$4.3bn
$XXX.Xm
28,846
6,568
$X.Xbn
Global events and shifting consumer behavior brought volatility and strong growth for freight packing and logistics services over the past five years. Consumers' transition to online shopping over brick-and-mortar retailers has boosted demand for logistics, ushering in growth even through pandemic volatility. Strong consumer spending encouraged manufacturing industries to lift production, sending more packages through freight packing facilities. Manufacturers continued boosting output through inflation as downstream industries looked for lower-cost inputs. Revenue has been climbing at a CAGR of 3.5% to an estimated $4.3 billion over the five years through 2024, including a 2.4% rise in 2024 alone.
Industry revenue has grown at a CAGR of 3.5 % over the past five years, to reach an estimated $4.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Deutsche Post Ag | 1,886.1 | 153.3 | 8.1 | |
CEVA Logistics AG | 94.0 | 6.8 | 7.3 | |
PROSHRED Franchising Corp. | 22.1 | 1.6 | 7.3 |
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Industry revenue is measured across several distinct product and services lines, including Packing and crating services from independent stores , Handling services and Freight transportation arrangement brokering. Packing and crating services from independent stores is the largest segment of the Freight Packing & Logistics Services in the US.
Clients seek the industry for packing and crating services
This industry mainly provides packing and crating services for the transportation sector. It comprises companies that offer consolidation of freight consignments, trade document preparation, packing, crating and otherwise preparing goods for transportation and logistics consulting services. The industry doesn't include the actual transportation or delivery of goods.
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NAICS 48899 - Freight Packing & Logistics Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Freight packing and logistics services have blossomed alongside rising e-commerce sales. Even as sharp declines in international trade threatened growth, logistics services' ...
Learn about an industry's products and services, markets and trends in international trade.
The industry mainly consists of packing and crating services. Rapid e-commerce growth has significantly bolstered revenue from wholesalers and retailers scrambling to satisfy...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Logistics services operate near major trade hubs. Freight packing and logistics service providers are often located near major ports in states like Florida and California.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Freight packing and logistics companies compete on reputation. Companies that can secure fast delivery and protect fragile shipments boast a loyal client base.
Learn about the performance of the top companies in the industry.
International companies run the show, even though no entity gathers a significant market share. Both CEVA Logistics and Deutsche Post are foreign-owned and earn revenue from ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
E-commerce sales have been the biggest driver of freight packers' growth. More consumers have chosen to shop online, increasing the need for shipments nationwide.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Strong growth will encourage entrants. Companies will struggle to lift profit amid growing competition through the outlook period.
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Freight Packing & Logistics Services in the US industry in United States is $4.3bn in 2024.
There are 6,568 businesses in the Freight Packing & Logistics Services in the US industry in United States, which has declined at a CAGR of 1.1 % between 2019 and 2024.
The market size of the Freight Packing & Logistics Services in the US industry in United States has been growing at a CAGR of 3.5 % between 2019 and 2024.
Over the next five years, the Freight Packing & Logistics Services in the US industry in United States is expected to grow.
The biggest companies operating in the Freight Packing & Logistics Services market in United States are Deutsche Post Ag, CEVA Logistics AG and PROSHRED Franchising Corp.
Packing goods for transportation and Crating goods for transportation are part of the Freight Packing & Logistics Services in the US industry.
The company holding the most market share in United States is Deutsche Post Ag.
The level of competition is moderate and increasing in the Freight Packing & Logistics Services in the US industry in United States.