After using data from primary as well as secondary sources, market analysts have predicted that the global Freight and Logistics Market Value is going to reach USD 21.13 billion during the forecast period 2022-2030. The estimated growth rate during the forecast period is a CAGR of 4%.
The Freight and Logistics sector deals with the transportation of goods and commodities by road, rail, air, and water. The consistent growth of import and export of commodities across countries, better transportation facilities, and increase in various types of trades have created opportunities for the Freight and Logistics Market in every region of the world.
The important market drivers for the global Freight and Logistics Market Growth are technological advancements in the logistics sector to maintain the supply chain and offer fast delivery, companies going for agreements for better logistic infrastructure, and an increase in the economy leading to increased global trades.
The key players of this sector are investing a huge amount of money for new product launches and research & development works.
Get a Free Sample Report @ https://www.marketresearchfuture.com/sample_request/8698
The global Freight and Logistics Market is divided based on application, service, shipping type, and region.
Based on the shipping type, the market is segmented into waterways, roadways, railways, and airways. The waterways segment is anticipated to occupy the largest Freight and Logistics Market Size. The main factor that will lead to this growth is the constant rise in the demands of perishable foods and the steady growth of cold chain logistics.
Based on service, the global Freight and Logistics Market is further divided into warehousing, packaging, inventory management, transportation, customs clearance, and distribution. The dominant part of the market is occupied by the warehousing sector.
Based on application or end-user, the global Freight and Logistics Market is further divided into healthcare, trade, retail, banking & financial services, public utilities and government sector, energy, manufacturing and construction, telecommunication and media-related, and others. The largest share of this market is occupied by the manufacturing and construction sector. The steady growth of this sector has increased the demands for export and import of different types of machinery, equipment, medical apparatus, and automobile parts.
Enquire For Discount: https://www.marketresearchfuture.com/check-discount/8698
The global Freight and Logistics Market is divided into the regions- North America, South America, Europe, Asia-Pacific, and the Middle East & Africa. The largest Freight and Logistic Market Share is occupied by the Asia-Pacific Region. Due to the continuous growth of the E-commerce and retail sector in the countries such as China and India, the Asia-Pacific Region is going to have substantial growth in the Freight and Logistics Market.
The second-largest share of this market is occupied by Europe as many important players of this sector such as The Maersk Group, DHL, DB Schenker Logistics, and others are located in different parts of Europe.
Browse Full Report @ https://www.marketresearchfuture.com/reports/freight-and-logistics-market-8698
The DHL Group had invested USD 137 million at Cologne-Bonn Airport in 2019. This investment was made for new logistics facilities that include top-notch sorting technology and the latest technologies for cooling and heating of offices and warehouses. The company is planning to invest UD 2.2 billion towards digitalization.
In October 2019, FedEx Express had launched its first drone delivery service to serve the US residents.
Browse More Related Reports: