Freight and Logistics Market: By Function, By End User, Other End Users ) and Region Forecast 2020-2031
Freight and Logistics Market: By Function, By End User, Other End Users ) and Region Forecast 2020-2031
Freight And Logistics Market size was valued at US$ 14.0 billion in 2024 and is expected to reach US$ 18.8 billion by 2031, growing at a significant CAGR of 4.30% from 2025-2031. The global market provides a detailed overview of the market, which has been segmented by function, end-user, and distribution trade. By function, the market has been segmented into Freight Transport, Freight Forwarding, Warehousing, Value-added Services, and Other Functions.
The Warehousing segment is likely the most significant and fastest-growing segment in terms of function. By end user, the market has been segmented into Manufacturing and Automotive, Oil and Gas, Mining, Quarrying, Agriculture, Fishing, and Forestry, Construction. The manufacturing and Automotive segment will hold a significant revenue share in 2021. By Distribution Trade, the market has been segmented into Wholesale and Retail Segments – FMCG included. Wholesale accounted considerable revenue share over the forecast period.
Study Period
2025-2031Base Year
2024CAGR
4.3%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
Growing trade operations in developing nations, increased trade-related agreements, and global logistics infrastructure, coupled with technology improvements in the logistics industry for fast delivery and supply chain, are driving the international freight and logistics industry.
The Asia Pacific market is expected to witness the largest market share during the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2024 |
US$ 14.0 billion |
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Market Size in 2031 |
US$ 18.8 billion |
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Market CAGR |
4.3% |
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By Function Type |
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By End User |
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By Region |
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The freight and logistics market size was valued at US$ 14.0 billion in 2024 and is expected to reach US$ 18.8 billion by 2031, growing at a significant CAGR of 4.30% from 2025-2031
The freight and logistics market are Dsv Global Transports and Logistics (Denmark), Deutsche Post DHL (Germany), Kuehne+ Nagel (Switzerland), The Maersk Group (Germany), DB Schenker Logistics (Germany), Panalpina (Switzerland), Walmart Group (US), United Parcel Service (UPS), FedEx Corp. (US), C.H. Robinson (US), Nippon Express (Japan).
Asia Pacific is the fastest-growing region for freight and logistic market
| 1. Executive Summary |
| 2. Global Freight and Logistics Market Introduction |
| 2.1. Global Freight and Logistics Market - Taxonomy |
| 2.2. Global Freight and Logistics Market -Definitions |
| 2.2.1. Function |
| 2.2.2. End User |
| 3. Global Freight and Logistics Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Freight and Logistics Market Dynamic Factors - Impact Analysis |
| 3.6. Global Freight and Logistics Market - Competition Landscape |
| 4. Global Freight and Logistics Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Freight and Logistics Market, By Function, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.1. Freight Transport |
| 5.1.1. Road |
| 5.1.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.1.3. Market Opportunity Analysis |
| 5.1.2. Inland Water |
| 5.1.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.2.3. Market Opportunity Analysis |
| 5.1.3. Air |
| 5.1.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3.3. Market Opportunity Analysis |
| 5.1.4. Rail |
| 5.1.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.4.3. Market Opportunity Analysis |
| 5.2. Freight Forwarding |
| 5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Warehousing |
| 5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Value-added Services |
| 5.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Other Functions |
| 5.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Freight and Logistics Market, By End User, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 6.1. Manufacturing and Automotive |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Oil and Gas, Mining, and Quarrying |
| 6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Agriculture, Fishing, and Forestry |
| 6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Construction |
| 6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Distributive Trade (Wholesale and Retail Segments - FMCG included) |
| 6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Other End Users (Telecommunications and Pharmaceuticals) |
| 6.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Freight and Logistics Market Forecast, By Region, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Freight and Logistics Market - Opportunity Analysis Index, By Function, End User and Region, 2024 - 2030 |
| 8. North America Freight and Logistics MarketAnalysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 8.1. By Function Analysis 2020 - 2024 and Forecast 2025 - 2031by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Freight Transport |
| 8.1.1.1. Road |
| 8.1.1.2. Inland Water |
| 8.1.1.3. Air |
| 8.1.1.4. Rail |
