- Argentina
- Armenia
- Asia
- Asia Pacific
- Australia
- Bangladesh
- Brazil
- Cambodia
- Canada
- Chile
- China
- Colombia
- Czech Republic
- Egypt
- Estonia
- Europe
- France
- Germany
- Hong Kong
- Hungary
- India
- Indonesia
- Iraq
- Italy
- Japan
- Jordan
- Kazakhstan
- Laos
- Malaysia
- Mexico
- Middle East and Africa
- Morocco
- Myanmar
- Netherlands
- New Zealand
- Nigeria
- North America
- Peru
- Philippines
- Poland
- Russia
- Saudi Arabia
- Singapore
- Slovakia
- South America
- Spain
- Sri Lanka
- Sweden
- Thailand
- Turkey
- Ukraine
- United Arab Emirates
- United Kingdom
- United States
- Vietnam
South Africa Freight And Logistics Market Analysis by Mordor Intelligence
The South Africa freight and logistics market size was valued at USD 15.55 billion in 2026 and estimated to grow from USD 16.45 billion in 2027 to reach USD 22.14 billion by 2032, at a CAGR of 6.12% during the forecast period (2027-2032).
South Africa’s online retailers and citrus exporters create demand for services combining transport with specialized handling. Contracted private rail access is set to widen the choice of operators once services start, while rail maintenance backlogs and terminal delays limit dependable execution. Integrated networks and temperature-controlled facilities let providers organize a shipper’s cargo across road transport, port handling, and cold storage. Providers whose delivery and cold-storage arrangements accommodate a delayed rail or terminal stage can protect fulfillment for online retailers and citrus exporters.
Key Report Takeaways
- By end user industry, manufacturing held a 37.39% South Africa freight and logistics market share in 2026, while wholesale and retail trade is the fastest-growing segment at a 6.75% CAGR during 2027-2032.
- Across logistics functions, freight transport accounted for a 73.6% share of the South Africa freight and logistics market size in 2026, and courier, express, and parcel (CEP) is the fastest-growing segment with a 7.25% CAGR during 2027-2032.
- Geographically, Gauteng led provincial freight and logistics activity in 2025, supported by OR Tambo International Airport’s international cargo connectivity.
Note: Market numbers in this report are based on Mordor Intelligence's proprietary estimation framework, which combines nine months of actuals with Q4 projections for base year 2026.
Market Trends and Insights
Drivers Impact Analysis of South Africa Freight And Logistics Market*
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Surge in E-Commerce Parcel Volumes | +2.5% | Nationwide | Short term (≤ 2 years) |
| Public-Private Partnerships for Rail Revamp | +2.2% | Nationwide | Medium term (2-4 years) |
| Growing Intra-Africa Trade Under AfCFTA | +1.3% | Nationwide | Medium term (2-4 years) |
| Cold-Chain Demand from Agro-Exports | +1.7% | Nationwide | Short term (≤ 2 years) |
| Adoption of Freight Visibility Platforms | +0.7% | Nationwide | Medium term (2-4 years) |
| OEM Shift To Alternative-Fuel Truck Fleets | +0.3% | Nationwide | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Surge in E-Commerce Parcel Volumes
Growing online demand and small and mid-sized retailers’ increasing reliance on delivery put pressure on last-mile capacity during peak trading periods. Fastway reported South African network parcel volumes rising more than 26% year over year across November and December 2025. December deliveries alone were up nearly 40%. That concentration means a carrier must accommodate the busiest part of the trading calendar while maintaining a network that also works outside the peak. For smaller retailers, dependable access to that capacity can determine whether an online sale becomes a completed delivery during the peak demand window.
