The Freight And Logistics Market in Turkey is being driven by Growing e-commerce industry
The Freight And Logistics Market in Turkey is expected to grow at a CAGR of 8.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 13414.2 million. In the freight and logistics sector of Turkey, the adoption of multimodal transportation is gaining significant traction. This mode of transportation involves the use of multiple modes of transport, yet it is distinguished from intermodal transportation by the presence of a single contract. Under multimodal transportation, a shipper enters into a single contract with a transport operator, who assumes responsibility for the movement of goods across various modes of transport. This arrangement offers several advantages, including the reduction of risk and loss or damage of goods and personnel, simplified tracking of shipments through a single point, and a decrease in the number of documents required for handling. The convenience and efficiency offered by multimodal transportation are expected to fuel its growth in the Turkish freight and logistics market during the forecast period.
Get more information on Freight And Logistics Market in Turkey by requesting a sample report
The market is segmented based on segments_for_ai.nslist
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.1% |
Market growth 2025-2029 |
USD 13414.2 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
7.3 |
Key countries |
Turkey and EMEA |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Freight and Logistics Market in Turkey encompasses various sectors including Agriculture, Fishing, Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying. The logistics function plays a crucial role in sectors like Courier and Parcel, Freight Forwarding, Freight Transport, Warehousing and Storage, and Leasing activity. The volume of Freight Transport is significant in sectors like e-commerce and Manufacturing. Global supply chains utilize Rail, Trucks, Road Cars, Large Boats, and Airplanes for transporting goods. Contract logistics and value-added services are essential components, with an emphasis on adhering to trade-related agreements.
The global air freight and logistics market encompasses the revenue generated by corporations offering air freight transportation, courier services, and logistics solutions, which involve package and mail delivery, customs agents, and goods tracking up to the point of delivery. According to Technavio's market analysis, this market's size is determined by the revenues of air freight and logistics service providers. Factors driving market expansion include the surge in cross-border e-commerce activities, where consumers purchase goods from foreign sources. This trend is particularly significant in sectors such as Agriculture, Fishing, Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, where international trade is prevalent.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted