Freight Transport Management Market - Growth, Trends, and Forecast (2019 - 2024)

The freight transport management market is segmented by Solution (Freight Mobility Solution, Freight Operation Management Solution, Freight 3PL Solutions), Deployment (Cloud, On-premise), Mode of Transport (Rail, Air, Road, Waterborne), End User (Aerospace and Defense, Automotive, Oil and Gas, Consumer and Retail, Energy and Power), and Geography.

Market Snapshot

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Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

9.8%

Key Players:

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Market Overview

The freight transport management market is expected to register a CAGR of 9.8 % during the forecast period (2019 - 2024). Intermodal transportation is an emerging trend in the market which uses more than one mode of transportation. Due to globalization, companies are trading at the international level which requires safer, more flexible, and high capacity transportation options.

  • Improved operational efficiency in the movement of freight is a critical aspect of any country’s economy. The demand for goods and services is increasing, with the increase in population and globalization. To overcome various environmental concerns and security aspects of their operations, many shipping companies are opting for freight transport management solutions.
  • Technological advancements have led to innovative ways of conceptualizing the process along with the development of new efficiencies. In the rising sectors, the emergence of information networks with quick contacts and transaction times along with more reliable shipments is projected to drive the freight transport market growth.
  • A challenge for the freight transport market growth is the high complexity and inefficiency of shipping and delivering goods and controlling cost. Furthermore, the risk associated with cross border transportation is projected to restrain the growth of the freight transport market.

Scope of the Report

Freight transport management is the physical process of transporting commodities and merchandise goods and cargo by land, sea, or air. With mobility solution which is making rapid inroads into the logistics industry, the traditional landscape of the manual processes is getting replaced with automation impacting the standardized processes and workflows. Moreover, proper sharing and integration of data will substitute for full-scale control in the market.

 

By Solution
Freight Transportation Cost Management
Freight Security and Monitoring System
Freight Mobility Solution
Warehouse Management System
Freight 3PL Solutions
Other Solutions
By Deployment
Cloud
On-premise
By Mode of Transport
Rail Freight
Road Freight
Waterborne Freight
Air Freight
By End User
Aerospace and Defense
Automotive
Oil and Gas
Consumer and Retail
Energy and Power
Other End Users
Geography
North America
Europe
Asia-Pacific
South America
Middle East & Africa

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Key Market Trends

Rail Freight to Account for a Significant Demand for Freight Management Solutions

  • The rail freight transportation has had advantages over other modes in the areas of environmental performance, land use, energy consumption, and safety. Therefore, with the increased preference, the rail logistics environment has got complex and difficult to navigate, and companies need both rail cargo industry experience and information technology systems to manage them.
  • This has resulted in the advent of a wide range of rail freight transportation management solutions, specifically designed for small freight trains, intermodal lines, and private factory rails that are challenged by the increasing operational complexity and a growing need to automate and/or streamline processes. The companies, such as DXC Technology and Goal Systems are inclining their product portfolio according to these needs.
  • Moreover, the higher demand for rail freight transports will be the primary growth enabler for the market, specifically in the OECD countries. Owing to this, the rail freight transport management solutions are expected to witness a considerable growth over the forecast period.
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North America is Expected to Hold a Major Share in Market

  • The United States is estimated to make a major contribution in the region. The share is attributed to the rise in the retail sector due to many firms moving toward the online channel. With an advancement of technology in IT and cloud computing sector, the United States is continuously growing in the freight transport business.
  • With globalization, owing to the growing digitalization and increasing adoption of Internet of Things (IoT) by various industries, the North American freight transport management solution market picked up momentum, especially in the United States. The road freight transportation market in North America is one of the matured markets in the world.
  • Almost 70% of the freight movement (in tonnage) in the United States is done by trucks and is expected to increase by 45% by 2040, requiring additional highways, railroads, ports, and pipelines and improvements to multi-modal connections that move freight efficiently, according to the US Department of Transportation.
  • With an advancement of technology in the IT and cloud computing sector, the United States is continuously growing in the freight transport business.
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Competitive Landscape

The freight transport management is highly fragmented due to various competitors and local players involved in it. They are also readily moving toward the information communication sector in the cloud computing segment. Intermodal freight transport operators who have increasingly adopted business practices in horizontal and vertical business integration due to the reduction of operational costs and increase profit margins have increased the rivalry in the market.

Key players in the market are JDA Software, Accenture PLC, DSV A/S, Manhattan Associates, Ceva Logistics, etc.

  • April 2019 - According to the National Infrastructure Commission, the government of the United Kingdom is planning to ban sales of diesel HGVs by 2040 at the latest as part of a plan to make the road and rail freight industry carbon-free by 2050. Over the next 30 years, heavy freight transport in the United Kingdom will increase by at least 27% and could rise by as much as 45%.
  • April 2019 – The Mastery Logistics Systems platform will bring centralized and automated appointment making and management. It will create a new automated tracking system based on very low-cost trackers attached to the freight and reported directly to shippers, and introduce widespread blockchain-based bills to accompany shipments and eliminate paperwork processing and invoice settlement.

 

Major Players

  1. Accenture PLC
  2. JDA Software
  3. Manhattan Associates
  4. CTSI - Global
  5. DSV A/S

* Complete list of players covered available in the table of contents below

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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 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Rising Freight Transportation due to Increasing International Trade

      2. 4.3.2 Inclination of Growth toward Information Technology

    4. 4.4 Market Restraints

      1. 4.4.1 High Capital Investment due to Implementation of New Technologies

      2. 4.4.2 Risk and Congestion Associated with Trade Routes

    5. 4.5 Value Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Solution

      1. 5.1.1 Freight Transportation Cost Management

      2. 5.1.2 Freight Security and Monitoring System

      3. 5.1.3 Freight Mobility Solution

      4. 5.1.4 Warehouse Management System

      5. 5.1.5 Freight 3PL Solutions

      6. 5.1.6 Other Solutions

    2. 5.2 By Deployment

      1. 5.2.1 Cloud

      2. 5.2.2 On-premise

    3. 5.3 By Mode of Transport

      1. 5.3.1 Rail Freight

      2. 5.3.2 Road Freight

      3. 5.3.3 Waterborne Freight

      4. 5.3.4 Air Freight

    4. 5.4 By End User

      1. 5.4.1 Aerospace and Defense

      2. 5.4.2 Automotive

      3. 5.4.3 Oil and Gas

      4. 5.4.4 Consumer and Retail

      5. 5.4.5 Energy and Power

      6. 5.4.6 Other End Users

    5. 5.5 Geography

      1. 5.5.1 North America

      2. 5.5.2 Europe

      3. 5.5.3 Asia-Pacific

      4. 5.5.4 South America

      5. 5.5.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 JDA Software

      2. 6.1.2 Manhattan Associates

      3. 6.1.3 CTSI - Global

      4. 6.1.4 Accenture PLC

      5. 6.1.5 Descartes Systems Group Inc.

      6. 6.1.6 DSV A/S

      7. 6.1.7 HighJump

      8. 6.1.8 CEVA Logistics

      9. 6.1.9 DB Schenker

      10. 6.1.10 Geodis

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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