Global Logistics Market

Logistics Market Size, Share, Growth Analysis, By Mode of Transport(Roadways, Railways, Airways, Maritime), By Logistics Model(First Party Logistics (1PL), Second Party Logistics (2PL), Third Party Logistics (3PL), Fourth Party Logistics (4PL)), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20R2036 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 67 |Figures: 75

Logistics Market Insights

Global Logistics Market size was valued at USD 9.82 trillion in 2022 and is poised to grow from USD 10.36 trillion in 2023 to USD 15.93 trillion by 2031, growing at a CAGR of 5.52% in the forecast period (2024-2031).

In recent years, the global Logistics market has been changing consumer preferences and demands as it is characterized by dynamic trends and crucial factors shaping its landscape. E-commerce expansion is a significant driver, fueling the demand for efficient supply chain and logistics solutions. Technological advancements, including the integration of IoT and AI, enhance operational efficiency and visibility.

Amidst globalization, cross-border trade intensifies, emphasizing the importance of robust logistics networks. Sustainability emerges as a key consideration, with the industry focusing on eco-friendly practices and reducing carbon footprints. Regional disparities, regulatory changes, and the ongoing digital transformation further contribute to the evolving nature of the global logistics sector, requiring adaptability and innovation for sustained success.

Market Snapshot - 2024-2031

Global Market Size

USD 9.82 trillion

Largest Segment

Third Party Logistics (3PL)

Fastest Growth

Fourth Party Logistics (4PL)

Growth Rate

5.52% CAGR

Global Logistics Market ($ Tn)
Country Share for North America Region (%)

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Logistics Market Segmental Analysis

The global logistics market is segmented into four major segments i.e. by mode of transport, logistics model, service type, and region. Based on type, it is divided into roadways, railways, airways, maritime, and others. Based on the logistics model, it is bifurcated as first party logistics (1PL), second party logistics (2PL), third Party Logistics (3PL), fourth party logistics (4PL), and others. Based on service type it is segregated into, freight transportation, warehousing and distribution, customs services, value-added services, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Analysis by Logistics Model

Third Party Logistics (3PL) have typically held a substantial market share as the outsourcing of logistics services to specialized third-party providers allows businesses to focus on core competencies. Moreover, 3PL providers offer a comprehensive range of services, including transportation, warehousing, and distribution, catering to the diverse needs of companies across various industries.

As businesses increasingly seek integrated, end-to-end supply chain solutions, Fourth Party Logistics (4PL) have gained popularity. Because of their prioritization of health and wellness, they are increasingly turning to snacks that offer nutritional benefits. The demand for comprehensive, technologically advanced logistics solutions that optimize the entire supply chain process is driving the rise of 4PL as a strategic logistics model.

Analysis by Service Type

Freight Transportation has long dominated the global logistics market due to the indispensable role it plays in the logistics ecosystem. The movement of goods across various modes of transportation, including road, rail, air, and sea, is fundamental to supply chain operations globally.

Value-added services are anticipated to be the fastest-growing segment. As companies increasingly seek differentiation in their logistics strategies, the demand for services beyond traditional transportation and warehousing, such as packaging, labeling, and customization, is on the rise. Value-added services enhance the overall efficiency and customer satisfaction within the supply chain.

Global Logistics Market By Logistics Model, 2023 (%)

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Logistics Market Regional Insights

North America has historically dominated the logistics market due to robust economic growth. This dominance is attributed to the region's extensive manufacturing activities, and the flourishing e-commerce sector. Countries like China, India, and Southeast Asian nations are pivotal players in global trade, contributing to the region's supremacy in logistics.

Asia Pacific is anticipated to be the fastest-growing region in the logistics market. The continent is experiencing economic expansion, urbanization, and an increasing focus on infrastructure development. As these factors drive trade and logistics demand, Africa emerges as a key growth frontier with untapped potential in the logistics sector.

Global Logistics Market By Region, 2024-2031
  • Largest
  • Fastest

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Logistics Market Dynamics

Drivers

Increasing E-commerce Activities Worldwide

  • The surge in e-commerce activities worldwide has significantly increased the demand for efficient and streamlined logistics solutions to meet the dynamic requirements of online retail. Secondly, technological advancements play a pivotal role, with the integration of IoT, artificial intelligence, and advanced analytics enhancing operational efficiency and providing real-time visibility into supply chain processes.

Restraints

High Complexity and Uncertainty Surrounding Global Trade Regulations

  • One of the main market restraints is the complexity and uncertainty surrounding global trade regulations, including tariffs and customs procedures. The evolving nature of geopolitical tensions and trade disputes can disrupt supply chains and increase operational uncertainties for logistics providers. Additionally, the logistics industry contends with the impact of external factors such as natural disasters, geopolitical events, and global health crises, which can lead to supply chain disruptions.

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Logistics Market Competitive Landscape

The competitive environment of the Logistics market is dynamic and marked by intense rivalry and a diverse array of players catering to the intricate needs of supply chain management. However, the industry is witnessing increased competition from tech-driven startups focusing on innovative solutions like digital freight platforms and real-time tracking technologies. Strategic partnerships and acquisitions are commonplace as companies seek to broaden their service portfolios and geographical reach.

Top Player’s Company Profiles

  • Deutsche Post DHL Group (Germany)
  • DB Schenker (Germany)
  • Nippon Express Co., Ltd. (Japan)
  • CEVA Logistics (United States)
  • DSV Panalpina A/S (Denmark)
  • Agility Group (Kuwait)
  • Sinotrans International Limited (China)
  • Bolloré Logistics (France)
  • SF Express Co., Ltd. (China)
  • Geodis Wilson SAS (France)
  • Kerry Logistics Network Limited (Hong Kong)
  • Expeditors International of Washington, Inc. (United States)
  • J.B. Hunt Transport Services, Inc. (United States)
  • Yusen Logistics Co., Ltd. (Japan)
  • NYK Logistics (Japan)
  • CJ Logistics (South Korea)
  • Hitachi Transport System, Ltd. (Japan)

Recent Developments

  • In September 2023, Kellogg Company (NYSE: K) took a significant step by officially gaining approval from its Board of Directors for the planned separation into two distinct publicly traded companies, Kellanova and WK Kellogg Co.
  • In October 2023, Mott's Fruit Flavored Snacks joined forces with Eva Longoria to introduce "Snacks & Stories," an initiative in partnership with Penguin Random House.
  • In October 2023, Ferrara Candy Company made another move in the mergers and acquisitions (M&A) landscape by acquiring Jelly Belly Candy Company, a fellow confectioner based in the United States.

Logistics Key Market Trends

Rising integration of technology and Sustainability

  • The accelerated integration of technology, with a focus on automation, artificial intelligence, and data analytics. This includes the widespread adoption of IoT devices for real-time tracking and monitoring, enhancing supply chain visibility and efficiency. E-commerce continues to drive the demand for last-mile delivery solutions and warehouse automation, reflecting the growing importance of the online retail sector.

Logistics Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

Global logistics market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The market is driven by expanding e-commerce activities and technological advancements. These drivers enhance supply chain visibility and operational efficiency. However, regulatory complexities and geopolitical uncertainties act as restraints, challenging seamless logistics operations. The market witnesses a notable trend toward sustainability, emphasizing eco-friendly practices.

Regionally, Asia-Pacific dominates due to robust economic growth, while Africa emerges as a fast-growing market. Product type analysis spans freight transportation, warehousing, and value-added services. Overall, the logistics sector navigates dynamic trends, requiring adaptability to sustain growth in a rapidly evolving global business landscape.

Report Metric Details
Market size value in 2023 USD 9.82 trillion
Market size value in 2031 USD 15.93 trillion
Growth Rate 5.52%
Forecast period 2024-2031
Forecast Unit (Value) USD Trillion
Segments covered
  • Mode of Transport
    • Roadways, Railways, Airways, Maritime, and others
  • Logistics Model
    • First Party Logistics (1PL), Second Party Logistics (2PL), Third Party Logistics (3PL), Fourth Party Logistics (4PL), and others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Deutsche Post DHL Group (Germany)
  • DB Schenker (Germany)
  • Nippon Express Co., Ltd. (Japan)
  • CEVA Logistics (United States)
  • DSV Panalpina A/S (Denmark)
  • Agility Group (Kuwait)
  • Sinotrans International Limited (China)
  • Bolloré Logistics (France)
  • SF Express Co., Ltd. (China)
  • Geodis Wilson SAS (France)
  • Kerry Logistics Network Limited (Hong Kong)
  • Expeditors International of Washington, Inc. (United States)
  • J.B. Hunt Transport Services, Inc. (United States)
  • Yusen Logistics Co., Ltd. (Japan)
  • NYK Logistics (Japan)
  • CJ Logistics (South Korea)
  • Hitachi Transport System, Ltd. (Japan)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Logistics Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Logistics Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Logistics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Logistics Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Logistics Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Logistics Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Logistics Market size was valued at USD 9.82 trillion in 2022 and is poised to grow from USD 10.36 trillion in 2023 to USD 15.93 trillion by 2031, growing at a CAGR of 5.52% in the forecast period (2024-2031).

The competitive environment of the Logistics market is dynamic and marked by intense rivalry and a diverse array of players catering to the intricate needs of supply chain management. However, the industry is witnessing increased competition from tech-driven startups focusing on innovative solutions like digital freight platforms and real-time tracking technologies. Strategic partnerships and acquisitions are commonplace as companies seek to broaden their service portfolios and geographical reach. 'Deutsche Post DHL Group (Germany)', 'FedEx Corporation (United States)', 'UPS Supply Chain Solutions (United States)', 'Kuehne + Nagel International AG (Switzerland)', 'DB Schenker (Germany)', 'Nippon Express Co., Ltd. (Japan)', 'CEVA Logistics (United States)', 'DSV Panalpina A/S (Denmark)', 'Agility Group (Kuwait)', 'Sinotrans International Limited (China)', 'Bolloré Logistics (France)', 'SF Express Co., Ltd. (China)', 'Geodis Wilson SAS (France)', 'Kerry Logistics Network Limited (Hong Kong)', 'Expeditors International of Washington, Inc. (United States)', 'J.B. Hunt Transport Services, Inc. (United States)', 'Yusen Logistics Co., Ltd. (Japan)', 'NYK Logistics (Japan)', 'CJ Logistics (South Korea)', 'Hitachi Transport System, Ltd. (Japan)'

The surge in e-commerce activities worldwide has significantly increased the demand for efficient and streamlined logistics solutions to meet the dynamic requirements of online retail. Secondly, technological advancements play a pivotal role, with the integration of IoT, artificial intelligence, and advanced analytics enhancing operational efficiency and providing real-time visibility into supply chain processes.

The accelerated integration of technology, with a focus on automation, artificial intelligence, and data analytics. This includes the widespread adoption of IoT devices for real-time tracking and monitoring, enhancing supply chain visibility and efficiency. E-commerce continues to drive the demand for last-mile delivery solutions and warehouse automation, reflecting the growing importance of the online retail sector.

North America has historically dominated the logistics market due to robust economic growth. This dominance is attributed to the region's extensive manufacturing activities, and the flourishing e-commerce sector. Countries like China, India, and Southeast Asian nations are pivotal players in trade, contributing to the region's supremacy in logistics.

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Global Logistics Market

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