Logistics Market

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The major factors which are propelling the growth of the global logistics market include the rising technological advancements in the logistics industry such as the implementation of artificial intelligence and machine learning techniques to the data analytics for delivering truly dynamic routing and the adoption of cloud technology enabling the platform solutions which provides scalability and flexibility in the operations of the organization. In addition, growing activities of trade worldwide, increasing penetration of internet retailing, and rising e-commerce industry are some other key factors proliferating the demand for the logistics process in the market during the forecast period.

Increasing demand for logistics across several industry verticals as it enhances the supply chain transparency, efficiency, decrease costs, and helps to boost the revenue along with the growing volume of international business activities will further surge the demand of the market over the coming years. Moreover, the rising penetration of internet of things (IoT) in the logistics industry is leading to a reduction in the security issues such as counterfeiting and others, optimization of asset utilization, enabling of accurate monitoring of the workflow and the resources is another factor thriving several growth opportunities for the logistics in the market. The increasing consumer’s expectations to get the shipments faster, flexibly, along with increased transparency at a low price, and the entrance of several new entrants in the logistics sector aiming towards using new technology to enter the industry are the factors creating enhancement in the process of how the logistics companies performed operations. The factors that are hindering the growth of the global logistics market include the high cost of inventory and lack of required warehouse space.

The increase in trade agreements across several nations, expansion of e-commerce industry and rapid globalization are projected to augment the logistics market size. For example, in December 2020, India and the UK introduced a free trade agreement (FTA) in areas such as fintech, chemicals, defense manufacturing, pharmaceuticals, petroleum, and food products. The ongoing innovations in logistics industry which include the advent of automated material handling equipment, biometrics, GPS, etc. to help organizations work smoothly will expand the market growth. As per the logistics market research, a drastic surge in internet retailing and the growing use of logistics in e-commerce industry to manage the supply chain will drive the market share. According to the UN’s trade and development body (UNCTAD) report published on April 2020, e-commerce sales reached $25.6 trillion globally in 2018, which was 30% of the global gross domestic product (GDP). Further, the advent of last mile deliveries, logistics automation, because of the adoption of multi-modal system is forecast to strengthen the market size. Logistics improve the supply chain transparency, efficiency, reduce costs, and increases the revenue along with the growing volume of international business activities will further propel the global logistics market growth.

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Based on the end-use industry, the manufacturing segment is anticipated to increase at a higher CAGR during the forecast period owing to the rising adoption of logistics in this industry as a result of its several benefits that include quality control, competitive advantage, decreased time of delivery, along with enabling in developing good customer relations.

Based on the logistics model, the third party logistics segment is expected to grow at a higher compound annual growth rate over the forecast period due to the increasing use of the third-party logistics by the companies as these helps in avoiding the distribution infrastructure investments as they have already invested in the systems & buildings, decrease the accountability in freight operations and evade the maintenance & fleet investments.

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Based on the region, Asia-Pacific is anticipated to dominate the market during the forecast period owing to the rising import and export activities and the economic environment. In addition, growth in the GDP rates, rapid urbanization, and the presence of more manufacturer bases are some other factors driving the growth of the logistics market in this region.

Various notable players operating in the market include C.H. Robinson Worldwide, Inc., Deutsche Post AG, DB Schenker, A.P. Moller – Maersk, Kuehne + Nagel, DSV, United Parcel Service of America, Inc., GEODIS, Supply Chain Solutions, among others.

Key Developments: 

• • In 2021, C.H. Robinson acquired Combinex Holding B.V. The acquisition was intended to expand their footprint in Europe.
    In 2021, DB Schenker decided to expand the global networks n Spain by the acquisition of two leading transport companies incorporating 150 employees into DB Schenker in order to ensure consumer efficiency.
  • In 2020, C.H. Robinson Worldwide, Inc. acquired Prime Distribution Services, which is a leading supplier of retail consolidation and value-added warehouse services in North America. Through this acquisition, the company planned to expand its retail consolidation business and to enhance the capabilities and expertise of the portfolio of the company.
  • In 2019, DB Schenker opened a massive, new logistics & distribution center named as DLC II, in Dubai. This is the company’s first complete solar-powered logistics center in Dubai and is built to assist as a base of the long-term plans of the company to develop a logistics hub in the Middle East.

The global logistics market has been segmented on the basis of mode of transport, end-user industry, logistics model, and region. Based on the mode of transport, the market is segmented into airways, railways, waterways, and roadways. Based on the end-user industry, the market is segmented into the trade & transportation, telecommunication, healthcare, government & public utilities, retail, manufacturing, BFSI, media & entertainment, information technology, and others. Based on the logistics model, the market is segmented into first party logistics, second party logistics, third party logistics, and fourth party logistics.

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Key questions answered in this research report:

• • At what pace is the global logistics market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global logistics market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global logistics market?
  • Which mode of transport generated maximum revenues in 2019 and identify the most promising mode of transport during the forecast period?
  • What are the various end-user industries of logistics market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Logistics Market by Mode of Transport

• • Airways
  • Railways
  • Waterways
  • Roadways

Global Logistics Market by End-User Industry

• • Trade & Transportation
  • Telecommunication
  • Healthcare
  • Government & Public Utilities
  • Retail
  • Manufacturing
  • BFSI
  • Media & Entertainment
  • Information Technology
  • Others

Global Logistics Market by Logistics Model

• • First Party Logistics
  • Second Party Logistics
  • Third Party Logistics
  • Fourth Party Logistics

Global Logistics Market by Region

• • North America Logistics Market (Option 1: As a part of the free 25% customization)
    • By Mode of Transport
    • By End-User Industry
    • By Logistics Model
    • US Market All-Up
    • Canada Market All-Up
  • Europe Logistics Market (Option 2: As a part of the free 25% Customization)
    • By Mode of Transport
    • By End-User Industry
    • By Logistics Model
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Logistics Market (Option 3: As a part of the free 25% Customization)
    • By Mode of Transport
    • By End-User Industry
    • By Logistics Model
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Logistics Market (Option 4: As a part of the free 25% Customization)
    • By Mode of Transport
    • By End-User Industry
    • By Logistics Model
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Logistics Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • H. Robinson Worldwide, Inc.
  • Deutsche Post AG
  • DB Schenker
  • P. Moller – Maersk
  • Kuehne + Nagel
  • DSV
  • United Parcel Service of America, Inc.
  • GEODIS
  • Supply Chain Solutions