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Report Overview
The global logistics market value reached around USD 11.26 Trillion in 2024. The industry is expected to grow at a CAGR of 6.30% during the forecast period of 2025-2034 to attain a value of USD 20.74 Trillion by 2034. Key drivers of this growth include the e-commerce boom, exemplified by Amazon's extensive logistics network; technological advancements like AI-driven supply chain management; globalisation, as seen with Alibaba's international trade facilitation; sustainability initiatives adopted by companies like DHL; and infrastructure development supported by government investments in transport networks.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Logistics Market Report Snapshots
*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 2024, the market reached an approximate value of USD 11.26 Trillion.
The market is assessed to grow at a CAGR of 6.30% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 20.74 Trillion by 2034.
The growing retail sector, particularly e-commerce, rising disposable incomes, rapid urbanisation, and growing technological advancements are factors expected to aid the market growth.
Key trends aiding market expansion include the increased deployment of automated material handling equipment, growing preference for green logistics solutions, and the rising popularity of drone delivery within the industry.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
2 PL is the leading model type in the industry.
The transportation mode segment is led by roadways.
The various end users are manufacturing, consumer goods and retail, food and beverages, IT hardware and telecom, healthcare, chemicals, construction, automotive, oil and gas, among others.
Key players in the market are CMA CGM Group (CEVA Logistics AG), Deutsche Post AG, Kuehne + Nagel International AG, FedEx Corporation, Schenker AG, C.H. Robinson Worldwide Inc., Nippon Express Co., Ltd., Kintetsu World Express Inc., TSI Group Inc., XPO, Inc., United Parcel Service, Inc., A.P. Møller – Mærsk A/S, Expeditors International of Washington Inc., GXO Logistics, Inc., Evri and DSV A/S, among others.
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