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Logistics Market

Global Logistics Market Share, Trends, Analysis, Outlook: By Model Type: 1 PL, 2 PL, 3 PL, Others; By Transportation Mode: Roadways, Seaways, Railways, Airways, By End User: Manufacturing, Consumer Goods and Retail, Food and Beverages, IT Hardware and Telecom, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Logistics Market Outlook

The global logistics market size reached a value of almost USD 10.59 trillion in the year 2023. The logistics market is further expected to grow at a CAGR of 6.3% between 2024 and 2032 to reach a value of almost USD 18.35 trillion by 2032.

 

Logistics Market

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The global logistics industry is driven by the significant growth in the online retail sector globally. The Asia Pacific is the leading regional market for logistics across the globe. The advancements in technology constituting automated material handling equipment, GPS, and biometrics are helping organisations and businesses to work competently, thereby stimulating the growth of the logistics market in the region.

 

Properties and Applications

Logistics is an indispensable element of supply chain management, which involves planning, managing, and coordinating the flow of resources from the source to the point of consumption.

 

Logistics Market

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The logistics market is divided on the basis of model type into:

  • 1 PL
  • 2 PL
  • 3 PL
  • Others

On the basis of transportation mode, the industry is segmented into:

  • Roadways
  • Seaways
  • Railways
  • Airways

Currently, roadways represent the leading segment in the market.

On the basis of end-use, the industry is divided into:

  • Manufacturing
  • Consumer Goods and Retail
  • Food and Beverages
  • IT Hardware and Telecom
  • Healthcare
  • Chemicals
  • Construction
  • Automotive
  • Oil and Gas
  • Others

Amongst these, consumer goods and retail accounts for the largest share in the total market.

The report also covers the regional markets of the service like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Logistics Market by Region

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Market Analysis 

The global logistics market is driven by the substantial growth in the e-commerce industry. This can be ascribed to the considerable rise in the sales of goods via online retail channels, which is further enhanced by the convenience offered by these platforms at a better price. The market is further aided by the efficient functioning of online deliveries through the use of logistics. In addition to this, various e-commerce platforms offer easy return and refund policies, which has resulted in an increase in the demand for reverse logistics processes with flexible services like tracking facilities. Besides, increasing focus on sustainable development has led to an accelerating demand for green logistics that offer sustainable transport solutions. Other factors that are predicted to positively influence the logistics market growth include constant technological advancements, the integration of biometrics, increasing international trade agreements, Bluetooth, driverless vehicle, GPS, and drone delivery. 

 

