Logistics Service Market is Grow at a CAGR of 6.9% from 2022 to 2027

The Logistics Services market was valued at US$ 1,122.6 Bn in 2018 and is projected to reach US$ 2,029.4 Bn by 2027; it is expected to grow at a CAGR of 6.9% from 2019 to 2027.

The growing emphasis towards achieving improved operational efficiencies coupled with the rise in popularity of outsourcing logistics operations and selected supply chain process for reducing the operational costs has gained significant traction across various industries. Moreover, the emergence of third-party logistics and fourth party logistics provider has further boosted the demand for logistics service providers globally. Currently, some of the primary services rendered by the leading logistics provider include freight forwarding, freight management, consulting, route optimization, network analysis, project management, inventory & storage management, and supply chain consultancy among others.

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Market Insights

Growing needs of unification amongst the increasingly complex supply chains

Globalization has led to increasing domestic and international trade relations between nations. Further, as many international companies' lean towards globalization and market expansions, logistical challenges have become more complex than ever. The logistical complexities have multiplied mainly due to the diverse nature of consumer demands observed in different regions pertaining to any product. 

Mode of Transportation-Based Market Insights

Efficient transportation is physically moving supplies in a relatively safe manner at the right time, in the right condition, and in a cost effective manner. The role of transport is the movement of goods from the point of manufacturer or storage to the point of use or the distribution points to end use. On the basis of mode of transport, the global market is segmented into roadways, railways, waterways, and airways. The selection criteria for the mode of transport depend on the physical characteristics of goods and supplies. In certain situations, environmental factors such as destruction of roads and railways may have a considerable impact on the mode of selection.

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Logistics Services Market Segmentation:
By Mode of Transportation

Roadways
Railways
Waterways
Airways

By Logistics Provider

First & Second Party Logistics
Third Party Logistics
Fourth Party Logistics
Fifth Party Logistics

By Organization Size

Small & Medium Enterprise
Large Enterprise

Companies Profiled in this report includes: CEVA Logistics, PANALPINA WORLD TRANSPORT (HOLDING) LTD., United Parcel Service (UPS), C.H. Robinson Worldwide, Inc., A.P. MOLLER - MAERSK, Nippon Express, FedEx, DB Schenker, DHL International GmbH, KUEHNE + NAGEL,

Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well informed decision. Competitive landscape of Brown Sugar market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.

NOTE: Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 analysis of markets and industries. Cordially get in touch for more details.

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