- Freight Transport,
- Freight Forwarding,
- Warehousing,
- Value-added Services,
- Other Functions
The freight and logistics market size is valued at USD 13.4 billion in 2022 and is poised to grow at a CAGR of 4.3% from 2023 to 2029. The global market provides a detailed overview of the market, which has been segmented by function, end-user, and distribution trade. By function, the Freight and Logistics market has been segmented into Freight Transport, Freight Forwarding, Warehousing, Value-added Services, and Other Functions. The Warehousing segment is likely the most significant and fastest-growing segment in terms of function. By end user, the Freight and Logistics market has been segmented into Manufacturing and Automotive, Oil and Gas, Mining, Quarrying, Agriculture, Fishing, and Forestry, Construction. The manufacturing and Automotive segment will hold a significant revenue share in 2021. By Distribution Trade, the market has been segmented into Wholesale and Retail Segments – FMCG included. Wholesale accounted considerable revenue share over the forecast period.
Freight And Logistics Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
4.3%
Largest Market
North America
Fastest Growing Market
Asia-Pacific
Freight and Logistics Market Dynamics
Growing trade operations in developing nations, increased trade-related agreements, and global logistics infrastructure, coupled with technology improvements in the logistics industry for fast delivery and supply chain, are driving the international freight and logistics industry.
Asia-Pacific Got Significant Share
Freight and Logistics Market Regional Analysis
The Asia Pacific market is expected to witness the largest market share during the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The freight and logistics market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Freight And Logistics Market Segmentation
By Function Type
By End User
- Manufacturing and Automotive
- Oil and Gas, Mining, and Quarrying
- Agriculture, Fishing, and Forestry
- Construction
- Distributive Trade (Wholesale and Retail Segments FMCG included)
- Other End Users (Telecommunications and Pharmaceuticals)
By Geography
- North America,
- Europe,
- Asia Pacific,
- Latin America, and
- Middle East and Africa
Frequently Asked Questions
The freight and logistics market is projected to expand at a CAGR of 17.9% during the forecast period.
The freight and logistics market are Dsv Global Transports and Logistics (Denmark), Deutsche Post DHL (Germany), Kuehne+ Nagel (Switzerland), The Maersk Group (Germany), DB Schenker Logistics (Germany), Panalpina (Switzerland), Walmart Group (US), United Parcel Service (UPS), FedEx Corp. (US), C.H. Robinson (US), Nippon Express (Japan).
Asia Pacific is the fastest-growing region for freight and logistic market
| 1. Executive Summary |
| 2. Global Freight and Logistics Market Introduction |
| 2.1. Global Freight and Logistics Market - Taxonomy |
| 2.2. Global Freight and Logistics Market -Definitions |
| 2.2.1. Function |
| 2.2.2. End User |
| 3. Global Freight and Logistics Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Freight and Logistics Market Dynamic Factors - Impact Analysis |
| 3.6. Global Freight and Logistics Market - Competition Landscape |
| 4. Global Freight and Logistics Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Freight and Logistics Market, By Function, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Freight Transport |
| 5.1.1. Road |
| 5.1.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.1.3. Market Opportunity Analysis |
| 5.1.2. Inland Water |
| 5.1.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.2.3. Market Opportunity Analysis |
| 5.1.3. Air |
| 5.1.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3.3. Market Opportunity Analysis |
| 5.1.4. Rail |
| 5.1.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.4.3. Market Opportunity Analysis |
| 5.2. Freight Forwarding |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Warehousing |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Value-added Services |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Other Functions |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Freight and Logistics Market, By End User, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1. Manufacturing and Automotive |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Oil and Gas, Mining, and Quarrying |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Agriculture, Fishing, and Forestry |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Construction |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Distributive Trade (Wholesale and Retail Segments - FMCG included) |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Other End Users (Telecommunications and Pharmaceuticals) |
| 6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Freight and Logistics Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Freight and Logistics Market - Opportunity Analysis Index, By Function, End User and Region, 2023 - 2029 |
| 8. North America Freight and Logistics MarketAnalysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. By Function Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Freight Transport |
| 8.1.1.1. Road |
| 8.1.1.2. Inland Water |
| 8.1.1.3. Air |
| 8.1.1.4. Rail |
