E-Freight And Logistics Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, Germany, France - Size and Forecast 2024-2028

E-Freight And Logistics Market Size 2024-2028

The e-freight and logistics market size of the market is forecast to increase by USD 29.64 billion, at a CAGR of 16.87% between 2023 and 2028. The E-Freight and Logistics Market is experiencing significant growth due to various factors. Primarily, businesses seek to save both time and money through the use of advanced freight management systems offered by vendors. These systems enable efficient and streamlined logistics processes, reducing the need for manual intervention and minimizing errors. Furthermore, data quality and extensive automation are crucial elements driving market expansion. By leveraging real-time data and automating repetitive tasks, businesses can make informed decisions, optimize their supply chains, and enhance overall operational efficiency.

What will be the size of the E-Freight And Logistics Market During the Forecast Period?

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Market Dynamics

In the realm of modern transportation and logistics, road cars, large boats, and airplanes play crucial roles in global commerce. To enhance efficiency, companies are adopting value-added services and integrated logistics solutions, leveraging global logistics infrastructure and exploring IT potentials such as IoT and artificial intelligence. The evolution towards sustainability is evident with innovations like ZETs (zero-emission trucks) and smart freight logistics systems aimed at reducing fuel costs, labor costs, and maintenance costs. These advancements support initiatives like the Global Sea-to-Air Logistics Hub, optimizing last-mile delivery and enhancing connectivity with e-commerce platforms. As industries embrace Internet of Things (IoT) for smart freight logistics systems, they aim to streamline operations and reduce environmental impact. The integration of AI in logistics promises greater efficiency and predictive capabilities, ensuring seamless operations across global supply chains.

Key Market Driver

The need to save time and money for businesses is notably driving the market. E-freight offers significant time savings as an advantage to the logistics industry, which is also a driving factor in the markets. It can help speed up the process of delivering goods. In addition, E-freight helps reduce the cost of shipping goods and eliminates the need for paperwork and labor-intensive manual procedures.

Moreover, visibility and tracking of shipments can be improved with e-freight, which can be very useful for businesses that depend on the timely delivery of goods. The company benefits from electronic charging by saving time and money, improving communication and visibility, increasing supply chain efficiency, promoting sustainability, improving customer service, helping the company comply with regulations, and securing the future of the company. Hence, such factors will drive market growth during the forecast period.

Significant Market Trend

Service providers utilizing the potential of IT is an emerging trend in the market. Adopting effective information technology has been an important trend in the global market. As a result of the continuous price reduction and the growth of IT potential among the stakeholders in the transport and logistics sector, the industry was encouraged to use more advanced technology.

Moreover, the willingness to incorporate real-time technology that provides updates on the location and status of trucks and cargo into the system to customers and businesses across modes of transportation major companies like FedEx and UPS (United Parcel Service) increased the use of information technology. Such factors will boost market growth during the forecast period. 

Major Market Challenge

High infrastructure costs are major challenges impeding market growth. Freight transport by intermodal transport requires large investments in infrastructure. Investments include the installation of optimal electronic equipment, gantry cranes, and other heavy cranes needed to lift containers at various ports while changing the mode of transportation. For example, every time a cargo container arrives at the port, it must be transferred to either a pallet, wagon, or truck.

In addition, investments are needed to acquire rail and road connections. For example, a port should have a railway so that the railway can transport goods to and from the port. Road networks are also essential for trucks to reach ports easily. These investments are often delayed and time-consuming, which weakens the demand for freight logistics. Thus, the growth market is expected to be hampered by such factors during the forecast period

Key E-Freight And Logistics Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global E-Freight and Logistics Market Customer Landscape

Who are the Major E-Freight and Logistics Market Vendors?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Hellmann Worldwide Logistics SE & Co KG - The company offers services such as airfreight, sea freight, road, rail, contract logistics, CEP services, and others. The key offerings of the company include E Freight and Logistics for B2B and B2C portals.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

• Agility Public Warehousing Co. K.S.C.P
• Allcargo Logistics Ltd.
• Busybees Logistics Solutions Pvt. Ltd.
• C H Robinson Worldwide Inc.
• CEVA Logistics AG
• Delhivery Ltd.
• Deutsche Post AG
• DSV AS
• DTDC Express Ltd.
• Expeditors International of Washington Inc.
• FedEx Corp.
• GEODIS SA
• Kuehne Nagel Management AG
• Mahindra Logistics Ltd.
• Nippon Express Holdings Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the E-Freight And Logistics Market?

The market share growth by the manufacturing segment will be significant during the forecast period. The manufacturing industry is essentially undiversified, and only a small number of product categories are exported. Its primary exports are raw materials and straightforward manufactured goods, as opposed to high-value and complex products that industrialized economies export, such as electronics, machinery, and chemicals.

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The manufacturing segment was valued at USD 2.92 billion in 2018. Manufacturing is the largest segment of the global E-freight and logistics market and will continue to remain the largest segment during the forecast period. The manufacturing sector is a crucial contributor to the GDP of any economy. In order for an economy to achieve better economic growth and move into the upper-middle-income bracket, the country must diversify and modernize its manufacturing sector. The growth of the manufacturing industry gives rise to the need for improved supply chain solutions to deal with the acquisition of important raw materials, the delivery and distribution of finished products to wholesalers and retailers, and the exchange of goods with other market participants. Thus, the growth in the manufacturing industry will drive the demand for improved supply chains and logistics, which, in turn, will propel the growth of the segment in the market in focus during the forecast period.

Which are the Key Regions for the E-Freight And Logistics Market?

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APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in APAC is expected to grow due to the presence of a large consumer base for both food and beverage and healthcare product suppliers. With the rise in disposable incomes and the growing aging population in countries such as Japan, the expenditure on healthcare in this region is witnessing a strong growth rate. This will result in an increase in demand for temperature-controlled healthcare products, such as biopharmaceuticals, vaccines, and clinical trial materials.

Moreover, increased demand for organic food products due to the availability of certified organic dairy products and rising health consciousness among consumers in countries such as China are fueling the demand for cold chain logistics from the healthcare and food industries, as it helps maintain the shelf life as well as the quality of these products. This is further encouraging vendors to invest in APAC and launch new solutions that will help them cater to the growing demand in the market. Furthermore, the availability of low-cost labor and natural resources in developing economies such as India has attracted many global automotive vendors to establish their automotive production and assembly plants in the region. These factors will lead to the growth of the market in this region during the forecast period.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

• Deployment Outlook
  • On-premises
  • Cloud-based

• Application Outlook
  • Manufacturing
  • Automotive
  • Consumer goods
  • Food and beverage
  • Others

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Chile
    • Brazil
    • Argentina

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Market Analyst Overview

In today's dynamic landscape of logistics and transportation, the focus is on fast delivery solutions that meet consumer needs while navigating various shipping types including airways, railways, roadways, and waterways. Ensuring dependable transit amidst congested transit routes requires optimizing loading capacity and minimizing emissions through efficient transportation practices and fuel consumption management. Industries ranging from oil and gas, mining, quarrying, and agriculture to pharmaceuticals and telecommunications rely on robust inventory management and logistics services bolstered by technology investments.

Moreover, the challenges, such as labor shortages underscore the need for sustainable practices and eco-friendly technologies like alternative fuels and electric vehicles. Initiatives like the Belt and Road Initiative drive port infrastructure development and foster international trade through custom clearance and energy and utilities management. As businesses adapt to fluctuating fuel prices and carbon emissions regulations, the integration of sustainable packaging and eco-friendly solutions becomes paramount in achieving environmental stewardship and operational efficiency.

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What are the Key Data Covered in this Market Forecast Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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