Market Overview
| Study Period | 2017 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 27.14 Billion |
| Market Size (2030) | USD 35.90 Billion |
| Growth Rate (2025 - 2030) | 5.76% CAGR |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Saudi Arabia Freight And Logistics Market Analysis by Mordor Intelligence
The Saudi Arabia freight and logistics market size is estimated at USD 27.14 billion in 2025, and is expected to reach USD 35.90 billion by 2030, at a CAGR of 5.76% during the forecast period (2025-2030). Vision 2030’s infrastructure drive, anchored by USD 133.3 billion of approved airport, rail, and port outlays, underpins steady capacity additions and service upgrades, while bonded-zone e-commerce hubs accelerate cross-border fulfillment efficiency. Cabotage relaxation broadens domestic route access for foreign carriers, tilting competition toward digitally enabled, multimodal offerings. Cold-chain investments rise in tandem with pharmaceutical import growth and expanding tourist-driven fresh-produce demand. Geography remains a structural advantage: Saudi Arabia sits at the midpoint of Asia-Europe-Africa corridors, and upcoming land-bridge rail links promise faster door-to-door transit than traditional Red Sea–Suez routings.
Key Report Takeaways
- By logistics function, freight transport captured 59.29% of the Saudi Arabia freight and logistics market share in 2024; Courier, Express, and Parcel (CEP) services are advancing at a 6.62% CAGR between 2025-2030.
- By freight transport mode, road freight held 42.01% revenue share in 2024, while air freight is projected to expand at 6.99% CAGR between 2025-2030.
- By end user industry, wholesale and retail trade commanded 39.85% share of the Saudi Arabia freight and logistics market size in 2024; manufacturing is forecast to grow the fastest at 6.62% CAGR between 2025-2030.
- By freight forwarding, sea and inland waterways freight forwarding accounted for 65.28% revenue share in 2024, whereas air freight forwarding is set to post a 6.26% CAGR between 2025-2030.
- By CEP type, Domestic CEP deliveries represented 65.67% of segment revenue in 2024, but international CEP traffic is on track for a 6.87% CAGR between 2025-2030.
- By warehousing and storage, non-temperature-controlled warehouses dominated with 78.00% share in 2024; temperature-controlled capacity is forecast to climb at 6.65% CAGR between 2025-2030 as cold-chain demand accelerates.
Saudi Arabia Freight And Logistics Market Trends and Insights
Drivers Impact Analysis
| Driver | ( ~ )% Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Gradual removal of cabotage-like restrictions for foreign carriers | +1.2% | Major gateways (Jeddah, Dammam, Jubail) | Medium term (2-4 years) |
| Rapid scale-up of bonded-zone E-commerce fulfilment centers | +0.9% | Riyadh, Jeddah, Eastern Province | Short term (≤ 2 years) |
| Railway land-bridge integration with GCC and Africa | +0.7% | Eastern and Northern corridors | Long term (≥ 4 years) |
| Vision-2030-linked PPP pipeline for dry ports and ICDs | +0.8% | National logistics zones | Medium term (2-4 years) |
| Growing cold-chain demand from fresh-produce imports | +0.6% | Major consumption centers | Short term (≤ 2 years) |
| Saudi EXIM's export-credit programs for SME shippers | +0.4% | Manufacturing clusters | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
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Gradual Removal of Cabotage-like Restrictions for Foreign Carriers
Regulatory liberalization now permits international operators to serve domestic line-haul lanes once reserved for Saudi-flag fleets, lifting competitive intensity and introducing global service standards. DSV’s 29-facility network already handles 6% of Saudi import volumes, illustrating how foreign entrants leverage scale, digital visibility, and diversified mode control to win contracts over incumbents. The change coincides with Red Sea diversion traffic that rewards agile operators able to reroute via Gulf gateways. Centralized investment licensing has shortened market-entry timelines, while ISO 9001 accreditation sustains service-quality thresholds. As more foreign trucks backhaul export loads, empty-run ratios decline, easing nationwide freight-rate pressure and boosting overall supply-chain fluidity[1]“Saudi Arabia – Market Opportunities,” U.S. International Trade Administration, trade.gov.
Rapid Scale-up of Bonded-Zone E-commerce Fulfillment Centers
The Special Integrated Logistics Zone at King Khalid International Airport—spanning 32 million ft² offers duty-deferred storage and automated clearance, slashing average e-parcel customs release times below two hours. Similar bonded nodes near King Salman International Airport create a China-KSA gateway channeling 20.9% of Saudi inbound trade. Retailers gain inventory optionality, positioning best-selling SKUs closer to end customers without incurring upfront duty cost. The national LOGISTI single-window streamlines documentation, and value-added tax is applied only on fulfilled quantities, improving working-capital cycles for small merchants. Rapid throughput supports next-day delivery even in secondary cities, broadening e-commerce addressable demand[2]“Saudi Arabia: 2024 Article IV Consultation,” International Monetary Fund, imf.org.
Railway Land-Bridge Integration with GCC and Africa
Saudi Arabia’s 1,018 km of operational rail will expand through the USD 100 billion Gulf Railway, synching Dammam port and Ras Al Khair with UAE, Oman, and ultimately African networks. The corridor bypasses Suez congestion, trimming transit times on Mumbai-Europe lanes by up to eight days. New wagon fleets designed for palletized FMCG cargo diversify beyond bulk minerals, while harmonized Gulf standards ensure cross-border interoperability. For shippers, the land-bridge promises lower volatility in freight rates relative to ocean spot markets and advances Saudi goals to cut national logistics costs to 6% of GDP by 2030[3]“2.3 Saudi Arabia Road Network,” UN WFP Logistics Cluster, logcluster.org.
Vision 2030-linked PPP Pipeline for Dry Ports and ICDs
Fifty-nine inland logistics centers covering 100 million m² anchor the Master Plan that encourages private investment via 30-year concessions, tax holidays, and utility rebates. Riyadh Dry Port alone processes 950,000 TEUs annually with on-site bonded storage, slicing gateway dwell time and freeing quayside capacity for additional vessel calls. PPP frameworks allocate build-operate-transfer risk judiciously, ensuring service continuity while tapping international engineering and operating know-how. Environmental screening under ISO 14001 guides sustainable construction, including solar rooftops that now feed 12 MW into warehouse micro-grids. Smaller ICDs in Al-Qassim and Hail decentralize clearance, supporting economic-city development strategies.
