The global demand for Automated Freight Transport Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Automated freight transport is an automated logistics technology that aids in more efficient and secure cargo transportation and contactless delivery. It runs with the help of an automation system. Autonomous freight trains, autonomous shipping vessels, large-scale aircraft drones are examples of automated freight transport. It includes a sophisticated control system that monitors the vehicle's movement, infrastructure, and obstacles. Automated freight transport has brought a positive change in the transportation industry as it helps to identify roadblocks, reduce traffic congestion and save time. It also minimizes carbon footprints. At present, it mostly finds usage in logistic and warehouse operating companies.
Market Dynamics
The automated freight transport market has significant growth potential during the forecast period, and several factors are contributing to its market growth. The key factor driving its market is the digitization of the logistics industry. Another chief growth factor is the emergence of IoT and technological advancement in robotics. The rapidly growing e-commerce industry has positively impacted the automated freight transport market in recent years. The growing need to have more warehouse space and distribution centers will augment its demand. Furthermore, workforce safety's ever-increasing importance is propelling its market growth. On the flip side, high cost and high complexity associated with automated freight transport are major factors restraining the development of the automated freight transport market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automated freight transport. The growth and trends of automated freight transport industry provide a holistic approach to this study.
Market Segmentation
This section of the automated freight transport market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Applications
- Automotive
- Retail
- Aerospace And Defense
- Energy
- Healthcare
- Pharmaceutical
- Others
By Types
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automated Freight Transport market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Automated Freight Transport Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automated freight transport market include CTSI-global, JDA Software, Accenture, FedEx Corporation, Manhattan Associates, SNCF Logistics, Geodis, Descartes System Group, DHL International GmbH, DSV Panalpina. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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