Logistic Market Size, Share, By Transportation Type (Airways, Waterways, Railways, and Roadways), By Logistic Type (First Party, Second Party, and Third Party), By End-User (Industrial and Manufacturing, Retail, Healthcare, Oil and Gas, and Media and Entertainment), and By Region- Trends, Analysis and Forecast till 2034

Logistics market size was valued at USD 5.9 Billion in 2024 and is expected to reach USD 10.6 Billion by 2034 growing at a CAGR of 6.6%.

Logistics is the process of organizing, executing, and synchronizing the transfer of products, services, and data from their Logistic Type to their destination. It is essential in supply chain management, guaranteeing efficient and cost-effective delivery of products to satisfy customer needs.
The logistics process includes different functions such as transportation, storage, inventory control, order processing, and distribution. Transportation consists of choosing the most suitable method - whether it be road, rail, air, or sea - for the transportation of goods. Warehouse management involves storing items until they are required, managing costs and ensuring easy access. Effective management of inventory ensures optimal availability of goods at appropriate times, preventing both excess stock and shortages.

Efficient logistics involves incorporating technology, like TMS and WMS, to enhance routing, monitor deliveries, and oversee stock levels. Cooperation between suppliers, manufacturers, and distributors is essential to align operations and minimize inefficiencies. In the current global economy, logistics has become more intricate as companies must maneuver international regulations, diverse transportation infrastructures, and the increasing need for quicker delivery. E-commerce has worsened these difficulties, prompting logistics companies to come up with new ideas such as last-mile delivery options and automated warehouses.

In the end, efficient logistics guarantees that items are transported to the correct location, at the correct time, in the correct state, and at the correct price, playing a crucial role in customer happiness and company financial success.

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Key Drivers of Target Market:

Growing E-Commerce Sector:

•  The fast growth of online shopping has greatly raised the need for effective shipping and delivery services. Customers anticipate prompt and dependable shipping, which emphasizes the importance of strong transportation systems, specifically for final delivery.

Urbanization and Infrastructural Development:

• As cities grow larger, the demand for effective logistics to facilitate the movement of products also increases. Upgrading infrastructure like roadways, harbors, and air terminals also help enhance the efficiency of logistics activities

Restrains:

High Cost:

• Logistics operations incur substantial expenses associated with fuel, labor, and maintenance. Specifically, unpredictable fuel costs can put pressure on the profitability of transportation companies.

The market is segmented based on Transportation Type, Logistic Type, End-User, and Region.

Transportation Type Insights:

• Airways: Airways logistics specializes in quick shipping, particularly for valuable or urgent items. While it may be costly, it is crucial for global commerce and time-sensitive deliveries.
• Waterways: Waterborne logistics is perfect for shipping large quantities of products across extended distances, especially in global commerce. It is economical but less fast, commonly utilized for large quantities such as raw materials and consumer products.
• Railways: Railway logistics offers a cost-efficient and effective method for transporting large amounts of products on land, particularly for heavy and large items. It is a crucial method for transporting people and goods over long distances, especially between continents.
• Roadways: Road transportation is the most versatile and commonly utilized method of transportation, providing delivery from one doorstep to another. It is essential for travelling short and medium distances and is frequently combined with other methods in multimodal transportation.

Logistic Type Insights:

• First Party: Within our company, we oversee all aspects of our logistics operations, such as transportation and warehousing, without relying on third-party providers.
• Second Party: 2PL consists of contracting out certain logistics tasks, like transportation or storage, to a solitary external supplier who carries out these duties on behalf of the organization.
• Third Party: 3PL providers provide extensive logistics services by overseeing the complete supply chain of a business, which includes transportation, storage, and occasionally inventory control and order processing.

End-User Insights:

• Industrial and Manufacturing: This section depends on logistics to ensure raw materials are delivered on time and finished goods are distributed efficiently, which is crucial for meeting production deadlines and fulfilling customer needs.
• Retail: Retail logistics centers on effective inventory control, storage, and final delivery at the last mile to guarantee products are ready in both physical and online outlets for customers, motivated by the necessity for quick, dependable service.
• Healthcare: Healthcare logistics encompasses the shipping and safekeeping of medical products, drugs, and machinery, necessitating compliance with rules and prompt delivery for patient well-being.
• Oil and Gas: Logistics within the oil and gas industry involves managing the difficult shipment of dangerous materials, bulky machinery, and a significant amount of fuel, frequently in difficult and faraway areas.
• Media and Entertainment: This portion involves coordinating the transportation of physical media, equipment, and promotional materials, frequently within strict timeframes for events, launches, and broadcasts

Regional Insights

• North America: North America is one of the leading players in the logistics market worldwide, owing to the presence of a well-organized ecosystem for innovation and market development. The most important factors in the region are the well-developed trade industries, besides high levels of disposable income. Leading companies invest heavily in developing infrastructure for logistics with better functionality and broader End-Users, continuously pushing the boundaries of urbanization.
• Asia Pacific: The highest growth in the global specialty enzyme market is witnessed in Asia. Several reasons trigger this growth. The pharmaceutical and biotechnology industries in this region are the fastest growing. Second, there is a growth in healthcare spending within the Asia Pacific. Lastly, there is an enhanced demand for processed foods in the region. Other than the above factors, governments of various countries in the region have been enacting policies and initiating funding programs to support and increase R&D activities in biotechnology; this indirectly impacts the logistics market.
• Europe: The logistics market is well-matured and developed in Europe, with strong innovation and regulatory emphasis. Europe's leading companies had always excelled in making high-quality, logistics for all End-Users. In many instances, even approaching saturation from established End-Users. Growth will only be significant from new food End-Users and the environmental sector.
• Latin America: The Latin American logistics market is emerging and promises high growth. The company has witnessed reasonable growth from different Logistic Types for some time now. The moment the economies in the region start on a growing path, disposable income also goes up. This will increase the trade industry and many others, which heavily require logistics. On the other hand, there is excellent awareness about logistics in Latin America.
• Middle East and Africa: MEA is yet another developing market for logistics, with the expansion being quite stifled due to certain constraints. On the other hand, the capability to produce logistics is low in the MEA market. The region would heavily depend on imports from the rest of the world. Further, the regulatory frameworks for logistics may vary substantially between countries in the MEA region.

Logistics Market Report Scope:

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 and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Transportation Type, Logistic Type, End-User, and Region.

Segmentation:

By Transportation Type:

• Airways
• Waterways
• Railways
• Roadways

By Logistic Type:

• First Party
• Second Party
• Third Party

By End-User:

• Industrial and Manufacturing
• Retail
• Healthcare
• Oil and Gas
• Media and Entertainment

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the logistics market include C.H. Robinson Worldwide, Inc, Ceva Holdings LLC, FedEx Corp, XPO Logistics Inc, Expeditors International of Washington, Inc, DHL International GmbH, DSV A/S, AP Moller - Maersk A/S, Forager Logistics, and Redwood Logistics.

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• C.H. Robinson Worldwide, Inc *
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Ceva Holdings LLC
• FedEx Corp
• XPO Logistics Inc
• Expeditors International of Washington, Inc
• DHL International GmbH
• DSV A/S
• AP Moller - Maersk A/S
• Forager Logistics
• Redwood Logistics

“*” marked represents similar segmentation in other categories in the respective section.