Global Logistics Market Size, Share, Growth, Forecast: 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, Healthcare, Chemicals, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Logistics Market Size

The global logistics market 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 Outlook

• In 2021, worldwide air freight logistics traffic reached 65.6 million metric tons, which increased to 68.4 billion metric tons in 2022. Leading air freight carriers include FedEx, UPS, and Qatar Airways.

• As per industry reports, the logistics moved by road in India accounted for USD 220 billion in 2021, with the majority focused on intercity roads, holding an 86% market share.

• In the European Union, international transport accounted for 25.4% of total road freight transport in 2022, showing a 1.0% increase from the previous year.

• In 2022, the average load for total transport in the EU stood at 14.4 tonnes, with national transport averaging 13.6 tonnes and international transport averaging 15.9 tonnes.

• In January 2024, Evri, the largest parcel service in the United Kingdom, and JD.com (Jingdong) established a partnership for the sale of European products through JD.com’s marketplace. This initiative was aimed at enhancing the growth of British and European businesses.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Logistics Market Growth Rate

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.

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 using 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 development include constant technological advancements, the integration of biometrics, increasing international trade agreements, Bluetooth, driverless vehicle, GPS, and drone delivery.

Key Trends and Developments

Adoption of automated vehicles, investments in improving road infrastructure, and focus on data driven decision making have resulted in logistics market expansion

February 2024

FedEx has invested USD 350 million in a cutting-edge hub at Dubai World Central Airport in Dubai South, enhancing global logistics and connectivity.

February 2024

J.B. Hunt Transport Services Inc. announced a multi-year intermodal service agreement with Walmart. This partnership aims to increase the efficiency and reliability of Walmart's logistics operations by leveraging J.B. Hunt's expertise in intermodal transportation and supply chain management.

January 2024

UPS secured a major air cargo contract with the USPS. The expanded partnership will leverage UPS's extensive air network and logistics expertise to improve the speed and reliability of USPS's package delivery services across the United States.

March 2023

CEVA Logistics integrated GEFCO into its logistics division. GEFCO is a European leader in automotive logistics and will allow CEVA Logistics to strengthen its range of logistics services, especially in France and the rest of Europe.

Adoption of automation and artificial intelligence

Automation and artificial intelligence are transforming the logistics industry by streamlining operations and enhancing efficiency. Companies like Amazon are utilising AI-powered robots in their warehouses, which not only improves operational efficiency but also enhances the overall customer experience through faster and more accurate delivery.

Focus on sustainability and green initiatives

Companies like UPS are investing in electric vehicles and renewable energy sources to reduce their carbon footprint. The adoption of sustainable logistics practices not only contributes to a greener environment but also enhances a company's reputation and competitive edge.

Last-mile delivery innovations

Last-mile delivery, the final step of a product's journey to the customer, is undergoing significant innovations. Companies like DHL are testing drone delivery services to reach remote areas efficiently. These innovations ensure quicker, more convenient, and contactless deliveries, particularly in urban areas.

Rise in data-driven decision making

Data analytics is revolutionising logistics management by enabling companies to optimise routes, predict demand, and enhance overall efficiency. FedEx uses predictive analytics to forecast package volumes during peak seasons, allowing them to allocate resources effectively.

Logistics Market Trends

Other key factors aiding the global market for logistics include the demand for enhanced infrastructure to support economic growth, the development of infrastructure leading to increased efficiency in transport, and the creation of commercial and entrepreneurship opportunities.

Additionally, investments in roads, railways, aviation, shipping, and inland waterways play a crucial role in boosting the logistics market growth. Initiatives such as the establishment of the Infrastructure Finance Secretariat to encourage private investment in infrastructure, the opening of national highway projects, and collaborations between governments for infrastructure development further contribute to the growth of the market on a global scale.

Moreover, the adoption of advanced technologies such as Internet of Things (IoT) services and innovative software solutions like Project44 and FourKites is propelling the logistics industry towards enhanced operational efficiency and customer satisfaction.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Logistics Industry Segmentation

The EMR’s report titled “Logistics Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Model Type

• 1 PL

• 2 PL

• 3 PL

• Others

Market Breakup by Transportation Mode

• Roadways

• Seaways

• Railways

• Airways

Market Breakup by End User

• Manufacturing

• Consumer Goods and Retail

• Food and Beverages

• IT Hardware and Telecom

• Healthcare

• Chemicals

• Construction

• Automotive

• Oil and Gas

• Others

Market Breakup by Region

• North America

• Europe 

• Asia Pacific 

• Latin America 

• Middle East and Africa

Logistics Market Share

Roadways logistics augments the market growth due to the rising demand for last-mile delivery services

Roadways, with their extensive reach and cost-effective nature, hold a significant market share. FedEx and UPS rely heavily on road transportation for their last-mile delivery services, ensuring efficient and timely delivery of packages to customers' doorsteps. The flexibility and accessibility of roadways make them a preferred choice for transporting goods.

