Press release
Logistics Market to reach USD 608.73 Bn by 2029, emerging at a CAGR of 7.20 percent and forecast 2023-2029
Logistics Market Report Scope and Research MethodologyMaximizing Market Research Pvt Ltd, a leading market research firm, has released its latest report on the Global Logistics Market. The market, valued at USD 258.5 billion in 2022, is anticipated to reach a staggering USD 608.73 billion by 2029, showcasing a robust Compound Annual Growth Rate (CAGR) of 7.20%.
The report delves into the dynamic world of logistics, examining the planning, implementation, and control of material and component movements from suppliers to customers. It encompasses the entire supply chain, emphasizing the transfer of information from manufacturing to final consumption. The comprehensive analysis includes market dynamics, drivers, restraints, and regional insights, providing a detailed overview of the logistics landscape.
Maximizing Market Research Pvt Ltd conducted rigorous primary and secondary research to compile this insightful report. The methodology ensures the accuracy and reliability of the data, offering a robust foundation for strategic decision-making in the logistics industry.
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Logistics Market Dynamics:
The logistics sector plays a crucial role in facilitating global trade, gaining increasing significance in an era marked by globalization and trade liberalization. The seamless nature of global trade, propelled by free trade agreements, has generated a growing demand for logistics services. This trend is particularly notable in regions such as the United States, where the market thrives amid evolving global trade dynamics.
The logistics industry is experiencing substantial growth, driven by the exponential surge in e-commerce. The continuous expansion of online shopping has created an unprecedented need for efficient logistics services. This phenomenon is most evident in the rapidly growing global e-commerce logistics market, highlighting the indispensable role of the logistics industry in the digital age. The logistics sector is actively embracing a future characterized by technology-driven solutions.
Logistics Market Regional Insights:
In North America, a mature and highly competitive logistics market thrives, emphasizing a dedicated focus on technological advancements and sustainability. The region's transportation infrastructure is characterized by efficient road and rail networks, advanced air cargo facilities, and well-established ports. Dominated by industry leaders such as FedEx, UPS, and XPO Logistics, the market reflects a strategic embrace of logistics strategies reminiscent of Amazon.com's marketing approach. The growing demand for same-day and next-day deliveries, particularly in the United States, is further propelling market expansion, underscored by the significant impact of e-commerce.
The Asia Pacific region is currently witnessing a surge in its logistics market, fueled by the flourishing global e-commerce sector and the expanding middle-class population. Key players like Alibaba's Cainiao and JD Logistics actively invest in technology-driven logistics solutions, aligning closely with the logistics approach employed by Amazon.com. China stands out as a logistics giant central to the global market, while India's market holds substantial untapped potential. Infrastructure development and government initiatives contribute to the region's growth, providing a fertile ground for market expansion.
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Logistics Market Segmentation:
The logistics market is segmented by transportation mode, logistics type, and end-use. Roadways transportation emerges as a dominant force, with the report delving into the integral role of road transportation in the global e-commerce logistics market.
by Transportation Mode
Railways
Roadways
Waterways
Airways
by Logistics Type
First Party
Second Party
Third Party
by End Use
Healthcare
Manufacturing
Aerospace
Telecommunication
Government & Public Utilities
Banking & Financial Services
Retail
Media & Entertainment
Technology
Trade & Transportation
Others
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Logistics Market Key Players:
1. Ceva
2. Lineage Logistics
3. DHL
4. Geodis logistic.
5. Americold Logistics
6. C.H. Robinson Worldwide
7. Expeditors
8. DHL Supply Chain
9. Kerry Logistics
10. Expeditors International of Washington Inc
11. GXO Logistics
12. Kuehne + Nagel International AG
13. Maersk
14. DHL Service Point
15. J. B. Hunt
16. XPO
17. DSC Logistics
18. JD Logistics
19. APL Logistics
20. XPO Logistics
21. Ryder
Get to Know More About This Market Study:https://www.maximizemarketresearch.com/market-report/global-logistics-market/94795/
Table of content for the Logistics Market includes:
1. Global Logistics Market: Research Methodology
2. Global Logistics Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Logistics Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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