Logistics Market Size, Share, Analysis, Trends, Growth, 2032

Logistics Market Insights

According to Zion Market Research, the global Logistics Market was worth USD 10.39 Billion in 2023. The market is forecast to reach USD 17.28 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.81% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Logistics industry over the next decade.

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Global Logistics Market: Overview

Logistics can be defined as the collaboration of different segments such as supply, material management, and distribution. As per the council of logistics management logistics can be stated as the process of planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from point of origin to point of consumption to conform to customer requirements. Logistics is the management of things from the origin to the end consumer and involves activities such as material handling, packaging, transportation, inventory, security, and warehousing.

Global Logistics Market: Growth Factors

Rising globalization and the reduction of trade barriers are supporting the growth of the logistics market. Additionally, the growing trend towards online shopping along with technological advancement in the transaction, communication, and new product development fuel the growth of this market. Adoption of an advanced tracking system for delivery such as GPS, bar code system, RFID by the logistics providers for tracking application stimulates the market growth. However, stringent regulations led by the government in particular regions to defend the domestic industries and local shopkeepers may inhibit the growth of the logistics market.

Global Logistics Market: Segmentation

The logistics market can be segmented based on transport in waterways transport, road transport, air transport, and rail transport.

Road and rail transport infrastructure is the most significant segment of the logistics market.

Logistics has numerous applications in retail, media, and entertainment, telecommunication, banking, and financial services, information technology, and manufacturing sectors among others.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Logistics Market: Report Scope

Global Logistics Market: Regional Analysis

North America and Europe are the leading markets for the logistics industry owing to the developed logistics sector and the presence of major key players. Asia Pacific is expected to exhibit the fastest growth for the logistics market. This mainly contributed to the growing outsourcing trend of MNCs particularly in India and escalating demand for online shopping. Latin America, Middle East, and Africa are likely to experience decent growth in the forecast period.

Global Logistics Market: Competitive Players

The logistics market is competitive due to the presence of large players in the market space.

Some of the major participants in the logistics market include 

• United Parcel Service. Inc.
• FedEx Corporation
• DHL Express
• Changan Minsheng APLL Logistics Co. Ltd
• Orient Overseas Ltd
• China Ocean Shipping Company
• TNT Express N.V.
• Jiangsu Aucksun Co. Ltd.
• Shenzhen Feima International Supply Chain Co. Ltd.
• Kuehne-Nagel. Inc
• Sinotrans Limited 
• among others.

The global logistics market is segmented as follows:

By Type of Transport

• Road
• Waterways
• Rail
• Air

Application

• Industrial and Manufacturing
• Retail
• Healthcare
• Media and Entertainment
• Military
• Oil and Gas
• Food & Beverages
• Others (Government and Public Utilities, Agro Commodities & Fertilizer, Jewelry, etc.)

Customer Type

• B2C
• B2B

Logistics Model

• First Party Logistics
• Second Party Logistics
• Third Party Logistics
• Fourth Party Logistics

 Logistics Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa