What Fueled The Previous Growth In The Managed Transportation Services Market?
The managed transportation services market has seen considerable growth due to a variety of factors.
• The managed transportation services market has grown rapidly in recent years. It is expected to rise from $13.03 billion in 2024 to $15.48 billion in 2025, growing at a CAGR of 18.8%.
This growth is driven by e-commerce growth, rising fuel costs, increased transportation management costs, demand for flexibility, and optimization of transportation networks.
How Does the Forecast Look for the Managed Transportation Services Market?
The managed transportation services market is expected to maintain its strong growth trajectory in upcoming years.
• The managed transportation services market will grow to $30.45 billion by 2029, at a CAGR of 18.4%.
Growth drivers include demand for real-time freight visibility, efficient route planning, digital transformation, and enhanced customer service. Trends include AI and machine learning adoption, real-time tracking, omnichannel logistics, and blockchain technology integration.
What Are The Leading Drivers Of Growth In The Managed Transportation Services Market?
The expansion of the manufacturing sector is expected to drive the growth of the managed transportation services market. This sector is growing due to automation, global trade agreements, enhanced international relations, and infrastructure development. Managed transportation services are crucial for optimizing logistics and transportation in the manufacturing industry, leading to cost savings and greater operational efficiency. For example, Canada saw a 17.9% increase in manufacturing sales in 2022, according to Statistics Canada in February 2023, contributing to growth in the managed transportation services market.
How Are The Segments Defined Within The Global Managed Transportation Services Market?
The managed transportation services market covered in this report is segmented –
1) By Service Type: Planning And Optimization, Execution And Operations, Freight Audit And Payment, Reporting And Analytics, Consulting Services
2) By Application: Roadways, Railways, Waterways, Airways
3) By End Use Industry: Manufacturing, Retail, Healthcare And Pharmaceuticals, Food And Beverages, Automotive, E-Commerce, Other End Use Industries
1) By Planning and Optimization: Route Planning Or Load Optimization or Network Design and Optimization
2) By Execution and Operations: Freight Forwarding or Shipment Tracking Or Transportation Execution
3) By Freight Audit and Payment: Invoice Verification Or Payment Processing Or Freight Cost Auditing
4) By Reporting and Analytics: Performance Reporting or Data Analytics for Freight Movement or Real-Time Monitoring and Reporting
5) By Consulting Services: Supply Chain Optimization or Transportation Strategy Consulting or Regulatory Compliance Consulting
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What Emerging Trends Are Influencing The Growth Of The Managed Transportation Services Market?
Leading organizations within the managed transportation services industry are prioritizing the development of cutting-edge technologies, like visual AI technology, to enhance their logistics operations. Visual AI technology refers to AI systems designed to process and interpret visual content from photos or videos, in order to gather insights or perform tasks independently. For example, in January 2024, transportation solutions provider RXO Inc., a company native to the US, introduced a check-in solution for trucks powered by AI meant for warehouses and distribution centers. Using sophisticated AI, this tech automates and simplifies the truck check-in procedure, substantially reducing idle times and boosting operational performance. The system includes capabilities such as recognizing vehicles in real-time, scheduling automatically, and assigning docks dynamically to improve the efficiency of inbound and outbound cargo. The solution can be easily integrated into current warehouse management software, ensuring smooth data transmission and real-time updates concerning the status of trucks.
Who Are the Key Players In The Managed Transportation Services Market?
Major companies operating in the managed transportation services market are:
• UPS Supply Chain Solutions
• FedEx Supply Chain
• Oracle Corporation
• Kuehne + Nagel International AG
• SAP SE
• C.H. Robinson Worldwide Inc.
• Expeditors International of Washington Inc.
• J.B. Hunt Transport Services Inc.
• GEODIS
• Ryder Systems Inc.
• Schneider National Inc.
• GlobalTranz
• XPO Logistics Inc.
• Penske Logistics
• Livingston International
• Descartes Systems Group
• Uber Freight LLC
• MIQ Logistics
• Aptean
• Practical Law
• Endicia
• CLX Logistics LLC
• Amber Road Inc.
• BluJay Solution
• DHL Supply Chain
• Supply Chain Brain
What Is The Most Dominant Region In The Managed Transportation Services Market?
Asia-Pacific was the largest region in the managed transportation services market in 2023. The regions covered in the managed transportation services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
