
Turkey Freight And Logistics Market Analysis by 黑料不打烊
The Turkey Freight And Logistics Market size is expected to grow from USD 67.43 billion in 2025 to USD 70.12 billion in 2026 and is forecast to reach USD 86.54 billion by 2031 at 4.30% CAGR over 2026-2031.
The Turkey freight and logistics market is transforming, driven by infrastructure upgrades, digitalization, and its strategic Middle Corridor position. Freight activity on the Trans-Caspian International Transport Route surged in 2024 and continues to grow, supported by improvements to the Baku-Tbilisi-Kars rail line and tariff alignment. Multilateral financing is boosting port capacity, intermodal assets, and greener practices, enhancing Turkey鈥檚 logistics competitiveness. Automotive and white goods manufacturing clusters drive demand, with OEMs leveraging the EU customs union for duty-free access. Integrated logistics solutions and electrification trends are expected to sustain growth through 2026.
Key Report Takeaways
- By end user industry, manufacturing led the Turkey freight and logistics market share with 45.43% in 2025, while wholesale and retail trade is forecast to grow at a 5.23% CAGR through 2026-2031.
- By logistics function, freight transport accounted for 52.34% of the Turkey freight and logistics market size in 2025, and courier, express, and parcel is projected to be the fastest-growing segment at a 7.43% CAGR through 2026-2031.
- Turkey's multimodal Eurasian bridge, utilizing rail, port, and air corridors, facilitates swift freight rerouting, seizing the momentum of shifting trade flows amid rising nearshoring and heightened demand for the Middle Corridor.
- Manufacturing depth and customs digitalization are elevating Turkey from transit gateway to value-added logistics hub, though currency and regulatory volatility necessitates agile, localized partnership strategies.
Note: Market size and forecast figures in this report are generated using 黑料不打烊鈥檚 proprietary estimation framework, updated with the latest available data and insights as of January 2026.
Turkey Freight And Logistics Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Middle Corridor revival connecting China-Europe via Caspian route | +0.7% | National, with concentration in Marmara and cross-border rail hubs (Kars, Kocaeli) | Medium term (2-4 years) |
| Automotive and white goods manufacturing clusters driving inbound-outbound logistics | +0.6% | Bursa, Kocaeli, Izmir, Ankara, major OEM and tier-one supplier zones | Short term (鈮 2 years) |
| Istanbul Airport mega-hub expansion boosting air cargo throughput | +0.5% | Istanbul, with ripple effects on Ankara, Izmir airfreight lanes | Short term (鈮 2 years) |
| Cold chain infrastructure buildout for pharmaceutical exports and perishable imports | +0.4% | Turkey, led by Marmara, expanding to Anatolia | Medium term (2-4 years) |
| Contract logistics and 3PL sector maturation serving multinational clients | +0.5% | Istanbul, Izmir, Kocaeli, with inland centers such as Ankara, Eski艧ehir | Medium term (2-4 years) |
| Cross-border rail connectivity improvements with Iraq, Iran, and Georgia | +0.3% | National, eastern border zones, Black Sea ports | Long term (鈮 4 years) |
| Source: 黑料不打烊 | |||
Middle Corridor revival connecting China-Europe via the Caspian route
Freight activity on the Trans-Caspian International Transport Route rose sharply in 2024, and the momentum is set to continue in 2025 as corridor partners prioritize capacity, transit time, and reliability improvements that connect Turkish gateways to Central Asia and western China. Upgrades to the Baku-Tbilisi-Kars rail line and complementary digitalization and tariff alignment measures support faster end-to-end services with fewer stops, which strengthens Turkey鈥檚 role as the western anchor of the route.[1] International Union of Railways, 鈥淩ail Freight in Central Asia and the Middle East,鈥 UIC, uic.org Better east-west rail-port integration is also catalyzed by multilateral finance, including an IFC-led facility for a leading regional operator that targets port capacity, intermodal assets, and greener practices. This combination of infrastructure, policy, and financing puts rail and intermodal options on firmer footing for shippers that seek to diversify away from congested maritime lanes. As these improvements scale, the Turkey freight and logistics market should gain from more predictable lead times and wider equipment availability across Eurasian lanes.
Automotive and white goods manufacturing clusters are driving inbound-outbound logistics.
Turkey鈥檚 automotive production and exports remained strong in 2025, with vehicle and parts exports significantly contributing to national trade and maintaining stable plant utilization in key industrial provinces.[2]Ministry of Trade, 鈥淔oreign Trade Data Bulletin, August 2025,鈥 Ministry of Trade, trade.gov.tr The customs union with the European Union enabled duty-free access for many finished vehicles and appliances, boosting localization strategies for OEMs and suppliers in Bursa, Kocaeli, Izmir, and Ankara. Strong outbound volumes led logistics providers to align factory dispatches with Ro-Ro ferry and European road schedules. The sector鈥檚 resilience increased demand for time-definite haulage, pre-carriage staging, and customs readiness, supporting higher-value contract logistics near OEM clusters. As electrification and supplier consolidation progress, integrated solutions combining road, Ro-Ro, rail, and yard management can enhance throughput and reduce dwell, driving growth in Turkey's freight and logistics market through 2026.
Istanbul Airport mega-hub expansion boosting air cargo throughput
Istanbul Airport saw significant cargo throughput in 2024, driven by capacity upgrades that bolstered freighter and belly cargo flows, establishing it as a key European hub for time-sensitive shipments. Investments in cargo zone infrastructure and runway operations enhanced its ability to connect Europe, Asia, and the Middle East. Network carriers and express operators expanded capacity and automation, including a 25,300-square-meter transit facility launched in 2025, tripling screening throughput and linking Turkey to 30 weekly international flights. These developments reduced bottlenecks for high-value goods, pharmaceuticals, and e-commerce parcels. As facilities and schedules expand through 2026, air cargo reliability strengthens Turkey's freight and logistics market for premium segments.