Public-Private Partnerships for Rail Revamp
Contracted network access opens a route for private rail services while leaving operators responsible for assembling the equipment and service. On May 13, 2026, Transnet Rail Infrastructure Manager concluded rail-access agreements with all 11 train operating companies allocated slots on South Africa’s freight network. Grindrod signed an agreement after receiving 2 North-East Corridor slots and planned first-year movements of 288,000 metric tons using its own locomotives and wagons. Its expected early-2027 start was subject to completion of remaining operational and contractual conditions. For shippers, an additional operator can broaden service choice when allocated paths translate into dependable departures. Operators that combine access rights with rolling stock and completed operating arrangements can turn private participation into a service proposition.
Growing Intra-Africa Trade Under AfCFTA
Preferential trade creates a freight opportunity when firms can match eligible goods with commercially used cross-border routes. By February 2026, South Africa had recorded cumulative exports beyond SADC and imports under AfCFTA preferences following its January 2024 implementation. In June 2026, the Department of Trade, Industry and Competition reported to Parliament that all AfCFTA rules of origin had been finalized, including autos, clothing, and textiles. Defined origin rules give eligible exporters a concrete framework for organizing trade in those product categories. Providers can target these flows by connecting domestic collection with the international movement required for each destination.
Cold-Chain Demand from Agro-Exports
Agro-exports create cold-chain demand through the combination of substantial refrigerated shipment volumes and a widely distributed destination network. In 2025, South African growers exported about 203 million 15-kg cartons of citrus. Those exports moved in more than 120,000 reefer containers to over 100 destinations. For refrigerated-logistics suppliers, this scale makes the coordination of container availability, loading, and export departures commercially significant alongside the provision of transport capacity. A broad destination network creates departure combinations that a provider must accommodate, making the availability of an appropriate reefer consequential for each shipment.
Restraints Impact Analysis of South Africa Freight And Logistics Market*
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Rail Network Under-Maintenance and Theft | -1.1% | Nationwide | Long term (≥ 4 years) |
| Chronic Port Congestion and Equipment Age | -0.9% | Durban and Cape Town | Medium term (2-4 years) |
| Driver Shortage and Rising Labor Costs | -0.4% | Nationwide | Medium term (2-4 years) |
| Currency Volatility Impacting Imports | -0.2% | Nationwide | Short term (≤ 2 years) |
| Source: Mordor Intelligence | |||
Rail Network Under-Maintenance and Theft
Dependable freight-rail service requires both a maintained route and protection against interruptions that make scheduled carrying capacity unusable. Transnet Rail Infrastructure Manager identified underinvestment, significant maintenance backlogs, and deteriorating network reliability as legacy challenges in 2025/26. It also identified theft, vandalism, and sabotage as threats affecting infrastructure and operations. Infrastructure disruptions, security incidents, locomotive reliability constraints, and customer-related inefficiencies constrained throughput and service reliability, leaving 2025/26 corridor volumes 7.2% below target. For shippers, the distinction between a planned train path and a dependable movement makes network condition part of the service being purchased. The remaining commercial burden is lost scheduling certainty across movements that depend on infrastructure beyond the individual carrier’s control.
Chronic Port Congestion and Equipment Age
Port congestion constrains usable freight capacity even when shippers have cargo ready for dispatch and operators can supply inland transport. In 2025, equipment shortages, logistical inefficiencies, and weather disruptions caused delays and limited container volume growth at Transnet Port Terminals in Durban and Cape Town. A separate disruption following Durban port’s August 2026 Navis operating-system introduction affected cargo flows, truck bookings, and vessel movements, according to October reporting. Some ships waited up to 12 days, and affected businesses incurred additional storage costs.[1] Those successive interruptions make an available truck or vessel insufficient to guarantee a completed movement through the terminal. For cargo owners, the commercial burden includes paying for storage while the port constraint delays productive use of transport capacity.
*Our forecasts treat driver/restraint impacts as directional, not additive. The impact forecasts reflect baseline growth, mix effects, and variable interactions.