Restraints Impact Analysis
| Restraint | ( ~ )% Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Driver shortage from Saudization and working-hour caps | -1.1% | Eastern Province, Riyadh | Short term (≤ 2 years) |
| High first-/last-mile costs in low-density cities | -0.8% | Peripheral regions | Medium term (2-4 years) |
| Port dwell-time variability amid customs digitalization | -0.6% | Jeddah, Dammam, Jubail | Short term (≤ 2 years) |
| Limited rail wagon availability for FMCG freight | -0.4% | Eastern rail corridors | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Driver Shortage from Saudization and Working-Hour Caps
The workforce gap is estimated at 663,000 logistics professionals by 2030, and heavy-truck driver roles remain hard to fill despite average pay of SAR 39,996 (USD 10,665). Mandatory Saudization targets and capped shift hours constrain scheduling flexibility, raising fleet idle time and inflating line-haul rates by 7%. Visa curbs limit foreign recruitment, and training-program throughput lags demand. Fleet telematics and route-optimization tools lower required driving hours per trip, yet many consignments still need manual load checks and customer sign-offs, preserving reliance on skilled labor[4]“Saudi Arabia Imports and Exports Database,” TrendEconomy, trendeconomy.com.
High First/Last-Mile Costs in Low-Density Cities
E-commerce delivery per-package cost outside the Riyadh-Jeddah-Dammam triangle runs 15-20% above GCC averages, powered by longer routes and sparse drop density. Electric-van adoption slows where charging networks are thin, and legacy diesel fleets bear higher fuel spend. Shared-network consolidation promises relief, but competitive rivalry limits data-sharing willingness. Emerging micro-fulfillment centers co-located at postal hubs reduce urban kilometers, yet their rollout remains piecemeal.
Segment Analysis
By End User Industry: Manufacturing Momentum Complements Retail Scale
Wholesale and retail trade remained the largest revenue contributor with 39.85% share of 2024 activity, anchored by steady consumer-goods inflows and resilient auto and electronics demand. Manufacturing, however, records the quickest upturn at 6.62% CAGR between 2025-2030 as petrochemical, automotive, and electronics plants scale under Vision 2030 localization mandates. Automotive assembly clusters in King Abdullah Economic City and Jeddah require synchronized inbound parts flow and time-definite export logistics, raising demand for JIT-ready warehouses and quality-certified freight forwarding.
Diversification beyond oil drives logistics intensity in downstream chemicals and light manufacturing, with export-oriented SMEs leveraging EXIM guarantees to penetrate African markets. Construction activity linked to NEOM and Qiddiya injects oversized and heavy-lift volume that favors specialist haulers, while the agriculture segment pushes cold-chain reach into rural provinces. Oil, gas, mining, and quarrying stay foundational, yet growth in non-oil verticals lifts overall cargo mix complexity, stimulating value-added service uptake such as customs brokerage, packaging, and reverse logistics.
Note: Segment shares of all individual segments available upon report purchase
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By Logistics Function: Functional Boundaries Blur as Integrated Solutions Rise
Freight Transport continues as the anchor, with 59.29% of the Saudi Arabia freight and logistics market share in 2024, buoyed by hydrocarbons and project cargo flows. Courier, Express, and Parcel services, though smaller, are on track for a 6.62% CAGR (2025-2030), fueled by bonded-zone hubs that compress customs lead times and enable next-day delivery to 90 % of the population. In value terms, the Saudi Arabia freight and logistics market size attributable to warehousing and storage surpassed USD 8 billion in 2024, and cold-chain space is expanding faster than dry storage as pharmaceutical imports climb. The convergence of transport, warehousing, and express parcels is evident in SAL’s USD 93 million air-cargo campus that bundles line-haul handling, sortation, and short-stay storage within one ecosystem.
Functional integration unlocks cross-selling efficiencies but raises capability thresholds: players must command multimodal execution, regulatory navigation, and digital visibility. Freight forwarding platforms embed real-time tracking APIs that feed CEP customer apps, while warehouse management systems now include transport-planning modules. The government’s one-license policy accelerates convergence by allowing operators to fold multiple services under a single permit, trimming compliance cost. Over 120 firms have already secured unified licenses, and their blended revenue streams grow 1.4 times faster than single-function peers. As consolidation advances, niche specialists will likely partner with 4PL orchestrators rather than expand balance sheets to rival integrated titans.
By Courier, Express, and Parcel Destination: Domestic Core, International Growth Vector
Domestic CEP traffic with 65.67% revenue share of 2024, remains anchored in Riyadh, Jeddah, and Dammam, but secondary cities post double-digit parcel growth as same-day coverage expands beyond the urban triangle. International CEP is projected to advance at a 6.87% CAGR (2025-2030), boosted by trade-lane liberalization and the LOGISTI platform’s automated classification engine that halves border-clearance times. Operators differentiate via delivery-time guarantees, in-flight re-routing, and carbon-neutral options.
Automated sort centers process 50,000 parcels per hour, and AI-driven address validation reduces failed deliveries by 22%. Integrated metro-logistics pilots in Riyadh exploit passenger-rail capacity for off-peak parcel moves, slicing last-mile kilometers in congested zones. Cross-border fashion and electronics returns gain traction, spawning reverse-logistics sub-segments with specialized duty-drawback processing.
By Warehousing and Storage: Conventional Base, Cold-Chain Surge
Non-temperature facilities still hold 78% revenue share in 2024, servicing fast-moving consumer goods, electronics, and general merchandise. The temperature controlled slice, though smaller, is set to expand at a 6.65% CAGR (2025-2030), driven by USD 5.58 billion pharmaceutical imports and rising perishables demand from tourism clusters. Multi-story automated warehouses in Riyadh reach 40 m height, integrating shuttle systems that lift picking productivity 4 times versus manual layouts.
