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

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

Accordingly, the market is driven by an increase in logistics outsourcing, growth in the manufacturing sector, and an increasing demand for delivery of food, perishables, and medical supplies. Transport logistics is divided by types: road, maritime, rail, and air. This market is also divided by industries: manufacturing, auto, consumer goods, food and beverage… Meanwhile, the analyzed regions are Asia – Pacific, North America, Europe, Middle East and Africa, 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 as 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.

Source: VnExpress