Press release
Logistics Market Analysis, Growth, Trends, Industry Report and Forecast 2025-2034
With rapid globalization, booming e-commerce, and rising industrial activity, the logistics market has emerged as a crucial pillar supporting economic growth worldwide.
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Key Highlights of the Report
Market Overview (2025-2034)
Market Size in 2024: USD 11.26 Trillion
Forecast Market Size by 2034: USD 20.74 Trillion
Forecast CAGR (2025-2034): 6.30%
The global logistics market reached a substantial valuation of USD 11.26 trillion in 2024 and is projected to grow at a CAGR of 6.30% over the forecast period of 2025 to 2034, reaching nearly USD 20.74 trillion by 2034. This growth is driven by the increasing complexity of supply chains, expanding global trade, and growing demand for last-mile delivery services across various sectors.
Industry Definition and Market Segmentation
Logistics refers to the overall process of managing the flow of goods, services, and information from the point of origin to the point of consumption. It encompasses transportation, warehousing, inventory management, and order fulfillment. In today's fast-paced global economy, efficient logistics systems are vital for businesses to maintain competitiveness and ensure timely delivery of products.
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Breakup by Model Type:
1PL (First-Party Logistics)
2PL (Second-Party Logistics)
3PL (Third-Party Logistics)
Others
The 3PL model dominates the market as businesses increasingly outsource logistics operations to specialized third-party providers for cost efficiency, flexibility, and better service quality.
Breakup by Transportation Mode:
Roadways
Seaways
Railways
Airways
Road transportation remains the most widely used mode due to its accessibility and suitability for last-mile delivery. However, seaways dominate in terms of international cargo movement, while airways cater to time-sensitive and high-value shipments.
Breakup by End User:
Manufacturing
Consumer Goods and Retail
Food and Beverages
IT Hardware and Telecom
Healthcare
Chemicals
Construction
Automotive
Oil and Gas
Others
The rise of e-commerce and increased consumer demand have significantly boosted logistics activities in the consumer goods and retail sector. Meanwhile, industries like automotive, healthcare, and IT hardware rely on complex logistics networks for managing global supply chains and just-in-time delivery systems.
Market Breakup by Region
The report covers major regional markets including:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Market Trends
One of the most notable trends reshaping the logistics industry is the digitization and adoption of advanced technologies, including artificial intelligence (AI), Internet of Things (IoT), blockchain, and robotics. These innovations are helping logistics providers enhance route optimization, track shipments in real-time, and improve overall efficiency.
Another trend is the surge in demand for sustainable logistics, with companies focusing on green transportation solutions such as electric delivery vehicles and carbon-neutral shipping practices. Additionally, the growth of omnichannel retailing is pushing logistics firms to invest in last-mile delivery capabilities and automated warehousing solutions.
The pandemic accelerated the shift toward e-commerce and contactless delivery, driving innovation in logistics services. As businesses focus on building more resilient and responsive supply chains, demand for integrated logistics services is expected to continue growing.
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Key Market Players
The global logistics market is highly competitive and features several leading players, including:
FedEx Corporation
United Parcel Service, Inc. (UPS)
Schenker AG
C.H. Robinson Worldwide Inc.
Deutsche Post AG (DHL)
Evri Limited
DSV A/S
CMA CGM Group (CEVA Logistics SA)
These companies are actively investing in automation, smart logistics technologies, and sustainable practices to stay ahead in the evolving market landscape.
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