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Annual growth of 3.45%! Global freight continues to grow over the next five years

publisherLena Song

time2017/06/20


Market research report shows that the global freight market in 2017-2023 period will achieve about 3.45% compound annual growth rate. In recent years, the development of the global freight market is fruitful. While increasing the number of free trade agreements such as the ASEAN Free Trade Area, the Trans-Pacific Strategic Economic Partnership Agreement and the North American Free Trade Agreement, more and more countries will also drive the growth of the freight market. Due to developing countries such as China and India, the Asia-Pacific region is expected to dominate the freight market with the highest annual compound growth rate. In addition, factors such as market demand, port infrastructure development and government support will also boost the growth of the freight market in the region and allow the region to occupy the largest share of the freight market.