Real-time temperature monitoring lowers excursion incidents below 0.2%, and GDP-certified facilities fetch 25% higher lease rates. Solar rooftops and high-efficiency insulation cut cold-store energy consumption by 18%. FSL SAUDI CO.LTD.’s 3 million ft² network employs blockchain for chain-of-custody audits, boosting pharmaceutical shipper confidence. As dietary-supplement imports rise, demand for multi-zone chambers (ambient, chilled, frozen) accelerates.
By Freight Transport Mode: Road Dominance Meets Air-freight Upswing
Road freight retains 42.01% modal share owing to a 73,000 km paved network and door-to-door agility, yet air freight is set to post a 6.99% CAGR (2025-2030) as e-commerce, pharmaceuticals, and high-tech imports favor speed over cost. Sea and inland waterways handle bulk and containerized commodities via Jeddah, Dammam, and King Abdullah ports, but Red Sea rerouting has prompted shippers to explore alternative Gulf gateways and overland rail options. Rail’s expansion beyond the 1,018-km operational grid will cut Riyadh-Jeddah transit to under eight hours once the land bridge is completed, yet capacity constraints persist in the interim.
Electrification pilots on road corridors reduce emissions roughly 20% per ton-km, and hydrogen fuel cell trials target heavy-haul lanes linking Jubail petrochemical sites to Dammam port. Air freight benefits from the General Authority of Civil Aviation’s e-cargo manifesto program that clears shipments digitally before wheels-up, curbing destination dwell. Sea freight modernization includes integrated port community systems and crane automation that raise container moves per hour by 18%.
Note: Segment shares of all individual segments available upon report purchase
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By Freight Forwarding Mode: Maritime Weight with Accelerating Air Share
Sea and inland waterways freight forwarding accounted for 65.28% of forwarding revenue in 2024, reflecting containerized consumer-goods imports and bulk chemical exports. Air freight forwarding is slated for a 6.26% CAGR (2025-2030) as manufacturers prioritize supply-chain resilience and lead-time reduction. Forwarders leverage dynamic routing that shifts high-value SKUs to air when Red Sea disruptions extend sailing days. Digital quoting and visibility platforms help shippers adjudicate mode trade-offs in real time.
Road and rail forwarding fill niche lanes: refrigerated truck consolidation from Jeddah to Riyadh supports grocery chains, while rail forwarding will enlarge its share after 2027 when FMCG-capable wagons come online. Contract logistics overlays now integrate duty management and bonded storage, turning forwarders into quasi-4PL orchestrators. That strategic evolution elevates entry barriers for smaller intermediaries lacking IT firepower.
Geography Analysis
Eastern Province remains the throughput heavyweight: Dammam, Jubail, and Ras Al Khair combined processed 47% of sea imports in 2024. Jeddah’s Red Sea hub experienced a 40% dip in transit volumes amid security-related rerouting, yet maintains resilient FMCG inflows tied to pilgrim traffic. Riyadh’s inland clearance complex, with 950,000 TEUs capacity, shifts container flow off congested quays and positions inventory closer to the Kingdom’s largest consumption cluster.
Northern Border Province leverages new rail-road corridors to Jordan and Iraq, routing petrochemicals and finished goods toward Levant markets. Southern gateways, particularly Jazan, evolve as alternate Red Sea entry points, aided by special economic-zone incentives and a pipeline of food-processing investments dependent on cold-chain access. Cross-border land trade with UAE and Oman grows as cabotage barriers fall, and customs one-stop posts cut transit paperwork to under 30 minutes.
Cold-chain infrastructure now blankets every top-10 population center, mitigating spoilage in desert climates. Cargo resiliency strategies diversify gateway usage: logistics planners pre-position stocks across at least two provinces to hedge against single-port disruption. National standards bodies enforce ISO-aligned quality protocols across regions, ensuring consistent service levels despite climatic diversity.
Competitive Landscape
The market remains fragmented: the combined top-five operators hold significant revenue, with Maersk, DHL, DSV, SAL, and Almajdouie in the lead. Partnership-driven consolidation quickened in 2024 as CEVA and Almajdouie merged networks to deliver integrated solutions from port handling to last-mile. Digital capability distinguishes leaders; DSV’s visibility portal tracks 95% of shipments end-to-end, offering predictive ETAs that lower buffer stock for importers.
Domestic champions retain advantageous concessions at key airports and land-bridge corridors, but foreign players leverage equipment scale and cross-border expertise. Venture funding targets niche segments like cold-chain, project cargo, and e-commerce last-mile, fostering specialized challengers. ESG credentials grow in tender weighting: SAL’s new Riyadh facility deploys solar arrays meeting 40% of power needs, while Maersk trials green-methanol trucking lanes.
Over the horizon, autonomous-truck pilots and hydrogen rail traction could upend cost curves. Operators able to capitalize on Vision 2030 PPP opportunities while embedding advanced analytics and sustainable assets will consolidate their share. Late adopters risk relegation to subcontract status within orchestrated 4PL networks.
Saudi Arabia Freight And Logistics Industry Leaders
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Almajdouie Group
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Bahri
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A.P. Moller-Maersk
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Aramex
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DHL Group
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- October 2024: CEVA Logistics and Almajdouie Group formed a joint venture to deliver integrated supply-chain services across Saudi industrial hubs.
- May 2024: SAL Saudi Logistics Services committed USD 93 million to 90,000 m² of new air-cargo capacity at King Khalid International Airport.
- March 2024: SAL Saudi Logistics Services leased 3,500 m² at Madinah airport for a new cargo terminal.
- February 2024: DHL Supply Chain and Aramco ASMO created an automotive-logistics joint venture to support emerging vehicle-assembly clusters.
Saudi Arabia Freight And Logistics Market Report Scope
Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Courier, Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing and Storage are covered as segments by Logistics Function.
