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The North America freight logistics market size was valued at USD 1.47 billion in 2023. The market is further projected to grow at a CAGR of 2.80% between 2024 and 2032, reaching a value of USD 1.89 billion by 2032.
The growth of the freight logistics market is primarily fuelled by increasing demand for foreign goods in emerging economies, adoption of green logistics solutions, such as electric vehicles, and a highly integrated supply chain network in the United States.
The adoption of advanced technologies like big data analytics, artificial intelligence, Internet of Things (IoT) is transforming the logistics industry, enabling real-time tracking and route optimisation. The surge in trade volumes, fuelled by cross-border trade agreements and globalisation, is also propelling the North America freight logistics market growth.
Among various functions of logistics, courier, express and parcel (CEP) segment caters to the growing demand for fast and reliable delivery services in e-commerce sector in North America. Key players like FedEx, UPS, and DHL dominate this segment, offering a wide range of express delivery options for businesses and consumers alike. Freight forwarding services play a vital role in facilitating international trade by managing the transportation of goods across borders efficiently. Companies like Kuehne + Nagel, DHL Global Forwarding, and DB Schenker provide comprehensive freight forwarding solutions, including customs clearance and supply chain optimisation services.
As per North America freight logistics market analysis, the freight transport sector includes air, sea, rail, and road transportation. Rail transport is a significant player in the region, with companies like Union Pacific and CSX Transportation operating extensive rail networks for freight transportation.
Moreover, there is a rising demand for temperature-controlled warehousing and storage logistics. This type of logistics is essential for industries requiring specialised storage conditions such as pharmaceuticals and food, and beverages. Companies like Lineage Logistics, Americold Realty Trust, and United States Cold Storage offer advanced temperature-controlled storage solutions to meet the stringent requirements of perishable goods.
Freight services are used across different industries within North America as it plays a crucial role in improving their supply chain processes. For instance, the construction sector drives demand for freight logistics services for transporting materials and equipment to construction sites. Logistics play a crucial role in supporting the transportation of minerals and resources from mining and quarrying sites to processing facilities or markets. Agriculture, fishing, and forestry sectors rely on efficient logistics for transporting produce, seafood, timber, and other goods to distribution centres or markets.
North America freight logistics market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Logistics Function
Market Breakup by End Use
Market Breakup by Country
Market players are adopting green logistic solutions with the integration of data analytics to stay ahead in the competition.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Logistics Function |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 1.47 billion.
The market is expected to grow at a CAGR of 2.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1.89 billion by 2032.
The market is being driven due to the surge in e-commerce, demand for efficient last-mile delivery, and expansion of warehousing and logistics stock.
Key trends aiding the market expansion are freight technology innovations, adoption of sustainable practices, such as electric vehicles and eco-friendly packaging, and favourable changes in trade agreements.
Countries considered in the market are United States and Canada.
Based on logistics function, the market segmentations include courier, express and parcel (CEP), freight forwarding, freight transport, and warehousing and storage, among others.
End users, such as construction, manufacturing, oil and gas, mining and quarrying, and agriculture, fishing and forestry are considered in the report.
Key players in the market are Deutsche Post AG, FedEx Corporation, Schenker AG, XPO Inc, DSV A/S, CH Robinson Worldwide Inc, United Parcel Service Inc, Kuehne + Nagel International AG, J B Hunt Transport Services Inc, and Ryder System Inc, among others.
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