Global Logistics Market Set to Expand from $345.13 Billion to $536.88 Billion by 2030, Driven by a 9.6% CAGR: Stellar Market Research

𝐄𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐆𝐫𝐨𝐰𝐭𝐡:

𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at USD 345.13 Billion in 2023 and the total Global Logistics revenue is expected to grow at a CAGR of 9.6 % from 2024 to 2030, reaching nearly USD 536.88 Billion by 2030.

𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The global logistics market plays a crucial role in the economy by managing the planning, implementation, and control of the efficient movement and storage of goods, services, and information from their origin to consumption points. This sector is vital to supply chain management and underpins global trade and commerce. Key factors driving the logistics market include globalization, the expansion of e-commerce, advancements in technology, and infrastructure development. Major industry players provide a variety of services such as transportation, warehousing, inventory management, and freight forwarding. The market is highly competitive, with companies constantly innovating to adapt to changing customer needs and market conditions.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.stellarmr.com/report/req_sample/Logistics-Market/1811

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬?

E-Commerce Growth and Trade Agreements Fuel Market Expansion

E-commerce involves the online buying and selling of goods, with third-party logistics providers handling the shipping of products to customers. Logistics services are crucial in the e-commerce sector, managing and streamlining supply chains so that e-commerce businesses can concentrate on marketing and other operational areas. The rise of e-commerce has significantly boosted the logistics market, with global growth driven by the increasing trend of multinational corporations outsourcing logistics to facilitate worldwide distribution and manufacturing.

The World E-Commerce Forum (WORLDEF) reports that global e-commerce volume reached USD 6.5 trillion in 2023, up from USD 5.5 trillion at the end of 2022, reflecting a 14% increase from USD 4.9 trillion in 2021. In India, the e-commerce market grew by 21.5% in 2022, reaching USD 74.8 billion, according to the India Brand Equity Foundation (IBEF).

Logistics offers several advantages, including enhanced delivery performance, reduced operational costs, and improved customer satisfaction. It is considered essential by many manufacturers and retailers worldwide for its role in increasing business competitiveness through flexibility, delivery efficiency, quality, and cost reduction. Globalization has further accelerated market growth, with many multinational companies outsourcing logistics functions and optimizing manufacturing processes across various countries to reduce overall costs.

Challenges in Governance and Standardization

Despite its growth, the logistics industry faces challenges related to varying governance standards and a lack of global standardization. Inconsistent regulatory frameworks and the absence of coordinated global logistics standards have impacted the uniformity of logistics practices, particularly in European countries like the United Kingdom, Germany, and France. Standardization issues prevent vendors from offering comprehensive solutions and hinder the efficiency of logistics management.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 ?

North America leads the logistics market, holding the largest revenue share in 2023. This dominance is due to the region's advanced infrastructure, particularly its extensive rail and road networks. The United States, with its sophisticated supply chain infrastructure encompassing air and express delivery, freight rail, maritime transport, and trucking, stands out as a key logistics market.

The logistics market report includes major countries such as the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil. These countries are significant players in the logistics sector, each with unique market characteristics and challenges. As economic growth and industrial development continue, the demand for effective logistics solutions is expected to rise, driving innovation and investment in the industry.

𝐅𝐑𝐄𝐄 𝐆𝐞𝐭 𝐚 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰! @https://www.stellarmr.com/report/req_sample/Logistics-Market/1811

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 ?

by Transportation Mode

Railways
Roadways
Waterways
Airways

by Logistics Type

First Party
Second Party
Third Party
Fourth Party

by Customer Type

B2B
B2C

by Application

Healthcare
Industrial and Manufacturing
Aerospace
Telecommunication
Others

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

Ceva - Switzerland
Lineage Logistics - United States
DHL - Germany
Geodis - France
Americold Logistics - United States
C.H. Robinson Worldwide - United States
Expeditors - United States
DHL Supply Chain - Germany
Kerry Logistics - Hong Kong
Expeditors International of Washington Inc - United States
GXO Logistics - United States
Kuehne + Nagel International AG - Switzerland
Maersk - Denmark
DHL Service Point - Germany
J. B. Hunt - United States
XPO - United States
DSC Logistics - United States
JD Logistics - China
APL Logistics - Singapore
XPO Logistics - United States
Ryder - United States

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐥𝐞𝐚𝐬𝐞 𝐕𝐢𝐬𝐢𝐭:https://www.stellarmr.com/report/Logistics-Market/1811

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
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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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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𝐀𝐛𝐨𝐮𝐭 𝐒𝐭𝐞𝐥𝐥𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. Firm research on many topics like Healthcare, Pharmaceuticals, Electronics and communications, Chemical and Material, Food and Beverages, Aerospace and defense, and other sectors. The company provide numerous services i.e. consultancy, Market Intelligence, Syndicate Research etc. to help executives in any organization and consumers achieve their mission-critical goals.

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