Logistics Market (By Transportation Type: Airways, Waterways, Railways, Roadways; By Logistics Type: First Party, Second Party, Third Party; By End User: Industrial and Manufacturing, Retail, Healthcare, Oil & Gas) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032

The global logistics market size was exhibited at USD 10.68 trillion in 2022 and is projected to hit around USD 18.35 trillion by 2032, growing at a CAGR of 5.49% during the forecast period 2023 to 2032.

Key Pointers:

• North America is projected to grow at a remarkable CAGR between 2023 and 2032.
• Europe logistics market hold the second-largest market share in 2022.
• The roadways transportation type segment held the maximum share in 2022.
• the waterway transportation type segment is the fastest-growing segment in 2022
• The Third-party logistics type segment dominated the market in 2022 and is predicted to grow at the largest rate between 2023 and 2032.
• By logistics type, the second-party was the fastest-growing segment in 2022.
• The industrial and manufacturing end user segment is projected to be the fastest-growing segment between 2022 and 2030.
• By end user, the healthcare was the fastest-growing segment in 2022.

Logistics Market Report Scope

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 of 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 requirement 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 others logistics services.

The factors, such as growing e-commerce industry coupled with rise in reverse logistics operations and rise 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 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. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA. 

E-commerce refers to the buying and selling of goods by using internet. Third-party logistics service providers encompass shipping of products to consumers. In addition, the e-commerce industry utilizes logistics service to manage and oversee the supply chain of e-commerce companies, which allow these companies to focus on marketing and other business operations. Thus, due to numerous benefits provided by logistics to the e-commerce industry, adoption of logistics service is rising at a significant rate, which is driving the growth of the logistics market. For instance, according to the latest report by the UN’s trade and development body (UNCTAD) released on April 2020, e-commerce sales hit $26.6 trillion globally in 2018, which was equivalent to 32% of the global gross domestic product (GDP). The value of global B2B e-commerce in 2018 was $21 trillion, representing 83% of all e-commerce, whereas B2C e-commerce was valued at $4.4 trillion. The growth is attributed to fast growth in consumers and cross-border purchases. According to a report, more than 1.9 billion people shopped online in 2018 while the U.S., China, and Japan dominate e-commerce sales to consumers.

Some of the prominent players in the Logistics Market include:

• United Parcel Service Inc. (UPS)
• MOLLER – MAERSK
• DSV (DSV Panalpina)
• Robinson Worldwide Inc.
• FEDEX
• Kuehne+Nagel
• GEODIS
• Nippon Express

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Logistics market.

By Transportation Type 

• Airways
• Waterways
• Railways
• Roadways

By Logistics Type 

• First Party
• Second Party
• Third Party

By End User 

• Industrial and Manufacturing
• Retail
• Healthcare
• Oil & Gas

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)