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Report Overview
The global logistics market value reached around USD 10.59 Trillion in 2023. The industry is expected to grow at a CAGR of 6.30% during the forecast period of 2024-2032 to attain a value of USD 18.35 Trillion by 2032. 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
- In 2021, worldwide air freight logistics traffic reached 65.6 million metric tons, increasing to 68.4 million metric tons in 2022. This growth underscores the rising demand for air cargo services, particularly for time-sensitive goods. Leading air freight carriers such as FedEx, UPS, and Qatar Airways continue to dominate the market, leveraging their extensive networks and advanced logistics solutions to meet global shipping needs. The increase in air freight volume reflects a broader trend towards e-commerce and international trade, where rapid delivery is crucial.
- In India, road logistics accounted for approximately USD 220 billion in 2021, with a significant focus on intercity transportation, which held an 86% of logistics market share. This highlights the critical role of road transport in India's logistics landscape, as it facilitates the movement of goods across vast distances and connects urban centers. The Indian government has been investing in infrastructure improvements and initiatives like the Bharatmala Pariyojana, aimed at enhancing road connectivity and efficiency in logistics operations.
- In the European Union, international transport constituted 25.4% of total road freight transport in 2022, reflecting a 1.0% increase from the previous year. This growth indicates a strengthening of cross-border trade within Europe. In 2022, the average load for total transport in the EU was recorded at 14.4 tons, with national transport averaging 13.6 tons and international transport averaging 15.9 tons. These statistics highlight the efficiency of freight operations across different transport types within the EU.
Logistics Market Trends
Other key factors aiding the global market for logistics include the demand for enhanced infrastructure to support economic growth, the development of infrastructure leading to increased efficiency in transport, and the creation of commercial and entrepreneurship opportunities.
Additionally, investments in roads, railways, aviation, shipping, and inland waterways play a crucial role in boosting the demand of logistics market. Initiatives such as the establishment of the Infrastructure Finance Secretariat to encourage private investment in infrastructure, the opening of national highway projects, and collaborations between governments for infrastructure development further contribute to the growth of the market on a global scale.
New developments in Internet of Things (IoT) technology have improved the energy efficiency of warehousing even more. Advanced monitoring systems, AI-driven automation, and smart sensors maximize energy efficiency and cut waste. Amazon recently declared its goal to switch to 100% renewable energy by 2025 for all its fulfillment sites. The corporation stated that they had reached an 85% renewable energy utilization across all its global operations as of 2023.
In 2018, IBM and Maersk have collaborated to develop TradeLens, a blockchain platform that provides end-to-end visibility into the shipping process. The platform tracks over 10 million shipping events per week and provides real-time data on container locations, shipment statuses, and customs clearances. In 2023, TradeLens was adopted by over 150 companies in the logistics industry, reducing the time it takes to process documents by 40% and improving supply chain transparency.
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 2023, the market reached an approximate value of USD 10.59 Trillion.
The market is assessed to grow at a CAGR of 6.30% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 18.35 Trillion by 2032.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124