Freight Transport Market Segmentation:
Industry Vertical Segment Analysis
Retail & e-commerce segment is poised to dominate over 35% freight transport market share by 2035. The segment growth can be ascribed to the expansion of e-commerce. The worldwide freight transport industry has been affected by e-commerce in recent years as more and more individuals purchase goods and services online, which has substantially increased the volume of items being sent across the nation.
In addition, the requirement for quicker delivery times is one way that online retail has affected freight transport activities, as a result, many freight transport businesses have had to make investments in new procedures and technology to keep up with demand. For instance, global retail e-commerce revenues reached over USD 5 trillion in 2023.
Mode of Transport Segment Analysis
The roadways segment is set to garner robust market revenue shortly. The volume of freight carried by roads is anticipated to rise between 2020 and 2050, presenting potential as a result of expanding e-commerce deliveries, a greater emphasis on multi-modal connectivity, and increased volume from the fast-moving consumer goods (FMCG) industry.
As per recent data, from around 6 trillion ton-kilometers in 2010 to over 25 trillion ton-kilometers in 2050, there will likely be an even greater growth in road freight transit worldwide.
Our in-depth analysis of the freight transport market includes the following segments:
|
Offering |
|
|
Mode of Transport |
|
|
Industry Vertical |
|
|
Logistics Function |
|
