Freight and Logistics Market

Increasing global trade activities in emerging economies are expected to drive market growth

The main reason which is been acting as the driving force which helps in improving the freight and logistics market size is the increase in global trade. Also, the second one is an increase in trade-related agreements along with the global logistics infrastructure. There is some reason why people are using the freight and logistics industry because of the fast delivery and unbroken gap in the supply chain. The increase in infrastructure and construction is one of the main reasons for the growth of the freight and logistics market value.

Additionally, Fast delivery is one which created a drastic change in the freight and logistics market growth. But later on, the rise of e-commerce also created changes in the market value of freight and logistics. The improvement in e-commerce and digital marketing created some changes to grow their market value. Those changes were done by considering the consumer's needs and expectations. They are fast, have free shipping, and competitive pricing. All these paved way for the growth of the freight and logistics market.

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Freight and logistics are transporting goods from one part of the world to the other by trucks, planes, railroad cars, and large ships. Each region is involved with importing and exporting goods. This increased the opportunity for the freight and logistics industries. The increase in E-commerce and infrastructure across Asia- Pacific leads to growth in the market. Also, the infrastructure growth in China and India created growth in the freight and logistics market. The second place for market growth in North America.

When compared to the Asia-Pacific region, other regions don’t have gradual growth. They are lacking in infrastructure growth and the E-commerce and digital sectors also. So the other regions are emerging and trying to push the growth of the freight and logistics market.

Figure 3: GLOBAL FREIGHT AND LOGISTICS MARKET SHARE BY REGION 2021 (%)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Freight and Logistics market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Freight and Logistics industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Freight and Logistics. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Freight and Logistics industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Freight and Logistics industry to benefit customers and expand the market sector. The Freight and Logistics market has recently given medicine some of the most important advantages. Major hair care product market players, including Kuehne+ Nagel (Switzerland), The Maersk Group (Germany), Deutsche Post DHL (Germany), and others, are attempting to increase market demand by funding R&D initiatives.

DSV A/S is a Danish transport and logistics company offering transport services globally by road, air, sea, and train. Since its foundation in 1976 by nine independent Danish haulers, the company has achieved rapid expansion and international presence, predominantly through a series of strategic competitor acquisitions, some of the most important ones being Samson Transport (1997), DFDS Dan Transport Group (2000), J.H.Bachmann (2004), Frans Maas (2006), ABX LOGISTICS (2008) and UTi Worldwide, Inc. in 2016.[1] In April 2019, DSV signed an agreement to acquire Panalpina Welttransport (Holding) AG and the deal was closed in August 2019.

Also, Deutsche Post AG, trading as Deutsche Post DHL Group, is a German multinational package delivery and supply chain management company headquartered in Bonn, Germany. It is one of the world's largest courier companies.[2] The postal division delivers 61 million letters each day in Germany, making it Europe's largest such company. The Parcel division of DHL is a wholly owned subsidiary claimed to be present in over 220 countries and territories.