| 8.1.2. Freight Forwarding |
| 8.1.3. Warehousing |
| 8.1.4. Value-added Services |
| 8.1.5. Other Functions |
| 8.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Manufacturing and Automotive |
| 8.2.2. Oil and Gas, Mining, and Quarrying |
| 8.2.3. Agriculture, Fishing, and Forestry |
| 8.2.4. Construction |
| 8.2.5. Distributive Trade (Wholesale and Retail Segments - FMCG included) |
| 8.2.6. Other End Users (Telecommunications and Pharmaceuticals) |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Freight and Logistics Market - Opportunity Analysis Index, By Function, End User, and Country, 2023 - 2029 |
| 8.5. North America Freight and Logistics Market Dynamics - Trends |
| 9. Europe Freight and Logistics Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. By Function Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Freight Transport |
| 9.1.1.1. Road |
| 9.1.1.2. Inland Water |
| 9.1.1.3. Air |
| 9.1.1.4. Rail |
| 9.1.2. Freight Forwarding |
| 9.1.3. Warehousing |
| 9.1.4. Value-added Services |
| 9.1.5. Other Functions |
| 9.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Manufacturing and Automotive |
| 9.2.2. Oil and Gas, Mining, and Quarrying |
| 9.2.3. Agriculture, Fishing, and Forestry |
| 9.2.4. Construction |
| 9.2.5. Distributive Trade (Wholesale and Retail Segments - FMCG included) |
| 9.2.6. Other End Users (Telecommunications and Pharmaceuticals) |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe Freight and Logistics Market - Opportunity Analysis Index, By Function, End User, and Country, 2023 - 2029 |
| 9.5. Europe Freight and Logistics Market Dynamics - Trends |
| 10. Asia-Pacific Freight and Logistics Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. By Function Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Freight Transport |
| 10.1.1.1. Road |
| 10.1.1.2. Inland Water |
| 10.1.1.3. Air |
| 10.1.1.4. Rail |
| 10.1.2. Freight Forwarding |
| 10.1.3. Warehousing |
| 10.1.4. Value-added Services |
| 10.1.5. Other Functions |
| 10.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Manufacturing and Automotive |
| 10.2.2. Oil and Gas, Mining, and Quarrying |
| 10.2.3. Agriculture, Fishing, and Forestry |
| 10.2.4. Construction |
| 10.2.5. Distributive Trade (Wholesale and Retail Segments - FMCG included) |
| 10.2.6. Other End Users (Telecommunications and Pharmaceuticals) |
| 10.3. Country Analysis2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Freight and Logistics Market - Opportunity Analysis Index, By Function, End User, and Country, 2023 - 2029 |
| 10.5. Asia-Pacific Freight and Logistics Market Dynamics - Trends |
| 11. Latin America Freight and Logistics Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. By Function Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Freight Transport |
| 11.1.1.1. Road |
| 11.1.1.2. Inland Water |
| 11.1.1.3. Air |
| 11.1.1.4. Rail |
| 11.1.2. Freight Forwarding |
| 11.1.3. Warehousing |
| 11.1.4. Value-added Services |
| 11.1.5. Other Functions |
| 11.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Manufacturing and Automotive |
| 11.2.2. Oil and Gas, Mining, and Quarrying |
| 11.2.3. Agriculture, Fishing, and Forestry |
| 11.2.4. Construction |
| 11.2.5. Distributive Trade (Wholesale and Retail Segments - FMCG included) |
| 11.2.6. Other End Users (Telecommunications and Pharmaceuticals) |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Freight and Logistics Market - Opportunity Analysis Index, By Function, End User, and Country, 2023 - 2029 |
| 11.5. Latin America Freight and Logistics Market Dynamics - Trends |
| 12. Middle East and Africa Freight and Logistics Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. By Function Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Freight Transport |
| 12.1.1.1. Road |
| 12.1.1.2. Inland Water |
| 12.1.1.3. Air |
| 12.1.1.4. Rail |
| 12.1.2. Freight Forwarding |
| 12.1.3. Warehousing |
| 12.1.4. Value-added Services |
| 12.1.5. Other Functions |
| 12.2. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Manufacturing and Automotive |
| 12.2.2. Oil and Gas, Mining, and Quarrying |
| 12.2.3. Agriculture, Fishing, and Forestry |
| 12.2.4. Construction |
| 12.2.5. Distributive Trade (Wholesale and Retail Segments - FMCG included) |
| 12.2.6. Other End Users (Telecommunications and Pharmaceuticals) |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Freight and Logistics Market - Opportunity Analysis Index, By Function, End User, and Country, 2023 - 2029 |
| 12.5. MEA Freight and Logistics Market Dynamics - Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Technology & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. C.H. Robinson |
| 13.2.2. Ceva Logistics |
| 13.2.3. DHL |
| 13.2.4. Expeditors |
| 13.2.5. FedEx |
| 13.2.6. Geodis |
| 13.2.7. J.B. Hunt Transport Services |
| 13.2.8. Kuehne + Nagel |
| 13.2.9. Lineage Logistics |
| 13.2.10. Penske Logistics |
| 13.2.11. Ryder Supply Chain Solutions |
| 13.2.12. UPS |
| 13.2.13. XPO Logistics |
| 13.2.14. Toll Holdings Limited |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
- C.H. Robinson
- Ceva Logistics
- DHL
- Expeditors
- FedEx
- Geodis
- J.B. Hunt Transport Services
- Kuehne + Nagel
- Lineage Logistics
- Penske Logistics
- Ryder Supply Chain Solutions
- UPS
- XPO Logistics
- Toll Holdings Limited