Logistics Market is projected to grow at a CAGR of 7.2% during forecast 2023

Logistics Market Overview

in its recently published research report, Market Research Future (MRFR), asserts that the global  market is flourishing and expected to grow exponentially over the review period, recording a substantial market valuation and a healthy CAGR of 7.2% in the forecast period.

As consumer requirements have increased rapidly due to rising demand for local as well as global goods, the market is also experiencing rapid expansion.

Competitive Analysis

Ceva Holdings LLC (U.K.)

XPO Logistics Inc. (U.S.)

C.H. Robinson Worldwide, Inc. (U.S.)

FedEx Corp. (U.S.)

Expeditors International of Washington, Inc. (U.S.)

GEODIS (France)

DHL International GmbH (Germany)

DSV Global Transports and Logistics (Denmark)

A.P. Moller – Maersk (Denmark)

DTDC Express Limited (India)

Schenker AG (Germany), and other.

Segmental Analysis

For the scope of this study, the global Logistics Market has been analyzed by three segments: logistic type, transportation type, and end-user vertical. On the basis of the transportation type, the Logistics Market is segmented into airways, waterways, railways, and roadways. On the basis of logistic type, the Logistics Market has been segmented into the first party, the second party, and the third party. The second-party logistics segment held the largest market share. By End-user, the market has been bifurcated into industrial and manufacturing, healthcare, retail, oil & gas, and others. The Manufacturing segment held the most signficant market share. Factors including the policy reforms that have enhanced the ease of doing enterprises along with the easy availability of inexpensive labor contribute to the growth of the logistics market. Moreover, globalization, along with population growth and consumption behavior, has seen an increasing demand for products from all corners of the world. The rise of the e-commerce trade has added to the transport boom, and over the last decade, considerable growth has been observed across the industry’s value chain as a whole. In terms of growth of the broader industry, logistics infrastructure will observe almost over the board real growth in the years over the assessment period.

Regional Analysis

The geographic analysis of the global market has been conducted in four major regions, covering the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East, and Africa).

 The Asia Pacific region was accountable for the largest share of the global market in 2016, followed by the North American and European regions. The Asia Pacific region is projected to enhance at a gradually rising CAGR over the forecast period. Increased adoption rates of outsourced logistics services in the region are motivating the development of the market. 

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