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

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).

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. '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)'

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. 

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. 

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.