The rising e-commerce industry in Turkey, the growing manufacturing industry, and increasing outsourcing in logistics are propelling a steady growth of the Freight and Logistics Market in Turkey. It is forecasted that in the next five years from the time period 0f 2023 to 2027, the market will grow by USD 10,304.01 million in market revenue and market growth at a CAGR of 7.2%.
Snapshot of Freight and Logistics Market in Turkey
The market for Freight and Logistics in Turkey can be segmented on the basis of delivery mode (road, rail, maritime, and air), service (transportation, warehousing and distribution, and value-added services), and end-user (manufacturing, automotive, consumer goods, food and beverage, and others).
When it comes to the fastest the growth of the road segment will be significant during the forecast period, as on-road vehicles are mostly preferred in all transportation operations except for the first and final stages.
As per data,” The total number of passengers and tons of freight planned to be transported on the road network is 378 billion and 422 billion, respectively as the e-commerce segment is one of the key drivers of the road freight segment in terms of domestic transportation leg and last-mile logistics.”
Technavio has been monitoring the growth trajectory of the Freight and Logistics Market in Turkey, which is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking and along with data-backed detailed analysis of the core market players. Request for a sample report today.