The global freight and logistics market is valued at around USD6 trillion p.a., of which the largest segments are road freight and in-house warehousing and distribution. Air and ground passenger transportation is valued at another USD1.5 trillion p.a.
The global logistics market is growing slightly faster than global GDP, with domestic parcels as the fastest growing segment, increasing by over 8% p.a., driven by the rise of e-commerce. Globally, the ground passenger transportation market is growing slowly and the air passenger transportation market is growing more rapidly, although air transportation is particularly vulnerable to external shocks, with 2020 likely to be an extremely challenging year for the industry because of coronavirus.
The UK freight and logistics market is valued at USD40-50 billion p.a. and the passenger rail travel market has revenues of around USD13 billion p.a. The value of the UK passenger air travel is quite difficult to assess since most travel is international, but the combined revenue of UK-based airlines is around USD36 billion p.a.
FieldworkHub’s market research experience in the transport and logistics sector includes ethnographies and depth interviews with bulk shippers, trucking companies and freight forwarders in France and Turkey, interviews with delivery drivers in London, and online bulletin boards with 70 public transport users in various parts of Germany (Berlin, Munich, Stuttgart and Ruhrgebiet).