North America Logistics Market Share, Size, Growth, Opportunity and Forecast Analysis 2022-2027

The latest report published by IMARC Group, titled "North America Logistics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the North America logistics market share. The report also includes competitor and country analysis, and contemporary advancements in the market.

The North America logistics market size reached 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 detailed process of managing storage, procurement, and movement of resources from the origin point to their final destination. It mainly includes services, such as material handling, inbound and outbound transportation, inventory management, warehousing, etc. Logistics assist in improving operational efficiency, maintaining supply chains, reducing overhead transportation costs, etc. As a result, these services find widespread applications across various sectors, including healthcare, manufacturing, food and beverage (F&B), FMCG, consumer electronics, retail, IT hardware, automotive, telecom, oil and gas, etc.

North America Logistics Market Trends:

The escalating demand for foreign goods, especially in the emerging economies, is among the primary factors driving the North America logistics Market. Besides this, the development of a highly integrated supply chain network that links producers and consumers through several transportation modes, such as freight rail, ocean carrier, air and express delivery services, truck conveyance, etc., is further augmenting the market growth. Moreover, the elevating advancements in logistics, including automated material handling equipment, biometrics, and GPS that aid organizations and businesses to work proficiently, are also catalyzing the market across North America. Apart from this, the expanding e-commerce industry and the increasing number of international trade activities are acting as significant growth-inducing factors. Furthermore, the growing popularity of driverless vehicles and drones for enhancing operational efficiency and time of these services is expected to bolster the North America logistics market in the coming years.

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:

• Roadways
• Seaways
• Railways
• Airways

Market by End-Use:

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

Market by Country:

• United States
• Canada

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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This release was published on openPR.