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Freight Transport Management Market Size Forecast 2020 to 2024 | Industry Top Key Players, Trends, Dynamics, Growth Statistics, Opportunities by Business Plans

Freight Transport Management

New Research Report on “Freight Transport Management Market” presents an in-depth analysis of Freight Transport Management which includes market size, share, growth, and demand forecast until 2024 (in USD billion). The report sheds light on latest market developments and prominent trends of the market. Freight Transport Management market report includes research methodology, value chain analysis, industry analysis by the power of suppliers and consumers. Freight Transport Management market report also includes new upcoming technology of Freight Transport Management Industry that will help our clients.

Freight Transport Management Market Covers Major Key Players:

Freight Transport Management Market Covers manufacturers on the basis of market status, production, consumption, and forecast details.

  • JDA Software
  • Manhattan Associates
  • CTSI
  • Global
  • Accenture PLC
  • Descartes Systems Group Inc.
  • DSV A/S
  • HighJump
  • CEVA Logistics
  • DB Schenker
  • Geodis

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    Market Overview:

  • The freight transport management market is expected to register a CAGR of 9.8 % during the forecast period (2019 – 2024). Intermodal transportation is an emerging trend in the market which uses more than one mode of transportation. Due to globalization, companies are trading at the international level which requires safer, more flexible, and high capacity transportation options.
  • – Improved operational efficiency in the movement of freight is a critical aspect of any country’s economy. The demand for goods and services is increasing, with the increase in population and globalization. To overcome various environmental concerns and security aspects of their operations, many shipping companies are opting for freight transport management solutions.
  • – Technological advancements have led to innovative ways of conceptualizing the process along with the development of new efficiencies. In the rising sectors, the emergence of information networks with quick contacts and transaction times along with more reliable shipments is projected to drive the freight transport market growth.
  • – A challenge for the freight transport market growth is the high complexity and inefficiency of shipping and delivering goods and controlling cost. Furthermore, the risk associated with cross border transportation is projected to restrain the growth of the freight transport market.

    Scope of the Report:

    Freight transport management is the physical process of transporting commodities and merchandise goods and cargo by land, sea, or air. With mobility solution which is making rapid inroads into the logistics industry, the traditional landscape of the manual processes is getting replaced with automation impacting the standardized processes and workflows. Moreover, proper sharing and integration of data will substitute for full-scale control in the market.

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    Key Market Trends:

    Rail Freight to Account for a Significant Demand for Freight Management Solutions

    – The rail freight transportation has had advantages over other modes in the areas of environmental performance, land use, energy consumption, and safety. Therefore, with the increased preference, the rail logistics environment has got complex and difficult to navigate, and companies need both rail cargo industry experience and information technology systems to manage them.
    – This has resulted in the advent of a wide range of rail freight transportation management solutions, specifically designed for small freight trains, intermodal lines, and private factory rails that are challenged by the increasing operational complexity and a growing need to automate and/or streamline processes. The companies, such as DXC Technology and Goal Systems are inclining their product portfolio according to these needs.
    – Moreover, the higher demand for rail freight transports will be the primary growth enabler for the market, specifically in the OECD countries. Owing to this, the rail freight transport management solutions are expected to witness a considerable growth over the forecast period.

    North America is Expected to Hold a Major Share in Market

    – The United States is estimated to make a major contribution in the region. The share is attributed to the rise in the retail sector due to many firms moving toward the online channel. With an advancement of technology in IT and cloud computing sector, the United States is continuously growing in the freight transport business.
    – With globalization, owing to the growing digitalization and increasing adoption of Internet of Things (IoT) by various industries, the North American freight transport management solution market picked up momentum, especially in the United States. The road freight transportation market in North America is one of the matured markets in the world.
    – Almost 70% of the freight movement (in tonnage) in the United States is done by trucks and is expected to increase by 45% by 2040, requiring additional highways, railroads, ports, and pipelines and improvements to multi-modal connections that move freight efficiently, according to the US Department of Transportation.
    – With an advancement of technology in the IT and cloud computing sector, the United States is continuously growing in the freight transport business.

    Freight Transport Management Market Report contents include:

    • Analysis of the laboratory balance market including revenues, future growth, market outlook
    • Historical data and forecast
    • Regional analysis including growth estimates
    • Analyzes the end user markets including growth estimates.
    • Profiles on laboratory balance including products, sales/revenues, and market position
    • Market structure, market drivers and restraints.

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    Detailed TOC of Freight Transport Management Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Rising Freight Transportation due to Increasing International Trade
    4.3.2 Inclination of Growth toward Information Technology
    4.4 Market Restraints
    4.4.1 High Capital Investment due to Implementation of New Technologies
    4.4.2 Risk and Congestion Associated with Trade Routes
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Solution
    5.1.1 Freight Transportation Cost Management
    5.1.2 Freight Security and Monitoring System
    5.1.3 Freight Mobility Solution
    5.1.4 Warehouse Management System
    5.1.5 Freight 3PL Solutions
    5.1.6 Other Solutions
    5.2 By Deployment
    5.2.1 Cloud
    5.2.2 On-premise
    5.3 By Mode of Transport
    5.3.1 Rail Freight
    5.3.2 Road Freight
    5.3.3 Waterborne Freight
    5.3.4 Air Freight
    5.4 By End User
    5.4.1 Aerospace and Defense
    5.4.2 Automotive
    5.4.3 Oil and Gas
    5.4.4 Consumer and Retail
    5.4.5 Energy and Power
    5.4.6 Other End Users
    5.5 Geography
    5.5.1 North America
    5.5.2 Europe
    5.5.3 Asia-Pacific
    5.5.4 South America
    5.5.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 JDA Software
    6.1.2 Manhattan Associates
    6.1.3 CTSI – Global
    6.1.4 Accenture PLC
    6.1.5 Descartes Systems Group Inc.
    6.1.6 DSV A/S
    6.1.7 HighJump
    6.1.8 CEVA Logistics
    6.1.9 DB Schenker
    6.1.10 Geodis

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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