Logistics is defined as the process to control, execute, and plan the movement of material, capital, and service. These services consist of activities such as material handling, packaging, transportation, inventory, security, and warehousing, which can be scaled according to customer needs and market conditions. Logistics service providers are responsible for the delivery of materials or goods from manufacturers to consumers. The logistics industry comprises Third-Party Logistics (3PL), Fourth-Party Logistics (4PL), inbound logistics, outbound logistics, reverse logistics, green logistics, military logistics, and other logistics services. This process provides efficient and effective transportation & storage of goods and services. At present, logistics services are widely being used in various applications, Including warehousing, procurement, supply chain, material handling, inbound & outbound transportation, packaging, and inventory.
The factors, such as growing the e-commerce industry, rise in reverse logistics operations, and Increase in trade related agreements, fuel the market growth. In addition, rise of tech-driven logistics services and growing adoption of IoT-enabled connected devices are also expected to drive the market growth. However, lack of control of manufacturers on logistics service, poor infrastructure, and higher logistics costs hinder the market growth. Further, emergence of last mile deliveries, logistics automation, and cost cutting & lead time reduction due to adoption of multi-modal system are some of the factors that are anticipated to foster the market growth.
The market is segmented on the basis of mode of transport, end use, and region. On the basis of mode of transport, the market is bifurcated into railways, airways, roadways, and waterways. On the basis of end use, it is categorized into healthcare, manufacturing, aerospace, telecommunication, government & public utilities, banking & financial services, retail, media & entertainment, technology, trade & transportation, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
A.P. Moller-Maersk, C.H. Robinson Worldwide, Inc., DB Schenker, Deutsche Post AG (DHL Group), DSV, FedEx, Geodis, Kuehne+Nagel, Nippon Express, and United Parcel Service, Inc. are some of the leading key players operating in the logistics market.
COVID-19 SCENARIO ANALYSIS
The factors, such as growing the e-commerce industry, rise in reverse logistics operations, and Increase in trade related agreements, fuel the market growth. In addition, rise of tech-driven logistics services and growing adoption of IoT-enabled connected devices are also expected to drive the market growth. However, lack of control of manufacturers on logistics service, poor infrastructure, and higher logistics costs hinder the market growth. Further, emergence of last mile deliveries, logistics automation, and cost cutting & lead time reduction due to adoption of multi-modal system are some of the factors that are anticipated to foster the market growth.
The market is segmented on the basis of mode of transport, end use, and region. On the basis of mode of transport, the market is bifurcated into railways, airways, roadways, and waterways. On the basis of end use, it is categorized into healthcare, manufacturing, aerospace, telecommunication, government & public utilities, banking & financial services, retail, media & entertainment, technology, trade & transportation, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
A.P. Moller-Maersk, C.H. Robinson Worldwide, Inc., DB Schenker, Deutsche Post AG (DHL Group), DSV, FedEx, Geodis, Kuehne+Nagel, Nippon Express, and United Parcel Service, Inc. are some of the leading key players operating in the logistics market.
COVID-19 SCENARIO ANALYSIS
- Travel restrictions, nightly curfews, border closures, and flight cancellations imposed by countries in the region led to decline in logistics activities and also revenues of logistics & transportation service providers.
- Lockdown restrictions due to COVID-19 are expected to fuel the online delivery and e-commerce industry.
- COVID-19 is anticipated to negatively affect non-essential goods retail and ground cargo demand across the world.
- The COVID-19 crisis may affect commodity chains in the short & long term and decline the foreign investment.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the logistics market analysis from 2022 to 2032 to identify the prevailing logistics market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the logistics market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global logistics market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By End Use
- Healthcare
- Manufacturing
- Aerospace
- Telecommunication
- Government and Public Utilities
- Banking and Financial Services
- Retail
- Media and Entertainment
- Technology
- Trade and Transportation
- Others
By Mode of Transport
- Railways
- Airways
- Roadways
- Waterways
By Model
- 1PL
- 2PL
- 3PL
- 4PL
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- A.P. Moller - Maersk
- C.H. Robinson Worldwide Inc.
- DB Schenker
- Deutsche Post AG
- DSV
- FedEx Corporation
- GEODIS
- Kuehne+Nagel Inc.
- Nippon Express Co., Ltd.
