Logistics Industry: Overview, Outlook, Size, Share, Growth, Trends, Revenue Statistics and Market Report 2023-28

Logistics Industry: Overview, Outlook, Size, Share, Growth, Trends, Revenue Statistics and Market Report 2023-28
Logistics Industry Outlook 2023-2028
The thriving e-commerce industry, along with the increasing availability of high-speed network connectivity, represents one of the key factors positively influencing the market. As the e-commerce business is growing significantly, the demand for efficient logistics services is increasing. The global logistics market size reached US$ 5.2 Trillion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.8 Trillion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.

The latest report by IMARC Group, titled “Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global logistics industry. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global logistics market size reached US$ 5.2 Trillion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.8 Trillion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.

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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.

Competitive Landscape:

By IMARC group the report has also analyzed the competitive landscape of the market with some of the top 10 logistics companies being

J.B. Hunt Transport, Inc.

Establishment: 1961

Headquarters: Lowell, Arkansas, United States

C.H. Robinson Worldwide, Inc.

Establishment: 1905

Headquarters: Eden Prairie, Minnesota, United States

CEVA Logistics

Establishment: 1946

Headquarters:  United Kingdom

FedEx Corp.

Establishment: 1973

Headquarters: Memphis, Tennessee, United States

United Parcel Service, Inc.

Establishment:  1907

Headquarters: Atlanta, Georgia, United States

Expeditors International of Washington Inc.

Establishment: 1979

Headquarters: Seattle, Washington, United States

XPO Logistics Inc.

Establishment: 2011

Headquarters: Greenwich, Connecticut, United States

Kenco Group Inc.

Establishment: 1950

Headquarters: Chattanooga, Tennessee, United States

Deutsche Post DHL Group

Establishment: 1969

Headquarters: Bonn, Germany

Americold Logistics, LLC

Establishment: 1903

Headquarters: Atlanta, Georgia, United States

DSV Panalpina A/S

Establishment: 1976

Headquarter: Denmark

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.

Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/logistics-market

Key Market Segmentation:                           

Breakup by Transportation Mode:

  • Roadways
  • Seaways
  • Railways
  • Airways

Breakup by Model Type:

  • 2 PL
  • 3 PL
  • 4 PL

Breakup by End-use:

  • Consumer Goods
  • Retail
  • Food And Beverages
  • IT Hardware
  • Healthcare
  • Chemicals
  • Construction
  • Automotive
  • Telecom
  • Oil & Gas
  • Others

Breakup by Region:

  • 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)

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Key highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • 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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