Forecasts of the development of the international cargo transportation market
The international freight market plays a key role in the global economy, ensuring the transportation of goods between countries. It is constantly changing under the influence of various factors such as the geopolitical situation, economic trends, changes in consumer demand and others.
Forecasts for 2024-2027:
Growth: The international freight market is expected to grow over the next 3-5 years. The CAGR (annual growth rate) is projected at 2-3%.- Growth factors:
- Global economic recovery: After the COVID-19 pandemic, the global economy is expected to recover, which will lead to an increase in demand for goods and, consequently, for freight transportation.
- The growth of e-commerce: The growth of e-commerce is stimulating demand for international cargo transportation, especially for the delivery of goods from online stores.
- Infrastructure development: The development of transport infrastructure such as ports, roads and railways will contribute to the growth of the freight market.
- Trends:
- Increasing the share of container transportation: Container transportation is expected to grow faster than other types of cargo transportation.
- Development of multimodal transportation: Multimodal transportation combining several modes of transport will become more and more popular.
The use of digital technologies: Digital technologies will play an increasingly important role in supply chain and freight management.
Regional features: - Asia-Pacific region: The Asia-Pacific region is expected to become the fastest growing freight market.
Europe: Europe will remain one of the largest freight markets.
North America: North America will grow at a moderate pace. - Risks:
- Geopolitical tensions: Geopolitical tensions can lead to disruptions in supply chains and negatively affect the freight market.
- Economic downturns: Economic downturns can lead to lower demand for goods and freight.
- Climate change: Climate change can lead to extreme weather events that can negatively affect transport infrastructure.
The international freight market will grow over the next 3-5 years. The growth will be driven by the recovery of the global economy, the growth of e-commerce and infrastructure development. Container shipping is expected to grow faster than other types of cargo transportation. Multimodal transportation and digital technologies will play an increasingly important role.