{"id":134842,"date":"2021-09-18T18:00:00","date_gmt":"2021-09-18T18:00:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2915288"},"modified":"2021-09-18T18:00:00","modified_gmt":"2021-09-18T18:00:00","slug":"logistics-market-to-reach-us-6-9-trillion-by-2026-industry-analysis-size-share-top-companies-and-research-report","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/09\/18\/logistics-market-to-reach-us-6-9-trillion-by-2026-industry-analysis-size-share-top-companies-and-research-report\/","title":{"rendered":"Logistics Market to Reach US$ 6.9 Trillion by 2026 | Industry Analysis, Size, Share, Top Companies, and Research Report"},"content":{"rendered":"

\"3485<\/p>\n

According to the latest report by IMARC Group, titled \u201cLogistics Market<\/a>: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,<\/strong>\u201d the global logistics market size reached US$ 5.2 Trillion in 2020.\u00a0Looking forward, the market value is projected to reach US$ 6.9 Trillion by 2026, expanding at a CAGR of 4.60% during 2021-2026.<\/p>\n

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.<\/p>\n


\nWe are regularly tracking the direct effect of COVID-19<\/u><\/em> on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.<\/strong><\/p>\n


\nRequest Free Sample Report:<\/strong> https:\/\/www.imarcgroup.com\/logistics-market\/requestsample<\/a><\/p>\n


\nGlobal Logistics Market Trends:<\/strong><\/p>\n

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.<\/p>\n


\nExplore Full Report with TOC & List of Figure: <\/strong>https:\/\/www.imarcgroup.com\/logistics-market<\/a><\/p>\n


\nCompetitive Landscape:<\/strong><\/p>\n

By IMARC group the report has also analyzed the competitive landscape of the market with some of the top logistics companies being<\/p>\n