North America Freight and Logistics Market Growth, Size, Trends, Revenue and Future Outlook
North America Freight and Logistics Market Size- By End User, By Logistics Function- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: AMIN24110 | Pages: 1 - 159 | Formats*: |
| Category : Automotive & Transportation | |||
North America Freight and Logistics Market Introduction and Overview
According to SPER Market Research, the North America Freight and Logistics Market is estimated to reach USD XX billion by 2033 with a CAGR of 4.79%.
The report includes an in-depth analysis of the North America Freight and Logistics Market, including market size and trends, product mix, distribution channels, and supplier analysis. The processes of moving goods and commodities by rail, trucks, road vehicles, and big boats carrying containers and aircraft are known as freight and logistics. It provides contract logistics, warehousing, value-added services, and sophisticated integrated logistics solutions that are planned and delivered for complex worldwide supply chains. The expansion of the freight and logistics market is being driven by the growth of trade-related agreements, global logistics infrastructure, and technological advancements in the logistics industry for quick delivery and supply chain management.
- November 2022: The German Bobsleigh, Luge, and Skeleton Federation (BSD) and DHL extended their collaboration for an additional four years. The premium and logistics agreement dates back to the winter season of 2014–2015. It covers athlete apparel and sports equipment branding in addition to logistics for all equipment used during the seasons.
- In October 2022: a less-than-truckload service center was established in Chicago by XPO Logistics. In order to handle large quantities, the 150,000 square foot service facility has 264 dock entrances.
Market Opportunities and Challenges
Opportunities: Several factors are now driving the logistics market in North America. The growing demand for imported goods from North American countries, particularly in emerging economies like Indonesia, Thailand, and India, is driving the growth of the logistics sector in the North American region. The demand for commodities in the North American region increased sharply as a result of rising trade volumes among the participating nations.
In addition, the growing e-commerce industry, the development of reverse logistics, and the rise in trade agreements are all factors propelling market expansion. The expansion is also anticipated to be fueled by the emergence of tech-driven logistics services and the expanding use of connected IoT devices.
Challenges: The freight and logistics sector in North America is confronted with a variety of noteworthy challenges, which arise from a confluence of elements including restricted infrastructure, intricate regulations, and changing customer demands. The burden on infrastructure, such as ports, railroads, and highways, which are frequently crowded and antiquated and cause inefficiencies and delays in the flow of commodities, is one of the main problems. Regulatory compliance requirements, such as safety rules and customs processes, often add layers of complexity and expense to the supply chain. Additionally, as e-commerce has grown so quickly, customer behaviour has changed and with it, the need for logistics providers to provide shorter delivery times and more visibility throughout the shipping process.
Market Competitive Landscape
The top five corporations own 16.09% of the fragmented North American freight and logistics market. C.H. Robinson, Deutsche Post DHL Group, FedEx, Kuehne + Nagel, and United Parcel Service are the leading companies in this area.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By End User, By Logistics Function |
| Regions covered | US, Canada, Rest of North America |
| Companies Covered | C.H Robinson, DB Schenker, Deutsche Post, DHL Group DSV A/S (De Sammensluttede Vognmænd af Air and Sea) Expeditors International, FedEx, GXO Logistics, J.B.Hunt, Transport Services Inc. Kuehne + Nagel Ryder Systems, United Parcel Service, XPO Logistics Others, |
COVID-19 Impact on North America Freight and Logistics Market
The COVID-19 pandemic impacted on the North American freight and logistics market. supply chains were disrupted by widespread lockdowns and limitations, which decreased demand for some commodities and changed customer behaviour to online purchasing. Due to customers' desire for contactless delivery choices, this unexpected spike in e-commerce put an unprecedented burden on logistics networks, especially last-mile delivery services. In addition, travel restrictions and border closures made it more difficult for products to move, which made traffic at ports and border crossings already worse. The pandemic also revealed weaknesses in supply networks, which forced businesses to reconsider their sourcing plans and allocate funds for resilience initiatives like digitalization and diverse inventories.
