The new report by Expert Market Research titled, ‘Global Logistics Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global logistics market, assessing the market based on its segments like model type, transportation mode, end-use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 4967 Billion
- Forecast CAGR (2021-2026): 5%
- Forecast Market Size (2026): USD 6656.3 Billion
Factors such as the rising e-commerce sector and an increase in reverse logistics operations and trade agreements are driving the market expansion. The industry is being propelled forward by the increasing acceptance of IoT-enabled connected devices and the advent of tech-driven logistics services. Logistics services are used by the e-commerce industry to handle and control e-commerce enterprises' supply chains, allowing them to focus on marketing and other company activities. As a result of the multiple benefits that logistics provides to the e-commerce industry, adoption of logistics services is increasing at a rapid pace, fuelling the expansion of the logistics market.
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Industry Definition and Major Segments
Logistics refer to the meticulous planning and execution of a complex operation. In a broad sense, logistics is the management of the flow of products between the point of production and the point of consumption to meet the needs of consumers or companies.
The market is divided on the basis of model type into:
- 2 PL
- 3 PL
- 4 PL
On the basis of transportation mode, the industry is segmented into:
- Roadways
- Seaways
- Railways
- Airways
On the basis of end-use, the industry is divided into:
- Manufacturing
- Consumer Goods
- Retail
- Food and Beverages
- IT Hardware
- Healthcare
- Chemicals
- Construction
- Automotive
- Telecom
- Oil and Gas
- Others
Regionally, the market can be classified into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The use of logistics services is expanding at a rapid rate, propelling the logistics market forward, due to the multiple benefits provided by logistics to the e-commerce industry. The main drivers of growth are rapid consumer growth and cross-border transactions. In order to keep up with the escalating needs of importers and exporters, measures aimed at increasing global trade activities have increased the demand for logistics. Other factors driving market expansion include an increase in internet retailing and the growing popularity of online shopping.
Key Market Players
The major players in the market are J.B. Hunt Transport Inc., C.H. Robinson Worldwide Inc., CEVA Logistics, FedEx, XPO Logistics Inc., KENCO, and Deutsche Post AG, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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