Contract logistics and 3PL sector maturation serving multinational clients
Post-2023, global integrators and regional leaders streamlined operations in Turkey by unifying last-mile, international networks, and domestic warehousing. Nordic operator DFDS expanded its Mediterranean footprint with a cross-border acquisition, enhancing ferry-road services for Turkey鈥檚 manufacturing belt. A global logistics major secured a deal to boost domestic warehousing and finished-vehicle logistics, improving coverage for automotive, retail, and omnichannel clients. A Turkish group obtained an IFC-led loan to modernize port assets, expand intermodal fleets, and enhance corridor efficiency under global standards. As 3PLs adopt automation and multimodal solutions, multinational clients benefit from improved resilience options, driving growth in Turkey's freight and logistics market through 2026.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Seismic risk and infrastructure vulnerability concerns affecting warehouse site selection | -0.4% | Istanbul, Bursa, Kocaeli, Izmir, first-degree earthquake zones | Long term (鈮 4 years) |
| Geopolitical tensions disrupting Black Sea and Syrian border trade routes | -0.3% | Black Sea ports and southern crossings | Medium term (2-4 years) |
| High compliance costs for aligning with EU transport and safety standards | -0.2% | National, higher pressure on cross-border road and maritime operators | Medium term (2-4 years) |
| Limited warehouse automation adoption outside Istanbul and Izmir hubs | -0.3% | Regional Anatolia, smaller organized industrial zones | Medium term (2-4 years) |
| Source: 黑料不打烊 | |||
Seismic risk and infrastructure vulnerability concerns affecting warehouse site selection
Turkey鈥檚 seismic profile elevates risk for first-degree zones that host dense industry and logistics assets, including Istanbul, Bursa, and Kocaeli. Time-dependent models for the North Anatolian Fault suggest high multi-decade probability ranges for a major event near Istanbul, which continues to shape site selection, retrofit planning, and continuity strategies for critical logistics infrastructure. A magnitude 6.2 event near Istanbul in April 2025 highlighted strengths and gaps in mitigation measures and asset readiness, which validated the importance of compliance audits and reinforcements in older building stock. Operators increasingly scrutinize subsoil data, code compliance, and utility reliability in project scoping, with insurers conditioning terms on resilience investments and emergency response capabilities. Over the long term, the Turkey freight and logistics market will benefit from tighter build standards and transport corridor reinforcements, although near-term costs and site constraints remain a drag in high-risk zones.
Geopolitical tensions are disrupting Black Sea and Syrian border trade routes
Security incidents in the Black Sea impacted commercial shipping and raised insurance and scheduling risks for vessels calling Ukrainian and nearby ports in late 2025. Turkish diplomacy sought new understandings to reduce attacks on energy infrastructure and keep maritime corridors functional, recognizing the spillover effects on food and energy supply chains. On the southern axis, the resumption of TIR operations via Syria in December 2025 restored a critical land route under a standardized international transit system, helping stabilize flows to the Gulf as border procedures improved. These dynamics underscore the importance of flexible routing and multimodal contingency planning for forwarders and shippers serving both the Black Sea and Middle East lanes. Through 2026, corridor stabilization efforts should temper volatility, although premiums and schedule buffers are likely to persist for sensitive cargoes.
Segment Analysis
By End User Industry: Manufacturing Leads, Retail Accelerates
Manufacturing led the Turkey freight and logistics market share at 45.43% in 2025, reflecting sustained automotive output and strong export linkages into Europe. Wholesale and retail trade is projected to be the fastest end-user vertical, with the Turkey freight and logistics market size for this segment expected to expand at a 5.23% CAGR between 2026 and 2031, supported by mobile commerce adoption and last-mile network densification. Automotive hubs in Bursa, Kocaeli, Izmir, and Ankara anchor inbound parts and outbound finished-vehicle flows, leveraging the EU customs union to sustain duty-free access for a substantial share of exports. Ministry of Trade statistics indicated that vehicle and parts exports were a key contributor to export value in 2025, underlining the sector鈥檚 role as a central engine for transport demand. The Turkey freight and logistics industry continues to adapt to just-in-sequence manufacturing by expanding finished-vehicle logistics services and integrating Ro-Ro ferry schedules with European inland distribution. This strengthens contract logistics in OEM corridors where vendors, 3PLs, and carriers coordinate yard, pre-carriage, and customs workflows for time-sensitive parts and vehicles.
Growth in wholesale and retail trade relies on network capacity and service quality, especially in same-day and next-day windows concentrated in Istanbul, Ankara, and Izmir.[3]Invest in T眉rkiye, 鈥淎utomotive,鈥 Invest in T眉rkiye, invest.gov.tr As marketplaces scale and cross-border parcels grow, operators refine routing and pickup-drop-off solutions around dense urban footprints, which compresses lead times and supports higher peak handling. In sectors such as agricultural perishables and healthcare, cold chain requirements deepen the need for compliance, traceability, and consistent temperature control, which favors specialized providers in Marmara and selected Anatolian cities. Infrastructure projects and intermodal integration improve reach and resiliency for these verticals, supporting the Turkey freight and logistics market as shippers seek alternatives to single-mode dependency. As 2026 unfolds, capacity investments and process standardization continue to automate repetitive tasks in high-volume nodes, creating room for tighter service level agreements in consumer-facing distribution.

Note: Segment shares of all individual segments available upon report purchase
By Logistics Function: Freight Transport Dominates, Yet CEP Surges on Parcel Velocity
Freight transport held the largest portion of the Turkey freight and logistics market share at 52.34% in 2025, reflecting the scale of road haulage complemented by sea, rail, and air for long-haul and international flows. Courier, express, and parcel is the fastest function through 2031, with the Turkey freight and logistics market size for CEP projected to expand at a 7.43% CAGR as e-commerce penetration and cross-border parcels increase. Istanbul鈥檚 air cargo throughput and new transit capacity add resilience for international e-commerce and high-value shipments, which strengthens visibility and reduces turnaround times. The 2025 launch of a large express facility with automated sorting and AI-enhanced screening has boosted throughput and security, and supported 30 weekly flights that anchor Turkey鈥檚 connections with the United States, Europe, and the Middle East. As a result, CEP operators can better manage peak volumes and tighter last-mile delivery windows in major metros.
Freight forwarding and contract logistics continue to evolve with integrated road-sea-rail options that shorten lead times across the Mediterranean and Central European corridors. A shift toward standardized data exchange and process harmonization supports border transit predictability for time-sensitive goods, which reduces variability in door-to-door schedules. For warehouse-based value-added services, investments in automation and orchestration improve labor productivity and inventory accuracy, a trend echoed by global operators that reported margin gains supported by advanced warehouse systems and predictive maintenance practices in 2025. Leading contract logistics providers expanded distribution capacity in Turkey in 2025, indicating consistent demand from multinational clients in automotive, healthcare, and consumer goods. Together, these function-level improvements reinforce a more diverse service portfolio, which sustains growth in the Turkey freight and logistics market through 2026.

Note: Segment shares of all individual segments available upon report purchase
Geography Analysis
Marmara is the focal region for assets and throughput, hosting 11.3 million square meters of logistics real estate and adding 211,600 square meters of new leasing in 2024, which reflects sustained network densification around Istanbul, Bursa, and Kocaeli. Across regions in 2026, the Turkey freight and logistics market size continues on a 4.30% CAGR path through 2031, with Istanbul Airport鈥檚 cargo capabilities providing a national backstop for time-critical shipments that feed both domestic and international networks. Scale in Marmara also pulls in multimodal options that link industrial belts to European destinations, including ferry-road routes and east-west rail corridors that help diversify network risk.
Aegean and Central Anatolia are solidifying as complementary bases for manufacturing and distribution, drawing industrial investments and supporting the spread of regional logistics centers with intermodal functionality. As more inland nodes integrate with the national network, reliability improves for shippers that rely on hub-and-spoke road-lift and rail-lift pairings to serve mixed urban and rural demand. The Black Sea region handles part of the Middle Corridor and Caucasus-facing traffic, although maritime risk in late 2025 triggered routing shifts and premium adjustments on sensitive lanes. On the southern axis, the December 2025 resumption of TIR operations via Syria restored an important bridge to Gulf markets and stabilized truck flows through standardized international transit processes. These changes reinforce the need for flexible routing and capacity hedges for regional exporters.
Comparing regional patterns to national growth suggests the network is rotating toward capital-efficient improvements over greenfield sprawl, especially around air cargo and intermodal nodes that raise utilization on existing footprints. Operators are aligning with corridor opportunities by expanding ferry-road coverage and by engaging in port modernization and intermodal asset upgrades under multilateral finance programs. These moves support a more even distribution of logistics activity across primary and secondary hubs, while Marmara鈥檚 scale continues to attract a significant share of new contracts and service expansions in 2026. As infrastructure projects advance, the Turkey freight and logistics market can leverage both coastal and inland nodes to balance capacity and improve time-to-market for cross-border flows.
Competitive Landscape
Competitive intensity in Turkey remains fragmented as global integrators and local champions expand networks, standardize processes, and modernize assets to serve diversified demand in 2026. DHL Group consolidated domestic parcel capacity through its acquisition of MNG Kargo, positioning itself to capture e-commerce growth by integrating mid-mile sorting with last-mile delivery. DFDS completed a Turkey-focused network expansion that bolstered ferry-road linkages into the Mediterranean and Northern Europe, offering shippers more consistent intermodal schedules. A global logistics provider advanced an acquisition that will nearly double domestic warehousing and elevate finished-vehicle logistics to a top-tier position, increasing end-to-end coverage for OEMs and consumer brands. These moves reflect investor confidence in the Turkey freight and logistics market and point to a continued race to secure a share in high-growth segments through 2026.
Technology investments differentiate performance across functions. A 2025 express facility opening in Istanbul increased automated sorting capacity and AI-enhanced screening throughput, improving intercontinental connectivity for time-sensitive parcels. Global operators reported that warehouse automation and predictive maintenance contributed to improved logistics-segment margins in 2025, signaling the cost and service benefits of scaling digital tools and advanced storage systems. Contract logistics expansions in Turkey in 2025 underscore sustained demand from multinational clients that rely on standardized operating models and performance analytics for omnichannel distribution. As process harmonization spreads across hubs, transparency and predictability improve for shippers that depend on strict service levels, especially in consumer and healthcare verticals.
Capital structure and compliance approaches also shape competitive positions. A leading Turkish group closed an IFC-led syndicated facility with environmental and social conditions that align with global cargo-owner expectations on sustainability and workforce practices. Operators that meet EU-aligned transport and safety standards gain an edge in cross-border lanes, while the customs union supports continued outbound competitiveness for automotive and white goods. In parallel, the Turkey freight and logistics market sees marketplace-affiliated last-mile networks refining same-day offerings in major cities, which nudges incumbents to invest in routing, visibility, and customer experience enhancements. Through 2026, firms that combine scale, automation, and corridor-ready intermodal options will be positioned to capture growth while mitigating geopolitical and seismic risks.
Turkey Freight And Logistics Industry Leaders
A.P. Moller-Maersk
Alisan Group
Arikanli Holding (including Yurtici Kargo)
Arkas Holding
ATA Freight
- *Disclaimer: Major Players sorted in no particular order

Recent Industry Developments
- September 2025: FedEx opened a 25,300-square-meter global air transit facility at Istanbul Airport in August 2025. The facility features automated sorting, high-speed security screening, dangerous goods handling, and AI-powered x-ray machines processing 7,000 packages per hour, connecting Turkey with 30 weekly FedEx flights to the US, Europe, and the Middle East.
- November 2025: Arkas Holding secures a USD 335 million loan from IFC to fund sustainable operations, expand infrastructure, and refinance loans, bolstering Turkey's Middle Corridor position.
- December 2025: TIR operations from T眉rkiye via Syria resume, restoring key land route to GCC markets and the wider Middle East, with standardized international transit processes that improve security and predictability of cross-border flows.
- August 2025: Istanbul Airport handles substantial cargo in 2024 following major investments in runway operations and cargo zone expansion, supporting continued growth in airfreight handling capacity.
Turkey Freight And Logistics Market Report Scope
Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, and Others are covered as segments by End User Industry. Courier, Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing, and Storage are covered as segments by Logistics Function.
| Agriculture, Fishing, and Forestry |
| Construction |
| Manufacturing |
| Oil and Gas, Mining and Quarrying |
| Wholesale and Retail Trade |
| Others |
| Courier, Express, and Parcel (CEP) | By Destination Type | Domestic |
| International | ||
| Freight Forwarding | By Mode of Transport | Air |
| Sea and Inland Waterways | ||
| Others | ||
| Freight Transport | By Mode of Transport | Air |
| Pipelines | ||
| Rail | ||
| Road | ||
| Sea and Inland Waterways | ||
| Warehousing and Storage | By Temperature Control | Non-Temperature Controlled |
| Temperature Controlled | ||
| Other Services | ||
| End User Industry | Agriculture, Fishing, and Forestry | ||
| Construction | |||
| Manufacturing | |||
| Oil and Gas, Mining and Quarrying | |||
| Wholesale and Retail Trade | |||
| Others | |||
| Logistics Function | Courier, Express, and Parcel (CEP) | By Destination Type | Domestic |
| International | |||
| Freight Forwarding | By Mode of Transport | Air | |
| Sea and Inland Waterways | |||
| Others | |||
| Freight Transport | By Mode of Transport | Air | |
| Pipelines | |||
| Rail | |||
| Road | |||
| Sea and Inland Waterways | |||
| Warehousing and Storage | By Temperature Control | Non-Temperature Controlled | |
| Temperature Controlled | |||
| Other Services | |||
Market Definition
- Agriculture, Fishing, and Forestry (AFF) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the AFF industry players. The end user players considered are the establishments primarily engaged in growing crops, raising animals, harvesting timber, harvesting fish & other animals from their natural habitats and providing related support activities. Herein, Logistics Service Providers (LSPs) play a crucial role in acquisition, storage, handling, transportation, and distribution activities for the optimal & continuous flow of inputs (seeds, pesticides, fertilizers, equipment, and water) from manufacturers or suppliers to the producers and smooth flow of output (produce, agro-goods) to distributors/ consumers. This includes both termperature controlled and non-temperature controlled logistics, as and when required according to the shelf life of goods being transported or stored.
- Construction - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the construction industry players. The end user players considered are the establishments primarily engaged in constructing, repairing and renovating residential & commercial buildings, infrastructure, engineering works, subdividing and developing land. Logistics Service Providers (LSPs) play a crucial role in increasing profitability of construction projects by maintaing the inventory of raw materials & equipment, time-critical supplies and by providing other value added services for effective project management.
- Courier, Express, and Parcel - The Courier, Express, and Parcel services, often called as CEP Market, refers to the logistics and postal service providers which specialize in moving small goods (parcels/packages). It captures the overall market size (USD) and market volume (number of parcels) of (1) the shipments/parcels/packages which are under 70kgs/ 154lbs weight, (2) Business Customer packages viz. Business-to-Business (B2B) & Business-to-Consumer (B2C) as well as private customer packages (C2C), (3) non-express parcel delivery services (Standard and Deferred) as well as express parcel delivery services (Day-Definite-Express and Time-Definite-Express), (4) domestic as well as international parcels.
- Demographics - To analyse total addressable market demand, population growth & forecasts have been studied and presented in this industry trend. It represents population distribution across categories like gender (male/female), development area (urban/rural), major cities among other key parameters like population density and final consumption expenditure (growth and share % of GDP). This data has been used for assessing the fluctations in demand & consumption expenditure, and the major hotspots (cities) of potential demand.
- Export Trends and Import Trends - Overall logistics performance of an economy is positively and significantly (statistically) correlated to its trade performance (exports and imports). Hence, in this industry trend, total value of trade, major commodities/ commodity groups and the major trade partners, for the studied geography (country or region as per the scope of report) have been analysed alongside the impact of major trade/logistics infrastructure investments & regulatory environment.
- Freight Forwarding - Freight forwarding which herein refers to the freight transportation arrangement (FTA) industry includes establishments primarily engaged in arranging & tracking transportation of freight between shippers and carriers. Logistics Service Providers (LSPs) considered are freight forwarders, NVOCCs, custom brokers and marine shipping agents. Others segment under Freight Forwarding captures the revenue earned through value added services of FTA like custom brokerage/clearance activities, preparation of freight related documentation, consolidation-deconsolidation of goods, cargo insurance & compliance, arrangement of warehousing & storage, liasing with shippers, and freight forwarding through other modes of transport viz. road and rail.
- Freight Pricing Trends - Freight pricing by mode of transport (USD/tonkm), over the review period, has been presented in this industry trend. The data has been used in assessing the inflationary environment, impact on trade, freight turnover (tonkm), freight and logistics market demand by mode of transport segments and hence the overall freight and logistics market size.
- Freight Tonnage Trends - Freight tonnage (weight of goods in tons) handled by mode of transport, over the review period, has been presented in this industry trend. The data has been used as one of the parameters apart from average distance per shipment (km), freight volume (tonkm), and freight pricing (USD/tonkm) to assess the freight transport market size.
- Freight Transport - Freight Transport refers to the hiring of a logistics service provider (outsourced logistics) for the transport of commodities (raw materials/final/intermediate/finished goods including both solids and fluids) from the origin to a destination within the country (domestic) or cross-border (international).
- Freight and Logistics - External expenditure on (or outsourced) facilitation of freight transport (freight transportation), arrangement of freight transport through an agent (freight forwarding), warehousing and storage (temperature controlled or non-temperature controlled), CEP (domestic or international courier, express and parcel) and other value-added logistics services involved in the transportation of commodities (raw materials or finished goods including both solids and fluids) from the origin to a destination within the country (domestic) or cross-border (international), through one or more modes of transportation viz. road, rail, sea, air and pipelines constitute freight and logistics market.
- Fuel Price - Fuel price spikes can cause delays and diruption for logistics service providers (LSPs), while drops in the same can result in higher short-term profitability and increased market rivalry to offer consumers with the best deals. Hence, the fuel price variations have been studied over the review period and presented along with the causes as well as market impacts.
- GDP Distribution by Economic Activity - Nominal Gross Domestic Product and distribution of the same, across major economic sectors in the geography studied (country or region as per scope of the report) have been studied and presented in this industry trend. As GDP is positively related to the profitability and growth of logistics industry, this data has been used in adjunction to the input-output tables/ supply-use tables for analyzing the potential major contributing sectors towards the logistics demand.
- GDP Growth by Economic Activity - Growth of Nominal Gross Domestic Product across major economic sectors, for the geography studied (country or region as per scope of the report) have been presented in this industry trend. This data has been utilized for assessing the growth of logistics demand from all the market end users (economic sectors considered here).
- Inflation - Variations in both Wholesale Price Inflation (YoY change in producer price index) and Consumer Price Inflation have been presented in this industry trend. This data has been used to assess the inflationary environment as it plays a vital role in smooth functioning of the supply chain, directly impacting the logistics operational cost components e.g., pricing of tyres, driver wages & benefits, energy/fuel prices, maintenace costs, toll charges, warehousing rents, custom brokerage, forwarding rates, courier rates etc. hence impacting the overall freight and logistics market.
- Infrastructure - As infrastructure plays a vital role in an economy's logistics performance, variables like length of roads, distribution of road length by surface category (paved v/s unpaved), distribution of road length by road classification (expressways v/s highways v/s other roads), rail length, volume of containers handled by major ports and tonnage handled by major airports have been analysed and presented in this industry trend.
- Key Industry Trends - The report section named "Key Industry Trends" include all the key variables/parameters studied to better analyze the market size estimates and forecasts. All the trends have been presented in the form of data points (time series or latest available data points) along with analysis of the paramter in the form of concise market relevant commentary, for the geography studied (country or region as per the scope of report).
- Key Strategic Moves - The action taken by a company to differentiate from its competitor or used as a general strategy is referred to as a key strategic move (KSM). This includes (1) Agreements (2) Expansions (3) Financial Restructuring (4) Mergers and Acquisitions (5) Partnerships, and (6) Product Innovations. Key players (Logistics Service Providers, LSPs) in the market have been shortlisted, their KSM have been studied and presented in this section.
- Liner Shipping Bilateral Connectivity Index聽- It indicates a country pair's integration level into global liner shipping networks and plays a crucial role in determining bilateral trade, which in turn potentially contributes toward the prosperity of a country and its surrounding region. Hence the major economies connected to the country/ region as per scope of the report, have been analyzed and presented in "Liner Shipping Connectivity" industry trend.
- Liner Shipping Connectivity - This industry trend analyses the state of connectivity to the global shipping networks based on the status of maritime transport sector. It includes the analysis of liner shipping connectivity, bilateral shipping connectivity, and port liner shipping connectivity indices for the geography (country/ region as per scope of the report) over the review period.
- Liner Shipping Connectivity Index聽- It indicates how well countries are connected to global shipping networks based on the status of their maritime transport sector. It is based on five components of the maritime transport sector: (1) The number of shipping lines servicing a country, (2) The size of the largest vessel used on these services (in TEUs), (3) The number of services connecting a country to the other countries, (4) The total number of vessels deployed in a country, (5) The total capacity of those vessels (in TEUs).
- Logistics Performance - Logistics Performance and Logistics Costs are the backbone of trade, and influences trade costs, making countries compete globally. Logistics performance is聽influenced by market wide adopted supply chain management strategies, government services, investments & policies, fuel/ energy costs, inflationary environment etc. Hence, in this industry trend, the logistics performance of the geography studied (country/ region as per the scope of report) has been analysed and presented over the review period.
- Major Truck Suppliers - Market share of truck brands is influenced by factors like geographical preferences, portfolio of truck types, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological innovations (like electric vehicles, digitalization, autonomous trucks), fuel efficiency, financing options, annual maintenance costs, availability of substitutes, marketing startegies etc. Hence, the distribution (share % for base year of the study) of truck sales volume for leading truck brands and commentary on current market scenario & market anticipation over the forecast period have been presented in this industry trend.
- Manufacturing - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Manufacturing industry players. The end user players considered are the establishments primarily engaged in the chemical, mechanical or physical transformation of materials or substances into new products. Logistics Service Providers (LSPs) play a crucial role in maintaining a smooth flow of raw materials across the supply chain, enabling timely delivery of finished goods to distributors or end customers and storing & supplying the raw materials to clients for just-in-time manufacturing.
- Maritime Fleet Load Carrying Capacity - Maritime fleet load carrying capacity depicts the development state of an economy's maritime infrastructure & trade. It is influenced by factors like volume of production, international trade, major end user industries, maritime connectivity, environmental regulations, investments in port infrastructure development, port container cargo handling capacity etc. This industry trend represents the maritime fleet load carrying capacity by type of ship viz. container ships, oil tankers, bulk carriers, general cargo, among other types alongwith the influencing factors for the geography studied (country/ region as per scope of the report), over the review period.
- Modal Share - Freight Modal Share is influenced by factors like modal productivity, government regulations, containerization, distance of shipment, temperature control requirements, type of goods, international trade, terrain, speed of delivery, shipment weight, bulk shipments, etc. Also, modal share by tonnage (tons) and modal share by freight turnover (ton-km) differ as per average distance of shipments, weight of major commodity groups transported in the economy and number of trips. This industry trend represents the distribution of freight transported by mode of transport (tons as well as ton-km), for the study base year.
- Oil and Gas, Mining and Quarrying - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the extraction industry players. The end user players considered are the establishments that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. Logistics Service Providers (LSPs) covers entire phases from upstream to downstream and plays a crucial role in the transportation of machinery, drilling equipments, extracted minerals, crude oil & natural gas and refined/ processed products from one place to another.
- Other End Users - Other end user segment captures the external (outsourced) logistics expenditure incurred by the financial services (BFSI), real estate, educational services, healthcare, and professional services (administrative, waste management, legal, architectural, engineering, design, consulting, scientific R&D). Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies and documents to/from these industries such as transporting any equipment or resources required, shipping confidential documents and files, movement of medical goods & supplies (surgical supplies and instruments, including gloves, masks, syringes, equipment) to name a few.
- Other Services - Other Services segment captures revenue earned through (1) Value added services (VAS) for freight transportation by road, rail, air and sea & inland waterways, (2) VAS for marine cargo transportation (operation of terminal facilities such as harbours and piers, operation of waterway locks, navigation, pilotage and berthing activities, lighterage, salvage activities, lighthouse activities, among other miscellaneous support activities), (3) VAS for land freight transportation (operation of terminal facilities such as railway stations, stations for the handling of goods, operation of railroad infrastructure, switching and shunting, towing and road side assistance, liquefaction of gas for transportation purposes, among other miscellaneous support activities), (4) VAS for air cargo transportation (operation of terminal facilities such as airway terminals, airport and air-traffic-control activities, ground service activities on airfields, runway maintenance, inspection/ ferrying/ maintenance/ testing of aircrafts, aircraft fuelling services, among other miscellaneous support activities), (5) VAS for warehousing and storage service (operation of grain silos, general merchandise warehouses, refrigerated warehouses, storage tanks etc., storage of goods in foreign trade zones, blast freezing, crating goods for shipping, packing and preparing goods for shipping, labelling and/or imprinting the package, kit assembling and packaging services, among other miscellaneous support activities), and (6) VAS for courier, express and parcel service (pickup, sorting).
- Port Calls and Performance - The performance of ports is key to an economy's freight movement, trade, global connectivity, successful growth strategies, investment attractiveness for production & distribution systems, and thus affects GDP, employment, per capita income and industrial growth. Hence, the port perfomance parameters like median time spent by vessels in the ports; average age, size, cargo carrying capacity, container carrying capacity, of vessels entering the ports, port calls, and container port throughput have been analysed and presented in this industry trend.
- Port Liner Shipping Connectivity Index - It reflects a port's position in the global liner shipping network, wherein a higher value of index is associated with better connectivity. Efficient and well-connected ports (1) contribute towards minimizing transport costs, linking supply chains and supporting international trade, (2) pave the way for economies of scale and development of expertise by permitting producers to better exploit possibilities in domestic as well as foreign markets. Hence the major ports of strategic importance, in the country/ region as per scope of the report, have been analyzed and presented in "Liner Shipping Connectivity" industry trend.
- Port Throughput - It reflects the amount of cargo or number of vessels a port handles annually. It can be related to (1) cargo tonnage, (2) container TEU, and (3) vessel calls. Port throughput in terms of total containers handled (TEU's), has been presented in the "Port Calls and Performance" industry trend.
- Producer Price Inflation - It indicates inflation from viewpoint of the producers viz. the average selling price received for their output over a period of time. Annual change (YoY) of producer price index is reported as wholesale price inflation in the "Inflation" industry trend. As WPI captures dynamic price movements in most comprehensive way, it is widely used by governments, banks, industry, business circles and is deemed important in formulation of trade, fiscal and other economic policies. The data has been used in adjunction to consumer price inflation for better understanding the inflationary environment.
- Segmental Revenue - Segmental Revenue has been triangulated or computed and presented for all the major players in the market. It refers to the freight and logistics market specific revenue earned by the company, over the base year of study, in the geography studied (country or region as per the scope of report). It is computed through the study and analysis of major parameters like financials, service portfolio, employee strength, fleet size, investments, number of countries present in, major economies of concern, etc. that have been reported by the company in its annual reports, webpage. For companies having scarce financial disclosures, paid databases like D&B Hoovers, Dow Jones Factiva have been resorted to and verified through industry/expert interactions.
- Transport and Storage Sector GDP - Value and growth of Transport and Storage Sector GDP has a direct relation to the freight and logistics market size. Hence, this variable has been studied and presented over the review period, in value terms (USD) and as share % of total GDP, in this industry trend. The data has been supported by concise and relevant commentary around the investments, developments, and current market scenario.
- Trends in E-Commerce Industry - Enhanced internet connectivity and boom in smartphone penetration, coupled with increasing disposable incomes, has led to a phenomenal growth in the e-commerce market globally. Online shoppers require fast and efficient delivery of their orders leading to an increase in the demand for logistics services especially e-commerce fulfilment services. Hence, the Gross Merchandise Value (GMV), historial and projected growth, breakup of major commodity groups in e-commerce industry for the studied geography (country or region as per scope of the report) have been analysed and presented in this industry trend.
- Trends in Manufacturing Industry - Manufacturing industry involves the transformation of raw materials into finished products, while logistics industry ensures the efficient flow of raw materials to the factory, and the transport of manufactured products to the distributors & consumers. Demand-Supply of both industries are highly cross-linked and critical for a seamless supply chain. Hence, the Gross Value Added (GVA), breakup of GVA into major manufacturing sectors, and growth of manufacturing industry over the review period have been analysed and presented, in this industry trend.
- Trucking Fleet Size By Type - Market share of truck types is influenced by factors like geographical preferences, major end user industries, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological disruptions (like electric vehicles, digitalization, autonomous trucks) etc. Hence, the distribution (share % for base year of study) of truck parc volume by type of truck, market disruptors, truck manufacturing investments, truck specifications, truck use & import regulations, and market anticipation over the forecast period have been presented in this industry trend.
- Trucking Operational Costs - The prime reasons for measuring/ benchmarking logistics performance of any trucking company are to reduce operational costs and increase profitability. On the other hand, measuring operational costs helps to identify whether and where to make operational changes to control expenses and identify areas for improved performance. Hence, in this industry trend, trucking operational costs and the variables involved viz. driver wages & benefits, fuel prices, repairs & maintenance costs, tyre costs etc. have been studied over the base year of study, and presented for the geography studied (country or region as per the scope of report).
- Warehousing and Storage - Warehousing and storage segment captures revenue earned through the operation of general merchandise, refrigerated and other types of warehousing & storage facilities. These establishments take responsibility for storing the goods and keeping them secure in lieu of charges. Value added services (VAS) they may provide are considered to be a part of the "other services" segment. Here VAS refer to a range of services, related to the distribution of a customer's goods and can include labelling, breaking bulk, inventory control & management, light assembly, order entry & fulfillment, packaging, pick & pack, price marking & ticketing and transportation arrangement.
- Wholesale and Retail Trade - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the wholesalers and retailers. The end user players considered are the establishments primarily engaged in wholesaling or retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies to and finished products from production houses to the distributors and finally to the end customer covering activites like material sourcing, transportation, order fulfillment, warehousing & storage, demand forecasting, inventory management etc.
| Keyword | Definition |
|---|---|
| Axle Load | The axle load of a wheeled vehicle is the total weight bearing on the roadway for all wheels connected to a given axle. |
| Back Haul | Backhaul is the return movement of a transport vehicle from its original destination to its original point of departure. |
| Bill of Lading | A bill of lading is a legal document issued by a carrier to a shipper that details the type, quantity, and destination of the goods being carried. |
| Bunkering | Bunkering is the process of supplying fuel and/or gasoil to be used to power the propulsion system of a ship (such fuel is referred to as bunker). It includes the logistics of loading and distributing the fuel among available shipboard tanks. A person dealing in trade of bunker (fuel) is called a bunker trader. |
| Bunkering Service | Bunkering service is the supply of a requested quality and quantity of bunkers to a ship. |
| C-commerce | C-commerce (Collaborative commerce) describes electronically enabled business interactions among an enterprise鈥檚 internal personnel, business partners and customers throughout a trading community. The trading community could be an industry, industry segment, supply chain or supply chain segment. |
| Cabotage | Transport by a vehicle registered in a country performed on the national territory of another country. |
| Cartage Agent | A ground transportation service that provides pickup and delivery of freight in locations not served directly by an air or ocean carrier. |
| Contract logistics | Contract logistics refers to the outsourcing of resource management tasks by one company to a third-party company specializing in logistical matters, such as transportation, warehousing, and order fulfillment. |
| Courier | A business that is used to send messages, packages, etc. Courier service refers to the fast or quick, door to door pickup and delivery service for goods or documents. It can be local or international. A company that provides such delivery services is called a courier company. A courier company hires people to provide their services. Such a person hired by the courier service company is called a courier. |
| Cross docking | Cross docking is a practice in logistics management that includes unloading incoming delivery vehicles and loading the materials directly into outbound delivery vehicles, omitting traditional warehouse logistical practices and saving time and money. |
| Cross Trade | International transport between two different countries performed by a vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and than the country of unloading/disembarkation. |
| Customs Clearance | The procedures involved in getting cargo released by Customs through designated formalities such as presenting import license/permit, payment of import duties and other required documentations by the nature of the cargo such as FCC or FDA approval. |
| Customs seal | Customs seal means a seal, stamp or any other preventive means affixed by customs officials to ensure the inviolability of goods, commercial means of transport or warehouses. |
| Dangerous Goods | Dangerous goods (or hazardous materials or HAZMAT) include flammable liquids/solids, gases, compressed, liquified, dissolved under pressure, corrosives, oxidising substances, explosive substances and articles, substances, which on contact with water, emit flammable gasses, organic peroxides, toxic substances, infectious substances, radioactive materials, miscellaneous dangerous goods and articles. |
| Direct Shipment | Direct shipment is a method of delivering goods from the supplier or the product owner to the customer directly. In most cases, the customer orders the goods from the product owner. This delivery scheme reduces transportation and storage costs, but requires additional planning and administration. |
| Drayage | A drayage is a form of trucking service that connects the different modes of shipping (intermodal), such as ocean freight or air freight. It鈥檚 a short-haul trip that transports goods from one place to another, usually before or after its long-haul shipping process. Drayage trucks move cargo to and from various destinations, such as container ships, storage lots, order fulfillment warehouses, and rail yards. Typically, drayage only transports goods in short distances and operates only in one metropolitan area. It also requires only one trucker in a single shift. |
| Dry Docking | Dry docking is a term used for repairs or when a ship is taken to the service yard. During dry docking, the whole ship is brought to a dry land so that the submerged portions of the hull can be cleaned or inspected. |
| Dry van | A dry van is a type of semi-trailer that's fully enclosed to protect shipments from outside elements. Designed to carry palletized, boxed or loose freight, dry vans aren't temperature-controlled (unlike refrigerated 鈥渞eefer鈥 units) and can't carry oversized shipments (unlike flatbed trailers). |
| Feedering | Transport service whereby loaded or empty containers in a regional are transferred to a 鈥渕other ship鈥 for a long-haul ocean voyage. |
| Final Demand | Final demand includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. |
| First mile Delivery | First mile delivery refers to the first stage of the transportation. This is when the parcel leaves the seller鈥檚 warehouse and is taken by the courier pick up agent to process it or take it to the warehouse. Once the package reaches the post office or the courier鈥檚 hub, it is then sorted and transported further until it reaches the customer鈥檚 doorstep. |
| Fiscal storage services | It means a facility, clearly separated from other premises, where the excise goods are produced, processed, held, received or dispatched under a duty suspension arrangement by an authorized depositor, in the course of his business, under conditions laid down by the customs authorities. |
| Flat Bed | It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods. |
| Flatbed Truck | A flatbed truck is a type of truck with rigid design. It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods such as machinery, building supplies or equipment. Due to the truck open body, the goods transported with it must not be vulnerable to rain. By functionality, the flatbed truck is comparable to a flatbed trailer. |
| Freight Transit Time | Transit time is how long it takes for a shipment to be delivered to its final destination after being picked up from a designated pick up point. |
| Halal Logistics | It refers to the process of managing the logistics operations such as fleet management, storage/warehousing, and materials handling according to the principles of Shariah law in ensuring the integrity of the halal products at the point of consumption. |
| Haulage | The commercial transport of goods. |
| Inbound Logistics | Inbound logistics is the way materials and other goods are brought into a company. This process includes the steps to order, receive, store, transport and manage incoming supplies. Inbound logistics focuses on the supply part of the supply-demand equation. |
| Intermediate Demand | Intermediate demand includes goods, services, and maintenance and repair construction sold to businesses, excluding capital investment. |
