The transport logistics market will grow by more than 5.7%

13/02/2023

The global freight logistics market is forecast to grow by more than $319 million between 2022 and 2027, at a CAGR of 5.7%.

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The report “Global Transport Logistics Market 2023-2027” by Global Newswire provides an overall forecast of the freight logistics market, size, trends, growth drivers, and challenges, based on the segmentation. of 25 service providers.

Accordingly, the market is driven by an increase in logistics outsourcing, growth in the manufacturing sector, and increasing demand for the delivery of food, perishables, and medical supplies.

Transport logistics are divided into types: road, maritime, rail, and air. This market is divided into industries: manufacturing, automobile, consumer goods, food, and beverage… Meanwhile, the analyzed regions are Asia - Pacific, North America, Europe, the Middle East, Africa, and South America.

In addition, the growing multimodal transport is also one of the reasons driving the freight logistics market to increase in the next few years. At the same time, the development of the e-commerce industry and the increasing demand for IoT (internet of things) in intelligent transport logistics systems will lead to a great demand in the market.

Analysts have come up with a detailed picture of the market through research, aggregating data from multiple sources. This report helps businesses improve their position in the market with a detailed analysis of some leading freight logistics providers such as Agility Public Warehousing Co. KSCP, CH Robinson Worldwide Inc...

Previously, Research and Markets also forecast that the e-commerce logistics market will reach $568.85 billion by 2022 at a compound annual growth rate (CAGR) of 19.4%. This market is also forecasted by experts to reach USD 1,163.56 billion by 2026 with a CAGR of 19.6%.

The development of digital technology will drive the growth of the e-commerce logistics market in the future. Digital technology in this industry includes electronic tools, automated systems, technological devices, and resources that create processes or store data. The development of digital technology has influenced consumer decisions, increasing the volume of e-commerce goods. Thereby increasing the demand for e-commerce logistics services to transport related products.