2023 Exploring Trends, Innovations in the Global Logistics Market: Latest Research Report Till 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 market. 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.

Logistics refers to the systematic coordination and management of a complex operation involving people, facilities, and supplies. It is the backbone of global commerce, enabling the smooth transfer of goods from producers to consumers. In essence, it covers everything from inventory management, warehousing, material handling, packaging, to transportation and security. It employs sophisticated strategies and software systems to ensure the most efficient and cost-effective routes for delivering products.

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Global Logistics Market Trends:

The global market is primarily driven by the proliferation of e-commerce that necessitates a capable logistics system to ensure timely delivery and maintain customer satisfaction. The increase in cross-border trade, combined with streamlined customs and import/export processes, also propels the market forward. Besides this, the integration of advanced technologies, such as artificial intelligence and machine learning, is creating lucrative opportunities in the market. Moreover, the rise of green logistics aimed at reducing environmental impact is favorably influencing the market dynamics.

Additionally, the expansion of manufacturing sectors in emerging economies is a key contributing factor. Furthermore, the escalating demands for efficient cold chain logistics for perishable goods and pharmaceuticals provide a significant impetus. The market also benefits from an increasing focus on improving last-mile delivery services. Some of the other contributing factors include the advent of smart logistics featuring real-time tracking, the growing move towards third-party logistics services, and extensive research and development (R&D) activities.

By IMARC group, Some of the Top Logistics Companies Operating in the Market are Given Below:

• J.B. Hunt Transport, Inc.
• C.H. Robinson Worldwide, Inc.
• CEVA Logistics
• FedEx Corp.
• United Parcel Service, Inc.
• Expeditors International of Washington Inc.
• XPO Logistics Inc.
• Kenco Group Inc.
• Deutsche Post DHL Group
• Americold Logistics, LLC
• DSV Panalpina A/S

Explore the Full Report with Charts, Table of Contents, and 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)

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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.