End User Industry
| Agriculture, Fishing, and Forestry |
| Construction |
| Manufacturing |
| Oil and Gas, Mining and Quarrying |
| Wholesale and Retail Trade |
| Others |
Logistics Function
| Courier, Express, and Parcel (CEP) | By Destination Type | Domestic |
| International | ||
| Freight Forwarding | By Mode of Transport | Air |
| Sea and Inland Waterways | ||
| Others | ||
| Freight Transport | By Mode of Transport | Air |
| Pipelines | ||
| Rail | ||
| Road | ||
| Sea and Inland Waterways | ||
| Warehousing and Storage | By Temperature Control | Non-Temperature Controlled |
| Temperature Controlled | ||
| Other Services | ||
| End User Industry | Agriculture, Fishing, and Forestry | ||
| Construction | |||
| Manufacturing | |||
| Oil and Gas, Mining and Quarrying | |||
| Wholesale and Retail Trade | |||
| Others | |||
| Logistics Function | Courier, Express, and Parcel (CEP) | By Destination Type | Domestic |
| International | |||
| Freight Forwarding | By Mode of Transport | Air | |
| Sea and Inland Waterways | |||
| Others | |||
| Freight Transport | By Mode of Transport | Air | |
| Pipelines | |||
| Rail | |||
| Road | |||
| Sea and Inland Waterways | |||
| Warehousing and Storage | By Temperature Control | Non-Temperature Controlled | |
| Temperature Controlled | |||
| Other Services | |||
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Market Definition
- Agriculture, Fishing, and Forestry (AFF) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the AFF industry players. The end user players considered are the establishments primarily engaged in growing crops, raising animals, harvesting timber, harvesting fish & other animals from their natural habitats and providing related support activities. Herein, Logistics Service Providers (LSPs) play a crucial role in acquisition, storage, handling, transportation, and distribution activities for the optimal & continuous flow of inputs (seeds, pesticides, fertilizers, equipment, and water) from manufacturers or suppliers to the producers and smooth flow of output (produce, agro-goods) to distributors/ consumers. This includes both termperature controlled and non-temperature controlled logistics, as and when required according to the shelf life of goods being transported or stored.
- Construction - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the construction industry players. The end user players considered are the establishments primarily engaged in constructing, repairing and renovating residential & commercial buildings, infrastructure, engineering works, subdividing and developing land. Logistics Service Providers (LSPs) play a crucial role in increasing profitability of construction projects by maintaing the inventory of raw materials & equipment, time-critical supplies and by providing other value added services for effective project management.
- Courier, Express, and Parcel - The Courier, Express, and Parcel services, often called as CEP Market, refers to the logistics and postal service providers which specialize in moving small goods (parcels/packages). It captures the overall market size (USD) and market volume (number of parcels) of (1) the shipments/parcels/packages which are under 70kgs/ 154lbs weight, (2) Business Customer packages viz. Business-to-Business (B2B) & Business-to-Consumer (B2C) as well as private customer packages (C2C), (3) non-express parcel delivery services (Standard and Deferred) as well as express parcel delivery services (Day-Definite-Express and Time-Definite-Express), (4) domestic as well as international parcels.
- Demographics - To analyse total addressable market demand, population growth & forecasts have been studied and presented in this industry trend. It represents population distribution across categories like gender (male/female), development area (urban/rural), major cities among other key parameters like population density and final consumption expenditure (growth and share % of GDP). This data has been used for assessing the fluctations in demand & consumption expenditure, and the major hotspots (cities) of potential demand.
- Export Trends and Import Trends - Overall logistics performance of an economy is positively and significantly (statistically) correlated to its trade performance (exports and imports). Hence, in this industry trend, total value of trade, major commodities/ commodity groups and the major trade partners, for the studied geography (country or region as per the scope of report) have been analysed alongside the impact of major trade/logistics infrastructure investments & regulatory environment.
- Freight Forwarding - Freight forwarding which herein refers to the freight transportation arrangement (FTA) industry includes establishments primarily engaged in arranging & tracking transportation of freight between shippers and carriers. Logistics Service Providers (LSPs) considered are freight forwarders, NVOCCs, custom brokers and marine shipping agents. Others segment under Freight Forwarding captures the revenue earned through value added services of FTA like custom brokerage/clearance activities, preparation of freight related documentation, consolidation-deconsolidation of goods, cargo insurance & compliance, arrangement of warehousing & storage, liasing with shippers, and freight forwarding through other modes of transport viz. road and rail.
- Freight Pricing Trends - Freight pricing by mode of transport (USD/tonkm), over the review period, has been presented in this industry trend. The data has been used in assessing the inflationary environment, impact on trade, freight turnover (tonkm), freight and logistics market demand by mode of transport segments and hence the overall freight and logistics market size.
- Freight Tonnage Trends - Freight tonnage (weight of goods in tons) handled by mode of transport, over the review period, has been presented in this industry trend. The data has been used as one of the parameters apart from average distance per shipment (km), freight volume (tonkm), and freight pricing (USD/tonkm) to assess the freight transport market size.
- Freight Transport - Freight Transport refers to the hiring of a logistics service provider (outsourced logistics) for the transport of commodities (raw materials/final/intermediate/finished goods including both solids and fluids) from the origin to a destination within the country (domestic) or cross-border (international).
- Freight and Logistics - External expenditure on (or outsourced) facilitation of freight transport (freight transportation), arrangement of freight transport through an agent (freight forwarding), warehousing and storage (temperature controlled or non-temperature controlled), CEP (domestic or international courier, express and parcel) and other value-added logistics services involved in the transportation of commodities (raw materials or finished goods including both solids and fluids) from the origin to a destination within the country (domestic) or cross-border (international), through one or more modes of transportation viz. road, rail, sea, air and pipelines constitute freight and logistics market.
- Fuel Price - Fuel price spikes can cause delays and diruption for logistics service providers (LSPs), while drops in the same can result in higher short-term profitability and increased market rivalry to offer consumers with the best deals. Hence, the fuel price variations have been studied over the review period and presented along with the causes as well as market impacts.