Competitive Landscape 

The report gives a detailed analysis of the following key players in the global logistics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • J.B. Hunt Transport Services, Inc.
  • CEVA Logistics AG
  • XPO, Inc.
  • Global Leader, Inc.
  • Kenco Group Inc.
  • Deutsche Post AG
  • Kuehne + Nagel International AG
  • FedEx Corporation
  • United Parcel Service, Inc.
  • A.P. Møller – Mærsk A/S
  • Expeditors International of Washington Inc.
  • GXO Logistics, Inc.
  • DSV A/S
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Model Type
  • Transportation Mode
  • End User
  • Region
Breakup by Model Type
  • 1 PL
  • 2 PL
  • 3 PL
  • Others
Breakup by Transportation Mode
  • Roadways
  • Seaways
  • Railways
  • Airways
Breakup by End User
  • Manufacturing
  • Consumer Goods and Retail
  • Food and Beverages
  • IT Hardware and Telecom
  • Healthcare
  • Chemicals
  • Construction
  • Automotive
  • Oil and Gas
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • J.B. Hunt Transport Services, Inc.
  • CEVA Logistics AG
  • XPO, Inc.
  • Global Leader, Inc.
  • Kenco Group Inc.
  • Deutsche Post AG
  • Kuehne + Nagel International AG
  • FedEx Corporation
  • United Parcel Service, Inc.
  • A.P. Møller – Mærsk A/S
  • Expeditors International of Washington Inc.
  • GXO Logistics, Inc.
  • DSV A/S
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Logistics Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Logistics Historical Market (2018-2023) 
    8.3    Global Logistics Market Forecast (2024-2032)
    8.4    Global Logistics Market by Model Type
        8.4.1    1 PL
            8.4.1.1    Historical Trend (2018-2023) 
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    2 PL
            8.4.2.1    Historical Trend (2018-2023) 
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    3 PL
            8.4.3.1    Historical Trend (2018-2023) 
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Logistics Market by Transportation Mode
        8.5.1    Roadways 
            8.5.1.1    Historical Trend (2018-2023) 
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Seaways 
            8.5.2.1    Historical Trend (2018-2023) 
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Railways
            8.5.3.1    Historical Trend (2018-2023) 
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Airways
            8.5.4.1    Historical Trend (2018-2023) 
            8.5.4.2    Forecast Trend (2024-2032)
    8.6    Global Logistics Market by End User
        8.6.1    Manufacturing
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Consumer Goods and Retail
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Food and Beverages
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    IT Hardware and Telecom
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Healthcare
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Chemicals
            8.6.6.1    Historical Trend (2018-2023) 
            8.6.6.2    Forecast Trend (2024-2032)
        8.6.7    Construction
            8.6.7.1    Historical Trend (2018-2023) 
            8.6.7.2    Forecast Trend (2024-2032)
        8.6.8    Automotive
            8.6.8.1    Historical Trend (2018-2023) 
            8.6.8.2    Forecast Trend (2024-2032)
        8.6.9    Oil and Gas
            8.6.9.1    Historical Trend (2018-2023) 
            8.6.9.2    Forecast Trend (2024-2032)
        8.6.10    Others
    8.7    Global Logistics Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Logistics Market Analysis
    9.1    Market by Model Type
    9.2    Market by Transportation Mode
    9.3    Market by End User
    9.4    Market by Country
        9.4.1    United States of America 
            9.4.1.1    Historical Trend (2018-2023) 
            9.4.1.2    Forecast Trend (2024-2032)
        9.4.2    Canada
            9.4.2.1    Historical Trend (2018-2023) 
            9.4.2.2    Forecast Trend (2024-2032)
10    Europe Logistics Market Analysis
    10.1    Market by Model Type
    10.2    Market by Transportation Mode
    10.3    Market by End User
    10.4    Market by Country
        10.4.1    United Kingdom
            10.4.1.1    Historical Trend (2018-2023) 
            10.4.1.2    Forecast Trend (2024-2032)
        10.4.2    Germany
            10.4.2.1    Historical Trend (2018-2023) 
            10.4.2.2    Forecast Trend (2024-2032)
        10.4.3    France
            10.4.3.1    Historical Trend (2018-2023) 
            10.4.3.2    Forecast Trend (2024-2032)
        10.4.4    Italy
            10.4.4.1    Historical Trend (2018-2023) 
            10.4.4.2    Forecast Trend (2024-2032)
        10.4.5    Others
11    Asia Pacific Logistics Market Analysis
    11.1    Market by Model Type
    11.2    Market by Transportation Mode
    11.3    Market by End User
    11.4    Market by Country
        11.4.1    China
            11.4.1.1    Historical Trend (2018-2023) 
            11.4.1.2    Forecast Trend (2024-2032)
        11.4.2    Japan
            11.4.2.1    Historical Trend (2018-2023) 
            11.4.2.2    Forecast Trend (2024-2032)
        11.4.3    India
            11.4.3.1    Historical Trend (2018-2023) 
            11.4.3.2    Forecast Trend (2024-2032)
        11.4.4    ASEAN
            11.4.4.1    Historical Trend (2018-2023) 
            11.4.4.2    Forecast Trend (2024-2032)
        11.4.5    South Korea
            11.4.5.1    Historical Trend (2018-2023) 
            11.4.5.2    Forecast Trend (2024-2032)
        11.4.6    Australia
            11.4.6.1    Historical Trend (2018-2023) 
            11.4.6.2    Forecast Trend (2024-2032)
        11.4.7    Others
12    Latin America Logistics Market Analysis
    12.1    Market by Model Type
    12.2    Market by Transportation Mode
    12.3    Market by End User
    12.4    Market by Country
            12.4.1.1    Historical Trend (2018-2023) 
            12.4.1.2    Forecast Trend (2024-2032)
        12.4.2    Argentina
            12.4.2.1    Historical Trend (2018-2023) 
            12.4.2.2    Forecast Trend (2024-2032)
        12.4.3    Mexico
            12.4.3.1    Historical Trend (2018-2023) 
            12.4.3.2    Forecast Trend (2024-2032)
        12.4.4    Others
13    Middle East and Africa Logistics Market Analysis
    13.1    Market by Model Type
    13.2    Market by Transportation Mode
    13.3    Market by End User
    13.4    Market by Country
        13.4.1    Saudi Arabia
            13.4.1.1    Historical Trend (2018-2023) 
            13.4.1.2    Forecast Trend (2024-2032)
        13.4.2    United Arab Emirates
            13.4.2.1    Historical Trend (2018-2023) 
            13.4.2.2    Forecast Trend (2024-2032)
        13.4.3    Nigeria
            13.4.3.1    Historical Trend (2018-2023) 
            13.4.3.2    Forecast Trend (2024-2032)
        13.4.4    South Africa
            13.4.4.1    Historical Trend (2018-2023) 
            13.4.4.2    Forecast Trend (2024-2032)
        13.4.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    J.B. Hunt Transport Services, Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    CEVA Logistics AG
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    XPO, Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Global Leader, Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Kenco Group Inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Deutsche Post AG
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications 
        15.2.7    Kuehne + Nagel International AG
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    FedEx Corporation
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    United Parcel Service, Inc.
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    A.P. Møller – Mærsk A/S
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Expeditors International of Washington Inc.
            15.2.11.1    Company Overview
            15.2.11.2    Product Portfolio
            15.2.11.3    Demographic Reach and Achievements
            15.2.11.4    Certifications
        15.2.12    GXO Logistics, Inc.
            15.2.12.1    Company Overview
            15.2.12.2    Product Portfolio
            15.2.12.3    Demographic Reach and Achievements
            15.2.12.4    Certifications
        15.2.13    DSV A/S
            15.2.13.1    Company Overview
            15.2.13.2    Product Portfolio
            15.2.13.3    Demographic Reach and Achievements
            15.2.13.4    Certifications
        15.2.14    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Logistics Market: Key Industry Highlights, 2018 and 2032
2.    Global Logistics Historical Market: Breakup by Model Type (USD Million), 2018-2023
3.    Global Logistics Market Forecast: Breakup by Model Type (USD Million), 2024-2032
4.    Global Logistics Historical Market: Breakup by Transportation Mode (USD Million), 2018-2023
5.    Global Logistics Market Forecast: Breakup by Transportation Mode (USD Million), 2024-2032
6.    Global Logistics Historical Market: Breakup by End User (USD Million), 2018-2023
7.    Global Logistics Market Forecast: Breakup by End User (USD Million), 2024-2032
8.    Global Logistics Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Logistics Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Logistics Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Logistics Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Logistics Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Logistics Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Logistics Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Logistics Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Logistics Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Logistics Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Logistics Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Logistics Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Global Logistics Market Structure

