Press release
Logistics Services Market with Global Outlook, Competitive Analysis, Market Growth, Market Size, Share, Forecast To 2031
Logistics Services refers to the management of goods movement from one point to another in an efficient manner. Logistics service providers can handle everything from warehousing and storage solutions to transportation management systems (TMS) that optimize shipment route planning. The logistics services market is projected to reach US$1,758.22 billion by 2031 from US$1077.47 million in 2021 it is estimated to grow at a CAGR of 5.6% from 2021 to 2031.Get Sample Brochure at:
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Top Key Players:
CEVA LOGISTICS
PANALPINA WORLD TRANSPORT (HOLDING) LTD
UNITED PARCEL SERVICE (UPS)
C.H. ROBINSON WORLDWIDE, INC
A.P. MOLLER - MAERSK
NIPPON EXPRESS
FEDEX
DB SCHENKER
DHL INTERNATIONAL GMBH
KUEHNE + NAGEL
The logistics services market is segmented on the basis of Mode of Transportation, Logistics Providers, Organization size, and End-users. Based on Mode of Transportation, the market is segmented into Roadways, Waterways, Rail and, Airways; based in Logistics Providers, the market is bifurcated into First & Second Party Logistics, Third Party Logistics, Fourth Party Logistics, and Fifth Party Logistics; by Organization size, the market is segmented into Small and Medium enterprises and Large enterprises, and by End-users the market is further segmented into Government & Public Utilities, Healthcare, Industrial Manufacturing, Retail & Consumer Goods, and Aerospace & Defense, and Others
The increasing reliance on improving operational efficiency, along with the rising popularity of outsourcing logistics operations and selected supply chain processes to reduce operating costs, has gained momentum across a variety of sectors. In addition, the advent of third-party logistics and fourth-party logistics companies has increased the global demand for logistics service providers. Freight forwarding, freight management, consulting, route optimization, network analysis, project management, inventory and storage management, and supply chain consultancy are among the key services provided by leading logistics companies.
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