- GDP Distribution by Economic Activity - Nominal Gross Domestic Product and distribution of the same, across major economic sectors in the geography studied (country or region as per scope of the report) have been studied and presented in this industry trend. As GDP is positively related to the profitability and growth of logistics industry, this data has been used in adjunction to the input-output tables/ supply-use tables for analyzing the potential major contributing sectors towards the logistics demand.
- GDP Growth by Economic Activity - Growth of Nominal Gross Domestic Product across major economic sectors, for the geography studied (country or region as per scope of the report) have been presented in this industry trend. This data has been utilized for assessing the growth of logistics demand from all the market end users (economic sectors considered here).
- Inflation - Variations in both Wholesale Price Inflation (YoY change in producer price index) and Consumer Price Inflation have been presented in this industry trend. This data has been used to assess the inflationary environment as it plays a vital role in smooth functioning of the supply chain, directly impacting the logistics operational cost components e.g., pricing of tyres, driver wages & benefits, energy/fuel prices, maintenace costs, toll charges, warehousing rents, custom brokerage, forwarding rates, courier rates etc. hence impacting the overall freight and logistics market.
- Infrastructure - As infrastructure plays a vital role in an economy's logistics performance, variables like length of roads, distribution of road length by surface category (paved v/s unpaved), distribution of road length by road classification (expressways v/s highways v/s other roads), rail length, volume of containers handled by major ports and tonnage handled by major airports have been analysed and presented in this industry trend.
- Key Industry Trends - The report section named "Key Industry Trends" include all the key variables/parameters studied to better analyze the market size estimates and forecasts. All the trends have been presented in the form of data points (time series or latest available data points) along with analysis of the paramter in the form of concise market relevant commentary, for the geography studied (country or region as per the scope of report).
- Key Strategic Moves - The action taken by a company to differentiate from its competitor or used as a general strategy is referred to as a key strategic move (KSM). This includes (1) Agreements (2) Expansions (3) Financial Restructuring (4) Mergers and Acquisitions (5) Partnerships, and (6) Product Innovations. Key players (Logistics Service Providers, LSPs) in the market have been shortlisted, their KSM have been studied and presented in this section.
- Liner Shipping Bilateral Connectivity Index - It indicates a country pair's integration level into global liner shipping networks and plays a crucial role in determining bilateral trade, which in turn potentially contributes toward the prosperity of a country and its surrounding region. Hence the major economies connected to the country/ region as per scope of the report, have been analyzed and presented in "Liner Shipping Connectivity" industry trend.
- Liner Shipping Connectivity - This industry trend analyses the state of connectivity to the global shipping networks based on the status of maritime transport sector. It includes the analysis of liner shipping connectivity, bilateral shipping connectivity, and port liner shipping connectivity indices for the geography (country/ region as per scope of the report) over the review period.
- Liner Shipping Connectivity Index - It indicates how well countries are connected to global shipping networks based on the status of their maritime transport sector. It is based on five components of the maritime transport sector: (1) The number of shipping lines servicing a country, (2) The size of the largest vessel used on these services (in TEUs), (3) The number of services connecting a country to the other countries, (4) The total number of vessels deployed in a country, (5) The total capacity of those vessels (in TEUs).
- Logistics Performance - Logistics Performance and Logistics Costs are the backbone of trade, and influences trade costs, making countries compete globally. Logistics performance is influenced by market wide adopted supply chain management strategies, government services, investments & policies, fuel/ energy costs, inflationary environment etc. Hence, in this industry trend, the logistics performance of the geography studied (country/ region as per the scope of report) has been analysed and presented over the review period.
- Major Truck Suppliers - Market share of truck brands is influenced by factors like geographical preferences, portfolio of truck types, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological innovations (like electric vehicles, digitalization, autonomous trucks), fuel efficiency, financing options, annual maintenance costs, availability of substitutes, marketing startegies etc. Hence, the distribution (share % for base year of the study) of truck sales volume for leading truck brands and commentary on current market scenario & market anticipation over the forecast period have been presented in this industry trend.
- Manufacturing - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Manufacturing industry players. The end user players considered are the establishments primarily engaged in the chemical, mechanical or physical transformation of materials or substances into new products. Logistics Service Providers (LSPs) play a crucial role in maintaining a smooth flow of raw materials across the supply chain, enabling timely delivery of finished goods to distributors or end customers and storing & supplying the raw materials to clients for just-in-time manufacturing.
- Maritime Fleet Load Carrying Capacity - Maritime fleet load carrying capacity depicts the development state of an economy's maritime infrastructure & trade. It is influenced by factors like volume of production, international trade, major end user industries, maritime connectivity, environmental regulations, investments in port infrastructure development, port container cargo handling capacity etc. This industry trend represents the maritime fleet load carrying capacity by type of ship viz. container ships, oil tankers, bulk carriers, general cargo, among other types alongwith the influencing factors for the geography studied (country/ region as per scope of the report), over the review period.
- Modal Share - Freight Modal Share is influenced by factors like modal productivity, government regulations, containerization, distance of shipment, temperature control requirements, type of goods, international trade, terrain, speed of delivery, shipment weight, bulk shipments, etc. Also, modal share by tonnage (tons) and modal share by freight turnover (ton-km) differ as per average distance of shipments, weight of major commodity groups transported in the economy and number of trips. This industry trend represents the distribution of freight transported by mode of transport (tons as well as ton-km), for the study base year.
- Oil and Gas, Mining and Quarrying - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the extraction industry players. The end user players considered are the establishments that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. Logistics Service Providers (LSPs) covers entire phases from upstream to downstream and plays a crucial role in the transportation of machinery, drilling equipments, extracted minerals, crude oil & natural gas and refined/ processed products from one place to another.
- Other End Users - Other end user segment captures the external (outsourced) logistics expenditure incurred by the financial services (BFSI), real estate, educational services, healthcare, and professional services (administrative, waste management, legal, architectural, engineering, design, consulting, scientific R&D). Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies and documents to/from these industries such as transporting any equipment or resources required, shipping confidential documents and files, movement of medical goods & supplies (surgical supplies and instruments, including gloves, masks, syringes, equipment) to name a few.
