Global Logistics Market Size By Modes of Transport, By End-Use, By Geographic Scope And Forecast

Logistics Market Size And Forecast

Logistics Market size was valued at USD 4.7 Trillion in 2022 and is projected to reach USD 6.6 Trillion by 2030, growing at a CAGR of 3.7% from 2023 to 2030.

With E-commerce booming, the logistics market is looking pretty good in the years ahead! The increase in reverse logistics, plus all those trade deals, are really driving demand worldwide. And get thisthe way companies are using tech in their logistics – like IoT devices connecting everything – that's only going to make the market grow even faster. Want the full scoop? The Global Logistics Market report gives you the inside track. It breaks down the important parts, the latest trends, what's helping and hurting the market, who's competing, and everything that's making a big impact.

Global Logistics Market Definition

Logistics is a term used to define the process of coordinating and moving resources in the form of people, materials, inventory, and equipment from one location to storage at the desired location. It comprises of all the happenings from the purchase and delivery of raw materials, packaging, shipment, and transportation of goods to the distributors. Some of the components of logistics are inbound transportation, outbound transportation, fleet management, warehousing, and others.

Logistics plays a major role in the smooth functioning of a business. The more efficiently raw materials can be purchased, transported, and stored until used the more profitable the business can be. Timely delivery of products also enhances and adds value to customer satisfaction which ultimately increases customer retention.

Global Logistics Market Overview

The surge of the growing e-commerce industry is a major driving force for the logistics market. The stock maintenance and shipment of the products purchased online require a sound logistical system that facilitates the demand of the market. With more e-commerce operations in place, the logistics market will demonstrate substantial growth during the forecasted period.

The rise in trade-related agreements also adds fuel to the overall market demand of the logistics market. Tech-driven logistic services and the growing adoption of IoT-enabled connected devices are expected to boost the market growth as well. However, poor infrastructure and adoption of the multi-modal system are some of the restraining factors for this market.

Global Logistics Market Segmentation Analysis

The Global Logistics Market is segmented based on Mode of Transport, End-Use, and Geography.

Logistics Market, By Mode of Transport

• Roadways
• Railways
• Airways
• Waterways

On the basis of Mode of Transport, The global Logistics Market is classified into Roadways, Railways, Airways, and Waterways. Roadways mode of transportation operates on man-made roads of tarmac. This is used to transport the load out from one location to another. Railways are the locomotive transport used for logistical purposes globally. Airways is the flight and aircrafts used for logistical operations. Waterways are comprised of cargo ships and vessels which are used for transport.

Logistics Market, By End-Use

• Trade and Transportation
• Technology
• Media and Entertainment
• Retail
• Banking & Financial Services
• Others

So, how does the world use logistics? Well, the global Logistics Market can be broken down by End-Use into areas like Trade and Transportation, Technology, Media and Entertainment, Retail, Banking & Financial Services, and a catch-all "Others" category. Think about itTrade and transportation really rely on logistics – moving goods around is kind of the whole point! When you need to get physical stuff from one place to another, logistics is what makes it happen. Even the media and entertainment industry needs it to get things like lights, cameras, and even the film crew where they need to be. And what about retail? Those stores need logistics to keep their shelves stocked with all the products you want to buy. Finally, even Banking and Financial Services use logistics to keep the cash flowing, transporting money to ATMs and other banks so you can, you know, actually use your bank account.

Logistics Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Okay, so when we look at the Logistics Market globally, we can break it down by regionNorth America, Europe, Asia Pacific, and the Rest of the World. Right now, Asia Pacific is really driving the market, holding the biggest chunk, with North America coming in second. And it looks like that's not going to change anytime soon. What's fueling all this growth? Well, it's closely linked to how global trade and the overall economy are doing. Specifically, Asia Pacific and North America are hot spots, especially for contract logistics like fourth party logistics and second party logistics. Plus, trade within the regions themselves, especially in the booming countries of Asia Pacific, is becoming a bigger and bigger deal.

Key Players

The “Global Logistics Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are United Parcel Service Inc, Nippon Express, Kuehne+Nagel, Geodis, FedEx, DSV, Deutsche Post AG, DB Schenker, C.H. Robinson Worldwide Inc & A.P. Moller-Maersk. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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