The briefing examines how the transport and storage industry is performing globally and in the largest countries in terms of transport and storage output. The report also provides data for production, market size, industry costs, industry profitability and number of companies.
This report comes in PPT.
Following a strong post-pandemic uptick, the growth of the global transport and storage industry is expected to moderate. Slower economic development, especially across advanced economies, accompanied by softer consumer and B2B demand, and weaker investment are likely to result in subdued demand for freight transport services. On the other hand, a more resilient demand for travel is expected to bolster the growth of passenger transport.
Companies continue to face substantial costs pressures stemming from rising wages due to widespread labour shortages, elevated fuel costs amid persisting energy market volatility, rising borrowing and debt servicing costs in the high interest rate environment, coupled with the need to invest into greener solutions.
Amid intensifying sustainability imperatives, transport companies invest in fleet electrification and adoption of low-carbon fuels, intermodal solutions, energy-efficient warehousing and infrastructure modernisation. Despite requiring significant upfront investments, the long-term benefits promise cost reduction and improved operational efficiency.
A surge in online retailing and growing consumer demand for convenience have underscored the importance of last mile logistics. To reduce costs, minimise delivery times and keep pace with evolving consumer preferences, logistics companies focus on expanding fulfilment capacity, delivery fleets and collection points, decentralising warehouse locations and developing urban storage facilities.
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