According to the latest report by IMARC Group, titled “Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global logistics market growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global logistics market reached a value of US$ 4.92 Trillion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.55 Trillion by 2027, exhibiting at a CAGR of 4.7% during 2022-2027. Logistics is an overall process of organizing, planning, and implementing the efficient transportation of acquired and stored products from origin to destination. It offers various benefits, such as improved effectiveness, inexpensive service, higher production rates, and enhanced inventory control. It mainly includes fourth-party logistics (4PL), third-party logistics (3PL), reverse, inbound, outbound, digital, military, green, reverses, and construction logistics.
Logistics refers to the process of planning, coordinating, managing, and organizing resources from the point of origin to the point of consumption. It also includes production, packaging, warehousing, material handling, security, integration of information, supply/demand planning of third-party providers, and inbound and outbound transportation. It assists in the efficient transportation and storage of goods, services, and information to meet the requirements of the end users cost-efficiently.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Logistics Market Trends:
The growing popularity of e-commerce platforms on account of the rising reliance on smartphones and increasing penetration of the internet currently represents the key factors driving the logistics market. As logistics plays a pivotal role in the smooth functioning of online deliveries, the demand for logistics is escalating around the world. The easy return and refund policies have also fueled the need for reverse logistics processes with tracking facilities. Furthermore, the increasing environmental concerns and rising focus on sustainable development have catalyzed the demand for green logistics, providing sustainable transport solutions. Other factors, including the constant technological developments, growing international trade agreements and the integration of global positioning systems (GPS), biometrics, driverless vehicles, and drone delivery with logistics systems, are anticipated to impel the growth of the market.
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The global logistics market is primarily being driven by the introduction of various technologically advanced automated material handling equipment, such as biometrics, a global positioning system (GPS), and handling equipment. In addition to this, the rising demand for complex supply chain operations and the widespread adoption of autonomous warehouses are stimulating market growth. Apart from this, the escalating popularity of e-commerce and online shopping is another growth-inducing factor. Other factors, such as numerous initiatives undertaken by the governments of various nations for fueling global trade activities are positively impacting the market growth.
By IMARC group the report has also analyzed the competitive landscape of the market with some of the top logistics companies being
- B. Hunt Transport, Inc.
- H. Robinson Worldwide, Inc.
- CEVA Logistics
- FedEx Corp.
- United Parcel Service, Inc.
- Expeditors International of Washington Inc.
- XPO Logistics Inc.
- Kenco Group Inc.
- Deutsche Post DHL Group
- Americold Logistics, LLC
- DSV Panalpina A/S
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global logistics market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on model type, transportation mode and end-use.
Breakup by Transportation Mode:
On the basis of the transportation mode, the market has been categorized into roadways, seaways, railways and airways.
Breakup by Model Type:
- 2 PL
- 3 PL
- 4 PL
Based on the model type, the market has been classified into 2 PL, 3PL and 4 PL.
Breakup by End-use:
- Consumer Goods
- Food And Beverages
- IT Hardware
- Oil & Gas
Based on the end use, the market has been divided into manufacturing, consumer goods, retail, food and beverages, IT hardware, healthcare, chemicals, construction, automotive, telecom, oil and gas, and others. Amongst these, the manufacturing sector holds the majority of the total market share.
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Latin America, and Middle East and Africa. At present, Asia Pacific enjoys the leading position in the market.
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
This report provides a deep insight into the global logistics market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the logistics market in any manner.
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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