Freight and Logistics Market – Global Service Size, Share, Trends, Opportunity, and Forecast Segmented By End User Industry (Agriculture, Fishing and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others), By Shipping Type (Airways, Railways, Roadways and Waterways), By Service (Inventory management, Packaging, Warehousing, Transportation, Distribution, Custom clearance and Others), By Region, By Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 16.93 Billion
CAGR (2026-2031)	6.68%
Fastest Growing Segment	Transportation
Largest Market	Asia Pacific
Market Size (2031)	USD 24.95 Billion

Market Overview

The Global Freight and Logistics Market will grow from USD 16.93 Billion in 2025 to USD 24.95 Billion by 2031 at a 6.68% CAGR. The Global Freight and Logistics Market encompasses the strategic planning, execution, and management of goods transportation and storage across international and domestic supply chains via maritime, air, road, and rail networks. This sector is primarily driven by the accelerating expansion of cross-border e-commerce and increasing global manufacturing output, which necessitate reliable and time-sensitive delivery mechanisms to meet consumer demands. According to the International Air Transport Association (IATA), in 2025, global air cargo demand for the full year 2024 increased by 11.3% compared to 2023, underscoring the resilient recovery and intensifying activity within critical trade corridors.

However, a significant challenge impeding market expansion is the volatility of fuel prices combined with geopolitical instability, which frequently disrupts established trade routes and elevates operational costs. These factors create substantial uncertainty in supply chain planning, forcing logistics providers to navigate complex regulatory environments and implement costly contingency measures. Such disruptions not only erode profit margins but also delay the seamless movement of cargo, making it difficult for companies to maintain consistent service levels in a fractured global economic landscape.

Key Market Drivers

The Rapid Expansion of the Global E-commerce Sector acts as a primary catalyst for structural changes in the freight and logistics industry, fundamentally altering how goods are stored and distributed. As consumers increasingly demand rapid fulfillment and transparent tracking, logistics providers are compelled to decentralize distribution networks and enhance last-mile delivery capabilities to reduce lead times. This shift drives significant volume growth, necessitating precise synchronization of inventory across domestic and international borders to handle high-frequency parcel flows. Highlighting the sheer scale of this digital consumption, according to the U.S. Census Bureau, November 2024, in the 'Quarterly Retail E-Commerce Sales' report, U.S. retail e-commerce sales reached an estimated $300.1 billion in the third quarter of 2024 alone, underscoring the immense pressure on infrastructure to support digital trade.

Simultaneously, the Rising Demand for Sustainable and Green Logistics Solutions is forcing the market to pivot from fossil-fuel dependence toward low-carbon technologies to meet regulatory mandates and corporate social responsibility goals. Companies are increasingly investing in fleet electrification and energy-efficient shipping methods to mitigate the environmental impact of supply chains. This transition is evident in the heavy-duty transport sector; according to the International Energy Agency (IEA), April 2024, in the 'Global EV Outlook 2024', global sales of electric trucks increased by 35% in 2023 compared to the previous year, surpassing 54,000 units. Despite the operational costs associated with these green transitions, the broader market continues to expand. According to the United Nations Conference on Trade and Development (UNCTAD), in 2024, global maritime trade volume grew by 2.4% in 2023 to reach 12.3 billion tons, indicating the sector's ability to grow while adapting to new environmental standards.

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Key Market Challenges

The volatility of fuel prices combined with geopolitical instability acts as a significant restraint on the Global Freight and Logistics Market. Regional conflicts and political tensions frequently compromise the security of established trade routes, forcing logistics providers to divert cargo through longer and less efficient paths. This necessity to reroute shipments not only extends delivery timelines but also increases fuel consumption, which becomes particularly burdensome when energy prices are fluctuating. Consequently, operators struggle to manage operational budgets effectively, resulting in eroded profit margins and reduced capital available for infrastructure investment.

This uncertainty directly hampers the consistent movement of international cargo. When key maritime or land corridors become inaccessible, the reduction in trade volume limits the revenue potential for the entire sector. According to the United Nations Conference on Trade and Development (UNCTAD), in 2024, weekly container ship transits through the Suez Canal dropped by approximately 67% compared to the previous year as a direct result of geopolitical disruptions. Such drastic declines in throughput across critical arteries illustrate how instability physically restricts market capacity and slows overall industry expansion.

Key Market Trends

The integration of Artificial Intelligence and predictive analytics is rapidly becoming a cornerstone of the Global Freight and Logistics Market, enabling companies to proactively manage escalating supply chain complexities. As operators face heightened pressure to navigate trade barriers, they are leveraging advanced digital tools to enhance visibility and optimize strategic decision-making. This technological prioritization is evident in industry sentiment; according to Descartes Systems Group, January 2025, in the 'What Companies are Doing to Tackle Escalating Global Supply Chain Challenges' study, 74% of supply chain and logistics leaders surveyed viewed technology as fundamental or highly important to their organization's growth strategy.

