Freight Transport Market Size | Trends & Forecast 2025

Q: What is the current size of the freight transport market in USD?

As of 2024, the freight transport market is valued at approximately USD 34.8 billion.

Q: What is the projected size of the freight transport market by 2031?

The freight transport market is expected to reach about USD 57.2 billion by 2031.

Q: What is the growth rate (CAGR) of the freight transport market from 2024 to 2031?

The freight transport market is projected to grow at a CAGR of 7.1% from 2024 to 2031.

Q: What are the key drivers contributing to the growth of the freight transport market?

Key drivers include e-commerce expansion, cross-border trade growth, and infrastructure development.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA4546

Publication Date: Jun 2025

What is the Freight transport Market Size?

According to 6Wresearch internal database and industry insights, the Global Freight transport market was valued at USD 34.8 billion in 2024 and is anticipated to exceed USD 57.2 billion by 2031, registering a steady at a CAGR of 7.2% during the forecast period.

The freight transport market encompasses the movement of goods through various modes including road, rail, air, and sea. It plays a vital role in facilitating global trade, supporting supply chain logistics, and enabling distribution networks across regions. Increasing globalization, expansion of e-commerce, and infrastructural development are major contributors to market expansion.

Major Growth Factors of the Freight transport Industry

Growth of e-commerce and retail sectors
Expansion of cross-border trade
Technological advancements in logistics
Rising demand for intermodal transport solutions
Government initiatives for infrastructure development
Increased investment in automation and digitization
Surge in demand for cold chain and time-sensitive delivery

Freight transport Market Trends

The freight transport market is experiencing rising integration of digital platforms, real-time tracking, and route optimization technologies. Sustainability trends are driving the adoption of green logistics and electric freight vehicles. There's a growing shift toward multimodal transport solutions to improve delivery efficiency and cost-effectiveness.

Emerging Developments in the Freight transport Industry

Autonomous delivery systems and AI-powered logistics are transforming traditional freight operations. Investments in hyperloop and drone-based transport are on the rise. Major logistics players are collaborating with tech companies to develop smart freight networks and enhance last-mile connectivity.