Transportation & Logistics - United States

  • United States
  • The logistics costs of Transportation & Logistics market is expected to amount to €2.27tn in 2029, potentially depicting how much the Transportation & Logistics market can grow.
  • Logistics costs is expected to show an annual growth rate (CAGR 2024-2029) of 2.16%, resulting in a projected growth of €2.27tn by 2029.
  • The container port traffic in the United States is projected to amount to 60.43m TEU in 2024.
 
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Analyst Opinion

The Transportation & Logistics market is a pivotal element of the global supply chain, encompassing a diverse range of services designed to facilitate the efficient movement of goods and materials across various channels. This market plays a critical role in ensuring that products reach their destinations promptly and cost-effectively, supporting both domestic and international trade.

In recent years, the market has experienced significant transformations driven by several key factors. The exponential growth of e-commerce has dramatically increased demand for parcel delivery services, pushing logistics providers to enhance their delivery networks and technology solutions. Companies are investing in advanced logistics technologies such as real-time tracking systems, automated sorting facilities, and digital platforms to improve efficiency and provide greater transparency in the supply chain.

The integration of digital solutions is reshaping how transportation and logistics services are delivered. The adoption of IoT, AI, and data analytics allows for more precise management of logistics operations, better route optimization, and improved supply chain visibility. These technologies enable logistics providers to offer more reliable and flexible solutions, which are crucial for meeting the demands of modern consumers and businesses alike.

Sustainability is also becoming a central focus within the market. As environmental concerns and regulatory requirements increase, there is a growing emphasis on reducing the carbon footprint of transportation and logistics operations. Companies are exploring greener alternatives, such as electric vehicles, renewable energy sources, and sustainable packaging materials, to align with global sustainability goals and improve their environmental impact.

The market is characterized by its adaptability and the need to address various challenges, including fluctuating demand, global trade uncertainties, and evolving consumer expectations. Logistics providers are responding by diversifying their service offerings, enhancing their infrastructure, and forming strategic partnerships to better manage these complexities and provide comprehensive solutions that cater to a wide range of needs.

Overall, the Transportation & Logistics market is dynamic and rapidly evolving, driven by technological advancements, changing market demands, and a heightened focus on sustainability. By embracing innovation and adapting to new trends, the sector is well-positioned to support global trade, enhance supply chain efficiency, and meet the growing expectations of businesses and consumers around the world.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on the activities of the Transportation & Logistics market.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting transportation activity due to the non-linear growth of this market

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

Visión general

  • Logistics Cost
  • Container Port Traffic
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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