- Other Services - Other Services segment captures revenue earned through (1) Value added services (VAS) for freight transportation by road, rail, air and sea & inland waterways, (2) VAS for marine cargo transportation (operation of terminal facilities such as harbours and piers, operation of waterway locks, navigation, pilotage and berthing activities, lighterage, salvage activities, lighthouse activities, among other miscellaneous support activities), (3) VAS for land freight transportation (operation of terminal facilities such as railway stations, stations for the handling of goods, operation of railroad infrastructure, switching and shunting, towing and road side assistance, liquefaction of gas for transportation purposes, among other miscellaneous support activities), (4) VAS for air cargo transportation (operation of terminal facilities such as airway terminals, airport and air-traffic-control activities, ground service activities on airfields, runway maintenance, inspection/ ferrying/ maintenance/ testing of aircrafts, aircraft fuelling services, among other miscellaneous support activities), (5) VAS for warehousing and storage service (operation of grain silos, general merchandise warehouses, refrigerated warehouses, storage tanks etc., storage of goods in foreign trade zones, blast freezing, crating goods for shipping, packing and preparing goods for shipping, labelling and/or imprinting the package, kit assembling and packaging services, among other miscellaneous support activities), and (6) VAS for courier, express and parcel service (pickup, sorting).
- Port Calls and Performance - The performance of ports is key to an economy's freight movement, trade, global connectivity, successful growth strategies, investment attractiveness for production & distribution systems, and thus affects GDP, employment, per capita income and industrial growth. Hence, the port perfomance parameters like median time spent by vessels in the ports; average age, size, cargo carrying capacity, container carrying capacity, of vessels entering the ports, port calls, and container port throughput have been analysed and presented in this industry trend.
- Port Liner Shipping Connectivity Index - It reflects a port's position in the global liner shipping network, wherein a higher value of index is associated with better connectivity. Efficient and well-connected ports (1) contribute towards minimizing transport costs, linking supply chains and supporting international trade, (2) pave the way for economies of scale and development of expertise by permitting producers to better exploit possibilities in domestic as well as foreign markets. Hence the major ports of strategic importance, in the country/ region as per scope of the report, have been analyzed and presented in "Liner Shipping Connectivity" industry trend.
- Port Throughput - It reflects the amount of cargo or number of vessels a port handles annually. It can be related to (1) cargo tonnage, (2) container TEU, and (3) vessel calls. Port throughput in terms of total containers handled (TEU's), has been presented in the "Port Calls and Performance" industry trend.
- Producer Price Inflation - It indicates inflation from viewpoint of the producers viz. the average selling price received for their output over a period of time. Annual change (YoY) of producer price index is reported as wholesale price inflation in the "Inflation" industry trend. As WPI captures dynamic price movements in most comprehensive way, it is widely used by governments, banks, industry, business circles and is deemed important in formulation of trade, fiscal and other economic policies. The data has been used in adjunction to consumer price inflation for better understanding the inflationary environment.
- Segmental Revenue - Segmental Revenue has been triangulated or computed and presented for all the major players in the market. It refers to the freight and logistics market specific revenue earned by the company, over the base year of study, in the geography studied (country or region as per the scope of report). It is computed through the study and analysis of major parameters like financials, service portfolio, employee strength, fleet size, investments, number of countries present in, major economies of concern, etc. that have been reported by the company in its annual reports, webpage. For companies having scarce financial disclosures, paid databases like D&B Hoovers, Dow Jones Factiva have been resorted to and verified through industry/expert interactions.
- Transport and Storage Sector GDP - Value and growth of Transport and Storage Sector GDP has a direct relation to the freight and logistics market size. Hence, this variable has been studied and presented over the review period, in value terms (USD) and as share % of total GDP, in this industry trend. The data has been supported by concise and relevant commentary around the investments, developments, and current market scenario.
- Trends in E-Commerce Industry - Enhanced internet connectivity and boom in smartphone penetration, coupled with increasing disposable incomes, has led to a phenomenal growth in the e-commerce market globally. Online shoppers require fast and efficient delivery of their orders leading to an increase in the demand for logistics services especially e-commerce fulfilment services. Hence, the Gross Merchandise Value (GMV), historial and projected growth, breakup of major commodity groups in e-commerce industry for the studied geography (country or region as per scope of the report) have been analysed and presented in this industry trend.
- Trends in Manufacturing Industry - Manufacturing industry involves the transformation of raw materials into finished products, while logistics industry ensures the efficient flow of raw materials to the factory, and the transport of manufactured products to the distributors & consumers. Demand-Supply of both industries are highly cross-linked and critical for a seamless supply chain. Hence, the Gross Value Added (GVA), breakup of GVA into major manufacturing sectors, and growth of manufacturing industry over the review period have been analysed and presented, in this industry trend.
- Trucking Fleet Size By Type - Market share of truck types is influenced by factors like geographical preferences, major end user industries, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological disruptions (like electric vehicles, digitalization, autonomous trucks) etc. Hence, the distribution (share % for base year of study) of truck parc volume by type of truck, market disruptors, truck manufacturing investments, truck specifications, truck use & import regulations, and market anticipation over the forecast period have been presented in this industry trend.
- Trucking Operational Costs - The prime reasons for measuring/ benchmarking logistics performance of any trucking company are to reduce operational costs and increase profitability. On the other hand, measuring operational costs helps to identify whether and where to make operational changes to control expenses and identify areas for improved performance. Hence, in this industry trend, trucking operational costs and the variables involved viz. driver wages & benefits, fuel prices, repairs & maintenance costs, tyre costs etc. have been studied over the base year of study, and presented for the geography studied (country or region as per the scope of report).
- Warehousing and Storage - Warehousing and storage segment captures revenue earned through the operation of general merchandise, refrigerated and other types of warehousing & storage facilities. These establishments take responsibility for storing the goods and keeping them secure in lieu of charges. Value added services (VAS) they may provide are considered to be a part of the "other services" segment. Here VAS refer to a range of services, related to the distribution of a customer's goods and can include labelling, breaking bulk, inventory control & management, light assembly, order entry & fulfillment, packaging, pick & pack, price marking & ticketing and transportation arrangement.
