Logistics Market is set to see Revolutionary growth in decade (2024)

"Logistics Market" Research Report 2023-2031 | Provides a thorough Overview of the market's main Types [First-party logistics, Second-party logistics, Third-party logistics, Others] and Applications [Healthcare, Manufacturing, Trade and Transportation, Telecommunication, Government and Public Utilities, Banking and Financial Services, Retail, Media and Entertainment, Information Technology, Others], Including growth factors, market Dynamics, and Competitive Analysis. The most important facts and numbers for the prediction period up to 2031 are presented in our report's 103 Pages and Tables. The market is anticipated to expand at a magnificent Compound Annual Growth Rate (CAGR) during the forecast period

Browse Detailed TOC, Tables and Figures with Charts that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

Who is the largest manufacturers of Logistics Market worldwide?

  • XPO Logistics Inc.
  • Geodis
  • Dsv Global Transports And Logistics
  • C.H. Robinson Worldwide, Inc.
  • J.B. Hunt Transport Services
  • The Maersk Group
  • UTi Worldwide Inc.
  • FedEx Corp
  • Kuehne+Nagel
  • Americold Logistics, LLC
  • Kenco Group
  • SNCF Logistics
  • Ceva Holdings LLC
  • Deutsche Post DHL Group
  • Expeditors International of Washington Inc.
  • Db Schenker Logistics
  • United Parcel Service, Inc.
  • Panalpina

Short Description About Logistics Market:

The Global Logistics market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2031. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

The Logistics market revenue was Million USD in 2016, grew to Million USD in 2020, and will reach Multi Million USD in 2026, with a Impressive CAGR during 2020-2026.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Logistics. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.

Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2022-2029.

Logistics Market size is projected to reach Multimillion USD by 2029, In comparison to 2022, at unexpected CAGR during 2022-2029.

Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.

This report focuses on the Logistics in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

The report focuses on the Logistics market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain.

Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Consumer behavior analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the Logistics market.

What are the factors driving the growth of the Logistics Market?

Growing demand for below applications around the world has had a direct impact on the growth of the Logistics

  • Healthcare
  • Manufacturing
  • Trade and Transportation
  • Telecommunication
  • Government and Public Utilities
  • Banking and Financial Services
  • Retail
  • Media and Entertainment
  • Information Technology
  • Others

What are the types of Logistics available in the Market?

Based on Product Types the Market is categorized into Below types that held the largest Logistics market share In 2023.

  • First-party logistics
  • Second-party logistics
  • Third-party logistics
  • Others

Which regions are leading the Logistics Market?

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
  • South America (Brazil, Argentina, Columbia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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This Logistics Market Research/Analysis Report Contains Answers to your following Questions

  • What are the global trends in the Logistics market? Would the market witness an increase or decline in the demand in the coming years?
  • What is the estimated demand for different types of products in Logistics? What are the upcoming industry applications and trends for Logistics market?
  • What Are Projections of Global Logistics Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
  • Where will the strategic developments take the industry in the mid to long-term?
  • What are the factors contributing to the final price of Logistics? What are the raw materials used for Logistics manufacturing?
  • How big is the opportunity for the Logistics market? How will the increasing adoption of Logistics for mining impact the growth rate of the overall market?
  • How much is the global Logistics market worth? What was the value of the market In 2020?
  • Who are the major players operating in the Logistics market? Which companies are the front runners?
  • Which are the recent industry trends that can be implemented to generate additional revenue streams?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Logistics Industry?

Logistics Market - Covid-19 Impact and Recovery Analysis:

We were monitoring the direct impact of covid-19 in this market, further to the indirect impact from different industries. This document analyzes the effect of the pandemic on the Logistics market from a international and nearby angle. The document outlines the marketplace size, marketplace traits, and market increase for Logistics industry, categorised with the aid of using kind, utility, and patron sector. Further, it provides a complete evaluation of additives concerned in marketplace improvement in advance than and after the covid-19 pandemic. Report moreover done a pestel evaluation within the business enterprise to study key influencers and boundaries to entry.

