The report below gives a good overview of the Fall 2024 M&A activity in the Transport, Logistics and Supply Chain Industry Sector. The global transportation and logistics sector is poised for substantial growth over the coming years, with projections indicating a 3.8% increase in output for 2024, followed by a 4.0% rise in 2025. The sector's expansion is supported by robust industrial production and consumer demand worldwide. In the United States, the transportation and logistics industry is expected to grow by 2.7% in 2024 and 2.0% in 2025, bolstered by strong private consumption growth of 2.4% and 2.0%, respectively. Meanwhile, China is forecasted to see a 4.8% increase in transportation and logistics output in 2024, buoyed by government investments and the expanding e-commerce market. India reflects an impressive growth outlook, with a forecast of 12% growth in 2024 and 7.4% in 2025, driven largely by increasing demand from export markets and a burgeoning middle class. Japan anticipates a robust 5.9% increase in output in 2024, fueled by recovering industrial production and rising export demand. In contrast, the Eurozone's growth expectations are more modest, projected at just 0.6% for 2024 but expected to accelerate to 2.7% in 2025, contingent upon improving private consumption levels. Despite these optimistic forecasts, regional challenges persist, such as staff shortages in Germany's transport sector and economic headwinds in the UK. Furthermore, the air freight market is experiencing steady growth, largely driven by disruptions in ocean freight, heightened e-commerce demands, and an increase in the transport of high-tech components, with ongoing tight capacity on Asia-North America and Asia-Europe routes expected to continue into the fourth quarter of 2024.
Posted by Peter Heydenrych.
Read the Entire Fall 2024 Transport, Logistics and Supply Chain Report Here