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Thailand Freight And Logistics Market Analysis by Mordor Intelligence
The Thailand freight and logistics market size was valued at USD 56.56 billion in 2026 and estimated to grow from USD 59.93 billion in 2027 to reach USD 79.15 billion by 2032, at a CAGR of 5.72% during the forecast period (2027-2032).
Thailand’s expanding platform commerce creates parcel-handover opportunities, while new vehicle production generates outbound freight for factory-to-port services. Temperature-controlled distribution links food processing with store supply, adding handling requirements to retail replenishment. Warehouse automation and logistics partnerships let providers combine these tasks in service offerings for merchants and industrial shippers. War in the Middle East drove a fuel-price shock in Thailand from March 2026, pressuring road carriers as road freight activity weakened. Road carriers face higher trip costs as activity weakens, while growth in parcel, temperature-controlled, and factory-to-port services draws on platform orders, store replenishment, and vehicle exports.
Key Report Takeaways
- By end user industry, manufacturing held a 32.22% Thailand freight and logistics market share in 2026, while wholesale and retail trade is forecast to grow fastest at a CAGR of 6.25% during 2027-2032.
- Among logistics functions, freight transport accounted for a 61.04% share of the Thailand freight and logistics market size in 2026, and courier, express, and parcel (CEP) is forecast to grow fastest at a CAGR of 6.75% during 2027-2032.
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 Thailand Freight And Logistics Market*
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| E-Commerce Boom and Last-Mile Delivery Acceleration | +2.6% | Nationwide | Short term (≤ 2 years) |
| Government Mega-Projects (EEC, 2025–26 Plan, Land Bridge) | +1.6% | Chachoengsao, Chon Buri, Rayong | Long term (≥ 4 years) |
| Manufacturing Re-Shoring and China+1 Inflows | +1.5% | Rayong and Laem Chabang | Medium term (2-4 years) |
| Digitalization (AI/TMS, IoT Visibility, Smart Warehousing) | +1.2% | Nationwide | Medium term (2-4 years) |
| Green-Logistics Mandates and Rail Electrification Push | +0.4% | Bangkok city districts | Long term (≥ 4 years) |
| Cross-Border CLMV Trade and Trans-Asian Rail Link Uptake | +0.7% | Nationwide | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
E-Commerce Boom and Last-Mile Delivery Acceleration
Online merchants need a practical handover point between completed orders and the parcel network that carries goods to customers. Thailand’s platform e-commerce GMV grew 51.8% to USD 35.5 billion in 2025 from USD 23.4 billion in 2024. J&T Express Thailand opened a parcel drop-off point at BITEC Bangna in Bangkok on July 11, 2025, at a venue connecting online retailers, small and medium enterprises, and exhibition organizers. On June 25, 2026, KEX Express (Thailand) and Big C planned to expand their jointly operated parcel drop-off and pick-up network to more than 1,700 locations nationwide, citing online merchant parcel demand. Parcel acceptance connects this expanding online sales base with physical collection, giving carriers a merchant-facing entry point into the onward delivery relationship.
Government Mega-Projects (EEC, 2025–26 Plan, Land Bridge)
Port development programs create logistics opportunities in phases, with civil infrastructure preceding the services that depend on new terminal capacity. At Map Ta Phut Industrial Port in Rayong, Gulf MTP LNG Terminal, the private partner, completed Stage 1 infrastructure works for the Phase 3 gas-terminal project on March 31, 2025. EECO prioritizes multimodal transport infrastructure in Chachoengsao, Chon Buri and Rayong, including expansions at Laem Chabang and Map Ta Phut ports. The wider port program provides the freight-relevant opportunity, while the gas-terminal infrastructure milestone concerns a distinct industrial use. Because EECO’s port priorities are planned and Map Ta Phut gas terminal operations are scheduled for 2029, port-related freight demand from this driver is expected to build gradually across the forecast period.
Manufacturing Re-Shoring and China+1 Inflows
New manufacturing bases can generate both production support and outward freight demand, broadening the work available to logistics providers. Changan opened its first new energy vehicle production base outside China in Rayong in May 2025. By June 10, 2026, the factory had produced 20,000 DEEPAL S05 and NEVO Q05 vehicles in its first operating year. Its first shipment of Thai-made DEEPAL S05 vehicles left Laem Chabang on December 26, 2025, with Bristol, UK, as the stated destination. This connection between a production base and an export gateway gives logistics suppliers a concrete factory-to-port service requirement. Coordinating finished-vehicle dispatch with maritime handling creates an opening beyond factory-site support, linking logistics work to completed industrial investment.
