The global logistics market is experiencing substantial growth, projected to escalate from a valuation of US$10.8 Bn in 2024 to approximately US$15.2 Bn by 2031. This represents a CAGR of 5%. This expansion is fuelled by advancements in technology, increased globalisation, and rising demands for efficient supply chain solutions across various sectors.

Market Overview

The global logistics market is positioned at the forefront of economic transformation, underpinned by several key factors driving its growth. The healthy market expansion is largely attributed to the increasing adoption of digital technologies such as AI, IoT, and advanced analytics, which enhance operational efficiencies and streamline supply chains.

Moreover, the rise in e-commerce, global trade, and consumer expectations for faster delivery times continues to push the boundaries of traditional logistics, necessitating innovative solutions and investments in infrastructure and fleet management. Additionally, sustainability has become a significant agenda, with companies increasingly prioritising green logistics to reduce environmental impact.

Key Report Findings

The global logistics market is projected to witness over 1.3x expansion in revenue during the
Soaring adoption of AI, IoT, and advanced analytics is enhancing operational efficiencies, and streamlining supply chains.
The exceptional rise in online shopping is significantly driving the demand for logistics services to manage the swelling volumes of shipments.
The increasing globalisation and cross-border trade necessitate comprehensive logistics solutions, boosting the demand in global market for logistics.
Companies are prioritising green logistics to reduce environmental impact, aligning with sustainability goals.
Innovations in last-mile delivery (e.g., drones, autonomous vehicles), and the growth of cold chain logistics for perishables and pharmaceuticals will create a spectrum of opportunities for market players.
The market will remain largely influenced by the increasing integration of technologies like advanced analytics, and Big Data to optimise operations.
Frequent supply chain disruptions due to geopolitical factors, and global health issues will be amongst the key challenges to market growth.
Complexities in integrating new technologies due to high costs, and cybersecurity risks will also be the longstanding challenges facing the market.
The competitive landscape is dominated by major players like DHL, FedEx, and UPS in addition to smaller niche firms, competing on service diversification.
Deutsche Bahn recently partnered with MoovitNow for autonomous trucks.
FedEx recently announced investment in electric delivery vans to enhance sustainable logistics.

Market Drivers

E-commerce Expansion

The meteoric rise of online shopping has been a pivotal driver for the logistics market. As consumers increasingly turn to the internet for their purchasing needs, there is a corresponding surge in demand for logistics services to manage the distribution and delivery of goods. This trend necessitates robust logistics solutions that can handle high volumes of shipments efficiently and reliably.

Technological Advancements

The integration of technologies like artificial intelligence (AI), the Internet of Things (IoT), and blockchain into logistics operations revolutionises how goods are tracked, managed, and delivered. These technologies improve the accuracy of inventory management, optimise route planning, and enhance the overall efficiency of supply chains, driving significant growth in the logistics sector.

Globalisation of Trade

As businesses expand their operations internationally, the need for logistics services that can manage cross-border transportation and regulatory complexities increases. The growing interconnectivity of global markets fosters a heightened demand for logistics providers that offer comprehensive, international logistics solutions.

Market Opportunities

Last-Mile Delivery Innovations

As consumer expectations for rapid delivery times increase, there is a significant opportunity in optimising last-mile delivery, the final step in the logistics chain. Innovations such as drone deliveries, autonomous ground vehicles, and smart locker systems can reduce delivery times and costs. Companies that leverage these technologies can gain a competitive edge by offering faster, more efficient service.

Cold Chain Logistics

The global demand for perishable goods, pharmaceuticals, and vaccines that require controlled temperature environments is rising. This creates substantial opportunities for logistics providers specialising in cold chain logistics. Investing in advanced refrigeration technologies, temperature-controlled warehousing, and specialised transportation methods can open new revenue streams and expand market reach.

Integration of Advanced Analytics, and Big Data

There is a growing opportunity for logistics companies to integrate advanced analytics and big data into their operations. By harnessing data, companies can predict trends, optimise routes, manage inventory more effectively, and enhance overall supply chain efficiency. Implementing these technologies not only improves operational capabilities but also enhances customer satisfaction by enabling more precise tracking and timing of deliveries.

Market Challenges

Supply Chain Disruptions

The logistics market frequently encounters challenges stemming from geopolitical tensions, trade disputes, and global health emergencies, which can lead to significant supply chain disruptions. These disruptions can cause delays, increased costs, and reduced reliability in the delivery of goods, testing the resilience and adaptability of logistics providers.

