The latest report by IMARC Group, titled “Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global logistics market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Logistics Market Overview:
The global logistics market reached a value of US$ 4.92 Trillion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.55 Trillion by 2027, exhibiting at a CAGR of 4.7% during 2022-2027. Logistics comprises of the numerous processes that entail planning and coordinating resources as well as services. It generally includes various components, such as inventory management, material handling, inbound and outbound transportation, warehousing, etc. In addition to this, logistics offers effective transportation and storage of goods and services. It also focuses on the proper functioning of an organization or a business. Consequently, logistics finds wide-ranging applications across several industries, including manufacturing, construction, oil and gas, telecommunications, food and beverage (F&B), etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Logistics Market Trends:
The inflating popularity of online shopping, on account of the expanding e-commerce industry, is primarily driving the logistics market. Additionally, the widespread adoption of technology-driven services is further catalyzing the market growth. Besides this, the launch of various favorable policies by government bodies across countries aimed at promoting international and intranational trade activities is augmenting the utilization of logistics to keep pace with the rising needs of importers and exporters, which, in turn, is acting as another significant growth-inducing factor.
Moreover, the escalating demand for Internet of Things (IoT)-enabled connected devices that aid in transferring the data via digital networks while ensuring safety and security is also stimulating the global market. Apart from this, the introduction of numerous advanced technologies, including automated material handling equipment, biometrics, GPS, etc., is anticipated to fuel the logistics market over the forecasted period.
By IMARC group the report has also analyzed the competitive landscape of the market with some of the top logistics companies being
- B. Hunt Transport, Inc.
- H. Robinson Worldwide, Inc.
- CEVA Logistics
- FedEx Corp.
- United Parcel Service, Inc.
- Expeditors International of Washington Inc.
- XPO Logistics Inc.
- Kenco Group Inc.
- Deutsche Post DHL Group
- Americold Logistics, LLC
- DSV Panalpina A/S
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Key Market Segmentations Breakup by:
- 2 PL
- 3 PL
- 4 PL
- Consumer Goods
- Food And Beverages
- IT Hardware
- Oil & Gas
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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