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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Canada Logistics Market Size
The Canada logistics market reached approximately USD 101.41 billion in 2023. The market is projected to grow at a CAGR of 5.26% between 2024 and 2032, reaching a value of around USD 160.8 billion by 2032.
Canada Logistics Market Outlook
- The Port of Vancouver is the largest port in Canada, and it operates across business sectors of automobile, cruise, container, breakbulk, and bulk.
- As per the industry report, two-thirds of the goods trade of Canada with the United States is carried out by trucks.
- The Trans-Canada Highway, which extends from the east to the west coast of Canada is the major route for road transportation.
Canada Logistics Market Growth
The growth of the e-commerce sector, the surge in trade-related agreements between Canada and the United States, and the prominence of last-mile delivery service are some of the crucial market drivers. With the rising demand for last-mile services, there is an increase in demand for distribution centres near end-customer locations for quick delivery service.
Several e-commerce companies are readily leveraging the services of a third-party logistics provider to focus more on their internal crucial tasks. Moreover, logistics providers in the country are relying on automation to combat labour shortages. This can maximise the efficiency of the workforce and enhance productivity by automating repetitive and tedious tasks such as picking up products and packaging.
The demand for less than truckload (LTL) has witnessed an upward trend as it allows the transport of multiple small orders from various companies in a single carrier, for the fast delivery of smaller shipments.
Canada Logistics Industry Segmentation
“Canada Logistics Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Model Type
- 1PL
- 2PL
- 3PL
- Others
Market Breakup by Transportation Mode
- Roadways
- Seaways
- Railways
- Airways
Market Breakup by End Use
- Manufacturing
- Food and Beverages
- Consumer Goods and Retail
- IT Hardware and Telecom
- Healthcare
- Chemicals
- Construction
- Automotive
- Oil and Gas
- Others
Market Breakup by Region
- British Columbia
- Alberta
- The Prairies
- Central Canada
- Atlantic Canada
Canada Logistics Market Share
Based on transportation mode, the market is divided into roadways, seaways, railways, and airways. The roadways account for a substantial market share due to the extension of road networks, growing usage of roadways for domestic transport of retail products, and the surge in goods trade between the United States and Canada which is mainly carried out by road.
Leading Companies in the Canada Logistics Market
The market players are implementing API-based solutions in their services for real-time processing.
- Deutsche Post AG
- Kuehne + Nagel International AG
- FedEx Corporation
- United Parcel Service of America, Inc.
- A.P. Moller - Maersk
- Expeditors International of Washington, Inc.
- DSV A/S
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Model Type |
|
| Breakup by Transportation Mode |
|
| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 101.41 billion.
The market is estimated to grow at a CAGR of 5.26% between 2024 and 2032.
The logistics market in Canada is estimated to witness a healthy growth during 2024-2032 to reach around USD 160.8 billion by 2032.
The market is being driven due to growth of the e-commerce sector, the surge in trade-related agreements between Canada and the United States, and the prominence of last-mile delivery service.
The key trends aiding the market include the rising popularity of third-party logistics providers, demand for less than truckload (LTL), and implementation of automation.
Regions considered in the market are British Columbia, Alberta, The Prairies, Central Canada, and Atlantic Canada.
Based on model type, market segmentations include 1PL, 2PL, and 3PL, among others.
Different transportation modes are roadways, seaways, railways, and airways.
The major players in the market are Deutsche Post AG, Kuehne + Nagel International AG, FedEx Corporation, United Parcel Service of America, Inc., A.P. Moller – Maersk, Expeditors International of Washington, Inc., and DSV A/S, among others.
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