The size of the Freight Transport Market was USD 31.91 billion in 2022 and is projected to reach USD 76.23 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.5% during the forecast period from 2023 to 2030.
In the year 2022, the Freight Transport Market recorded a valuation of USD 31.91 billion. However, this figure is expected to witness a substantial surge in the coming years, reaching an impressive USD 76.23 billion by 2030. This growth trajectory signifies a remarkable compound annual growth rate (CAGR) of 11.5% over the forecast period spanning from 2023 to 2030.
The Freight Transport Market, a vital sector within the transportation industry, is poised for significant expansion in the near future. With a projected CAGR of 11.5%, this market is expected to experience substantial growth, reaching a staggering valuation of USD 76.23 billion by 2030. This upward trend highlights the increasing demand for efficient freight transportation services and presents lucrative opportunities for industry players.
By 2030, the Freight Transport Market is anticipated to witness remarkable growth, with its size soaring to USD 76.23 billion. This projection reflects a robust compound annual growth rate (CAGR) of 11.5% over the forecast period from 2023 to 2030. As the demand for freight transportation services continues to surge, this market is set to expand significantly, offering immense potential for businesses operating within the sector.
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KEY MARKET SEGMENTS
By Offering
§ Solutions
§ Services
By Transport Mode
§ Roadways
§ Railways
§ Seaways
§ Airways
By Vertical
§ Retail E-commerce
§ Pharmaceuticals
§ Energy
§ Automotive
§ Aerospace Defense
§ Others
Key Players
The Freight Transport Market size was USD 31.91 billion in 2022 and is expected to Reach USD 76.23 billion by 2030 and grow at a CAGR of 11.5 % over the forecast period of 2023–2030.
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