Freight Transport Management Global Market Report – Market Size, Trends and Global Forecast 2024-2033
The Business Research Company’s Freight Transport Manager Global Market Report 2024: Market Size, Trends and Global Forecast 2024-2033
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LANDON AND GREATER LANDON (UK), June 19, 2024 / EINPresswire.com/ – The global Freight Transport Management market is experiencing rapid growth. Its valuation has risen from $24.54 Billion in 2023 to $27.28 Billion in 2024. This represents a compound annual rate of growth (CAGR) that is 11.2%. This growth is attributed to globalization, population increase, increased demand for goods and service, government initiatives promoting global commerce, and the escalation of freight transportation activities.
Rapid Expansion in the Coming Years
The freight transport market is expected to continue growing, reaching $41.18 billion in 2028 at a CAGR 11.5%. This growth is due to the expansion in trade, the booming e-commerce industry, the complexity of supply chain management, the escalating need for freight management solutions and the increasing transport volumes.
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Major Players Driving Innovation
DHL International GmbH, Amazon Web Services Inc. and other key players are pioneering advances in transport management solutions. Transport management software (TMS), for example, is revolutionizing logistics operations and enhancing efficiency. It also optimizes supply chain processes. WrxFlo, for example, recently launched a sophisticated transport management software designed to streamline global logistic operations across multiple transport modes.
Market Segments
The freight transport market covered by this report is segmented.
1) By Offering: Solution, Services
2) By Deployment: On-Premise, Cloud
3) By Application: Road Freight, Rail Freight, Air Freight, Ocean Freight
4) By End User: Manufacturing, Retailing, Healthcare, Oil And Gas, Food And Beverage, Other End Users
Geographical Insights – Asia-Pacific Leading Growth
North America will lead the freight transport management industry in 2023. Asia-Pacific, however, is expected to be the fastest-growing market during the forecast period. The market report provides comprehensive insights into regional dynamics as well as growth opportunities.
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The TBRC Freight Transport Management Global Market Report for 2024 covers the following information.
1. Market size data: Historical and future
2. Market analysis by region: Asia-Pacific (China), Western Europe, Eastern Europe; North America (USA); South America; Middle East and Africa.
3. Market analysis by country: Australia, Brazil China, France Germany India Indonesia Japan South Korea UK USA
Trends, opportunities and strategies – all this and more.
The Business Research Company’s Freight Transport management Global Market Report 2024 is the most comprehensive report on the market. It provides insights into the size of the freight transport market and its drivers and trends. It also includes information about major players in this market, their revenues, market positioning and growth across geographies. The freight management market report provides you with in-depth insight on opportunities and strategies. The report contains data that can be used by companies to identify segments with the greatest growth potential.
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