Our studies analysts will assist you to get custom designed info to your report, which may be changed in phrases of a particular region, utility or any statistical info. In addition, we're constantly inclined to conform with the study, which triangulated together along with your very own statistics to make the marketplace studies extra complete for your perspective.

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Final Report will add the analysis of the impact of Russia-Ukraine War and COVID-19 on this Logistics Industry.

Detailed TOC of Global Logistics Market Research Report, 2023-2031

1 Market Overview 1.1 Product Overview and Scope of Logistics 1.2 Classification of Logistics by Type 1.2.1 Overview: Global Logistics Market Size by Type: 2017 Versus 2022 Versus 2031 1.2.2 Global Logistics Revenue Market Share by Type in 2022 1.3 Global Logistics Market by Application 1.3.1 Overview: Global Logistics Market Size by Application: 2017 Versus 2022 Versus 2031 1.4 Global Logistics Market Size and Forecast 1.5 Global Logistics Market Size and Forecast by Region 1.6 Market Drivers, Restraints and Trends 1.6.1 Logistics Market Drivers 1.6.2 Logistics Market Restraints 1.6.3 Logistics Trends Analysis

2 Company Profiles 2.1 Company 2.1.1 Company Details 2.1.2 Company Major Business 2.1.3 Company Logistics Product and Solutions 2.1.4 Company Logistics Revenue, Gross Margin and Market Share (2020,2021,2022, and 2023) 2.1.5 Company Recent Developments and Future Plans

3 Market Competition, by Players 3.1 Global Logistics Revenue and Share by Players (2020,2021,2022, and 2023) 3.2 Market Concentration Rate 3.2.1 Top3 Logistics Players Market Share in 2022 3.2.2 Top 10 Logistics Players Market Share in 2022 3.2.3 Market Competition Trend 3.3 Logistics Players Head Office, Products and Services Provided 3.4 Logistics Mergers and Acquisitions 3.5 Logistics New Entrants and Expansion Plans

4 Market Size Segment by Type 4.1 Global Logistics Revenue and Market Share by Type (2017-2023) 4.2 Global Logistics Market Forecast by Type (2023-2031)

5 Market Size Segment by Application 5.1 Global Logistics Revenue Market Share by Application (2017-2023) 5.2 Global Logistics Market Forecast by Application (2023-2031)

6 Regions by Country, by Type, and by Application 6.1 Logistics Revenue by Type (2017-2031) 6.2 Logistics Revenue by Application (2017-2031) 6.3 Logistics Market Size by Country 6.3.1 Logistics Revenue by Country (2017-2031) 6.3.2 United States Logistics Market Size and Forecast (2017-2031) 6.3.3 Canada Logistics Market Size and Forecast (2017-2031) 6.3.4 Mexico Logistics Market Size and Forecast (2017-2031)

7 Research Findings and Conclusion

8 Appendix 8.1 Methodology 8.2 Research Process and Data Source 8.3 Disclaimer

9 Research Methodology

10 Conclusion

Continued….

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Logistics Market is set to see Revolutionary growth in decade (2024)

FAQs

Logistics Market is set to see Revolutionary growth in decade? ›

The Global Logistics market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2031. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Is the logistics industry growing? ›

The global freight & logistics market is forecast to grow to $18.69 billion by 2026 at a compound annual growth rate (CAGR) of 4.4%. Looking solely at logistics, the global logistics market is expected to reach $6.55 trillion by 2027, growing at a CAGR of 4.7% between 2022 and 2027.

How did logistics evolve over time? ›

Logistics has evolved significantly throughout history, adapting to changing societal needs and technological advancements. Antiquity: the origin of logistics can be traced back to Mesopotamia, Egypt, China and Rome. These ancient civilisations devised transport and storage systems to supply armies, cities and trade.

What is the future of the logistics industry? ›

The future of logistics is being shaped by various key trends that are transforming the industry. Digitalization and automation are streamlining operations, while big data and predictive analytics are optimizing supply chain performance.