- United Parcel Service of America, Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: LOGISTICS MARKET, BY MODE OF TRANSPORT
CHAPTER 5: LOGISTICS MARKET, BY END USE
CHAPTER 6: LOGISTICS MARKET, BY MODEL
CHAPTER 7: LOGISTICS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The logistics market is expected to experience a significant growth rate of 5.6% from 2023 to 2032 owing increase in penetration of Internet of things (IoT) in the logistics sector.Logistics is widely known as the process of coordinating and moving resources, such as equipment, food, liquids, inventory, materials, and people, from one location to the storage at the desired destination. It is the management of the flow of goods from one point of origin to the point of consumption, to meet the requirements of customers. Logistics management focuses on the efficiency and effective management of daily activities concerning the production of the company’s finished goods and services.
This type of management forms a part of the supply chain management; and plans, implements, & controls the efficient, effective forward, reverse flow, and storage of goods. Logistics mainly comprises various services such as Third-Party Logistics (3PL), Fourth-Party Logistics (4PL), inbound logistics, outbound logistics, reverse logistics, green logistics, construction logistics, digital logistics, military logistics, and other logistics services.
Furthermore, Increase in penetration of Internet of things (IoT) in the logistics sector enables freight companies and consumers to direct access to the company network via the internet. The logistics infrastructure is constantly upgraded to meet the need. Surge in use of artificial intelligence (AI), machine learning, radio-frequency identification (RFID), and Bluetooth coupled with other newly introduced technologies, such as drone delivery and driverless vehicles, is being witnessed in logistics services. These growing technological advancements act as the catalyst to the growth of the logistics market size. In addition, some of the logistics companies across the globe have increased their spending and are using technologically advanced systems for logistics enhancement, which are further expected to propel the growth of the logistics market. For instance, SimpliRoute, an urban logistics solution, raised the $3 million funding to improve its AI-powered logistics platform. The new funding is expected to help the startup to grow its logistics intelligence platform and expand to other countries besides Mexico, Chile, Peru, and Uruguay. In addition, AT&T provides Internet of Things (IoT) solutions for Honeywell’s transport and logistics offerings internationally in countries across Europe, North America, Latin America, Asia, Africa, and Australia.
However, logistics demands good infrastructure, supply chain, and trade facilitation. Without these, firms must build up more stock reserves and working capital, which can strongly affect national and regional competitiveness due to high financial costs. In addition, lack of infrastructure hinders the logistics market as it increases costs and reduces supply chain reliability.
The key factors driving the growth of the logistics market include growth in the e-commerce industry coupled with a rise in reverse logistics operations and surge in trade-related agreements fuel the market growth. In addition, the rise of tech-driven logistics services and an upsurge in adoption of IoT-enabled connected devices are expected to drive the market growth. However, lack of control of manufacturers on logistics service, poor infrastructure, and higher logistics costs hinder the market growth. Furthermore, the emergence of last mile deliveries, logistics automation, and cost cutting & lead time reduction due to adoption of multi-modal system are some of the factors that are anticipated to foster market growth.
The logistics market is segmented on the basis of mode of transport, end use, model, and region. On the basis of mode of transport, the market is divided into railways, airways, roadways, and waterways. On the basis of end use, it is categorized into healthcare, manufacturing, aerospace, telecommunication, government & public utilities, banking & financial services, retail, media & entertainment, technology, trade & transportation, and others. On the basis of the model, it is classified into 1 PL, 2PL, 3 PL, and 4 PL. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the logistics market are A.P. Moller-Maersk, C.H. Robinson Worldwide, Inc., DB Schenker, Deutsche Post AG (DHL Group), DSV, FedEx, Geodis, Kuehne+Nagel, Nippon Express, and United Parcel Service, Inc. These key logistics players are using various strategies such as partnership, collaboration and others for adoption of technologically advanced systems for logistics enhancement, which are further expected to propel the growth of the logistics market. For instance, in March 2023, DB Schenker started one of the largest automated e-commerce facilities servicing its retail customers in Spain, Portugal and France. It started with 150 employees in newly created jobs, more than 200 robots, and an optimized packaging system and operations in the 50,000 sq.m state-of-the-art warehouse in Guadalajara.
Key Market Insights
- By mode of transport, the roadways segment was the highest revenue contributor to the market, and is estimated to reach $6,400.9 billion by 2032.
- By end-user, the manufacturing segment dominated the global market, and is estimated to reach $4,828.1 billion by 2032.
- By model, the 3PL segment was the highest revenue contributor to the market, with $5,674.1 billion in 2032,
- By region, Asia-Pacific was the highest revenue contributor, accounting for $7,073.9 billion in 2032.
Companies Mentioned
- A.P. Moller - Maersk
- C.H. Robinson Worldwide Inc.
- DB Schenker
- Deutsche Post AG
- DSV
- FedEx Corporation
- GEODIS
- Kuehne+Nagel Inc.
- Nippon Express Co., Ltd.
- United Parcel Service of America, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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