Digitalization (AI/TMS, IoT Visibility, Smart Warehousing)
Digitalization can expand logistics demand by making complex storage and delivery requirements more manageable within a single service. DHL Supply Chain Thailand opened the Bangna Sustainable Logistics Center on October 14, 2025, with Vertical Lift Module storage, smart energy management, and advanced warehouse-management systems. Integrating these functions gives warehouse operators a basis for coordinating physical capacity with operational information. On January 29, 2026, KEX Express (Thailand) said it had introduced smart sorting and AI routing to improve parcel-delivery speed, accuracy, and safety. For parcel customers, the potential benefit extends from sorting inside the hub to routing beyond it. Digitally coordinated storage, sorting, and routing can make outsourced services usable for buyers needing linked execution across a shipment, expanding demand beyond standalone space or carriage.
Restraints Impact Analysis of Thailand Freight And Logistics Market*
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Persistently High Logistics Cost (~13-14 % of GDP) | -1% | Nationwide | Long term (≥ 4 years) |
| Fuel-Price Volatility and Carbon-Pricing Exposure | -0.8% | Nationwide | Short term (≤ 2 years) |
| Parcel-Carrier Margin Squeeze by E-Commerce Platforms | -0.3% | Nationwide | Medium term (2-4 years) |
| U.S. Tariff Risks on Thai Exports (Autos, Electronics) | -0.2% | Nationwide | Short term (≤ 2 years) |
| Source: Mordor Intelligence | |||
Persistently High Logistics Cost (~13-14 % of GDP)
Thailand’s logistics burden combines transport expenses with the cost of holding and administering goods, limiting room for added distribution charges. The Office of the National Economic and Social Development Council (NESDC) estimated Thailand’s logistics costs at 13.5% of GDP in 2024.[1] The ratio had eased from a preliminary 14.2% in 2023. In 2025, PTG Energy subsidiary PTG Logistics used B100 biodiesel-powered trucks in a backhaul project that reduced fuel consumption by approximately 34,400 liters, or 14% versus its previous transportation model. Estimated transportation costs were 6.5% of GDP against a 13.5% total in 2024, leaving over half the burden outside haulage and limiting haulage savings’ effect on shippers’ logistics bills.
Fuel-Price Volatility and Carbon-Pricing Exposure
War in the Middle East drove a fuel-price shock in Thailand from March 2026, exposing road carriers to volatile operating costs. In May 2026, the Land Transport Federation of Thailand estimated that road freight and logistics activity had fallen 15% to 20% year on year amid high fuel prices and broader cost pressures.[2] That combination constrains carriers through both journey costs and the activity available to cover fixed capacity. Passing fuel costs through to shippers can protect a trip’s economics, but also raises the price of transport. Where shipments weaken simultaneously, higher rates leave operators exposed to underused capacity and customers to expensive distribution.
*Our forecasts treat driver/restraint impacts as directional, not additive. The impact forecasts reflect baseline growth, mix effects, and variable interactions.
Thailand Freight And Logistics Market Segment Analysis
By End User Industry:
Production Scale And Retail Distribution Shape DemandManufacturing accounted for a 32.22% share of the Thailand freight and logistics market size in 2026. The largest segment includes high-volume food production, with Thai manufacturers producing 306,222 metric tons of canned fruit and vegetables from April to June 2026, at between 95,753 and 112,686 metric tons a month. Output of that kind recurs every month, so its dispatch is a continuing requirement independent of whether the manufacturer starts another investment project.
Wholesale and retail trade is forecast to be the fastest-growing segment, at a CAGR of 6.25% during 2027-2032. By November 27, 2025, CJ Logistics had commenced operating a 67,000-square-meter center in Wang Noi, Ayutthaya, supplying ambient, chilled, and frozen products to CP AXTRA’s Makro stores nationwide. By January 28, 2026, Mowi (Thailand) had established salmon pin-boning within CP AXTRA’s temperature-controlled Wang Noi distribution center, with nationwide Makro distribution through a CJ Logistics-operated cold-chain model. This arrangement connects a specialist processing operation with a separate logistics provider’s distribution, making the shared center a link between product preparation and store supply. Mowi’s salmon products reached Makro stores nationwide through the CJ Logistics-operated cold-chain model, so a processing tenant added product flow to the same operator’s store-supply network.
By Logistics Function:
Freight Capacity And Express Throughput Define Different OpportunitiesFreight transport represented a 61.04% Thailand freight and logistics market share in 2026. Thailand had approximately 1.26 million registered trucks at the end of 2025, including non-fixed-route and private trucks.[3] The count includes private trucks, so paid carriers compete with shippers’ own vehicles for the same freight. Coverage and reliability on specific journeys therefore decide which freight reaches commercial carriers.
