Dublin–(Business Wire)–New “Forwarding and Logistics Global Market Report 2022” report ResearchAndMarkets.com’s supply.
The global freight and logistics market is expected to grow from USD 14.56 billion in 2021 to USD 15.71 billion in 2022, at a compound annual growth rate (CAGR) of 7.9%. The market is expected to grow at a compound annual growth rate (CAGR) of 4.4% to $18.69 billion by 2026.
The main types of freight and logistics include air, rail, road and water. Air freight refers to the transportation and management of goods by air carriers. Different functions include freight forwarding, warehousing, value-added services, etc. It is used in manufacturing and automotive, oil and gas, mining and quarrying, agriculture, fishing and forestry, construction, distribution trade and other end users.
Asia Pacific is the largest region for the freight and logistics market in 2021. North America is expected to be the fastest growing region during the forecast period. The regions covered in the Freight Forwarding and Logistics Market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Increase in global trade activities is expected to drive the growth of the freight and logistics market. Global trade activity refers to the import and export of goods and services across borders. Freight and logistics services are used to move goods internationally by different modes of transportation. Increase in global trade activities has resulted in an increase in the volume of goods being transported to different countries via different modes of transport.
For example, the United Nations Conference on Trade and Development, a Switzerland-based United Nations organization, said in 2021, exports from developing countries rose by 30% in the fourth quarter of 2021, and global trade reached a record level. By 2021, it will reach $28.5 trillion. . In addition, China contributed the highest export value, accounting for 15% of the world’s total exports. Hence, increasing global trade activities in emerging economies is driving the growth of the freight and logistics market.
Technological advancement is a major trend growing in popularity in the freight and logistics market. The major companies operating in the market are focusing on technological advancements to maintain their position in the market. For example, in 2020, Germany-based freight and logistics company Deutsche Post dhl (DPDHL) launched the dhl SmarTrucking solution to accelerate the development of logistics solutions based on artificial intelligence technology. By using AI technology, shipped items and goods can be tracked to their exact location. This technology helps reduce transit times by nearly 50% compared to the traditional trucking industry.
In June 2021, US-based logistics provider Worldwide Express LLC merged with GlobalTranz Enterprises for an undisclosed amount. Through this merger, the combined companies offer package delivery services, including less-than-truckload and full-truckload shipments, and manage shipments through the use of business intelligence, data assets and the latest technologies. The merger will help achieve a better market position and help Worldwide Express serve more customers. GlobalTranz Enterprises is a full-service logistics provider based in the United States.
Countries covered in the Freight Forwarding and Logistics Market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, United States.
The key players in the freight and logistics market are
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XPO Logistics
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United Parcel Service (UPS)
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dhl Express
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JB Hunter Transport Services
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CH Robinson
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DSV A/S
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fedex
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Nippon Express
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CEVA Logistics
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DB Schenker
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Maersk
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Deutsche Post AG
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Lineage Logistics
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Ryder
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Jodas
Key topics covered:
1.executive Summary
Second, the characteristics of the freight logistics market
3. Freight and logistics market trends and strategies
4. Impact of COVID-19 on Freight and Logistics
5. Freight and Logistics Market Size and Growth
5.1. Global Freight Forwarding and Logistics Historical Market, 2016-2021, Billion USD
5.1.1. Market drivers
5.1.2. Market restrictions
5.2. Global Freight and Logistics Forecast Market, 2021-2026F, 2031F, USD Billion
5.2.1. Market drivers
5.2.2. Market restrictions
6. Freight and Logistics Market Segmentation
6.1. Global Freight Forwarding and Logistics Market, Segmentation by Type, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
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airline
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railway
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roadway
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channel
6.2. Global Freight Forwarding and Logistics Market, Segmented by Function, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
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shipping agent
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storage
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Value-added services
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Other functions
6.3. Global Freight Forwarding and Logistics Market, Segmentation by End User, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
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Manufacturing and Automotive
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Oil & Gas, Mining & Quarrying
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Agriculture, Fisheries and Forestry
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put up
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Distribution industry
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other end users
7. Regional and Country Analysis of Freight and Logistics Market
7.1. Global Freight Forwarding and Logistics Market, By Region, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
7.2. Global Freight Forwarding and Logistics Market, By Country, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
For more information on this report, please visit https://www.researchandmarkets.com/r/nyci10
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