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Global Freight Transport Market Rising due to Growing Demand for Heavy Commercial Vehicles

Press Release   •   May 31, 2016 05:55 EDT

Transparency Market Research puts forth an in-depth study of the global freight transport market for readers interested in the market. The research report, titled “Freight Transport Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” gives an accurate assessment of the market. The report is inclusive of all the important statistics and figures regarding the freight transport market. Complete with a SWOT analysis and Porter’s five forces analysis, the research report on the global freight transport market helps its readers formulate strategic decisions pertaining to their businesses.

Freight transport is crucial for the growth of business and industrial activities. An effective supply chain network and transportation form the backbone of every business, as it builds vital channels between different business processes through airways, seaways, roadways and railways. The commonly seen mode of freight transport is freight trucks, without which business and trade activities cannot flourish. They assist in carrying raw materials and finished goods from one place to the other. The increasing use of modern technology, effective communication, and technological advancements are helping freight transport services offer better solutions. The growth of this market largely depends on the quality of service, timeliness of the delivery, reliability, and expertise in freight management and logistics handling.

The global freight transport market is being driven by the growing demand for heavy vehicles such as trailers and trucks. Furthermore, the increasing adoption of new technology such as GPS navigation systems in trucks and hydraulics in railways is also propelling the growth of this market. Additionally, reduction in operational costs, increased efficiency, and safety in freight operations are also fuelling the growth of this market.

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Geographically, Asia Pacific is expected to offer several opportunities for growth of the freight transport market. The growing spread of infrastructure and rising construction activities in the developing nations of Asia Pacific are expected to boost the freight market, as materials and goods will require transportation through roadways and railways. Analysts point out that the growing demand for heavy commercial vehicles in emerging countries such as China and India is likely to drive the freight transport market.

Some of the important players in the global freight transport market are UPS, Descartes System Group, DHL, DSV, JDA Software, CEVA Logistics, DB Schenkerand, SNCF Geodis, Kuehne+Nagel Inc., and Manhattan Associates, among others. The research report offers an insight into the competitive landscape of the global freight transport market by profiling these companies, evaluating their financial overview, listing their product portfolio, analyzing their research and development activities, and anticipating their strategic mergers and acquisitions.

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