Logistics Market size was valued at USD 277.11 Bn in 2023 and is expected to reach USD 450.83 Bn by 2030, at a CAGR of 7.2%.
What is Logistics Market scope ?
The global logistics market was valued at USD 277.11 billion in 2023 and is projected to reach USD 450.83 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.2%. The logistics market encompasses the planning, implementation, and control of material and information flow from suppliers to customers. It plays a crucial role in meeting customer demands efficiently while ensuring profitability. The report includes detailed analyses of market drivers, opportunities, and segmentations, validated through rigorous primary and secondary research methodologies.
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Logistics Market Trends?
Several key trends are shaping the logistics market. Globalization and trade liberalization have significantly increased the demand for logistics services, particularly in regions like the United States, which benefits from evolving global trade dynamics. The surge in e-commerce has further accelerated the need for effective logistics solutions, especially with the rise of online shopping. Technology is revolutionizing the industry, with innovations such as the Internet of Things (IoT), real-time issue resolution platforms, and advanced software solutions driving growth. Countries like China and Germany are at the forefront of these technological advancements.
What are Logistics Market Dynamics ?
The logistics market is influenced by several dynamics. Globalization and trade liberalization have created a robust demand for logistics services, particularly as free trade agreements facilitate easier global trade. The e-commerce boom has heightened the need for efficient logistics solutions, while technological advancements are reshaping the sector. Innovations in route optimization and automation are transforming logistics operations, with countries like the United Kingdom leading in this regard. However, challenges such as logistical inefficiencies, environmental impacts, and regulatory hurdles pose significant restraints on market growth.
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How is the Asia Pacific region of Expected to grow ?
The Asia Pacific region is experiencing a market boom, driven by the flourishing global e-commerce market and the expansion of the middle-class population. Key players, such as Alibaba’s Cainiao and JD Logistics, are actively investing in technology-driven logistics solutions, aligning with the logistics Amazon.com marketing approach. China is a logistics giant, central to the global market, while India’s market exhibits immense potential. Infrastructure development and government initiatives are fueling growth in this region, offering fertile ground for market expansion. Europe’s market is well-established and recognized for its efficient transportation and supply chain networks. Sustainability and green logistics practices are prominent here, with a strong emphasis on reducing carbon emissions, aligning with global sustainability commitments. The European logistics market, shaped by Brexit-related challenges, exhibits an innovative approach to cross-border logistics, emphasizing efficiency and sustainability. Companies like DHL, DB Schenker, and CMA CGM are pivotal players in this landscape, resonating with the logistics market share of Germany.
what is the expected growth of by type segmentation ?
The logistics market is segmented by transportation mode, logistics type, and end-use sector. Roadways transportation dominates the market, followed by airways, with road transportation holding a substantial market share. Third-party logistics is the leading logistics type, while the manufacturing sector holds the largest share in end-use applications. The healthcare segment is expected to grow significantly, reflecting the essential role of logistics in various sectors.
by Logistics Type
First Party
Second Party
Third Party
What is Logistics Market Segmentation
by Transportation Mode
Railways
Roadways
Waterways
Airways
by Logistics Type
First Party
Second Party
Third Party
by End Use
Healthcare
Manufacturing
Aerospace
Telecommunication
Government & Public Utilities
Banking & Financial Services
Retail
Media & Entertainment
Technology
Trade & Transportation
Others
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What are the key Players for Logistics Market
1. Ceva
2. Lineage Logistics
3. DHL
4. Geodis logistic.
5. Americold Logistics
6. C.H. Robinson Worldwide
7. Expeditors
8. DHL Supply Chain
9. Kerry Logistics
10. Expeditors International of Washington Inc
11. GXO Logistics
12. Kuehne + Nagel International AG
13. Maersk
14. DHL Service Point
15. J. B. Hunt
16. XPO
17. DSC Logistics
Key Offerings:
- Past Market Size and Competitive Landscape
- Logistics Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Logistics Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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