Key Questions Answered in the Report

In 2023, the global logistics market attained a value of nearly USD 10.59 trillion.

The market is projected to grow at a CAGR of 6.3% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 18.35 trillion by 2032.

The major drivers of the industry, such as the growing retail sector, particularly e-commerce, rising disposable incomes, rapid urbanisation, and growing technological advancements are expected to aid the market growth.

The key market trends guiding the growth of the logistics market include the increased deployment of automated material handling equipment, growing preference for green logistics solutions, and the rising popularity of drone delivery within the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest market share. 

2 PL is the leading model type in the industry.

The transportation mode segment is led by roadways.  

The consumer goods and retail sector is the dominant end use sector of the product. 

The major players in the industry are J.B. Hunt Transport Services, Inc., CEVA Logistics AG, XPO, Inc., Global Leader, Inc., Kenco Group Inc., Deutsche Post AG, Kuehne + Nagel International AG, FedEx Corporation, United Parcel Service, Inc., A.P. Møller – Mærsk A/S, Expeditors International of Washington Inc., GXO Logistics, Inc., and DSV A/S, among others.

Analyst Review

The global logistics market attained a value of USD 10.59 trillion in 2023, driven by the increased popularity of online shopping and, thus, the rapid growth of the e-commerce industry. Aided by the increased adoption of automated material handling equipment and growing demand for green logistics solutions, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 6.3%. The logistics market is projected to reach USD 18.35 trillion by 2032.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its model type, the 2 PL sector accounts for the largest market share. On the basis of transportation mode, the roadways segment accounts for the leading share in the industry. Based on end-use sector, the consumer goods and retail sector exhibits a clear dominance in the industry. The major regional markets for the service are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the industry. The key players in the above industry include J.B. Hunt Transport Services, Inc., CEVA Logistics AG, XPO, Inc., Global Leader, Inc., Kenco Group Inc., Deutsche Post AG, Kuehne + Nagel International AG, FedEx Corporation, United Parcel Service, Inc., A.P. Møller – Mærsk A/S, Expeditors International of Washington Inc., GXO Logistics, Inc., and DSV A/S, among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.  

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