Which is the fastest growing logistics market in the world? ›

As of 2024, the Asia Pacific region is poised to claim the title of the fastest growing logistics market, underpinned by rapid industrialization, expanding e-commerce sectors, and significant infrastructural investments.

What is the biggest problem in logistics? ›

Here are the top ten most common logistical problems, and how to overcome them:
  1. Rising fuel costs. ...
  2. Lack of planning and forecasting. ...
  3. Inefficient employee management. ...
  4. Rising fleet maintenance costs. ...
  5. Poor communication between the customer and courier. ...
  6. Damaged goods during transit. ...
  7. Poor coordination for multiple deliveries.
May 20, 2024

What is the current trend in logistics? ›

Digital Transformation: India's logistics industry is on the cusp of a digital revolution. It is embracing cutting-edge technologies like the Internet of Things (IoT), Artificial Intelligence (AI), and Big Data analytics to optimize supply chain operations and streamline processes.

Why is logistics becoming more important? ›

Importance of Logistics

In business, success in logistics translates to increased efficiencies, lower costs, higher production rates, better inventory control, smarter use of warehouse space, increased customer and supplier satisfaction, and an improved customer experience.

Who is the father of logistics? ›

General Augustine Warner Robins (September 29, 1882 – June 16, 1940) is often credited as the Father of Logistics in the modern United States Air Force, then known as the Army Air Corps.

How technology is changing the logistics industry? ›

Technology is reshaping the transportation and logistics industry, propelled by the dynamic duo of automation and digitization. Automation Boosts Efficiency: Automation, from autonomous vehicles to robotic warehouses, streamlines operations, minimizing errors, and optimizing resource utilization.

What is the future outlook for logistics? ›

Additionally, trends such as reshoring and nearshoring are contributing to the changing logistics landscape, and that's unlikely to slow down. According to a survey by Accenture, over the next three years, 78% of companies plan to use multiple sites to produce products, compared to just 41% in 2023.

What are the 7 R's of logistics? ›

It consists of designing, planning, managing, implementing, and tracking the activities associated with the supply chain. Before describing 7R briefly, the R written above denotes, Right Product, Right condition, Right quantity, Right Place, Right customer, Right price, and Right time.

What is the new term for logistics? ›

The terms logistics and supply chain management are sometimes used interchangeably. Some say there is no difference between the two terms, that supply chain management is the “new” logistics.

Is logistics a growing industry? ›

The logistics industry is experiencing rapid growth and expansion due to customer demands, the boom of global e-commerce, rising trade agreements, and advancements in information technology.

Who is the world leader in logistics? ›

Interactive Map: Where The Top 100 Are
Rank This YearCompanyGross Revenue (Millions)
1C.H. Robinson Worldwide$22,355
2Expeditors International of Washington$16,524
3UPS Supply Chain Solutions$14,639
4Kuehne + Nagel Americas$12,980
85 more rows

What is the largest US logistics company? ›

The biggest logistics company in the United States is UPS.

Is there a demand for logistics? ›

According to a Report by the World Economic Forum, Logistics is one of the Top 10 Fastest-Growing Industries in the World. Notable of the Reasons why Logistics is a Growing Field: The Increasing Demand for Goods and Services: As the World Population Grows, so does the Demand for Goods and Services.

Is logistics in demand in USA? ›

The Bureau of Labor Statistics projects 18.3% employment growth for logisticians between 2022 and 2032. In that period, an estimated 38,300 jobs should open up. Logisticians are an essential part of the supply chain.

Is the freight industry growing? ›

Yes! Despite the somewhat dismal outlook of the trucking industry through the remainder of 2023, the trucking industry market size is expected to grow at a 3.0% CAGR through 2027. Additionally, truck driver jobs are expected to grow 6% through 2030.

Is logistics a stressful industry? ›

With its relentless deadlines, long hours, and constant pressure, logistics has a reputation for being a highly stressful field. However, with the proper strategies and mindset, it's possible to manage the stressors and find immense satisfaction in keeping global supply chains running smoothly.

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