According to the latest report by IMARC Group, titled “Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global logistics market size reached US$ 5.2 Trillion in 2020. Looking forward, the market value is projected to reach US$ 6.9 Trillion by 2026, expanding at a CAGR of 4.60% during 2021-2026.
Logistics is the process of coordinating and planning services or resources from the point of origin to the point of consumption. This process provides effective and efficient transportation and storage of goods and services. Some of the primary components of logistics include inventory management, inbound and outbound transportation, material handling, warehousing, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Logistics Market Trends:
The growing number of trade agreements across various countries and the elevating levels of globalization are primarily driving the logistics market. Furthermore, the rising trend of internet retailing and online shopping is also propelling the market growth. Additionally, numerous initiatives by government bodies aimed for promoting international trade are further augmenting the demand for logistics to facilitate import and export activities. Besides this, continuous technological advancements, such as the integration of automated material handling equipment, biometrics, GPS tracking, etc., with logistics services are further catalyzing the product demand. Apart from this, the expanding e-commerce sector and the rising number of warehouses and storage facilities are also anticipated to drive the logistics market over the forecasted period.
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By IMARC group the report has also analyzed the competitive landscape of the market with some of the top logistics companies being
- B. Hunt Transport, Inc.
- H. Robinson Worldwide, Inc.
- CEVA Logistics
- FedEx Corp.
- United Parcel Service, Inc.
- Expeditors International of Washington Inc.
- XPO Logistics Inc.
- Kenco Group Inc.
- Deutsche Post DHL Group
- Americold Logistics, LLC
- DSV Panalpina A/S
Key Market Segmentation:
Breakup by Model Type:
- 2 PL
- 3 PL
- 4 PL
Breakup by Transportation Mode:
Breakup by End-use:
- Consumer Goods
- Food And Beverages
- IT Hardware
- Oil & Gas
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Must Read the Blog: Top Logistics Companies 2021 by IMARC Group
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Other Market Reports by IMARC Group (2021-2026):
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