The logistics market is estimated to be valued at US$ 12.35 Billion in 2024 and is expected to reach US$ 21.93 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.

Introduction:

The logistics market covers a range of activities required to transport goods from the producer to consumer. This includes warehousing, transportation, freight forwarding, and other supply chain related services. An efficiently run logistics operation is vital for businesses to ensure smooth movement of materials and finished goods. With increasing globalization and Just-in-Time manufacturing practices, the dependence on logistics services has grown manifold over the years. Advancements in technology are also transforming processes in the industry, making operations more streamlined.

Market Dynamics:

The global logistics market is driven by robust growth in international trade volumes. As more companies outsource manufacturing and rely on global sourcing, the scope for logistics expands. Rising e-commerce spending is another key growth driver. With consumers increasingly shopping online, demand for logistics from the retail sector remains high. However, volatility in fuel prices and shortage of truck drivers pose challenges. Technological innovations in areas such as robotics, automation, IoT, and big data analytics present lucrative opportunities. Adoption of smart logistics solutions can optimize processes, lower costs, and enhance customer experience.

Key Features of the Study:

• This report provides an in-depth analysis of the global logistics market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global logistics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include A.P. Moller - Maersk, Agility Logistics, Bolloré Logistics, C.H. Robinson Worldwide Inc., CEVA Logistics (a subsidiary of CMA CGM), DB Schenker, DHL (part of Deutsche Post AG), DSV, Expeditors International of Washington, Inc., FedEx Corporation, GEODIS, Hellmann Worldwide Logistics, Kerry Logistics Network Limited, Kuehne+Nagel Inc., Nippon Express Co., Ltd., Panalpina (part of DSV), Sinotrans Limited, United Parcel Service of America, Inc., XPO Logistics, Inc., and Yusen Logistics Co., Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global logistics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global logistics market

Detailed Segmentation-

• By Transport Infrastructure
  • Road
  • Sea
  • Rail
  • Air
• By End Use
  • Healthcare
  • Manufacturing
  • Aerospace
  • Telecommunication
  • Government and Utilities
  • Banking and Financial Services
  • Retail
  • Media and Entertainment
  • Technology
  • Trade and Transportation
  • Others
• By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players Insights
  • A.P. Moller - Maersk
  • Agility Logistics
  • Bolloré Logistics
  • C.H. Robinson Worldwide Inc.
  • CEVA Logistics (a subsidiary of CMA CGM)
  • DB Schenker
  • DHL (part of Deutsche Post AG)
  • DSV
  • Expeditors International of Washington, Inc.
  • FedEx Corporation
  • GEODIS
  • Hellmann Worldwide Logistics
  • Kerry Logistics Network Limited
  • Kuehne+Nagel Inc.
  • Nippon Express Co., Ltd.
  • Panalpina (part of DSV)
  • Sinotrans Limited
  • United Parcel Service of America, Inc.
  • XPO Logistics, Inc.
  • Yusen Logistics Co., Ltd.