Key Target Audience:
- Manufacturers and Producers
- Retailers and Wholesalers
- E-commerce Companies
- Transportation Companies
- Government Agencies
- Investors and Financial Institutions
- Supply Chain Managers and Professionals
- International Trade Organizations
- Technology Providers
- Consumers
- Others
Our in-depth analysis of the North America Freight and Logistics Market includes the following segments:
| By End User: |
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| By Logistics Function: |
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| By Region: |
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Key Topics Covered in the Report:
- North America Freight and Logistics Market Size (FY’2024-FY’2033)
- Overview of North America Freight and Logistics Market
- Segmentation of North America Freight and Logistics Market By End User (Agriculture, Fishing and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others)
- Segmentation of North America Freight and Logistics Market By Logistics Function (Courier, Express and Parcel, Freight Forwarding, Warehousing and Storage)
- Expansion Analysis of North America Freight and Logistics Market
- Problems and Obstacles in North America Freight and Logistics Market
- Competitive Landscape in the North America Freight and Logistics Market
- Impact of COVID-19 and Demonetization on North America Freight and Logistics Market
- Details on Current Investment in North America Freight and Logistics Market
- Competitive Analysis of North America Freight and Logistics Market
- Prominent Players in the North America Freight and Logistics Market
- SWOT Analysis of North America Freight and Logistics Market
- North America Freight and Logistics Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the North America Freight And Logistics Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Freight And Logistics Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Freight And Logistics Market
7. North America Freight And Logistics Market, By End User (USD Million)
7.1. North America Freight And Logistics Market Value Share and Forecast, By End User, 2024-20337.2. Agriculture, Fishing and Forestry7.3. Construction7.4. Manufacturing7.5. Oil and Gas, Mining and Quarrying7.6. Wholesale and Retail Trade7.7. Others
8. North America Freight And Logistics Market, By Logistics Function (USD Million)
8.1. North America Freight And Logistics Market Value Share and Forecast, By Logistics Function, 2024-20338.2. Courier, Express and Parcel8.2.1. By Destination Type
(a) Domestic(b) International(c) Freight Forwarding
8.2.2. By Mode of Transport
(a) Air(b) Pipelines(c) Rail(d) Road(e) Sea and Inland Waterways
8.2.3. Warehousing and Storage8.2.4. By Temperature Control(a) Non-Temperature Control(b) Temperature Controlled
9. North America Freight And Logistics Market Forecast, 2020-2033 (USD Million)
9.1. North America Freight And Logistics Market Size and Market Share
10. North America Freight And Logistics Market, By End User, 2020-2033 (USD Million)
10.1. North America Freight And Logistics Market Size and Market Share By End User (2020-2026)10.2. North America Freight And Logistics Market Size and Market Share By End User (2027-2033)
11. North America Freight and Logistics Market, By Logistics Function, 2020-2033 (USD Million)
11.1. North America Freight And Logistics Market Size and Market Share By Logistics Function (2020-2026)11.2. North America Freight And Logistics Market Size and Market Share By Logistics Function (2027-2033)
12. North America Freight And Logistics Market, By Region, 2020-2033 (USD Million)
12.1. North America Freight And Logistics Market Size and Market Share By Region (2020-2026)12.2. North America Freight And Logistics Market Size and Market Share By Region (2027-2033)12.3. US12.4. Canada12.5. Rest of North America
13. Company Profile
13.1. C.H Robinson13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. DB Schenker13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Deutsche Post DHL Group13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. DSV A/S (De Sammensluttede Vognmænd af Air and Sea)13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Expeditors International13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. FedEx13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. GXO Logistics13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. J.B.Hunt Transport Services Inc.13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Kuehne + Nagel13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Ryder Systems13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. United Parcel Service13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments13.12. XPO Logistics13.12.1. Company details13.12.2. Financial outlook13.12.3. Product summary13.12.4. Recent developments13.13. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
North America Freight and Logistics Market is projected to reach USD XX billion by 2033, growing at a CAGR of 4.79% during the forecast period.
North America Freight and Logistics Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 4.79% during the forecast period.
North America Freight and Logistics Market CAGR of 4.79% during the forecast period.
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North America Freight and Logistics Market size is XX billion from 2024 to 2033.
"North America Freight and Logistics Market Segment is covered By End User, By Logistics Function"
The North America is anticipated to have the highest market share in the North America Freight and Logistics Market.
The key players in the market include Companies Covered C.H Robinson, DB Schenker, Deutsche Post, DHL Group DSV A/S (De Sammensluttede Vognmænd af Air and Sea) Expeditors International, FedEx, GXO Logistics, J.B.Hunt, Transport Services Inc. Kuehne + Nagel Ryder Systems, United Parcel Service, XPO Logistics Others,
customer behaviour has changed and with it, the need for logistics providers to provide shorter delivery times and more visibility throughout the shipping process.
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