USD 9.82 trillion
Logistics Market Size, Share, Growth Analysis, By Type(1 PL, 2 PL, 3 PL, 4 PL), By Transportation(Roadways, Seaways, Railways, and Airways), By End Use Industry(Healthcare, Automotive, FMCG, Energy & Utilities), By Distribution Channel(B2B, B2C), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20R2036 |
Region:
Global |
Published Date: September, 2024
Pages:
157
|Tables:
67
|Figures:
75
Logistics Market Insights
Global Logistics Market size was valued at USD 258.70 billion in 2022 and is poised to grow from USD 288.45 billion in 2023 to USD 689.08 billion by 2031, growing at a CAGR of 11.5% in the forecast period (2024-2031).
Logistics is what we call the system of arranging and moving resources like equipment, food, drinks, stocks, items and human beings from one location to store them at the intended site. This encompasses monitoring the flow of goods from their starting points till they reach the final point of consumption in order to respond appropriately to consumer wishes. The efficient and successful administration of day-to-day operations pertaining to the manufacturing of the company's final goods and services is the main emphasis of logistics management. This kind of management organizes, carries out, and regulates the effective forward, reverse, and storage movement of commodities. It is a component of supply chain management.
The market is growing as a result of such factors as accelerated e-commerce growth, heightened reverse logistics processes and a greater number of trade-related deals. Additionally, it is expected that the market will grow due to the emergence of technology-based logistics services and more utilization of interconnected IoT devices across different industries. Nevertheless, inadequate infrastructure, increased logistics costs, and producers' lack of control over logistical services impede market expansion. In addition, the advent of last-mile deliveries, automation of logistics, and cost & lead time reductions using multi-modal systems are a few more aspects that are projected to support market expansion.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Third Party Logistics (3PL)
Fastest Growth
Fourth Party Logistics (4PL)
Growth Rate
5.52% CAGR
Global Logistics Market ($ Bn)
Country Share by North America (%)
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Logistics Market Segmental Analysis
Global Logistics Market is segmented on the basis of type, transportation, end use industry, distribution channel, and region. By type, market is segmented into 1 PL, 2 PL, 3 PL, and 4 PL. By transportation, market is segmented into roadways, seaways, railways, and airways. By end use industry, market is segmented into healthcare, automotive, FMCG, energy & utilities, industrial machinery & equipment. By distribution channel, market is segmented into B2B, and B2C. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by End Use
As per categorization by End Use, the market is classified as healthcare, manufacturing, aerospace, telecommunication, government & public utilities, banking & financial services, retail, media & entertainment, technology, trade & transportation and others. Among these, manufacturing earned the largest share and continues to dominate the market. Global logistics manufacturing is characterized by advanced automation, AI technologies and integrating the Internet of Things (IoT), which have increased supply chain visibility, efficiency gains and cost cuts. At the same time, manufacturing has taken the lead in this market due to its complicated production processes as well as the need for leaner operations; hence it is crucial to optimize logistics for every sector.
Owing to rising need for efficient supply chains for sensitive medical supplies, pharmaceuticals and vaccines, healthcare is expected to be the fastest-growing area in the global logistics market. The advancement in personalized medicine, telehealth and global health emergencies like pandemics has put more pressure on timely temperature-controlled deliveries. Furthermore, regulatory compliance as well as the expansion of healthcare infrastructure across the globe are among other drivers of demand for advanced logistics services to ensure patient safety and care continuity.
Analysis by Transportation
While changing road transport logistics functions includes live refurbishment tracking systems, artificial intelligence powered routing optimization programs, operating on electricity as well as their automation. Roads hold sway over the global logistics market due to their adaptability, vast networks and significant contribution to the last mile delivery making them critical for smooth movement of goods at lower costs across various sectors.
Airways are expected to be the fastest-growing segment in the global logistics market due to the increasing demand for rapid, international shipping driven by e-commerce growth and globalized supply chains. Since high-value and time-sensitive products such as electronics and medications require fast delivery, they are largely transported by air. Furthermore, air freight technology improvements have facilitated better cargo handling; increased fuel efficiency has resulted in higher capacities at lower costs, thereby making airlines a preferred means of fast logistics for enterprises.
Global Logistics Market By End Use (%)
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Logistics Market Regional Insights
The reason why North America is leading the global logistics market, as it has an advanced infrastructure that connects different supply chains as well as a well-developed economy characterized by manufacturing, retail and e-commerce. Its highways, railroads and harbors facilitate smooth transportation of goods within the country and between this region with Canada and Mexico. Moreover, quick expanding use of digital technology like AI, IoT and automation in logistics operation has contributed to the increase in efficiency and visibility in the supply chain. The strong consumer base in North America in addition to the demand for same-day delivery services and last mile deliveries further solidify North America’s hold on global logistics market.
