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

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.