The advancements in technology coupled with growing awareness regarding the benefits offered by supply chain management solutions among shippers bode well for the market growth. In addition, proliferation of e-commerce and consequent need for multi-channel distribution is aiding the logistics market worldwide. These factors are expected to contribute towards 6.5% CAGR during the forecast period 2023 – 2030. On the contrary, the limited workforce of truck drivers remains a major concern for roadway transportation and logistics service providers and their shippers. 

Report Scope

This report analyzes the global logistics market in terms of mode of transportation, logistics model, and geography. Based on mode of transportation, the global logistics market is segregated into roadway logistics, waterway logistics, railway logistics, and airway logistics. Similarly, on the basis of logistics model, the global logistics market is segregated into 1PL (Party Logistics), 2PL (Party Logistics), 3PL (Party Logistics), and other (4 PL etc). The geographical distribution of the global logistics market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. 

1.1    Report Description

Purpose of the Report

The purpose of this strategic research study titled “Global Logistics Market - Growth, Share, Opportunities, and Competitive Analysis, 2023 – 2030” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global logistics market. 

1.1.1   Target Audience

• Industry Investors
• Supply Chain Management Solution Providers
• Shippers and Logistic Service Providers 

1.1.2   USP and Key Offerings

The report titled “Global Logistics Market - Growth, Share, Opportunities, and Competitive Analysis, 2023 – 2030” offers strategic insights into the global logistics market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on mode of transportation, logistics model, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the key industry participants, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments. Other in-depth analysis provided in the report includes: 

An overview of the global logistics industry

• Current and future market trends to justify the forthcoming attractive sub-markets within the global logistics market
• Qualitative assessment tools such as market drivers, challenges and future prospects, value chain, and attractive investment proposition.
• Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics.
• A general overview of the industry structure
• Company profiles highlighting key information about the major players operating in the global logistics market
• Market competition scrutiny tools such as market share analysis, fractal map, etc.
• SRC (Segment-Region-Country) Analysis 

The prevailing trend towards omni-channel distribution, especially in e-commerce, has had positive impact on the growth of the overall logistics market. Roadway logistics covering logistics by trailer, truck-trailer, flatbed truck, refrigerated truck, and lorry tank among others represented the largest segment in the global logistics market in 2019. The segment accounted for over 40% of the overall logistics market revenue in the same year (2019). The trend shall prolong and the segment is presumed to hold on to its leading position by 2029. Investments made by the government’s, especially in emerging economies for the development of road infrastructure and ensure connectivity between rural and urban areas has been instrumental in driving roadway transportation. In addition, benefits offered in terms accessibility, reliability, flexibility of operations, and service makes roadway a preferred mode of transport across the globe. In terms of volume, waterway logistics led the overall logistics market worldwide and is expected to remain the dominant segment by 2030.

In 2020, Asia Pacific represented the largest logistics market worldwide followed by North America and Europe respectively. The region accounted for over 40% of the global market revenue in the same year. China represents the largest individual logistics market in the region and worldwide. The proliferation of the e-commerce sector has a positive impact on the growth of the logistics market in Asia Pacific as all e-commerce companies are striving to develop robust supply chain management, in terms of logistics and warehouse services. With the growing trend towards near-shoring and reshoring, the manufacturers are now relocating their manufacturing facilities back to the U.S. This has resulted in an increase in volumes of freight and need for efficient supply chain management. Thus, North America is presumed to witness strong growth during the forecast period 2023 – 2030.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Logistics market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Logistics market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Logistics market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Logistics market?
• Which is the largest regional market for Logistics market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Logistics market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Logistics market worldwide?