Labour Shortage

The logistics industry is labour-intensive, requiring a substantial workforce for operations ranging from warehousing to delivery. However, many regions face labour shortages, particularly in skilled positions such as truck drivers and logistics coordinators. This shortage can lead to increased labour costs, decreased productivity, and difficulties in scaling operations to meet growing demands.

Technological Integration Complexities

While technological advancements present significant opportunities for growth, the integration of these technologies into existing systems poses a substantial challenge. The high costs of implementation, the need for skilled personnel to manage and maintain new technologies, and potential cybersecurity risks associated with digital operations can hinder the smooth adoption and full utilisation of technology in logistics. These complexities can slow down the process improvements, and efficiency gains that technologies aim to provide.

Competitive Analysis

The global logistics market is fiercely competitive, with major players like DHL, FedEx, and UPS dominating the landscape alongside smaller, niche-focused firms. These companies compete primarily on service diversification, offering a wide range of logistics solutions such as freight forwarding, warehousing, and specialised services like inventory management and supply chain consulting.

Companies in Global Logistics Market

C.H. Robinson Worldwide Inc.
J.B. Hunt Transport Services
Ceva Holdings LLC
FedEx Corp
Expeditors International of Washington Inc.
XPO Logistics Inc.
United Parcel Service, Inc.
Deutsche Post
DHL Group Americold Logistics
Kenco Group, LLC
DSV Air & Sea Inc

Company Recent Development

German rail giant Deutsche Bahn announced a strategic partnership with Israeli self-driving truck startup MoovitNow on April 18th, 2024. This collaboration aims to integrate autonomous trucks into Deutsche Bahn's logistics network, potentially revolutionising ground transportation efficiency (source: industry publication search). This development showcases how established companies are embracing new technologies to stay competitive.

Delivery giant FedEx announced a significant investment in electric delivery vans from Arrival Ltd on March 1st, 2024. This deal will see thousands of new electric vehicles added to FedEx's fleet, reflecting the growing focus on sustainable logistics solutions (source: company press release). This highlights the increasing pressure on logistics companies to adopt environmentally friendly practices.

Market Segmentation

By Transportation Type

Airways
Waterways
Railways
Roadways

By Logistics Type

First Party
Second Party
Third Party
Contract Logistics

Freight Forwarders
Asset-based logistics provider
Contract Warehousing
Providers
Others

By End User

Industrial and Manufacturing
Retail
Healthcare
Oil & Gas
Others

By Region

North America
Europe
Asia Pacific
Latin America
The Middle East and Africa

1. Executive Summary
1.1. Global Logistics Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
  2.2.1.2. Driver B
  2.2.1.3. Driver C
  2.2.2. Restraints
  2.2.2.1. Restraint 1
  2.2.2.2. Restraint 2
  2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
  2.5.1. Pre-covid and Post-covid Scenario
  2.5.2. Supply Impact
  2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. PESTLE

3. Global Logistics Market Outlook, 2019 - 2031
3.1. Global Logistics Market Outlook, by Model, Value (US$ Mn), 2019 - 2031
  3.1.1. Key Highlights
  3.1.1.1. 2 PL
  3.1.1.2. 3 PL
  3.1.1.3. 4 PL
3.2. Global Logistics Market Outlook, by Mode of Transport, Value (US$ Mn), 2019 - 2031
  3.2.1. Key Highlights
  3.2.1.1. Roadways
  3.2.1.2. Seaways
  3.2.1.3. Railways
  3.2.1.4. Airways
3.3. Global Logistics Market Outlook, by End-use, Value (US$ Mn), 2019 - 2031
  3.3.1. Key Highlights
  3.3.1.1. Manufacturing
  3.3.1.2. Consumer Goods and Retail
  3.3.1.3. Food and Beverages
  3.3.1.4. IT Hardware and Telecom
  3.3.1.5. Healthcare
  3.3.1.6. Chemicals
  3.3.1.7. Construction
  3.3.1.8. Automotive
  3.3.1.9. Oil and Gas
  3.3.1.10. Others
3.4. Global Logistics Market Outlook, by Customer, Value (US$ Mn), 2019 - 2031
  3.4.1. Key Highlights
  3.4.1.1. B2C
  3.4.1.2. B2B
3.5. Global Logistics Market Outlook, by Region, Value (US$ Mn), 2019 - 2031
  3.5.1. Key Highlights
  3.5.1.1. North America
  3.5.1.2. Europe
  3.5.1.3. Asia Pacific
  3.5.1.4. Latin America
  3.5.1.5. Middle East & Africa
  3.5.2. BPS Analysis/Market Attractiveness Analysis

4. North America Logistics Market Outlook, 2019 - 2031
4.1. North America Logistics Market Outlook, by Model, Value (US$ Mn), 2019 - 2031
  4.1.1. Key Highlights
  4.1.1.1. 2 PL
  4.1.1.2. 3 PL
  4.1.1.3. 4 PL
4.2. North America Logistics Market Outlook, by Mode of Transport, Value (US$ Mn), 2019 - 2031
  4.2.1. Key Highlights
  4.2.1.1. Roadways
  4.2.1.2. Seaways
  4.2.1.3. Railways
  4.2.1.4. Airways
4.3. North America Logistics Market Outlook, by End-use, Value (US$ Mn), 2019 - 2031
  4.3.1. Key Highlights
  4.3.1.1. Manufacturing
  4.3.1.2. Consumer Goods and Retail
  4.3.1.3. Food and Beverages
  4.3.1.4. IT Hardware and Telecom
  4.3.1.5. Healthcare
  4.3.1.6. Chemicals
  4.3.1.7. Construction
  4.3.1.8. Automotive
  4.3.1.9. Oil and Gas
  4.3.1.10. Others
4.4. North America Logistics Market Outlook, by Customer, Value (US$ Mn), 2019 - 2031
  4.4.1. Key Highlights
  4.4.1.1. B2C
  4.4.1.2. B2B
4.5. North America Logistics Market Outlook, by Country, Value (US$ Mn), 2019 - 2031
  4.5.1. Key Highlights
  4.5.1.1. U.S.
  4.5.1.2. Canada
  4.5.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Logistics Market Outlook, 2019 - 2031
5.1. Europe Logistics Market Outlook, by Model, Value (US$ Mn), 2019 - 2031
  5.1.1. Key Highlights
  5.1.1.1. 2 PL
  5.1.1.2. 3 PL
  5.1.1.3. 4 PL
5.2. Europe Logistics Market Outlook, by Mode of Transport, Value (US$ Mn), 2019 - 2031
  5.2.1. Key Highlights
  5.2.1.1. Roadways
  5.2.1.2. Seaways
  5.2.1.3. Railways
  5.2.1.4. Airways
5.3. Europe Logistics Market Outlook, by End-use, Value (US$ Mn), 2019 - 2031
  5.3.1. Key Highlights
  5.3.1.1. Manufacturing
  5.3.1.2. Consumer Goods and Retail
  5.3.1.3. Food and Beverages
  5.3.1.4. IT Hardware and Telecom
  5.3.1.5. Healthcare
  5.3.1.6. Chemicals
  5.3.1.7. Construction
  5.3.1.8. Automotive
  5.3.1.9. Oil and Gas
  5.3.1.10. Others
5.4. Europe Logistics Market Outlook, by Customer, Value (US$ Mn), 2019 - 2031
  5.4.1. Key Highlights
  5.4.1.1. B2C
  5.4.1.2. B2B
5.5. Europe Logistics Market Outlook, by Country, Value (US$ Mn), 2019 - 2031
  5.5.1. Key Highlights
  5.5.1.1. Germany
  5.5.1.2. France
  5.5.1.3. U.K.
  5.5.1.4. Italy
  5.5.1.5. Spain
  5.5.1.6. Russia
  5.5.1.7. Rest of Europe
  5.5.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Logistics Market Outlook, 2019 - 2031
6.1. Asia Pacific Logistics Market Outlook, by Model, Value (US$ Mn), 2019 - 2031
  6.1.1. Key Highlights
  6.1.1.1. 2 PL
  6.1.1.2. 3 PL
  6.1.1.3. 4 PL
6.2. Asia Pacific Logistics Market Outlook, by Mode of Transport, Value (US$ Mn), 2019 - 2031
  6.2.1. Key Highlights
  6.2.1.1. Roadways
  6.2.1.2. Seaways
  6.2.1.3. Railways
  6.2.1.4. Airways
6.3. Asia Pacific Logistics Market Outlook, by End-use, Value (US$ Mn), 2019 - 2031
  6.3.1. Key Highlights
  6.3.1.1. Manufacturing
  6.3.1.2. Consumer Goods and Retail
  6.3.1.3. Food and Beverages
  6.3.1.4. IT Hardware and Telecom
  6.3.1.5. Healthcare
  6.3.1.6. Chemicals
  6.3.1.7. Construction
  6.3.1.8. Automotive
  6.3.1.9. Oil and Gas
  6.3.1.10. Others
6.4. Asia Pacific Logistics Market Outlook, by Customer, Value (US$ Mn), 2019 - 2031
  6.4.1. Key Highlights
  6.4.1.1. B2C
  6.4.1.2. B2B
6.5. Asia Pacific Logistics Market Outlook, by Country, Value (US$ Mn), 2019 - 2031
  6.5.1. Key Highlights
  6.5.1.1. China
  6.5.1.2. Japan
  6.5.1.3. South Korea
  6.5.1.4. India
  6.5.1.5. Southeast Asia
  6.5.1.6. Rest of Asia Pacific
  6.5.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Logistics Market Outlook, 2019 - 2031
7.1. Latin America Logistics Market Outlook, by Model, Value (US$ Mn), 2019 - 2031
  7.1.1. Key Highlights
  7.1.1.1. 2 PL
  7.1.1.2. 3 PL
  7.1.1.3. 4 PL
7.2. Latin America Logistics Market Outlook, by Mode of Transport, Value (US$ Mn), 2019 - 2031
  7.2.1. Key Highlights
  7.2.1.1. Roadways
  7.2.1.2. Seaways
  7.2.1.3. Railways
  7.2.1.4. Airways
7.3. Latin America Logistics Market Outlook, by End-use, Value (US$ Mn), 2019 - 2031
  7.3.1. Key Highlights
  7.3.1.1. Manufacturing
  7.3.1.2. Consumer Goods and Retail
  7.3.1.3. Food and Beverages
  7.3.1.4. IT Hardware and Telecom
  7.3.1.5. Healthcare
  7.3.1.6. Chemicals
  7.3.1.7. Construction
  7.3.1.8. Automotive
  7.3.1.9. Oil and Gas
  7.3.1.10. Others
7.4. Latin America Logistics Market Outlook, by Customer, Value (US$ Mn), 2019 - 2031
  7.4.1. Key Highlights
  7.4.1.1. B2C
  7.4.1.2. B2B
7.5. Latin America Logistics Market Outlook, by Country, Value (US$ Mn), 2019 - 2031
  7.5.1. Key Highlights
  7.5.1.1. Brazil
  7.5.1.2. Mexico
  7.5.1.3. Rest of Latin America
  7.5.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Logistics Market Outlook, 2019 - 2031
8.1. Middle East & Africa Logistics Market Outlook, by Model, Value (US$ Mn), 2019 - 2031
  8.1.1. Key Highlights
  8.1.1.1. 2 PL
  8.1.1.2. 3 PL
  8.1.1.3. 4 PL
8.2. Middle East & Africa Logistics Market Outlook, by Mode of Transport, Value (US$ Mn), 2019 - 2031
      8.2.1. Key Highlights
  8.2.1.1. Roadways
  8.2.1.2. Seaways
  8.2.1.3. Railways
  8.2.1.4. Airways
8.3. Middle East & Africa Logistics Market Outlook, by End-use, Value (US$ Mn), 2019 - 2031
  8.3.1. Key Highlights
  8.3.1.1. Manufacturing
  8.3.1.2. Consumer Goods and Retail
  8.3.1.3. Food and Beverages
  8.3.1.4. IT Hardware and Telecom
  8.3.1.5. Healthcare
  8.3.1.6. Chemicals
  8.3.1.7. Construction
  8.3.1.8. Automotive
  8.3.1.9. Oil and Gas
  8.3.1.10. Others
8.4. Middle East & Africa Logistics Market Outlook, by Customer, Value (US$ Mn), 2019 - 2031
  8.4.1. Key Highlights
  8.4.1.1. B2C
  8.4.1.2. B2B
8.5. Middle East & Africa Logistics Market Outlook, by Country, Value (US$ Mn), 2019 - 2031
  8.5.1. Key Highlights
  8.5.1.1. GCC
  8.5.1.2. South Africa
  8.5.1.3. Rest of Middle East & Africa
  8.5.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape
9.1. Company Market Share Analysis, 2024
9.2. Competitive Dashboard
9.3. Company Profiles
  9.3.1. Moller- Maersk
  9.3.1.1. Company Overview
  9.3.1.2. Product Portfolio
  9.3.1.3. Financial Overview
  9.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
  9.3.2. J.B. Hunt Transport, Inc.
  9.3.3. C.H. Robinson Worldwide, Inc.
  9.3.4. CEVA Logistics
  9.3.5. FedEx
  9.3.6. XPO Logistics, Inc.
  9.3.7. KENCO
  9.3.8. Deutsche Post AG
  9.3.9. DB Schenker
  9.3.10. Others.

10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Logistics Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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