Global Logistics Market Valued at USD 345.13 Billion in 2023, Expected to Grow at a 9.6% CAGR, Reaching USD 536.88 Billion by 2030

The Logistics Market size was valued at USD 345.13 Billion in 2023 and the total Global Logistics revenue is expected to grow at a CAGR of 9.6 % from 2024 to 2030, reaching nearly USD 536.88 Billion by 2030.

Logistics Market Overview:

The global logistics market is a dynamic component of the economy, around the planning, implementation, and control of the efficient flow and storage of goods, services, and information from point of origin to point of consumption. The crucial importance in supply chain management, facilitating trade and commerce worldwide. Key drivers of the logistics market include globalization, e-commerce growth, technological advancements, and infrastructure development. Major players in the industry offer a range of services, including transportation, warehousing, inventory management, and freight forwarding. The market is highly competitive, with companies continually innovating to meet evolving customer demands and market trends.

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Logistics Market Dynamics:

E-commerce belongs to the buying and selling of goods over the internet. Shipping goods to customers is handled by third-party service providers. Logistics services are also used in the e-commerce sector to manage and oversee e-commerce businesses' supply chains, allowing these businesses to focus on marketing and other company operations. As a result of the numerous benefits that logistics provides the e-commerce business, the adoption of these services is increasing significantly, boosting market growth. During the predicted period, the global logistics market is expected to grow owing to the emerging popularity of outsourcing in multinational corporations (MNCs) to distribute and manufacture on a global scale.

Logistics Market Regional Analysis

North America has been dominated the Logistics Market, with a highest market revenue share in 2023. This growth is attributed to the region's highly developed infrastructure, particularly its extensive rail and road connectivity. The United States, in particular, boasts a sophisticated supply chain network that integrates producers and consumers through various transportation modes, including air and express delivery services, freight rail, maritime transport, and truck transport. This robust infrastructure contributes to the United States' position as a key market for logistics in the region.

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Logistics Market Segmentation:

By Transporation Mode, According to SMR research, the Transportation segment is divided into Railways, Roadways, Waterways, and Airways. The Roadways segment dominated the market, with a highest market share in 2023 renowned for its extensive reach and cost-effectiveness, road transportation plays a pivotal role in distribution logistics within the marketing domain. It serves as a linchpin in the ever-expanding global e-commerce logistics market, contributing to its substantial growth. Particularly, the Roadways transportation segment has experienced remarkable market development, with particular prominence in regions such as the United States. Concurrently, the Airways Transportation segment, a critical player in the global e-commerce market, is positioned for rapid growth. This phenomenon underscores the increasing reliance on air transportation within the logistics sector, a trend observed on a global scale and transcending geographical boundaries.

Leading Logistics Market key industry:

Ceva - Switzerland
Lineage Logistics - United States
DHL - Germany
Geodis - France
Americold Logistics - United States
C.H. Robinson Worldwide - United States
Expeditors - United States
DHL Supply Chain - Germany
Kerry Logistics - Hong Kong
Expeditors International of Washington Inc - U

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Key questions answered in the Logistics Market are:

What segments are covered in the Logistics Market report?
Which region is expected to hold the highest share in the Logistics Market?
What is the market size of the Logistics Market by 2030?
What is the forecast period for the Logistics Market?
What was the market size of the Logistics Market in 2023?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations


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Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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