Freight Transport Market

Freight Transport Market Size, Share, Growth Analysis, By Offering(Solution, Freight Transportation Cost Management, Freight Mobility Solution, Freight Security & Monitoring System), By Mode of Transport(Railways, Roadways, Seaways, Airways), By Vertical(Retail & E-commerce, Automotive, Aerospace & Defense, Pharmaceuticals), By Region(North America, Europe, Asia-Pacific, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG20R2023 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Freight Transport Market Insights

Market Overview:

The market for goods transportation was estimated to be worth USD 28.66 billion in 2021, and from 2022 to 2030, it is expected to increase at a CAGR of 11.3%. The market's expansion is linked to the affordable shipping costs set by suppliers of goods transport services and the many free trade agreements between nations. For instance, Canada and the European Union agreed to a thorough economic trade pact. 98% of the tariffs on European goods traded between Europe and Canada are being eliminated by the Canadian government as a result of this agreement. By lowering commodity prices, which immediately boosts demand for goods transportation, such agreements help the goods transport market expand.

Freight Transport Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
ForecastGrowthRate
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Air Freight & Logistics by segment aggregation, the contribution of the Air Freight & Logistics in Transportation and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Freight Transport was estimated to be valued at US$ XX Mn in 2021.

The Freight Transport Market is estimated to grow at a CAGR of XX% by 2028.

The Freight Transport Market is segmented on the basis of Offering, Mode of Transport, Vertical, Region.

Based on region, the Freight Transport Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Freight Transport Market are CEVA Logistics, FedEx, United Parcel Service of America, Inc., Deutsche Post AG, Schneider National, Inc., Oracle, SAP SE.

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Freight Transport Market

Report ID: UCMIG20R2023

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