- Wholesale and Retail Trade - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the wholesalers and retailers. The end user players considered are the establishments primarily engaged in wholesaling or retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies to and finished products from production houses to the distributors and finally to the end customer covering activites like material sourcing, transportation, order fulfillment, warehousing & storage, demand forecasting, inventory management etc.
| Keyword | Definition |
|---|---|
| Axle Load | The axle load of a wheeled vehicle is the total weight bearing on the roadway for all wheels connected to a given axle. |
| Back Haul | Backhaul is the return movement of a transport vehicle from its original destination to its original point of departure. |
| Bill of Lading | A bill of lading is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. |
| Bunkering | Bunkering is the process of supplying fuel and/or gasoil to be used to power the propulsion system of a ship (such fuel is referred to as bunker). It includes the logistics of loading and distributing the fuel among available shipboard tanks. A person dealing in trade of bunker (fuel) is called a bunker trader. |
| Bunkering Service | Bunkering service is the supply of a requested quality and quantity of bunkers to a ship. |
| C-commerce | C-commerce (Collaborative commerce) describes electronically enabled business interactions among an enterprise’s internal personnel, business partners and customers throughout a trading community. The trading community could be an industry, industry segment, supply chain or supply chain segment. |
| Cabotage | Transport by a vehicle registered in a country performed on the national territory of another country. |
| Cartage Agent | A ground transportation service that provides pickup and delivery of freight in locations not served directly by an air or ocean carrier. |
| Contract logistics | Contract logistics refers to the outsourcing of resource management tasks by one company to a third-party company specializing in logistical matters, such as transportation, warehousing, and order fulfillment. |
| Courier | A business that is used to send messages, packages, etc. Courier service refers to the fast or quick, door to door pickup and delivery service for goods or documents. It can be local or international. A company that provides such delivery services is called a courier company. A courier company hires people to provide their services. Such a person hired by the courier service company is called a courier. |
| Cross docking | Cross docking is a practice in logistics management that includes unloading incoming delivery vehicles and loading the materials directly into outbound delivery vehicles, omitting traditional warehouse logistical practices and saving time and money. |
| Cross Trade | International transport between two different countries performed by a vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and than the country of unloading/disembarkation. |
| Customs Clearance | The procedures involved in getting cargo released by Customs through designated formalities such as presenting import license/permit, payment of import duties and other required documentations by the nature of the cargo such as FCC or FDA approval. |
| Customs seal | Customs seal means a seal, stamp or any other preventive means affixed by customs officials to ensure the inviolability of goods, commercial means of transport or warehouses. |
| Dangerous Goods | Dangerous goods (or hazardous materials or HAZMAT) include flammable liquids/solids, gases, compressed, liquified, dissolved under pressure, corrosives, oxidising substances, explosive substances and articles, substances, which on contact with water, emit flammable gasses, organic peroxides, toxic substances, infectious substances, radioactive materials, miscellaneous dangerous goods and articles. |
| Direct Shipment | Direct shipment is a method of delivering goods from the supplier or the product owner to the customer directly. In most cases, the customer orders the goods from the product owner. This delivery scheme reduces transportation and storage costs, but requires additional planning and administration. |
| Drayage | A drayage is a form of trucking service that connects the different modes of shipping (intermodal), such as ocean freight or air freight. It’s a short-haul trip that transports goods from one place to another, usually before or after its long-haul shipping process. Drayage trucks move cargo to and from various destinations, such as container ships, storage lots, order fulfillment warehouses, and rail yards. Typically, drayage only transports goods in short distances and operates only in one metropolitan area. It also requires only one trucker in a single shift. |
| Dry Docking | Dry docking is a term used for repairs or when a ship is taken to the service yard. During dry docking, the whole ship is brought to a dry land so that the submerged portions of the hull can be cleaned or inspected. |
| Dry van | A dry van is a type of semi-trailer that's fully enclosed to protect shipments from outside elements. Designed to carry palletized, boxed or loose freight, dry vans aren't temperature-controlled (unlike refrigerated “reefer” units) and can't carry oversized shipments (unlike flatbed trailers). |
| Feedering | Transport service whereby loaded or empty containers in a regional are transferred to a “mother ship” for a long-haul ocean voyage. |
| Final Demand | Final demand includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. |
| First mile Delivery | First mile delivery refers to the first stage of the transportation. This is when the parcel leaves the seller’s warehouse and is taken by the courier pick up agent to process it or take it to the warehouse. Once the package reaches the post office or the courier’s hub, it is then sorted and transported further until it reaches the customer’s doorstep. |
| Fiscal storage services | It means a facility, clearly separated from other premises, where the excise goods are produced, processed, held, received or dispatched under a duty suspension arrangement by an authorized depositor, in the course of his business, under conditions laid down by the customs authorities. |
| Flat Bed | It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods. |
| Flatbed Truck | A flatbed truck is a type of truck with rigid design. It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods such as machinery, building supplies or equipment. Due to the truck open body, the goods transported with it must not be vulnerable to rain. By functionality, the flatbed truck is comparable to a flatbed trailer. |
| Freight Transit Time | Transit time is how long it takes for a shipment to be delivered to its final destination after being picked up from a designated pick up point. |
| Halal Logistics | It refers to the process of managing the logistics operations such as fleet management, storage/warehousing, and materials handling according to the principles of Shariah law in ensuring the integrity of the halal products at the point of consumption. |
| Haulage | The commercial transport of goods. |
| Inbound Logistics | Inbound logistics is the way materials and other goods are brought into a company. This process includes the steps to order, receive, store, transport and manage incoming supplies. Inbound logistics focuses on the supply part of the supply-demand equation. |
| Intermediate Demand | Intermediate demand includes goods, services, and maintenance and repair construction sold to businesses, excluding capital investment. |