Courier, express, and parcel (CEP) is forecast to be the fastest-growing segment, at a CAGR of 6.75% during 2027-2032. The International Post Corporation reported that Thailand Post returned to profitability in FY2025, supported by stronger domestic demand and continued parcel and express growth. In February 2026, KEX reported more than 15,000 operating parcel service points throughout Thailand alongside retail-partner expansion of drop-off access. Thailand Post’s EMS revenue grew 2.98% and item volume grew 1.9% year over year in the first half of 2026. Faster revenue than item growth indicates higher EMS revenue per item, complementing wider parcel access with a separate path to service-value growth.
Geography Analysis
The Eastern Seaboard and Eastern Economic Corridor bring factory access and maritime handling into the same logistics service proposition. Chachoengsao links road and rail freight with Bangkok, Chon Buri, Rayong, Suvarnabhumi Airport, and Laem Chabang Port, serving industrial estates with automotive, electronics, agro-industry, and food-processing businesses. The Eastern Seaboard’s Laem Chabang Port in Chon Buri handles general cargo, containers, and cars, with hinterland freight moving by truck, ship, and rail. Within the Eastern Economic Corridor, FedEx unveiled a 4,900-square-meter Laem Chabang facility on February 5, 2025, serving exporters and importers across Chachoengsao, Chon Buri, and Rayong. Industrial-estate collection and international gateway access belong in the same eastern service offer, because factory and port movements share that corridor.
Khon Kaen illustrates how an inland freight destination can be served by combining rail movement with local road delivery. In 2025, SCGJWD Logistics Public Company Limited (SCGJWD) provided rail freight from Laem Chabang to Khon Kaen followed by final short-haul trucking, replacing direct trucking from Lat Krabang’s container yard. SCGJWD described the shift toward rail as part of its environmental, social, and governance strategy, and it coordinated the final short-haul truck leg to customers’ destinations within its own service.
The northern and southern provinces present different investment settings, combining a completed hospital-supply distribution model with a conditional maritime gateway plan. In northern Thailand, DKSH introduced a satellite distribution center model starting in Chiang Mai that shortened medical-equipment deliveries to Northern Thailand hospitals from days to as little as 2 hours. For the southern provinces, the government announced phased Andaman-Gulf links and Ranong Port container expansion on August 9, 2026, while saying existing Ranong infrastructure met demand at that time. The government said the phased southern expansion would depend on cargo volumes, market demand, investment viability, economic opportunities, and local needs. Supply hubs placed close to hospitals support on-demand delivery in the North, while Ranong’s additional maritime capacity depends on trade sufficient to justify infrastructure investment.
Regulatory Framework and Outlook
The selected jurisdictions compare Thailand’s national road-transport framework with Bangkok’s Green List system from the perspective of operators using 6-wheel trucks. The Department of Land Transport oversees road transport under the Land Transport Act and Motor Vehicle Act. The Bangkok Metropolitan Administration administers the local Low Emission Zone and Green List policy. In December 2025, it announced a fiscal-year 2026 plan covering Bangkok’s 50 districts that would restrict vehicles with 6 or more wheels when pollution levels were hazardous.
Regulatory Table of Thailand Freight And Logistics Market
| Decision factor | Thailand | Bangkok |
|---|---|---|
| Primary authority | Department of Land Transport | Bangkok Metropolitan Administration |
| Key instruments or direction | Land Transport Act, Section 23; Motor Vehicle Act | Low Emission Zone and Green List eligibility |
| Commercial effect | Registrar-issued license for covered transport operations | Engine oil and filter maintenance or Euro 5-or-higher eligibility pathway |
| Current policy attractiveness | Medium | Medium |
| Future direction of policy attractiveness | No change | No change |
| Source: Mordor Intelligence | ||
National licensing supports Medium and No change because the Section 23 license is the operative duty for covered transport operations. DLT scheduled a November 25, 2025, consultation on draft journey-data recorder notices that would define covered vehicle classes and device specifications, so any equipment duty depends on the classes the final notice designates. For 6-wheel operators, Medium and No change reflect engine oil and filter maintenance or Euro 5-or-higher eligibility within the Green List restriction announced across all 50 districts for the 2025 dust season. The December 2025 fiscal-year 2026 plan described the same 6-wheel restriction during hazardous pollution, while early LEZ 2.0 goals proposed adding 4-wheel pickups and pre-Euro, Euro 1, and Euro 2 diesel vehicles.
Value Chain Stages
The value chain compares freight arrangement, inbound movement, storage and fulfillment, and final distribution, with supplier earnings attached to the services performed. SCGJWD provides forwarding, transport, warehousing, storage, and fulfillment services in Thailand. LOGISTEED, Ltd. announced that its group company LOGISTEED (Thailand), Ltd. opened a center in Samut Prakan in January 2025 with ambient, air-conditioned, refrigerated, and frozen zones and distributive-processing space.