As result of its prime geographical position as an international trading center and well-developed transportation infrastructure that allows smooth movement of goods across boundaries, Europe has become the most rapidly expanding part of global logistics market. Factors responsible for this expansion include proliferation of e-commerce, rising need for green and sustainable logistics, as well as embracing digitized technologies such as AI, automation and blockchain. This growth is further driven by Europe’s emphasis on improving supply chain efficiency particularly in the automotive, pharmaceutical and consumer goods sectors. Moreover, continuous investments into rail and road connectivity especially in important logistics hubs such as Germany and Netherlands are also playing their role in enhancing regional logistics capabilities.
Global Logistics Market By Geography
- Largest
- Fastest
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Logistics Market Dynamics
Drivers
Growing E-Commerce Industry Demand and Operational Excellence:
- Both the eCommerce and logistics sectors have grown significantly as a result of technologically enabled logistics platforms and the expanding online purchasing market. In the upcoming years, there is predicted to be a twofold growth in the number of online shoppers, which has expanded in recent years.
Advancements in several Fields, Including Integrated Logistics:
- AI is actively enhancing driver safety surroundings and optimizing vehicle performance and maintenance to enhance the transportation and logistics industry as a whole. Additionally, AI is working harder and actively to produce autonomous or driverless vehicles. Robotics and other technologies in the logistics supply chain are also advanced by artificial intelligence.
Restraints
Inconsistent Governance Norms within the Disjointed Logistics Sector:
- The absence of governance is one of the main obstacles preventing digital logistics from being widely used. The logistics business is very fragmented, thus creating a uniform IoT platform is necessary. Businesses engaged in logistics and transportation all over the world are concentrated on optimizing supply chain effectiveness in order to maintain profitability and sustainability.
Increased Up-Front Costs for Regulatory Compliance:
- One of the main issues facing the logistics sector is the variety of regulatory requirements coupled with increasingly stringent service delivery requirements. Besides, major financial outlays for digitizing logistics operations are imperative, which include installing automation software, hardware and solutions that cost a lot.
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Logistics Market Competitive Landscape
The competitive landscape of the global logistics market is highly dynamic, driven by technological advancements and increasing demand for faster, more efficient services. DHL, FedEx, UPS, Kuehne + Nagel last but at least DB Schenker are some of the significant players who employ technologies such as artificial intelligence (AI), the internet of things (IoT), as well as automation for their operational optimization. Moreover, these organizations aim to expand their worldwide networks; improve last-mile delivery systems; and create tailored solutions for growing sectors such as e-commerce, healthcare and manufacturing.
Top Player’s Company Profiles
- A.P. Moller – Maersk (Denmark)
- C.H. Robinson Worldwide, Inc. (US)
- DB Schenker (Deutsche Bahn Group) (Germany)
- Deutsche Post AG (DHL Group) (Germany)
- DSV (DSV Panalpina) (Denmark)
- FedEx (US)
- GEODIS (France)
- Kuehne + Nagel (Switzerland)
- Nippon Express (Japan)
- United Parcel Service, Inc. (UPS) (US)
- J.B. Hunt Transport, Inc. (US)
- CEVA Logistics (France)
- XPO Logistics, Inc. (US)
- Kenco (US)
- UPS Supply Chain Solutions (US)
- Agility Group (Kuwait)
- Sinotrans International Limited (China)
- Bolloré Logistics (France)
- SF Express Co., Ltd. (China)
Recent Developments
- In September 2023, Kellogg Company (NYSE: K) took a significant step by officially gaining approval from its Board of Directors for the planned separation into two distinct publicly traded companies, Kellanova and WK Kellogg Co.
- In October 2023, Mott's Fruit Flavored Snacks joined forces with Eva Longoria to introduce "Snacks & Stories," an initiative in partnership with Penguin Random House.
- In October 2023, Ferrara Candy Company made another move in the mergers and acquisitions (M&A) landscape by acquiring Jelly Belly Candy Company, a fellow confectioner based in the United States.
Logistics Key Market Trends
- Boosting Accuracy and Efficiency through Robotic Systems: The logistics sector is being propelled by digitalization which serves as a pivotal development. Innovative technologies enhance supply chain transparency. To meet online shoppers’ needs and deal with last-mile delivery problems, logistics companies are investing in infrastructure as well as technology.
- Robotic Automation and Integrated Sales Channels: In automated warehouses, robotic picking, packing, and sorting systems help enhance accuracy and efficiency. Companies mix online and on-site operations to easily manage multiple sales channels. Logistics companies are putting up structures for timely and effective order processing.
Logistics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, to sum up, the global logistics market is experiencing considerable changes attributed to technological progress and shifting customer tastes. Automation and artificial intelligence have been introduced to ensure precision and effectiveness in storage facilities, while e-commerce growth has prompted firms to make their processes more efficient as well as synchronize several distribution points at once.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 258.70 billion |
| Market size value in 2031 | USD 689.08 billion |
| Growth Rate | 11.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Logistics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Logistics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Logistics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Logistics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Logistics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Logistics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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