
DB Schenker
Deutsche Post AG
DSV Panalpina A/S
GEODIS
Kuehne + Nagel International AG

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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