South Africa Freight And Logistics Market Segment Analysis
By End User Industry:
Industrial Dispatch Anchors Demand as Retail ExpandsManufacturing accounted for a 37.39% share of the South Africa freight and logistics market size in 2026, making it the largest segment. South Africa’s automotive industry exported 414,271 vehicles in 2025, up from 391,128 in 2024.[2] An export stream of that scale gives transport providers a concentrated flow of completed goods whose movement must follow manufacturers’ dispatch requirements. The 23,143-vehicle increase over 2024 represents additional finished-goods volume requiring outbound capacity.
Wholesale and retail trade is the fastest-growing segment, with a forecast CAGR of 6.75% during 2027-2032. South African retail trade sales, measured at constant 2019 prices, increased 3.7% in 2025. Higher real retail sales point to more goods moving through stores, supporting demand for replenishment capacity serving retailers.
By Logistics Function:
Road Scale Supports Transport as Parcel Services ExpandFreight transport represented a 73.6% South Africa freight and logistics market share in 2026, making it the largest segment. South Africa’s road freight carried 248.8 million metric tons in May-July 2026 on a seasonally adjusted basis. Road accounted for 85% of seasonally adjusted payload carried by road and rail during those months. This concentration means that changes in usable road capacity can influence a large portion of measured inland payload, affecting the transport options available to shippers.
Courier, express, and parcel (CEP) is the fastest-growing segment, with a forecast CAGR of 7.25% during 2027-2032. DPD South Africa delivered more than 15.1 million parcels across South Africa in 2025. That scale gives parcel execution its own operating priorities, with large numbers of individual consignments requiring efficient handling and delivery. Warehousing and storage includes DSV’s South African network, which provides integrated warehousing and distribution through multi-client campuses with more than 320,000 square meters of warehouse space. Statistics South Africa reported that income from parcel freight within its land-transport commodity grouping rose 23.1% at current prices in May-July 2026 versus May-July 2025.
Geography Analysis
Gauteng Freight And Logistics Market
Gauteng was the leading province for South African freight and logistics activity in 2025. International air freight to and from Gauteng’s OR Tambo International Airport totaled 350 million kilograms in 2025, up 0.7% from 2024. A cargo gateway handling that volume gives freight providers a concentrated international interface around which collection, delivery, and supporting services can be organized. For customers using air carriage, the commercial decision extends to the ground movement connecting the airport with the goods’ origin or destination, linking airside capacity with provincial distribution. Airports Company South Africa said its planned midfield cargo precinct at OR Tambo International Airport will expand cargo-handling capacity to 1.2 million metric tons by 2030.
KwaZulu-Natal’s freight role connects the Port of Durban with corridors serving industrial hubs and trade. In KwaZulu-Natal, the Perishable Products Export Control Board’s all-product container series recorded 59,344 containers at Durban in 2025/26, up from 48,830 in 2024/25. The increase amounted to 10,514 additional containers in this export-control series at the port anchoring KwaZulu-Natal’s industrial and trade corridors.
The Western Cape presents a separate export-gateway business centered on Cape Town’s container channel. In the Western Cape, the Perishable Products Export Control Board’s all-product series recorded 106,943 containers at Cape Town in 2025/26, compared with 91,311 in 2024/25. In July 2025, the Western Cape Government reported annual freight of 8.9 million tons on the Overberg corridor between Caledon, Belcon Inland Terminal, and the Port of Cape Town. Trucks carried 99.8% and rail 0.2% of all freight on that corridor. For exporters using this corridor, road capacity into Cape Town therefore matters alongside the port’s ability to handle containers.
Regulatory Framework and Outlook
The comparison covers selected jurisdictions from the perspective of road-freight operators serving South African logistics customers. National law separates municipal freight-route planning from operators’ loading responsibilities and road-traffic operator-card oversight. This creates a statutory base for comparing national commercial conditions with the municipal route-planning duties that apply within Gauteng and the province’s proposed approach to overload control.
