The global logistics market size is expected to be worth around US$ 8.9 Trillion by 2030, according to a new report by Vision Research Reports.
The global logistics market size was valued at US$ 6.2 trillion in 2020 and is anticipated to grow at a CAGR of 6.40% during forecast period 2021 to 2030.
|Market Size||US$ 8.9 Trillion by 2030|
|Growth Rate||CAGR of 6.40% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Transport, Application, Customer Type, Logistics Model|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||C.H. Robinson Worldwide, Inc., Geodis, DB Schenker, United Parcel Service, Inc., Deutsche Post AG (DHL Group), A.P. Moller–Maersk, DSV, FedEx, Kuehne+Nagel, and Nippon Express.|
Logistics is a sector dealing with the planning, controlling, and execution of material, service, and capital movement. They are a part of the supply chain management that deals with the overall management of transporting goods from one place to another. Almost all sectors make use of logistics on a massive scale, which help improve the logistics sector’s growth trajectory.
E-commerce plays very crucial role in offering freight customers new options to support their economic growth. E-commerce is anticipated to persist as the major driver of growth in the transportation industry. According to, FedEx CEO, Henry Maier, owing to E commerce logistics, the shipments and sales went up by more than a 100%. The prolonged growth through e-commerce will be significant for all freight and retail companies.
The penetration of novel technologies is proving to be exceptional growth generators for the logistics market. Big Data, Artificial Intelligence (AI), machine learning, and others are generating promising profits for the logistics market. Other aspects such as automation and robotic process automation (RPA) are also playing a major role in the growth of the logistics sector. One of the prominent functions of RPAs in logistics is the automation of a tracking system for both vehicles and shipments. These factors bring golden growth opportunities for the logistics market.
Omnichannel Shipping to Add Extra Stars of Growth
The growing demand for quick delivery mechanisms for the customers has led to the adoption of numerous methodologies and processes. The omnichannel shipping method is one of them. The goal of the omnichannel shipping method is to increase customer loyalty and retain them. Such factors bode well for the growth of the logistics market.
Escalating Demand for Refrigerated Shipped Goods to Bring Immense Growth Prospects
The demand for refrigerated shipped goods has increased exponentially over the years. The shifting consumer preferences will also act as a crucial part. For instance, a shift from localized food to non-localized foods has been observed among a considerable chunk extensively. The demand for COVID10 vaccines is also increasing the need for refrigerated shipped vehicles. Ocean Network Express, a logistics company, recently announced the addition of 13,429 new refrigerated counties. Such aspects assure good growth opportunities.
Waves of Sustainability to Touch the Shores of the Logistics Market
Sustainability and environmental conservation are garnering outstanding popularity among many individuals around the globe. Reducing half-full trucks, route optimization, and the digitization of the supply chain to a considerable extent are some important measures taken by the logistics sector. The players in the logistics market are also focusing on innovating on transport methods to assure clean and green transport of goods and services.
In addition, the government bodies of numerous sectors are also implementing new emission standards to reduce the carbon footprint. The International Maritime Organization recently tightened regulations regarding the utilization of sulfur dioxide at sea. Such developments serve as growth contributors for the logistics market.
Challenges Faced by Logistics Market due to the COVID-19 Pandemic
Bullwhip Effect: The bullwhip effect is the perfect word to describe the logistics sector during COVID-19. Many products experienced a sudden rise in demand, like toilet paper while many items were lying in the inventory due to less demand. This stark contrast resulted in expansive disruptions.
Border Restrictions: The COVID-19 pandemic forced many countries to close their borders for foreigners. Although goods and products were allowed to be transported, disruptions were witnessed, and it affected the overall growth fabric of the logistics market.
Single Source Dependencies: The COVID-19 pandemic highlighted the disadvantage of relying heavily on the suppliers or partners in a single country. For instance, China’s manufacturers shut down during the pandemic, which resulted in tremendous losses for key companies. Such developments will prepare the players in the logistics market to tackle future pandemics.
The pandemic brings many new experiences and lessons for the players in the logistics market. With the advent of COVID-19, digitalization has strengthened its influence across the logistics market substantially.
The key market players analyzed in the global logistics market report include C.H. Robinson Worldwide, Inc., Geodis, DB Schenker, United Parcel Service, Inc., Deutsche Post AG (DHL Group), A.P. Moller–Maersk, DSV, FedEx, Kuehne+Nagel, and Nippon Express. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.
By Customer Type
By Logistics Model
This report focuses on logistics market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall logistics market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global logistics market.
The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.
In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global logistics market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the logistics market.
The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.
In this study, the years considered to estimate the market size of logistics are as follows:
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.
The analysts have provided a comprehensive analysis of the competitive landscape of the global logistics market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.
The research methodology adopted by analysts for compiling the global logistics market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global logistics market.
The study objectives of this report are:
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