Freight and Logistics Market - Growth, Trends, and Forecasts (2020 - 2025)

The Freight and Logistics Market is segmented by Function (Freight Transport, Freight Forwarding, Warehousing, and Value-added Services and Others) and End User (Manufacturing and Automotive, Oil and Gas, Mining, and Quarrying, Agriculture, Fishing, and Forestry, Construction, Distributive Trade, Healthcare and Pharmaceutical, and Other End Users) and Geography

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

North America

Largest Market:

Asia Pacific

CAGR:

5 %

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Market Overview

The Freight and Logistics Market are estimated to grow at a CAGR of approximately 5% during the forecast period.

Amidst a slowdown in global economic growth, in part caused by trade tensions between the US and China, the logistics industry remains buoyant. Asia pacific logistics industry growing rapidly due to the increasing logistics in the ASEAN countries and the presence of major economies like China and India. Additionally, the high government support for the logistics sector in the region is also a factor boosting the industry growth.

The slowdown in world trade is expected to hit the air the cargo market's volume growth and yield performance, as freight capacity growth is expected to outstrip demand due to weakened consumer confidence. Rail freight is expected to gain traction, supported by infrastructure development and regional rail network expansion with the increased deployment of transfer hubs powering inter-modal transportation.

World trade has been very volatile over the past decade, with underlying development being driven – until very recently – by strong growth of export and import traffic from China and related economies.

The outsourcing of logistics has been one of the defining trends of the global logistics industry. The logistics provider’s importance has risen considerably with the ongoing trend towards outsourcing non-core competences

Logistics industry majors across the value chain are expected to prioritize operational efficiencies, with investments in technology adoption. Freight forwarders that offer innovative online solution offerings in freight matching, custom brokerage, and transportation management solutions are expected to transform the segment with enhanced customer experience. The warehousing industry is expected to transform significantly with process automation due to the emergence of cross-border eCommerce and increasing demand for integrated supply chain solutions.

Rapid growth in the eCommerce market would intensify competition among eCommerce logistics solution providers. Innovation in order fulfillment, delivery models, and value-added services is expected to reshape the last-mile delivery segment.

Manufacturers and retailers have increased both the level of global sourcing and the scope of the markets that they supply. Many logistics companies have chosen to globalise their operations in line with the changing requirements of their clients.

Scope of the report

A complete background analysis of the global freight and logistics market, which includes an assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, and emerging trends in the market segments, market dynamics, and logistics spending by the end-user industries and the impact of COVID – 19 on the market are covered in the report.

By Function
Freight Transport
Road
Inland Water
Air
Rail
Freight Forwarding
Warehousing
Value-added Services and Other Functions
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)
Geography
North America
US
Canada
Mexico
Europe
Germany
UK
France
Russia
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Vietnam
Indonesia
Philippines
Rest of Asia Pacific
South America
Argentina
Brazil
Columbia
Chile
Rest of South America
Middle East and Africa
UAE
Saudi Arabia
Qatar
Nigeria
Rest of Middle East and Africa

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Key Market Trends

Asia Pacific holds the largest share in the market:

Leading countries in the region are observing faster technological integration in the logistics process. In India, 80% of freight moves by road, and the trucking industry is adopting industry-leading tracking technology to help trace and predict the exact delivery times. Thailand is incorporating IBM and Maersk’s blockchain project to streamline its shipment monitoring processes.

Increasing intra-Asian trade, along with a growing increase in imports not only for manufacturing inputs but also consumer products, characterizes Asian logistics. China’s Belt and Road Initiative has led to huge investment in transport infrastructure across the region as it seeks to integrate with Asian and European markets, as well as exert political muscle on the regional stage.

Most of the cargo is destined for the US and Europe via the main East-West trade lanes. However, the trend of the last few years has been the rise to prominence of intra-Asia trade. Although countries such as China, Japan, and South Korea boast huge, modern container ports, other Asia Pacific nations are spending billions on upgrades to keep up with the demand for containerised goods.

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E-Commerce is driving the logistics Industry:

The rise of e-commerce and the digital marketplace phenomenon has changed the composition of consumer buying behavior and expectations, as consumers now expect fast, free shipping, and competitive pricing. This demanding delivery schedule challenges traditional logistics and supply chain models, and companies are now forced to adjust their strategies to provide the low-cost and on-demand delivery service that consumers now demand. E-commerce represents a growing share of the retail market, This exponential growth and demand will undoubtedly impact the logistics and transportation industry as companies will need to be prepared to manage increased volume and delivery expectations.

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Competitive Landscape

The Freight and Logistics market is Consolidated due to the top 5 companies hold more than 50% market share in the industry. The market is expected to grow further during the forecast period as there is an increase in the E-commerce sector and growing infrastructure across the Asia Pacific region and other emerging countries would push the demand for the logistics and freight sector.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Porters Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Impact of COVID - 19 on the market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Function

      1. 5.1.1 Freight Transport

        1. 5.1.1.1 Road

        2. 5.1.1.2 Inland Water

        3. 5.1.1.3 Air

        4. 5.1.1.4 Rail

      2. 5.1.2 Freight Forwarding

      3. 5.1.3 Warehousing

      4. 5.1.4 Value-added Services and Other Functions

    2. 5.2 By End User

      1. 5.2.1 Manufacturing and Automotive

      2. 5.2.2 Oil and Gas, Mining, and Quarrying

      3. 5.2.3 Agriculture, Fishing, and Forestry

      4. 5.2.4 Construction

      5. 5.2.5 Distributive Trade (Wholesale and Retail Segments - FMCG included)

      6. 5.2.6 Other End Users (Telecommunications and Pharmaceuticals)

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 US

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 UK

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Vietnam

        5. 5.3.3.5 Indonesia

        6. 5.3.3.6 Philippines

        7. 5.3.3.7 Rest of Asia Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Argentina

        2. 5.3.4.2 Brazil

        3. 5.3.4.3 Columbia

        4. 5.3.4.4 Chile

        5. 5.3.4.5 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 UAE

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Qatar

        4. 5.3.5.4 Nigeria

        5. 5.3.5.5 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Overview (Market Concentration and Major Players)

    2. 6.2 Company Profiles

      1. 6.2.1 XPO Logistics

      2. 6.2.2 UPS

      3. 6.2.3 DHL

      4. 6.2.4 J.B. Hunt Transport Services

      5. 6.2.5 C.H. Robinson

      6. 6.2.6 Ryder Supply Chain Solutions

      7. 6.2.7 Expeditors

      8. 6.2.8 Penske Logistics

      9. 6.2.9 Lineage Logistics

      10. 6.2.10 FedEx

      11. 6.2.11 Kuehne + Nagel

      12. 6.2.12 Geodis

      13. 6.2.13 Ceva Logistics*

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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