Regulatory Table of South Africa Freight And Logistics Market
| Decision factor | South Africa | Gauteng |
|---|---|---|
| Primary authority | Municipal planning authorities and road-traffic registering authorities | Municipal planning authorities under Section 37 |
| Key instruments or direction | National Land Transport Act, Section 37; National Road Traffic Act operator-card system and loading duties | Section 37 local freight-route framework; 2025 draft medium-term overload-control proposal |
| Commercial effect | Deregulated road-freight entry with operator-card oversight and operator responsibility for driver loading compliance | Dangerous-substance routing applies where routes are determined, designated, and published in an integrated transport plan |
| Current policy attractiveness | Medium | Medium |
| Future direction of policy attractiveness | No change | No change |
| Source: Mordor Intelligence | ||
Deregulated entry with operator-card and loading duties supports medium attractiveness nationally and in Gauteng, alongside partial Economic Regulation of Transport Act commencements on April 1, 2025, and April 1, 2026. Chapters 2, 3, and 5 cover rail access, regulated-entity economic regulation, and enforcement, respectively, but awaited proclamation alongside Section 4(1) in October 2026 and therefore added no operative road-operator duty, supporting national No change. In May 2023, the Department of Transport and Road Traffic Management Corporation described the National Operator Registration System for re-regulating road freight as under development rather than an operative registration duty, leaving operator-card and loading obligations as the baseline for this assessment. Gauteng’s 2025 draft proposed medium-term overload controls using virtual weigh stations, habitual-offender identification, self-regulation, and performance-based standards, so provincial No change retains the existing national compliance baseline.
Value Chain Stages
The value chain compares how shipment organization, inland carriage, gateway handling, and storage contribute distinct services to a completed freight movement. Transnet reported rail volumes of 167.9 million metric tons in FY2025/26, illustrating the physical scale handled within one part of that chain. Supplier earnings depend on the activity performed, while the connection between stages determines whether individually available services can complete a customer’s movement.
Value Chain Analysis Table of South Africa Freight And Logistics Market
| Primary activity | Key participants | Value capture | Bottleneck | Resilience response |
|---|---|---|---|---|
| Shipment planning and customs clearance | Freight forwarders and customs brokers such as DSV’s Air & Sea Division, with 5 branches at major South African terminals and ports | Forwarding and customs-brokerage service fees | Misaligned transport bookings and customs documents | Coordinate bookings and documentation before dispatch |
| Inland linehaul | Road carriers such as DSV’s Road Division; rail operators such as Transnet | Road and rail freight-service revenue | Mismatch between cargo availability and usable carrying capacity | Match cargo release with confirmed transport capacity |
| Gateway and terminal handling | Terminal-service operators such as Grindrod Logistics | Terminal and feeder logistics service revenue | Reported vessel queues off Durban and Ngqura in July 2026 | Sequence inland arrivals against confirmed terminal handoffs |
| Warehousing and depot holding | Warehouse and depot operators such as Grindrod Logistics | Warehousing and depot service revenue | Freight accumulation between transport legs | Coordinate holding capacity and release with onward carriage |
| Source: Mordor Intelligence | ||||
These stages distribute earnings across organizational services and physical operations, so ownership of carrying capacity alone does not capture every part of a shipment’s service value. An integrated provider can coordinate several handoffs internally, while a specialist can participate through a well-defined forwarding, transport, terminal, or storage role. On July 24, 2026, the Southern African Association of Freight Forwarders reported about 79 vessels waiting off Durban and Ngqura. Gateway delays can postpone onward inland movements and depot releases, giving providers coordinating those stages a service role beyond carriage.
Competitive Landscape
Market Concentration
Competition combines integrated groups and specialists, including DP World through Imperial Logistics (Pty) Ltd., Kuehne+Nagel, Transnet Freight Rail, DSV A/S including DB Schenker, and A.P. Moller - Maersk. Imperial, a DP World company, provides contract logistics, road freight, and lead-logistics services in South Africa, while Kuehne+Nagel implemented more than 150 new customer logistics projects in its global Contract Logistics business in 2025. Transnet Freight Rail moved 81.4 million metric tons in the six months to September 2025, up 4.4% from 78 million metric tons a year earlier. In April 2025, DSV A/S completed its acquisition of DB Schenker’s global freight-forwarding and contract-logistics business from Deutsche Bahn, creating a combined company with close to 160,000 employees across more than 90 countries globally.