Simultaneously, the sector is undergoing a structural transformation driven by supply chain resilience strategies and the fragmentation of established trade corridors. Logistics networks are increasingly bypassing traditional direct routes between geopolitical rivals in favor of diversified intermediaries to mitigate risk. This reconfiguration is quantitatively visible in shifting trade flows; according to DHL, October 2025, in the 'Global Connectedness Tracker', the share of world trade occurring directly between the U.S. and China fell to 2.2% in the first half of 2025, underscoring the significant redirection of cargo toward alternative, more resilient manufacturing hubs.

Segmental Insights

Leading market analysis identifies the Transportation segment as the fastest-growing component of the Global Freight and Logistics Market. This trajectory is primarily propelled by the relentless expansion of the global e-commerce sector, which demands rapid and efficient cross-border shipping solutions. As supply chains densify, the reliance on multi-modal freight services has intensified to meet consumer expectations for speed. Furthermore, frameworks established by the World Trade Organization to minimize international trade barriers have successfully increased global cargo throughput, directly amplifying the operational scope and revenue growth of the transportation sector.

Regional Insights

Asia Pacific holds the leading position in the global freight and logistics market due to its established role as a primary manufacturing center for automotive, electronics, and pharmaceutical industries. This dominance is driven by extensive infrastructure development and the strengthening of international trade routes. Additionally, rapid urbanization and expanding e-commerce activities in major economies necessitate robust warehousing and distribution networks. The implementation of trade frameworks like the Regional Comprehensive Economic Partnership further supports market expansion by streamlining cross-border regulations and improving supply chain integration among participating nations.

Recent Developments

• In September 2024, DSV signed an agreement to acquire DB Schenker from Deutsche Bahn in a transaction valued at EUR 14.3 billion. This acquisition, the largest in the company's history, was set to create a leading global transport and logistics powerhouse with a combined revenue of approximately EUR 39.3 billion. The merger was designed to bolster the company's competitiveness and global network, bringing together a workforce of around 147,000 employees in more than 90 countries. The Group CEO of DSV described the event as transformative, noting that the combined competencies would improve service levels and provide innovative supply chain solutions.
• In July 2024, UPS announced a definitive agreement to acquire Estafeta, a prominent Mexican express delivery company. This strategic acquisition supported the company's initiative to capitalize on the growing role of Mexico in global trade and the shift toward nearshoring manufacturing. By integrating the acquired firm's 45-year legacy and extensive local network with its own global scale, UPS aimed to offer seamless access to international markets for small and medium-sized businesses. The transaction was targeted to close by the end of the year, subject to regulatory approvals, to enhance service efficiency across North America.
• In February 2024, the CMA CGM Group finalized the acquisition of Bolloré Logistics, marking the largest transaction in its history since its formation. With a purchase price of €4.85 billion, this strategic move positioned the combined entity among the top five global logistics providers. The acquisition significantly enhanced the company's logistics division by adding extensive air and ocean freight capacities and a broad network of storage facilities. The integration allowed the company to offer a complete range of services and extend its expertise to new business areas, strengthening its ability to support customers' supply chains globally.
• In February 2024, A.P. Moller - Maersk launched a new fully digital air freight booking solution to simplify supply chain management for its customers. This online tool enabled users to secure air cargo shipments across 70,000 airport pairs in over 90 countries with instant pricing. The platform was designed to offer agility and resilience, allowing businesses to make quick decisions regarding cargo movement in response to market volatility. Furthermore, the solution permitted the integration of value-added services such as customs clearance, providing a seamless, end-to-end logistics experience on a single digital platform.

Key Market Players

• Deutsche Post DHL Group
• United Parcel Service, Inc.
• FedEx Corporation
• Kuehne + Nagel International AG
• DSV A/S
• DB Schenker
• A.P. Moller – Maersk A/S
• C.H. Robinson Worldwide, Inc.
• CEVA Logistics SA
• Nippon Express Co., Ltd.

By End User Industry	By Shipping Type	By Service	By Region
Agriculture Fishing and Forestry Construction Manufacturing Oil and Gas Mining and Quarrying Wholesale and Retail Trade Others	Airways Railways Roadways and Waterways	Inventory management Packaging Warehousing Transportation Distribution Custom clearance and Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Freight and Logistics Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Freight and Logistics Market, By End User Industry:

• Agriculture
• Fishing and Forestry
• Construction
• Manufacturing
• Oil and Gas
• Mining and Quarrying
• Wholesale and Retail Trade
• Others

• Freight and Logistics Market, By Shipping Type:

• Airways
• Railways
• Roadways and Waterways

• Freight and Logistics Market, By Service:

• Inventory management
• Packaging
• Warehousing
• Transportation
• Distribution
• Custom clearance and Others

• Freight and Logistics Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE