The report below gives a good overview of the Winter 2023 M&A activity in the Transport, Logistics and Supply Chain Industry Sector. The global transportation market is estimated to grow from $6.5 trillion in 2021 to $7.1 trillion in 2022 at a CAGR of 9.9% as per the report published by Business Wire, and the market is expected to reach $10.0 trillion by 2026, growing at a CAGR of 9.6% during the period 2022-. Similarly, the global logistics market is estimated to reach $5.2 trillion in 2022 at a CAGR of 4.5%, during the period 2023-28, to reach $6.8 trillion by 2028, as per report published by IMARC Group. The global trucking industry is moving towards becoming a decarbonized sector as the international giants of the logistics sector, like Amazon and DHL, have planned to invest heavily in the electrification of the transportation network to cut down on the fuel & maintenance cost. EV manufacturers, like Tesla and Volvo, find it an opportune phase to launch the electric heavy vehicle segment and are actively involved in amping up the lithium supply to accelerate the shift to electric transportation. In order to reduce the dependence on lithium, the EV manufacturers are experimenting with "Iron Air" battery which is currently at the R&D level and may prove to be a game-changer in the future. These major players in the industry have committed to meet the growing customer demand for green and sustainable solutions and achieve the long-term goal of net zero emissions by 2050.
Posted by Peter Heydenrych.