Global Freight and Logistics Market Size study & Forecast, by End User (Agriculture, Fishing And Forestry, Construction, Manufacturing, Oil And Gas, Mining And Quarrying, Wholesale And Retail Trade, Others) by Function (Courier, Express And Parcel, Freigh

Global Freight and Logistics Market Size study & Forecast, by End User (Agriculture, Fishing And Forestry, Construction, Manufacturing, Oil And Gas, Mining And Quarrying, Wholesale And Retail Trade, Others) by Function (Courier, Express And Parcel, Freight Forwarding, Freight Forwarding, Warehousing And Storage, Other Services), and Regional Analysis, 2023-2030

Global Freight and Logistics Market is valued at approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.79% over the forecast period 2023-2030. The Freight And Logistics Market refers to the industry involved in the planning, management, and transportation of goods and materials from one location to another, encompassing a wide range of services such as freight forwarding, warehousing, transportation, customs clearance, and supply chain management. It plays a crucial role in facilitating the efficient and timely movement of goods across domestic and international borders, supporting various industries and trade activities while ensuring the smooth flow of goods throughout the supply chain. The Freight and Logistics Market is being driven by factors such as the rising e-commerce industry and increasing international trade.

The exponential growth of e-commerce has revolutionized the Freight And Logistics Market, necessitating efficient and dependable transportation and last-mile delivery services to meet the demands of online shoppers. According to Statista's data on global parcel, shipping volume experienced a significant increase from 131.2 billion parcels in 2020 to 159 billion parcels in 2021, and it is projected to further rise to 256 billion parcels by 2027. Thus, the rising volume of shipping and parcels fuels the demand for Freight And Logistics Market. Furthermore, the surge in international trade activities is playing a vital role for the market demand across the globe. According to United Nations Conference on Trade and Development, in year 2021 the value of global trade reached a record level of USD 28.5 trillion which shows an increase of 25 percent from year 2020 and 13% higher as compared to year 2019, thus rising international trade is further resulting in market growth. In addition to increasing Investments in transportation infrastructure and increasing demand for cold chain logistics growth create lucrative opportunities for the market. However, the rising fuel costs hinders market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Freight and Logistics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the region's economic growth and rapid industrialization have resulted in increased trade volumes and the need for efficient transportation and logistics services. Asia Pacific is also considered as a fastest growing region over the forecast period due to the region's large population and rising middle class contributing to domestic consumption, further boosting the demand for logistics services. Additionally, Asia Pacific's extensive transportation infrastructure development, including ports, airports, and road networks, supports the efficient movement of goods, making it an attractive market for freight and logistics providers.

Major market player included in this report are:
A.P. Moller – Maersk A/s
C.H Robinson, Inc.
DB Schenker AG
Deutsche Post DHL Group
DP World PLC
FedEx Corporation
Kerry Logistics Network Limited
Kuehne + Nagel International AG
TIBA Group
United Parcel Service Inc.

Recent Developments in the Market:
 In May 2023, Etihad Rail and DHL have formed a strategic partnership, culminating in the establishment of a new joint venture. This collaborative effort empowers DHL to tap into the expansive Etihad Rail network, enabling the optimization of its operations within the United Arab Emirates (UAE). Rail transportation will play a pivotal role in DHL's logistics framework for the efficient distribution of goods throughout the country.
 In May 2023, J&T Express entered into a Share Transfer Agreement with Shenzhen Fengwang Holdings Co., Ltd., a subsidiary of SF Express. Under this agreement, J&T Express' subsidiary, J&T Express (Shenzhen) Supply Chain Co., Ltd., has acquired a 100% shareholding of Shenzhen Fengwang Information Technology Co., Ltd., a wholly-owned subsidiary of Fengwang Holdings..

Global Freight and Logistics Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – End User, Function, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By End User:
Agriculture, Fishing And Forestry
Construction
Manufacturing
Oil And Gas, Mining And Quarrying
Wholesale And Retail Trade
Others

By Function:
Courier, Express And Parcel
Freight Forwarding
Freight Forwarding
Warehousing And Storage
Other Services

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
A.P. Moller – Maersk A/s
C.H Robinson, Inc.
DB Schenker AG
Deutsche Post DHL Group
DP World PLC
FedEx Corporation
Kerry Logistics Network Limited
Kuehne + Nagel International AG
TIBA Group
United Parcel Service Inc.

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