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Logistics Market

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.

 

Logistics Market

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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.

 

Logistics Market

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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.

 

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.

 

Logistics Market by Region

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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

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 Analysis
  • Porter's Five Forces Analysis
  • 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
  • FedEx Corporation
  • United Parcel Service, Inc.
  • Schenker AG
  • C.H. Robinson Worldwide Inc.
  • Deutsche Post AG
  • DSV A/S
  • CMA CGM Group (CEVA Logistics SA)
  • Kuehne + Nagel International AG
  • Nippon Express Co., Ltd.
  • XPO, Inc.
  • Expeditors International of Washington, Inc.
  • Kintetsu World Express Inc.
  • GXO Logistics, Inc.
  • A.P. Møller – Mærsk A/S
  • TSI Group Inc.
  • Others

 

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Logistics Market Report Snapshots

Logistics Market Size

Logistics Market Share

Logistics Market Growth

Logistics Market Trends

Logistics Market Regional Analysis

Logistics Companies

 

*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) 
            8.7.1.3    Breakup by Model Type 
            8.7.1.4    Breakup by Transportation Mode
            8.7.1.5    Breakup by End User
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032) 
            8.7.2.3    Breakup by Model Type 
            8.7.2.4    Breakup by Transportation Mode
            8.7.2.5    Breakup by End User
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032) 
            8.7.3.3    Breakup by Model Type 
            8.7.3.4    Breakup by Transportation Mode
            8.7.3.5    Breakup by End User
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032) 
            8.7.4.3    Breakup by Model Type 
            8.7.4.4    Breakup by Transportation Mode
            8.7.4.5    Breakup by End User
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032) 
            8.7.5.3    Breakup by Model Type 
            8.7.5.4    Breakup by Transportation Mode
            8.7.5.5    Breakup by End User
9    North America Logistics Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Logistics Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Logistics Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Logistics Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Logistics Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    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    FedEx Corporation
            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    United Parcel Service, Inc.
            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    Schenker AG 
            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    C.H. Robinson Worldwide 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    Deutsche Post AG 
            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    DSV A/S 
            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    CMA CGM Group (CEVA Logistics SA) 
            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    Kuehne + Nagel International AG  
            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    Nippon Express Co., Ltd.  
            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    XPO, Inc. 
            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    Kintetsu World Express 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    GXO Logistics, Inc.
            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    A.P. Møller – Mærsk A/S 
            15.2.14.1    Company Overview
            15.2.14.2    Product Portfolio
            15.2.14.3    Demographic Reach and Achievements
            15.2.14.4    Certifications
        15.2.15    TSI Group Inc. 
            15.2.15.1    Company Overview
            15.2.15.2    Product Portfolio
            15.2.15.3    Demographic Reach and Achievements
            15.2.15.4    Certifications
        15.2.16    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 Trillion), 2018-2023
3.    Global Logistics Market Forecast: Breakup by Model Type (USD Trillion), 2024-2032
4.    Global Logistics Historical Market: Breakup by Transportation Mode (USD Trillion), 2018-2023
5.    Global Logistics Market Forecast: Breakup by Transportation Mode (USD Trillion), 2024-2032
6.    Global Logistics Historical Market: Breakup by End User (USD Trillion), 2018-2023
7.    Global Logistics Market Forecast: Breakup by End User (USD Trillion), 2024-2032
8.    Global Logistics Historical Market: Breakup by Region (USD Trillion), 2018-2023
9.    Global Logistics Market Forecast: Breakup by Region (USD Trillion), 2024-2032
10.    North America Logistics Historical Market: Breakup by Country (USD Trillion), 2018-2023
11.    North America Logistics Market Forecast: Breakup by Country (USD Trillion), 2024-2032
12.    Europe Logistics Historical Market: Breakup by Country (USD Trillion), 2018-2023
13.    Europe Logistics Market Forecast: Breakup by Country (USD Trillion), 2024-2032
14.    Asia Pacific Logistics Historical Market: Breakup by Country (USD Trillion), 2018-2023
15.    Asia Pacific Logistics Market Forecast: Breakup by Country (USD Trillion), 2024-2032
16.    Latin America Logistics Historical Market: Breakup by Country (USD Trillion), 2018-2023
17.    Latin America Logistics Market Forecast: Breakup by Country (USD Trillion), 2024-2032
18.    Middle East and Africa Logistics Historical Market: Breakup by Country (USD Trillion), 2018-2023
19.    Middle East and Africa Logistics Market Forecast: Breakup by Country (USD Trillion), 2024-2032
20.    Global Logistics Market Structure

Key Questions Answered in the Report

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

The market is expected 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 growing retail sector, particularly e-commerce, rising disposable incomes, rapid urbanisation, and growing technological advancements are factors expected to aid the market growth.

Key trends aiding market expansion 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.

Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

2 PL is the leading model type in the industry.

The transportation mode segment is led by roadways.

The various end users are manufacturing, consumer goods and retail, food and beverages, IT hardware and telecom, healthcare, chemicals, construction, automotive, oil and gas, among others.

Key players in the market are CMA CGM Group (CEVA Logistics AG), Deutsche Post AG, Kuehne + Nagel International AG, FedEx Corporation, 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.

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