PRESS ROOM

According to the "Freight Management Systems - Global Strategic Business Report" that has been added to ResearchAndMarkets.com's offering, the global freight management systems market, valued at USD 10.8 billion in 2022, is projected to reach USD 19 billion by 2030, with a compound annual growth rate (CAGR) of 7.4% during the forecast period from 2022 to 2030.

As an international logistics service provider with a significant commitment to eCommerce logistics, U-Freight notes that the report indicates that within global freight management systems, growth in eCommerce is driving increased visibility into supply chains.

The report adds that the United States market is estimated at USD 3.8 billion in 2022, while China is forecasted to reach a market size of USD 2.2 billion by 2030, with a CAGR of 9.9%. Japan and Canada are also noteworthy markets, each expected to grow at 4.5% and 7.5%, respectively. Germany, within Europe, is forecasted to grow at approximately 6.6% CAGR.

According to the report, the global economic outlook is showing signs of improvement, with growth recovery expected in the coming years. The United States, although experiencing slowing GDP growth due to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in the Euro area is helping boost real incomes and is contributing to a pick-up in economic activity. China is expected to witness strong GDP growth as the pandemic threat recedes, and India is on track to become a trillion-dollar economy by 2030, surpassing Japan and Germany.

It adds that challenges remain, including slower-than-expected decline in global headline inflation, food and fuel inflation in many developing countries, high retail inflation, and continued impact on consumer confidence and spending. Governments are addressing these challenges, and there is a push to mainstream climate change into economic decisions.

New technologies, including AI, machine learning, quantum technologies, and renewables, are expected to drive growth and value to global GDP in the coming years.

For more information about this report visit https://www.researchandmarkets.com/r/oc1bb9

For more information about the U-Freight Group’s international freight services and eCommerce fulfilment operations, please speak to your usual contact in our company.