| International Loaded | Place of loading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of unloading in a different country. |
| International Unloaded | Place of unloading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of loading in a different country. |
| Last Mile Delivery | Last mile delivery refers to the very last step of the delivery process when a parcel is moved from a transportation hub to its final destination—which, usually, is a personal residence or retail store. |
| Less than-Truck-Load (LTL) | Less-than-truckload, also known as less-than-load (LTL), is a shipping service for relatively small loads or quantities of freight. An LTL provider combines the loads and shipping requirements of several different companies on their trucks, using a hub-and-spoke system to get goods to their destinations. |
| Locomotives Haluage | The transport of coal, ore, workers, and materials underground by means of locomotive-hauled mine cars. The locomotive may be powered by battery, diesel, compressed air, trolley, or some combination such as battery-trolley or trolley-cable reel. |
| Milkrun | A Milk Run is a delivery method used to transport mixed loads from various suppliers to one customer. Instead of each supplier sending a truck every week to meet the needs of one customer, one truck (or vehicle) visits the suppliers to pick up the loads for that customer. This method of transport got its name from the dairy industry practice, where one tanker used to collect milk from several dairy farms for delivery to a milk processing company. |
| Multi country consolidation | Multi-Country Consolidation (MCC) is a cost-effective solution that consolidates ones cargo from different countries of origin to build Full Container Loads (FCL). MCC is most suitable for companies that import light volumes of goods from multiple countries but want to take advantage of the more economic FCL freight rates. |
| Multi-Modal Logistics | Multimodal transportation or multimodal shipping refers to logistics and freight processes that require multiple modes of transportation. |
| Omni Channel Logistics | Omnichannel distribution is a multichannel approach taken by companies to give customers a way to purchase and receive orders from several sales channels with one-touch seamless integration. Some of the ways include- 1. Buy online, then pick-up at the brick and mortar store; 2. Buy online, then have it delivered to the home or another location; 3.In store purchase, with the delivery either to the home or another location; 4. Drop ship from a warehouse or manufacturing center to store, home or other location; 5.Buy online, then return at store or online; 6. Buy online, then return online. |
| OOG cargo | Out of Gauge (OOG) cargo is any cargo that can not be loaded into six-sided shipping containers simply because it is too large. The term is a very loose classification of all cargo with dimensions beyond the maximum 40HC container dimensions. That is a length beyond 12.05 meters – a width beyond 2.33 meters – or a height beyond 2.59 meters. |
| Other ships | Other ships include: Liquefied petroleum gas carriers, liquefied natural gas carriers, parcel (chemical) tankers, specialized tankers, reefers, offshore supply vessels, tugboats, dredgers, cruise, ferries, other non-cargo ships |
| Other Specialised Cargo | Other specialised goods include pre-slung goods (Goods, one or more items, supplied with a sling or slings), mobile units (Mobile Self Propelled Units, Non Self Propelled Units, unrolled vehicles), oversized equipment load (light and heavy machinery that is often too big or too heavy), high value freight that needs extra protection like electronics, financial services road freight. |
| Outsourced Freight Transport | Transport for hire or reward; The carriage for remuneration of goods. |
| Pallets | Raised platform, intended to facilitate the lifting and stacking of goods. |
| Part load | A part load describes goods which only fills a truck partially. In essence, the quantity of the shipment is bigger than the Less Than Truckload (LTL) shipment. Also, the shipment cannot fully occupy a truck i.e. its capacity is much lower than a Full Truckload (FTL) shipment. |
| Paved Road | Road surfaced with crushed stone (macadam) with hydrocarbon binder or bituminized agents, with concrete or with cobblestone. |
| Q-commerce | Q-commerce, also referred to as quick commerce, is a type of e-commerce where emphasis is on quick deliveries, typically in less than an hour. |
| Quay | A stone or metal platform lying alongside or projecting into water for loading and unloading ships. |
| Recommerce | Recommerce is the selling of previously owned items through online marketplaces to buyers who reuse, recycle or resell them. |
| ReverseLogistics | Reverse logistics is a type of supply chain management that moves goods from customers back to the sellers or manufacturers. |
| Road Freight Transport Service | Hiring a trucking agency for transport of commodities (raw materials or manufactured goods including both solids and liquids) form the origin to a destination within the country (domestic) or cross-border (international) constitutes road freight transport market. The service might be Full-Truck-Load or Less than-Truck-Load, containerized or non-containerized, temperature controlled or non temperature controlled, short haul or long haul. |
| Roll-on/roll-off cargo | Roll-on/roll-off (RORO or ro-ro) ships are cargo ships designed to carry wheeled cargo, such as cars, motorcycles, trucks, semi-trailer trucks, buses, trailers, and railroad cars, that are driven on and off the ship on their own wheels or using a platform vehicle, such as a self-propelled modular transporter. |
| Swap bodies | A swap body, swop body, exchangeable container or interchangeable unit, is one of the types of standard freight containers for road and rail transport. |
| Tank Barge | A non-self-propelled vessel constructed or adapted primarily to carry liquid, solid or gaseous commodities or cargos in bulk in cargo spaces (or tanks) through rivers and inland waterways, and may occasionally carry commodities or cargos through oceans and seas when in transit from one inland waterway to another. The commodities or cargos transported are in direct contact with the tank interior. |
| Tautliner vehicle | Tautliner and curtainsider are used as generic names for curtain sided trucks/trailers. The curtains are permanently fixed to a runner at the top and detachable rails/poles at front and rear, allowing the curtains to be drawn open and forklifts used all along the sides for easy and efficient loading and unloading. When closed for travel, vertical load restraint straps are attached to a rope rail beneath the truck bed, connecting the truck bed and curtain along both sides. Winches at either end of the curtain tension it, hence the 'Tautliner' name. This stops the curtain from flapping or drumming in the wind and can also help retain light loads from slipping sideways. |
| Transloading | Transloading is a shipping term that refers to the transfer of goods from one mode of transportation to another en route to their ultimate destination. |
| Tsubo | A Japanese unit of area equal to 35.58 square feet. |
| Unpaved Road | Road with a stabilized base not surfaced with crushed stone, hydrocarbon binder or bituminized agents, concrete or cobblestone. |
| Vessel Husbandry Services | It includes ship maintenance, repairs, cleaning, upkeep of the hull and rigging and equipment. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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