Logistics Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Logistics Market Statistics 2027
The global logistics market size is valued at US$ 7641.20 billion in 2017 and is projected to reach US$ 12975.64 billion by 2027 registering a CAGR of 6.5% from 2020 to 2027. Key drivers of the logistics market include the growing penetration of the ecommerce industry along with rise in reverse logistics operations.

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Trends Influencing the Growth of Global Logistics Market
Growing ecommerce industry along with reverse logistics
Due to the growing penetration of e-commerce industry, third party logistics service providers are increasingly being used to ship products to consumers. Further various ecommerce companies are using logistics services to manage and oversee the entire supply chain processes of ecommerce companies so that these companies can focus on other business activities and marketing. Thus growing ecommerce trade along with rising reverse logistics operations is expected to fuel the growth of the logistics market during the forecast period.
Increasing trade agreements and rise in globalization
Due to rapidly changing market conditions and increasing global economy there is a continuous rise in globalization. This is creating an increase in trade activities and more trade agreements among nations. Therefore rising trade volume is making the tracking process of manufacturers and retailers more difficult leading to widescale adoption of logistics services . Further the expansion of the overseas market is also expected to boost the growth of the market. Moreover logistics plays a key role in trade activities as price sensitive consumers now want wider choice of high quality products with on time delivery. Thus rising trade volume due to globalization is expected to propel the growth of the logistics market during the forecast period.

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By End Use
o Healthcare
o Manufacturing
o Aerospace
o Telecommunication
o Government & Public Utilities
o Banking & Financial Services
o Retail
o Media & Entertainment
o Technology
o Trade & Transportation
o Others
By Mode of Transportation
o Railways
o Airways
o Roadways
o Waterways
By Key Players
• MOLLER - MAERSK
• H. Robinson Worldwide, Inc.
• DB SCHENKER (Deutsche Bahn Group (DB Group))
• Deutsche Post AG (DHL Group) (DHL Group)
• DSV (DSV Panalpina)
• FEDEX
• GEODIS
• Kuehne+Nagel
• Nippon Express
• United Parcel Service, Inc. (UPS)

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