Freight And Logistics Market to Record 6.3% CAGR Growth Through 2029 | Global Analysis Report

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Freight And Logistics Market Outlook: How is the Market Expected to Grow by 2025?
The size of the freight and logistics market has been progressively expanding over the recent years. The market is projected to increase from $17.26 billion in 2024 to $17.96 billion in 2025, reflecting a compound annual growth rate (CAGR) of 4.0%. Factors contributing to the growth during the historic period include advancements in transportation technology, containerization, intermodal transport, regulatory shifts and compliance, development of supply chain management, and the implementation of just-in-time inventory systems.

Freight And Logistics Market Forecast: What Size Will It Reach By 2029?
In the coming years, the size of the freight and logistics market is projected to experience significant expansion. It is predicted to reach $22.97 billion by 2029, with a compound annual growth rate (CAGR) of 6.3%. The progress expected during the forecast period is due to the incorporation of artificial intelligence and machine learning, the increase in autonomous vehicles, shifts toward digital transformation and IoT integration, globalization, and increasing cross-border trade, as well as the implementation of blockchain for the traceability of the supply chain. Within the forecasted period, key trends will include the use of automation and robotics, the analysis of data and the provision of predictive insights, innovations in last-mile delivery, the implementation of sustainable methods and green logistics, and an increase in the demand for quicker delivery options.

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Which Key Market Drivers Will Shape Freight And Logistics Industry Trends in 2025-2029?
The surge in international trade activities is predicted to fuel the expansion of the freight and logistics market in the future. The term global trade activities encompasses the import and export of goods and services across national borders. Freight and logistics services are responsible for the international conveyance of goods via varied means of transportation. The rise in worldwide trade has led to an expanded volume of goods being shipped to various countries through several transit methods. The World Trade Organization (WTO), an international entity that governs and simplifies international trade, forecasts a 3.2% growth in global merchandise trade volume in 2024. Hence, the escalating global trade activities in developing economies are propelling the expansion of the freight and logistics market.

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What Are the High-Growth Segments in the Freight And Logistics Market?
The freight and logistics market covered in this report is segmented -

1) By Type: Airways, Railways, Roadways, Waterways
2) By Function: Freight Forwarding, Warehousing, Value-added Services, Other Functions
3) By End User: Manufacturing And Automotive, Oil And Gas, Mining, And Quarrying, Agriculture, Fishing, And Forestry, Construction, Distributive Trade, Other End Users

Subsegments:
1) By Airways: Air Cargo Services, Express Delivery Services
2) By Railways: Freight Rail Services, Intermodal Rail Services
3) By Roadways: Trucking Services, Last-Mile Delivery Services
4) By Waterways: Shipping And Cargo Services, Inland Waterway Transport

Which Global Trends Are Driving Freight And Logistics Market Expansion?
To gain a competitive advantage in the freight and logistics industry, leading firms are introducing innovative products such as AI-enabled transport systems. A Transportation Management System (TMS), is an end-to-end software package designed to improve and streamline the planning, management, and execution of transport operations within a supply chain. For instance, in June 2023, ShipCars LLC, a software solutions company based in the US, unveiled its AI-driven SmartHaul TMS (Transportation Management System). This revolutionary platform employs artificial intelligence, machine learning, and data-driven insights to enhance efficiency, save time, and increase profits for carriers in the automotive logistics sector. The SmartHaul TMS provides user-friendly tools for load discovery, booking, and processing, improving operations for dispatchers, company owners, and drivers. Carriers can make informed decisions, minimize dead-head miles, and smooth out transportation-management procedures thanks to real-time data and analytics, advanced algorithms, and predictive modeling. The system boasts key features like the Trip Builder for effective route planning, AI Damage Inspection for expedited vehicle checks, and a Mobile Load Board for immediate access to available loads, negotiations, and bookings through a convenient application.

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Who Are the Fastest-Growing Companies in the Freight And Logistics Industry?
Major companies operating in the freight and logistics market include United Parcel Service Inc., DHL International GmbH, Deutsche Post AG, FedEx Logistics Inc., A.P. Moller-Maersk Group, Kuehne + Nagel International AG, DSV Panalpina A/S, C.H. Robinson Worldwide Inc., Bolloré Logistics, Ryder System Inc., Nippon Express Co. Ltd., Expeditors International of Washington Inc., Sinotrans Limited, J.B. Hunt Transport Services Inc., Geodis SA, Werner Enterprises Inc., Kerry Logistics Network Limited, UPS Supply Chain Solutions Inc., GXO Logistics Inc., XPO Logistics Inc., Knight-Swift Transportation Holdings Inc., Kintetsu World Express Inc., Schneider National Inc., Hellmann Worldwide Logistics GmbH & Co. KG, Lineage Logistics Holdings LLC, Americold Realty Trust, Agility Public Warehousing Company K.S.C.P., Ceva Logistics LLC, APL Logistics Ltd., Deutsche Bahn AG

What Is the Regional Outlook for the Freight And Logistics Market by 2029?
Asia-Pacific was the largest region in the freight and logistics market in 2024. North America is expected to be the fastest growing region in the forecast period. The regions covered in the freight and logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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