Value Chain Analysis Table of Thailand Freight And Logistics Market
| Primary activity | Key participants | Value capture | Bottleneck | Resilience response |
|---|---|---|---|---|
| Freight arrangement and forwarding | Freight forwarders such as SCGJWD | Forwarding and coordination service fees | Inconsistent instructions across transport handoffs | Assign responsibility for shipment instructions and handoffs |
| Inbound freight movement | Transport operators such as SCGJWD | Freight transport charges | Capacity and arrival schedules that do not align | Match vehicle assignments with receiving schedules |
| Storage, processing, and fulfillment | Warehouse operators such as SCGJWD and LOGISTEED (Thailand), Ltd. | Storage, handling, processing, and fulfillment fees | Temperature-zone and processing capacity mismatches | Allocate space by handling conditions and coordinate processing with dispatch |
| Final distribution and delivery | Distribution and last-mile operators such as SCGJWD | Distribution and delivery charges | Dispatch sequences that create avoidable delivery work | Group compatible consignments and sequence delivery rounds |
| Source: Mordor Intelligence | ||||
An integrated operator can capture several categories of service revenue, but coordinating the transitions between stages determines whether that breadth becomes useful to a shipper. Multi-temperature storage makes the allocation of suitable space and processing capacity a concrete operational decision, linking warehouse resilience to what arrives and what must leave next. Closer coordination between fulfillment and distribution would shift differentiation toward responsibility for the complete movement, giving suppliers a way to earn from execution across successive stages.
Competitive Landscape
Market Concentration
The field is contested across parcel networks and integrated logistics services, with customer access and service breadth providing different sources of scale. Thailand Post reported that transport and logistics accounted for 51.33% of its company revenue in H1 2026, illustrating the activity’s importance within its wider postal business. DHL Group participates through DHL Supply Chain Thailand, while WSOL announced a Flash Express partnership with SABUY Speed’s franchise network in April 2025. SF Express (KEX-SF) participates through KEX Express (Thailand), while SCGJWD Logistics Public Company Limited agreed with Ruiyun and Golden Line in August 2025 to form a Thailand-China-ASEAN cross-border cargo joint venture. Parcel operators compete through retail and franchise access points, while contract and cross-border providers combine distribution and specialist services around shipper accounts.
DHL Supply Chain Thailand and Berli Jucker Logistics, part of BJC Big C Group, signed a joint venture agreement in November 2025. The agreement targeted a platform serving existing and new customers, particularly healthcare customers, while aiming to upgrade BJC Big C Group’s distribution operations. The agreement links a retailer’s distribution operations with plans for new healthcare accounts, so its competitive effect depends on whether outside healthcare shippers adopt the proposed platform.
Cross-border parcel competition adds a distinction between the local customer interface and the international delivery system. In March 2026, KEX Express (Thailand) reported services spanning more than 65 countries through SF Express’s network, with access at more than 350 KEX shops in Thailand. In that service model, SF Express runs international delivery and destination management, while KEX provides local shop access. Thai Customs requires express-consignment operator applicants to be ready to prepare pre-arrival electronic manifest information and/or expedited-dispatch requests under its standards and timing. Challengers seeking that operator status therefore need customs-data capability as well as delivery reach, making regulatory execution part of the cross-border service proposition.
Thailand Freight And Logistics Industry Leaders
-
Thailand Post
-
DHL Group
-
Flash Express
-
SF Express (KEX-SF)
-
SCGJWD Logistics Public Company Limited
- *Disclaimer: Major Players sorted in no particular order
Thailand Freight And Logistics Market Companies Covered in this Report
- A.P. Moller - Maersk
- CMA CGM Group (Including CEVA Logistics)
- DHL Group
- DSV A/S (Including DB Schenker)
- FedEx
- Flash Express
- J&T Express
- SCGJWD Logistics Public Company Limited
- Kuehne+Nagel
- LEO Global Logistics Public Co., Ltd.
- Nippon Express Holdings
- Profreight Group Co., Ltd.
- SCG Logistics, Ltd.
- SF Express (KEX-SF)
- Sub Sri Thai Public Co., Ltd.
- Thailand Post
- Toyota Tsusho (Thailand) Co., Ltd.
- Triple i Logistics Public Co., Ltd.
- United Parcel Service of America, Inc. (UPS)
- WICE Logistics Public Co., Ltd.
Recent Industry Developments in Thailand Freight And Logistics Market
- Oct 2026: DP World opened an approximately 10,000-square-meter contract logistics distribution center in Bang Na for storage and distribution of high-value and time-sensitive products, including electronics, semiconductors, and automotive cargo.
- Jun 2026: KEX Express (Thailand) and Big C announced plans to expand their jointly operated parcel drop-off and pick-up network to more than 1,700 locations nationwide.
- Mar 2026: Thailand’s Rail Transport Act took effect, opening State Railway of Thailand infrastructure to private providers of passenger and freight services.
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
