Press release
Global Distribution Logistics Market Report 2024: Key Trends, Innovations, and Growth Forecast
Global Distribution Logistics Market Trends
The new report published by The Business Research Company, titled Distribution Logistics Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the distribution logistics market size has grown strongly in recent years. It will grow from $8,883.40 billion in 2023 to $9,504.54 billion in 2024 at a compound annual growth rate (CAGR) of 7%. The distribution logistics market size is expected to see strong growth in the next few years. It will grow to $12,512.35 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%.
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What Is Driving The Growth Of The Global Distribution Logistics Market?
Impact Of Distribution Logistics On The E-Commerce Sector
The growing e-commerce sector is expected to propel the growth of the distribution logistics market going forward. The growing e-commerce sector is driven by increased global internet access, which expands online shopping opportunities and enhanced supply chain and delivery solutions that ensure faster and more reliable shipping. Distribution logistics in e-commerce ensures efficient and timely delivery of products from warehouses to customers, enhancing overall satisfaction and operational efficiency. For instance, in June 2022, according to Ecommerce Europe, a Belgium-based non-profit association, in 2021, the total European e-commerce sector surged to approximately USD 869 billion, boasting a growth rate of 13% from the previous year's USD 681.90 billion, and the growth momentum is expected to continue in 2022, projecting an 11% growth rate and an anticipated turnover of approximately USD 958 billion. Therefore, the growing e-commerce sector will drive the growth of the distribution logistics market.
What Is The Key Trend In The Global Distribution Logistics Market?
AI-Powered Solutions For Autonomous Delivery And Route Optimization
Major companies operating in the distribution logistics market are developing AI-powered delivery logistic solutions such as route optimization solutions to enhance efficiency, reduce costs, and improve delivery accuracy. AI-powered route optimization enhances logistics by improving efficiency, reducing costs, and ensuring timely deliveries through real-time data and predictive analytics. For instance, in March 2024, Walmart Commerce Technologies, a US-based technology provider for the retail and logistics industry, launched AI-powered Route Optimization technology as a Software as a Service (SaaS). This solution helps businesses of all sizes enhance their supply chain by optimizing truck routes, packing trailers efficiently, and reducing emissions. The key features are automated multi-stop route planning, efficient trailer packing, on-time deliveries despite weather and traffic, strategic inventory pickup, and actionable insights for improved decision-making.
How Is The Global Distribution Logistics Market Segmented?
The distribution logistics market covered in this report is segmented -
1) By Inventory Management: Just-In-Time Inventory, Warehousing, Drop Shipping, Vendor Managed Inventory
2) By Transportation Mode: Road Transport, Rail Transport, Air Freight, Sea Freight
3) By Distribution Channel: Direct To Consumers, Retail Stores, Wholesalers, E-Commerce
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How Is The Competitive Landscape Of The Global Distribution Logistics Market?
Major companies operating in the distribution logistics market are Deutsche Post AG, UPS SCS Inc., FedEx Corporation, Maersk Logistics and Services UK Ltd., Ceva Holdings LLC, Kühne + Nagel International AG, DSV A/S, DB Schenker, C.H. Robinson Worldwide Inc, Nippon Express Company Ltd., Kerry Logistics Network Limited, XPO Inc., ZTO Express (Cayman) Inc, Landstar System Inc., Yusen Logistics Co. Ltd, Agility Logistics Private Limited, Keppel Logistics Pte Ltd, Singapore Post Limited, GWC Logistic, YCH Group Limited, WHA Corporation, CWT Limited, Gemadept Corporation, CJ Century Logistics Holdings Berhad, Tiong Nam Logistics Holdings Berhad
Contents Of The Global Distribution Logistics Market
1. Executive Summary
2. Distribution Logistics Market Report Structure
3. Distribution Logistics Market Trends And Strategies
4. Distribution Logistics Market - Macro Economic Scenario
5. Distribution Logistics Market Size And Growth
…..
27. Distribution Logistics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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