Seaways, characterised by their ability to transport large volumes of goods over long distances, are experiencing notable growth in the logistics market. The expansion of trade routes, such as the Panama Canal, has facilitated faster and more cost-effective transportation of goods between continents.

Meanwhile, while air transportation is costlier than other modes, its ability to reduce transit times significantly makes it indispensable for industries requiring expedited logistics services. DHL Express and FedEx Express leverage air transportation to deliver time-sensitive, high-value, and urgent shipments worldwide within tight deadlines.

Food and beverage sector hold a significant market share as it relies on temperature-controlled logistics

In the food and beverages sector, efficient and timely transportation is crucial due to the perishable nature of goods. Temperature-controlled transportation and adherence to food safety regulations are essential in this sector to preserve product integrity throughout the supply chain.

In the IT hardware and telecom sector, logistics services must cater to delicate and high-value equipment like computers, servers, and networking devices. UPS, FedEx, and DB Schenker offer tailored solutions for the transportation and distribution of IT hardware and telecom products, incorporating advanced tracking systems and secure packaging to prevent damage.

As per logistics market analysis, the healthcare industry also relies heavily on efficient logistics for the transportation of pharmaceuticals, medical devices, and equipment. Companies such as UPS Healthcare, DHL Life Sciences, and Kuehne + Nagel specialise in healthcare logistics, providing services like cold chain management and regulatory compliance to ensure the safe and timely delivery of critical medical supplies.

In the chemicals sector, logistics providers like CMA CGM, CEVA Logistics, and DHL Chemicals offer expertise in handling hazardous materials, ensuring compliance with international regulations and safety standards. Effective risk management strategies, including proper labeling, packaging, and handling protocols, are essential to mitigate potential hazards and ensure the safe transportation of chemicals.

Leading Companies in the Logistics Market

Market players are focusing on enhancing customer service, improving the quality of services, and investing in technology-driven logistics solutions

CMA CGM Group (CEVA Logistics AG) was founded in 2005 and is based in Cournon-d'Auvergne, France. It offers comprehensive supply chain management, logistics, and freight forwarding services. CEVA is recognised for its expertise in optimising supply chains for businesses across various industries.

Deutsche Post AG was founded in 1995 and has its headquarters in Bonn, Germany. It is a prominent player in the postal services, logistics, and parcel delivery sectors. The company's extensive network and focus on technological advancements have positioned it as a leader in the global logistics industry.

Kuehne + Nagel International AG was established in 1890 and is headquartered in Switzerland, United Kingdom. Specialising in logistics, supply chain management, and freight forwarding services, company is renowned for its commitment to sustainability and providing customer-specific tailored solutions.

FedEx Corporation, founded in 1973 and headquartered in the United States is a global leader in shipping, transportation, and e-commerce services, connects people and possibilities worldwide through its integrated business applications. Renowned for exceptional service, FedEx Express, the world's largest cargo airline, serves over 220 countries with time-definite air-ground services.

Evri Limited is a part of German retail company known as Otto GmbH. It was founded in 1974 and is headquartered in the United Kingdom. It operates in the logistics and retail sector, offering services such as fast delivery, one-day delivery, international shipping, and locker services, among others.

Other key players in the global logistics market  include Schenker AG, C.H. Robinson Worldwide Inc., Nippon Express Co., Ltd., Kintetsu World Express Inc., TSI Group Inc., XPO, Inc., United Parcel Service, Inc., A.P. Møller – Mærsk A/S, Expeditors International of Washington Inc., GXO Logistics, Inc., and DSV A/S, among others.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Logistics Market Analysis by Region

North America leads the market due to its robust e-commerce sector and well-developed transportation infrastructure

North America dominates the logistics market share as it boasts a robust economy, extensive manufacturing activities, and a thriving e-commerce sector. The United States, a key player in the region, benefits from well-developed transportation infrastructure, including advanced road networks, efficient rail systems, and modern air and maritime ports. This infrastructure supports the seamless movement of goods and services, contributing to the region's dominance.

However, the Asia-Pacific region emerges as a rapidly growing market in the global logistics landscape. China, with its vast manufacturing base and booming e-commerce industry, stands out as a key player in the Asia Pacific logistics market. The region's focus on enhancing transportation infrastructure, such as high-speed rail networks and modern port facilities, further propels its logistics sector forward. Markets like Japan, India, and Southeast Asian countries are also witnessing increased trade activities, creating a surge in demand for logistics services.

Key Highlights of the Report

Read Our Best Selling Reports

Machining Centres Market

Middle East Copper Rod and Busbar Market

Netherlands Rainwater Harvesting Market

Over The Top (OTT) Market

Pallet Market

Peptone Market

Polybutadiene Market

Potato Starch Market

Roofing Market

Saudi Arabia HVAC Market

Logistics Market Report Snapshots

Logistics Market Size

Logistics Market Share

Logistics Market Growth

Logistics Market Trends

Logistics Market Regional Analysis

Logistics Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.