| 8.1.2. Freight Forwarding |
| 8.1.3. Warehousing |
| 8.1.4. Value-added Services |
| 8.1.5. Other Functions |
| 8.2. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Manufacturing and Automotive |
| 8.2.2. Oil and Gas, Mining, and Quarrying |
| 8.2.3. Agriculture, Fishing, and Forestry |
| 8.2.4. Construction |
| 8.2.5. Distributive Trade (Wholesale and Retail Segments - FMCG included) |
| 8.2.6. Other End Users (Telecommunications and Pharmaceuticals) |
| 8.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Freight and Logistics Market - Opportunity Analysis Index, By Function, End User, and Country, 2024 - 2030 |
| 8.5. North America Freight and Logistics Market Dynamics - Trends |
| 9. Europe Freight and Logistics Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 9.1. By Function Analysis 2020 - 2024 and Forecast 2025 - 2031by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Freight Transport |
| 9.1.1.1. Road |
| 9.1.1.2. Inland Water |
| 9.1.1.3. Air |
| 9.1.1.4. Rail |
| 9.1.2. Freight Forwarding |
| 9.1.3. Warehousing |
| 9.1.4. Value-added Services |
| 9.1.5. Other Functions |
| 9.2. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Manufacturing and Automotive |
| 9.2.2. Oil and Gas, Mining, and Quarrying |
| 9.2.3. Agriculture, Fishing, and Forestry |
| 9.2.4. Construction |
| 9.2.5. Distributive Trade (Wholesale and Retail Segments - FMCG included) |
| 9.2.6. Other End Users (Telecommunications and Pharmaceuticals) |
| 9.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe Freight and Logistics Market - Opportunity Analysis Index, By Function, End User, and Country, 2024 - 2030 |
| 9.5. Europe Freight and Logistics Market Dynamics - Trends |
| 10. Asia-Pacific Freight and Logistics Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 10.1. By Function Analysis 2020 - 2024 and Forecast 2025 - 2031by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Freight Transport |
| 10.1.1.1. Road |
| 10.1.1.2. Inland Water |
| 10.1.1.3. Air |
| 10.1.1.4. Rail |
| 10.1.2. Freight Forwarding |
| 10.1.3. Warehousing |
| 10.1.4. Value-added Services |
| 10.1.5. Other Functions |
| 10.2. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Manufacturing and Automotive |
| 10.2.2. Oil and Gas, Mining, and Quarrying |
| 10.2.3. Agriculture, Fishing, and Forestry |
| 10.2.4. Construction |
| 10.2.5. Distributive Trade (Wholesale and Retail Segments - FMCG included) |
| 10.2.6. Other End Users (Telecommunications and Pharmaceuticals) |
| 10.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Freight and Logistics Market - Opportunity Analysis Index, By Function, End User, and Country, 2024 - 2030 |
| 10.5. Asia-Pacific Freight and Logistics Market Dynamics - Trends |
| 11. Latin America Freight and Logistics Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 11.1. By Function Analysis 2020 - 2024 and Forecast 2025 - 2031by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Freight Transport |
| 11.1.1.1. Road |
| 11.1.1.2. Inland Water |
| 11.1.1.3. Air |
| 11.1.1.4. Rail |
| 11.1.2. Freight Forwarding |
| 11.1.3. Warehousing |
| 11.1.4. Value-added Services |
| 11.1.5. Other Functions |
| 11.2. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Manufacturing and Automotive |
| 11.2.2. Oil and Gas, Mining, and Quarrying |
| 11.2.3. Agriculture, Fishing, and Forestry |
| 11.2.4. Construction |
| 11.2.5. Distributive Trade (Wholesale and Retail Segments - FMCG included) |
| 11.2.6. Other End Users (Telecommunications and Pharmaceuticals) |
| 11.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Freight and Logistics Market - Opportunity Analysis Index, By Function, End User, and Country, 2024 - 2030 |
| 11.5. Latin America Freight and Logistics Market Dynamics - Trends |
| 12. Middle East and Africa Freight and Logistics Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, USD Mn) |
| 12.1. By Function Analysis 2020 - 2024 and Forecast 2025 - 2031by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Freight Transport |
| 12.1.1.1. Road |
| 12.1.1.2. Inland Water |
| 12.1.1.3. Air |
| 12.1.1.4. Rail |
| 12.1.2. Freight Forwarding |
| 12.1.3. Warehousing |
| 12.1.4. Value-added Services |
| 12.1.5. Other Functions |
| 12.2. End User Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Manufacturing and Automotive |
| 12.2.2. Oil and Gas, Mining, and Quarrying |
| 12.2.3. Agriculture, Fishing, and Forestry |
| 12.2.4. Construction |
| 12.2.5. Distributive Trade (Wholesale and Retail Segments - FMCG included) |
| 12.2.6. Other End Users (Telecommunications and Pharmaceuticals) |
| 12.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Freight and Logistics Market - Opportunity Analysis Index, By Function, End User, and Country, 2024 - 2030 |
| 12.5. MEA Freight and Logistics Market Dynamics - Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Technology & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. C.H. Robinson |
| 13.2.2. Ceva Logistics |
| 13.2.3. DHL |
| 13.2.4. Expeditors |
| 13.2.5. FedEx |
| 13.2.6. Geodis |
| 13.2.7. J.B. Hunt Transport Services |
| 13.2.8. Kuehne + Nagel |
| 13.2.9. Lineage Logistics |
| 13.2.10. Penske Logistics |
| 13.2.11. Ryder Supply Chain Solutions |
| 13.2.12. UPS |
| 13.2.13. XPO Logistics |
| 13.2.14. Toll Holdings Limited |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
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