The Asia Pacific Freight Transport Market should witness market growth of 11.4% CAGR during the forecast period (2022-2028).
The freight sector is changing due to the technological implications of the new advanced age of information technology and communication advancements, offering more contemporary freight solutions. The rise in the number of vehicles used for transportation worldwide and the significant acceleration of technological adoption point to future market prospects for freight transportation management solutions.
Additionally, the market for freight transportation management is anticipated to be significantly influenced by environmental concerns, the demand for operational efficiencies, and the safety and security of freight operations. There are numerous strategies to reduce transportation expenses in the logistics and freight transportation fields. Consolidating transportation is one approach.
By swapping out large shipments for tiny ones, it is possible to benefit from transportation economies of scale. The process of moving products, goods, and cargo through land, water, or air is known as freight shipping. Truckload, less than truckload (LTL), and intermodal are typical forms of freight shipping over the road. The items that are transported by truck, ship, train, or airplane are referred to as freight.
During the projected period, Asia-Pacific (APAC) is anticipated to dominate the market. The region's road freight transportation market is anticipated to increase as a result of the region's growing population and the welcoming government policies in nations like China and India regarding e-commerce and other businesses. Additionally, the region's developing nations are making significant investments in port construction to increase cargo handling. For instance, more than 90% of India's trade, measured in terms of volume, is carried out by sea, as per the Ministry of Shipping (Government of India).
The China market dominated the Asia Pacific Freight Transport Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4, 439.8 million by 2028.The Japan market is experiencing a CAGR of 10.7% during (2022-2028). Additionally, The India market would exhibit a CAGR of 12% during (2022-2028).
Based on Offering, the market is segmented into Services and Solution. Based on Solution Type, the market is segmented into Freight Security & Monitoring System, Fleet Tracking & Maintenance Solution, Warehouse Management System, Freight Information Management System, Freight Transportation Cost Management, Freight Mobility & Operational Management Solutions and Freight 3PL Solution. Based on Mode of Transport, the market is segmented into Roadways, Railways and Seaways & Airways. Based on Vertical, the market is segmented into Retail & E-commerce, Automotive, Aerospace & Defense, Pharmaceuticals, Energy and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include C.H. Robinson Worldwide, Inc., Deutsche Post DHL Group (The Deutsche Post AG), FedEx Corporation, Kuehne + Nagel International AG (Kuehne Holding AG), United Parcel Service, Inc., SAP SE, Oracle Corporation, Schneider National, Inc., DSV A/S, and Nippon Express Co., Ltd.
The freight sector is changing due to the technological implications of the new advanced age of information technology and communication advancements, offering more contemporary freight solutions. The rise in the number of vehicles used for transportation worldwide and the significant acceleration of technological adoption point to future market prospects for freight transportation management solutions.
Additionally, the market for freight transportation management is anticipated to be significantly influenced by environmental concerns, the demand for operational efficiencies, and the safety and security of freight operations. There are numerous strategies to reduce transportation expenses in the logistics and freight transportation fields. Consolidating transportation is one approach.
By swapping out large shipments for tiny ones, it is possible to benefit from transportation economies of scale. The process of moving products, goods, and cargo through land, water, or air is known as freight shipping. Truckload, less than truckload (LTL), and intermodal are typical forms of freight shipping over the road. The items that are transported by truck, ship, train, or airplane are referred to as freight.
During the projected period, Asia-Pacific (APAC) is anticipated to dominate the market. The region's road freight transportation market is anticipated to increase as a result of the region's growing population and the welcoming government policies in nations like China and India regarding e-commerce and other businesses. Additionally, the region's developing nations are making significant investments in port construction to increase cargo handling. For instance, more than 90% of India's trade, measured in terms of volume, is carried out by sea, as per the Ministry of Shipping (Government of India).
The China market dominated the Asia Pacific Freight Transport Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4, 439.8 million by 2028.The Japan market is experiencing a CAGR of 10.7% during (2022-2028). Additionally, The India market would exhibit a CAGR of 12% during (2022-2028).
Based on Offering, the market is segmented into Services and Solution. Based on Solution Type, the market is segmented into Freight Security & Monitoring System, Fleet Tracking & Maintenance Solution, Warehouse Management System, Freight Information Management System, Freight Transportation Cost Management, Freight Mobility & Operational Management Solutions and Freight 3PL Solution. Based on Mode of Transport, the market is segmented into Roadways, Railways and Seaways & Airways. Based on Vertical, the market is segmented into Retail & E-commerce, Automotive, Aerospace & Defense, Pharmaceuticals, Energy and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include C.H. Robinson Worldwide, Inc., Deutsche Post DHL Group (The Deutsche Post AG), FedEx Corporation, Kuehne + Nagel International AG (Kuehne Holding AG), United Parcel Service, Inc., SAP SE, Oracle Corporation, Schneider National, Inc., DSV A/S, and Nippon Express Co., Ltd.
Scope of the Study
By Offering
- Services
- Solution
- Freight Security & Monitoring System
- Fleet Tracking & Maintenance Solution
- Warehouse Management System
- Freight Information Management System
- Freight Transportation Cost Management
- Freight Mobility & Operational Management Solutions
- Freight 3PL Solution
By Mode of Transport
- Roadways
- Railways
- Seaways & Airways
By Vertical
- Retail & E-commerce
- Automotive
- Aerospace & Defense
- Pharmaceuticals
- Energy
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- C.H. Robinson Worldwide, Inc.
