Logistics Nodes Global Market Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Logistics Nodes Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The logistics nodes market size has grown rapidly in recent years. It will grow from $23.83 billion in 2023 to $26.92 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to changes in fuel prices, rising inflation rates, consumer spending patterns, regulatory changes, and expansion or upgrades of ports, airports, railways, and highways.

The logistics nodes market size is expected to see rapid growth in the next few years. It will grow to $44.07 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to sustainability initiatives, climate change adaptation, growing demand for energy efficiency, increasing focus on resilience against disruptions, protection of sensitive data, and cybersecurity measures. Major trends in the forecast period include the adoption of automated warehouses, e-commerce growth, increasing reliance on big data analytics, integration of various transportation modes, and increasing focus on efficient handling of returns and recycling processes.

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Market Drivers and Trends:

The rapid growth of the e-commerce industry is expected to propel the growth of the logistics nodes market going forward. The e-commerce industry refers to the purchase and sale of products and services over the Internet, allowing businesses and customers to make transactions electronically without the need for physical interaction and frequently using technologies to speed up commerce. The e-commerce industry is growing due to convenience and accessibility, mobile commerce growth, logistics and delivery services, and internet penetration. Logistics nodes offer fast and effective last-mile delivery while also managing increasing volumes of cargo through efficient sorting, processing, and redistribution. For instance, in November 2023, according to the International Trade Administration, a US-based Department of Commerce, as of January 2021, consumer eCommerce accounted for 36.3% of the UK's total retail market, and it is anticipated to achieve $285.60 billion in revenue by 2025. Moreover, eCommerce revenues in the UK are expected to grow at an average annual rate of 12.6%, leading up to 2025. Therefore, the rapid growth of the e-commerce industry is driving the growth of the logistics nodes market.

Major companies operating in the logistics nodes market are focusing on developing advanced visual artificial intelligence technology to improve data accuracy and speed up the process for carriers. Visual artificial intelligence, a cutting-edge technology, uses video recognition to automate the process of capturing trailer numbers and matching appointments when a truck comes on-site. For instance, in January 2024, RXO Inc., a US-based transportation solutions provider, launched an artificial intelligence (AI)-powered truck check-in system for warehouses and distribution centers. The system uses machine learning, computer vision, and word recognition to interpret video content from the gatehouse, instantly extracting key information such as trailer numbers and matching appointments. This drastically decreased carrier wait times and eliminated errors and truck delays at the gate. RXO intends to implement the AI-powered check-in system at their other high-volume facilities and provide it as a separate service to other enterprises that operate in high-traffic areas.

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Major Key Players of the Market:

CEVA Logistics, Kuehne + Nagel, DB Schenker, C.H. Robinson Worldwide Inc., DSV A/S, Expeditors International, Sinotrans Logistics, GEODIS, Dachser Group SE & Co. KG, Penske Logistics, Prologis Inc., Schneider National Inc., Hellmann Worldwide Logistics, Hub Group Inc., XPO Inc., Americold Logistics Inc., Aramex, Bolloré Logistics, Lineage Inc., Blue Dart Express Limited, FedEx, YUSEN LOGISTICS CO. LTD., United Parcel Service of America Inc., Toll Holdings Limited

Logistics Nodes Market 2024 Key Insights:

• The logistics nodes market size is expected to see rapid growth in the next few years. It will grow to $44.07 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%.
• E-commerce Industry Propel Growth Of The Logistics Nodes Market
• Advanced Visual Artificial Intelligence (AI) Enhances Efficiency And Accuracy In Logistics Nodes
• Asia-Pacific was the largest region in the logistics nodes market in 2023

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