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The North America freight logistics market size was valued at USD 1.47 million 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 million 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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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Freight Logistics Market Overview
8.1 Key Industry Highlights
8.2 Global Freight Logistics Historical Market (2018-2023)
8.3 Global Freight Logistics Market Forecast (2024-2032)
8.4 Global Freight Logistics Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Freight Logistics Market Overview
9.1 Key Industry Highlights
9.2 North America Freight Logistics Historical Market (2018-2023)
9.3 North America Freight Logistics Market Forecast (2024-2032)
10 North America Freight Logistics Market by Logistics Function
10.1 Courier, Express and Parcel (CEP)
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Domestic
10.1.3.2 International
10.2 Freight Forwarding
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Freight Transport
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Warehousing and Storage
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.4.3 Breakup by Type
10.4.3.1 Temperature Controlled
10.4.3.2 Non-Temperature Controlled
10.5 Others
11 North America Freight Logistics Market by End Use
11.1 Construction
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Manufacturing
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Oil and Gas, Mining and Quarrying
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Agriculture, Fishing and Forestry
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 North America Freight Logistics Market by Country
12.1 United States of America
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Canada
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Deutsche Post AG
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 FedEx Corp.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Schenker AG
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 XPO Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 DSV A/S
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 CH Robinson Worldwide Inc.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 United Parcel Service, Inc.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Kuehne + Nagel International AG
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 J B Hunt Transport Services Inc.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Ryder System Inc.
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Freight Logistics Market: Key Industry Highlights, 2018 and 2032
2. North America Freight Logistics Market: Key Industry Highlights, 2018 and 2032
3. North America Freight Logistics Historical Market: Breakup by Logistics Function (USD Million), 2018-2023
4. North America Freight Logistics Market Forecast: Breakup by Logistics Function (USD Million), 2024-2032
5. North America Freight Logistics Historical Market: Breakup by End Use (USD Million), 2018-2023
6. North America Freight Logistics Market Forecast: Breakup by End Use (USD Million), 2024-2032
7. North America Freight Logistics Historical Market: Breakup by Country (USD Million), 2018-2023
8. North America Freight Logistics Market Forecast: Breakup by Country (USD Million), 2024-2032
9. North America Freight Logistics Market Structure
In 2023, the market reached an approximate value of USD 1.47 million.
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 million 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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