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Freight Transport Market Size

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Report ID: 6060
Published Date: Nov 08, 2024
Report Format: PDF, PPT

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Freight Transport Market Size

Freight Transport Market size was valued at USD 37.08 billion in 2024 and is set to exceed USD 142.31 billion by 2037, expanding at over 10.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of freight transport is evaluated at USD 40.31 billion..

The increasing international trade is likely to boost the freight transport market demand for freight transport which is essential to moving commodities from ports to their actual destinations. According to the World Trade Organization (WTO), following a 1.2% decline in 2023, the volume of global merchandise trade is projected to rise by 2.6% in 2024 and 3.3% in 2025.

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Freight Transport Market Size & Share, Growth Report 2037

Author Credits: Saima Khursheed

Report ID: 6060
Published Date: Nov 08, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of freight transport is evaluated at USD 40.31 billion.

The freight transport market size was valued at USD 37.08 billion in 2024 and is set to exceed USD 142.31 billion by 2037, expanding at over 10.9% CAGR during the forecast period i.e., between 2025-2037. The increasing international trade will boost the market demand.

North America industry is set to hold largest revenue share of 40% by 2037, due to rising shipment of goods in the region.

The major players in the market include CEVA Logistics, CJ Logistics Corporation, United Parcel Service of America Inc., Kuehne + Nagel International AG, Schneider National Inc., Oracle Inc., SAP SE, C.H. Robinson Worldwide Inc., Kerry Logistics Network Limited

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