| International Loaded | Place of loading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of unloading in a different country. |
| International Unloaded | Place of unloading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of loading in a different country. |
| Last Mile Delivery | Last mile delivery refers to the very last step of the delivery process when a parcel is moved from a transportation hub to its final destination鈥攚hich, usually, is a personal residence or retail store. |
| Less than-Truck-Load (LTL) | Less-than-truckload, also known as less-than-load (LTL), is a shipping service for relatively small loads or quantities of freight. An LTL provider combines the loads and shipping requirements of several different companies on their trucks, using a hub-and-spoke system to get goods to their destinations. |
| Locomotives Haluage | The transport of coal, ore, workers, and materials underground by means of locomotive-hauled mine cars. The locomotive may be powered by battery, diesel, compressed air, trolley, or some combination such as battery-trolley or trolley-cable reel. |
| Milkrun | A Milk Run is a delivery method used to transport mixed loads from various suppliers to one customer. Instead of each supplier sending a truck every week to meet the needs of one customer, one truck (or vehicle) visits the suppliers to pick up the loads for that customer. This method of transport got its name from the dairy industry practice, where one tanker used to collect milk from several dairy farms for delivery to a milk processing company. |
| Multi country consolidation | 鈥嬧婱ulti-Country Consolidation (MCC) is a cost-effective solution that consolidates ones cargo from different countries of origin to build Full Container Loads (FCL). MCC is most suitable for companies that import light volumes of goods from multiple countries but want to take advantage o鈥嬧媐 the more economic FCL freight rates. |
| Multi-Modal Logistics | Multimodal transportation or multimodal shipping refers to logistics and freight processes that require multiple modes of transportation. |
| Omni Channel Logistics | Omnichannel distribution is a multichannel approach taken by companies to give customers a way to purchase and receive orders from several sales channels with one-touch seamless integration. Some of the ways include- 1. Buy online, then pick-up at the brick and mortar store; 2. Buy online, then have it delivered to the home or another location; 3.In store purchase, with the delivery either to the home or another location; 4. Drop ship from a warehouse or manufacturing center to store, home or other location; 5.Buy online, then return at store or online; 6. Buy online, then return online. |
| OOG cargo | Out of Gauge (OOG) cargo is any cargo that can not be loaded into six-sided shipping containers simply because it is too large. The term is a very loose classification of all cargo with dimensions beyond the maximum 40HC container dimensions. That is a length beyond 12.05 meters 鈥 a width beyond 2.33 meters 鈥 or a height beyond 2.59 meters. |
| Other ships | Other ships include: Liquefied petroleum gas carriers, liquefied natural gas carriers, parcel (chemical) tankers, specialized tankers, reefers, offshore supply vessels, tugboats, dredgers, cruise, ferries, other non-cargo ships |
| Other Specialised Cargo | Other specialised goods include pre-slung goods (Goods, one or more items, supplied with a sling or slings), mobile units (Mobile Self Propelled Units, Non Self Propelled Units, unrolled vehicles), oversized equipment load (light and heavy machinery that is often too big or too heavy), high value freight that needs extra protection like electronics, financial services road freight. |
| Outsourced Freight Transport | Transport for hire or reward; The carriage for remuneration of goods. |
| Pallets | Raised platform, intended to facilitate the lifting and stacking of goods. |
| Part load | A part load describes goods which only fills a truck partially. In essence, the quantity of the shipment is bigger than the Less Than Truckload (LTL) shipment. Also, the shipment cannot fully occupy a truck i.e. its capacity is much lower than a Full Truckload (FTL) shipment. |
| Paved Road | Road surfaced with crushed stone (macadam) with hydrocarbon binder or bituminized agents, with concrete or with cobblestone. |
| Q-commerce | Q-commerce, also referred to as quick commerce, is a type of e-commerce where emphasis is on quick deliveries, typically in less than an hour. |
| Quay | A stone or metal platform lying alongside or projecting into water for loading and unloading ships. |
| Recommerce | Recommerce is the selling of previously owned items through online marketplaces to buyers who reuse, recycle or resell them. |
| ReverseLogistics | Reverse logistics is a type of supply chain management that moves goods from customers back to the sellers or manufacturers. |
| Road Freight Transport Service | Hiring a trucking agency for transport of commodities (raw materials or manufactured goods including both solids and liquids) form the origin to a destination within the country (domestic) or cross-border (international) constitutes road freight transport market. The service might be Full-Truck-Load or Less than-Truck-Load, containerized or non-containerized, temperature controlled or non temperature controlled, short haul or long haul. |
| Roll-on/roll-off cargo | Roll-on/roll-off (RORO or ro-ro) ships are cargo ships designed to carry wheeled cargo, such as cars, motorcycles, trucks, semi-trailer trucks, buses, trailers, and railroad cars, that are driven on and off the ship on their own wheels or using a platform vehicle, such as a self-propelled modular transporter. |
| Swap bodies | A swap body, swop body, exchangeable container or interchangeable unit, is one of the types of standard freight containers for road and rail transport. |
| Tank Barge | A non-self-propelled vessel constructed or adapted primarily to carry liquid, solid or gaseous commodities or cargos in bulk in cargo spaces (or tanks) through rivers and inland waterways, and may occasionally carry commodities or cargos through oceans and seas when in transit from one inland waterway to another. The commodities or cargos transported are in direct contact with the tank interior. |
| Tautliner vehicle | Tautliner and curtainsider are used as generic names for curtain sided trucks/trailers. The curtains are permanently fixed to a runner at the top and detachable rails/poles at front and rear, allowing the curtains to be drawn open and forklifts used all along the sides for easy and efficient loading and unloading. When closed for travel, vertical load restraint straps are attached to a rope rail beneath the truck bed, connecting the truck bed and curtain along both sides. Winches at either end of the curtain tension it, hence the 'Tautliner' name. This stops the curtain from flapping or drumming in the wind and can also help retain light loads from slipping sideways. |
| Transloading | Transloading is a shipping term that refers to the transfer of goods from one mode of transportation to another en route to their ultimate destination. |
| Tsubo | A Japanese unit of area equal to 35.58 square feet. |
| Unpaved Road | Road with a stabilized base not surfaced with crushed stone, hydrocarbon binder or bituminized agents, concrete or cobblestone. |
| Vessel Husbandry Services | It includes ship maintenance, repairs, cleaning, upkeep of the hull and rigging and equipment. |
Research Methodology
黑料不打烊 follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal聽terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms









