North America Logistics Market Size, Share, Growth, Leading Companies and Industry Trends 2022-2027
The North America logistics market reached a value of US$ 1,377 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,596.9 Billion by 2027, exhibiting a CAGR of 2.56% during 2022-2027.
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Logistics is the process of moving and coordinating resources from the point of origin to the destination. It involves the management of the flow of goods, equipment, food, and other materials, to efficiently and effectively store goods and services. It forms an integral part of the supply chain management which includes planning, implementing, information integration, inventory warehousing services, transportation, material handling, packaging, and overall security of products.
Market Trends and Drivers:
The North America logistics market is primarily driven by the growing e-commerce industry. In addition to this, the rising penetration of high-speed internet is increasing the popularity of online shopping, which is fueling the market growth. Besides this, the growing environmental concerns have resulted in the shift toward green logistics solutions. Moreover, the utilization of multi-modal systems with a highly integrated supply chain network that links producers and consumers through multiple transportation modes, such as air and express delivery services, freight rail, maritime transport, and truck transport, are also significantly influencing the market growth. Furthermore, the advancements in technology, such as the introduction of tech-driven logistic services and the rising adoption of IoT-enabled connected devices and biometrics in the logistics process, are creating a positive outlook for the market.
Key Market Segmentation:
The report has segmented the North America logistics market on the basis of model type, transportation Mode, end-use and country.
Market by Model Type:
• 2 PL
• 3 PL
• 4 PL
Market by Transportation Mode:
Market by End-Use:
• Consumer Goods
• Food and Beverages
• IT Hardware
• Oil and Gas
Market by Country:
• United States
Competitive Landscape With Key Players:
The competitive landscape of the North America logistics market has been studied in the report with the detailed profiles of the key players operating in the market.
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Key Highlights of the Report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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