- Deutsche Post DHL Group (The Deutsche Post AG)
- FedEx Corporation
- Kuehne + Nagel International AG (Kuehne Holding AG)
- United Parcel Service, Inc.
- SAP SE
- Oracle Corporation
- Schneider National, Inc.
- DSV A/S
- Nippon Express Co., Ltd.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Freight Transport Market, by Offering
1.4.2 Asia Pacific Freight Transport Market, by Mode of Transport
1.4.3 Asia Pacific Freight Transport Market, by Vertical
1.4.4 Asia Pacific Freight Transport Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements : 2019, Apr - 2022, Oct) Leading Players
Chapter 4. Asia Pacific Freight Transport Market by Offering
4.1 Asia Pacific Services Market by Country
4.2 Asia Pacific Solution Market by Country
4.3 Asia Pacific Freight Transport Market by Solution Type
4.3.1 Asia Pacific Freight Security & Monitoring System Market by Country
4.3.2 Asia Pacific Fleet Tracking & Maintenance Solution Market by Country
4.3.3 Asia Pacific Warehouse Management System Market by Country
4.3.4 Asia Pacific Freight Information Management System Market by Country
4.3.5 Asia Pacific Freight Transportation Cost Management Market by Country
4.3.6 Asia Pacific Freight Mobility & Operational Management Solutions Market by Country
4.3.7 Asia Pacific Freight 3PL Solution Market by Country
Chapter 5. Asia Pacific Freight Transport Market by Mode of Transport
5.1 Asia Pacific Roadways Market by Country
5.2 Asia Pacific Railways Market by Country
5.3 Asia Pacific Seaways & Airways Market by Country
Chapter 6. Asia Pacific Freight Transport Market by Vertical
6.1 Asia Pacific Retail & E-commerce Market by Country
6.2 Asia Pacific Automotive Market by Country
6.3 Asia Pacific Aerospace & Defense Market by Country
6.4 Asia Pacific Pharmaceuticals Market by Country
6.5 Asia Pacific Energy Market by Country
6.6 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Freight Transport Market by Country
7.1 China Freight Transport Market
7.1.1 China Freight Transport Market by Offering
7.1.1.1 China Freight Transport Market by Solution Type
7.1.2 China Freight Transport Market by Mode of Transport
7.1.3 China Freight Transport Market by Vertical
7.2 Japan Freight Transport Market
7.2.1 Japan Freight Transport Market by Offering
7.2.1.1 Japan Freight Transport Market by Solution Type
7.2.2 Japan Freight Transport Market by Mode of Transport
7.2.3 Japan Freight Transport Market by Vertical
7.3 India Freight Transport Market
7.3.1 India Freight Transport Market by Offering
7.3.1.1 India Freight Transport Market by Solution Type
7.3.2 India Freight Transport Market by Mode of Transport
7.3.3 India Freight Transport Market by Vertical
7.4 South Korea Freight Transport Market
7.4.1 South Korea Freight Transport Market by Offering
7.4.1.1 South Korea Freight Transport Market by Solution Type
7.4.2 South Korea Freight Transport Market by Mode of Transport
7.4.3 South Korea Freight Transport Market by Vertical
7.5 Singapore Freight Transport Market
7.5.1 Singapore Freight Transport Market by Offering
7.5.1.1 Singapore Freight Transport Market by Solution Type
7.5.2 Singapore Freight Transport Market by Mode of Transport
7.5.3 Singapore Freight Transport Market by Vertical
7.6 Malaysia Freight Transport Market
7.6.1 Malaysia Freight Transport Market by Offering
7.6.1.1 Malaysia Freight Transport Market by Solution Type
7.6.2 Malaysia Freight Transport Market by Mode of Transport
7.6.3 Malaysia Freight Transport Market by Vertical
7.7 Rest of Asia Pacific Freight Transport Market
7.7.1 Rest of Asia Pacific Freight Transport Market by Offering
7.7.1.1 Rest of Asia Pacific Freight Transport Market by Solution Type
7.7.2 Rest of Asia Pacific Freight Transport Market by Mode of Transport
7.7.3 Rest of Asia Pacific Freight Transport Market by Vertical
Chapter 8. Company Profiles
8.1 SAP SE
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.2 Oracle Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Kuehne + Nagel International AG (Kuehne Holding AG)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Partnerships, Collaborations, and Agreements:
8.3.4.2 Acquisition and Mergers:
8.4 C.H. Robinson Worldwide, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Regional & Segmental Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Partnerships, Collaborations, and Agreements:
8.4.4.2 Acquisition and Mergers:
8.5 United Parcel Service, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Partnerships, Collaborations, and Agreements:
8.5.4.2 Acquisition and Mergers:
8.6 Deutsche Post DHL Group (The Deutsche Post AG)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Recent strategies and developments:
8.6.4.1 Acquisition and Mergers:
8.7 FedEx Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.8 Schneider National, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental Analysis
8.8.4 Recent strategies and developments:
8.8.4.1 Acquisition and Mergers:
8.9 DSV A/S
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.10. Nippon Express Co., Ltd.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental Analysis
Companies Mentioned
- C.H. Robinson Worldwide, Inc.
- Deutsche Post DHL Group (The Deutsche Post AG)
- FedEx Corporation
- Kuehne + Nagel International AG (Kuehne Holding AG)
- United Parcel Service, Inc.
- SAP SE
- Oracle Corporation
- Schneider National, Inc.
- DSV A/S
- Nippon Express Co., Ltd.
Methodology
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