Service specialization gives exporters a basis for choosing among large network providers when their cargo requires a distinct handling environment. On October 28, 2025, Maersk launched its Belcon Cold Store in Bellville, providing temperature-controlled handling for export-bound perishable goods and dairy products.[3] For these shippers, the facility connects the logistics provider’s offer with the condition of the product awaiting export, making controlled handling relevant to whether transport capacity delivers its intended commercial value. Competition for such cargo can therefore turn on the quality of handling at a specific facility, alongside the geographic reach of the wider logistics network.
DP World’s Maputo container-terminal expansion in Mozambique was about 70% complete in August 2026. First-phase annual capacity was expected to rise from 255,000 to 500,000 twenty-foot equivalent units by the first quarter of 2027. The planned increase could widen regional gateway options for South African shippers, with its usefulness depending on completion and inland connections. Under South African Revenue Service policy effective September 21, 2026, providers other than registered agents need customs-clearing-agent licenses for paid client customs declarations or goods-clearance services.
South Africa Freight And Logistics Industry Leaders
-
DP World (Including Imperial Logistics (Pty) Ltd.)
-
Kuehne+Nagel
-
Transnet Freight Rail
-
DSV A/S (Including DB Schenker)
-
A.P. Moller - Maersk
- *Disclaimer: Major Players sorted in no particular order
South Africa Freight And Logistics Market Companies Covered in this Report
- A.P. Moller - Maersk
- Africa Global Logistics
- Bertling Logistics
- CMA CGM Group (Including CEVA Logistics)
- DACHSER
- DHL Global Forwarding
- DP World (Including Imperial Logistics (Pty) Ltd.)
- DSV A/S (Including DB Schenker)
- FedEx
- FPT Group (Pty) Ltd.
- Grindrod Ltd.
- Heneways Freight Services (Pty) Ltd.
- Kuehne+Nagel
- Laser Group
- Logwin
- Megafreight Services (Pty) Ltd.
- SACO (Including SACO Shipping)
- Savino Del Bene SpA
- Transnet Freight Rail
- United Parcel Service of America, Inc. (UPS)
Recent Industry Developments in South Africa Freight And Logistics Market
- Sep 2026: Transnet issued a qualification request on September 23 for a private partner in the Ngqura Manganese Export Corridor, covering terminal and rail-haulage operations and rail-infrastructure rehabilitation through 2 special-purpose vehicles. Responses are due February 26, 2027, and respondents must establish technical, financial, legal, and operational capability to qualify for possible invitation to the proposal stage.
- Sep 2026: South African Revenue Service policy effective September 21 requires providers other than registered agents to hold customs-clearing-agent licenses to lodge paid client customs declarations or provide goods-clearance services.
- Sep 2026: Transnet National Ports Authority issued a request for proposals on September 15 for an operator to develop and run a small-to-medium LNG import terminal at East London under a 25-year common-user, open-access concession, with bids due February 22, 2027. The selected bidder would need to secure approvals and licenses, finance the project, and transfer the terminal to the authority at the concession’s end.
Scope and Methodology
By End User Industry
| Agriculture, Fishing, and Forestry |
| Construction |
| Manufacturing |
| Oil and Gas, Mining and Quarrying |
| Wholesale and Retail Trade |
| Others |
By 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 | ||
| By End User Industry | Agriculture, Fishing, and Forestry | ||
| Construction | |||
| Manufacturing | |||
| Oil and Gas, Mining and Quarrying | |||
| Wholesale and Retail Trade | |||
| Others | |||
| By 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 | |||
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. |
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
