Global Logistics Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Logistics Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Logistics management is that part of supply chain management and supply chain engineering that plans, implements and controls the efficient and effective forward and reverse flow and storage of goods, services and related information between points of origin and consumption to satisfy customers requirements. The services provided by logistics companies include Forwarding, Transportation, Warehousing, Value-Added Services, Lead Logistics Provider Services (4PL).

Market Overview:

The latest research study on the global Logistics market finds that the global Logistics market reached a value of USD 8812438.7 million in 2022. It’s expected that the market will achieve USD 12852851.44 million by 2028, exhibiting a CAGR of 6.49% during the forecast period.

Drivers Analysis

The development of e-commerce In e-commerce activities, to make virtual online electronic money to buy real items, of course, logistics is inseparable, and the emergence of e-commerce has greatly accelerated the pace of development of the logistics industry. The emergence of e-commerce has triggered the innovation of transaction methods, especially the change of circulation mode. In the development of e-commerce, logistics plays a key role. Without an effective, reasonable and smooth logistics system, it will be difficult to play the advantages of e-commerce, and it will be difficult to effectively develop e-commerce. E-commerce has a great impact on the development of the logistics industry. Through the Internet, logistics companies can be actively found by cargo owners and customers in a wider range, and can expand their business in a wider range. Trading companies and factories can find the most cost-effective logistics company more quickly. Online logistics is committed to attracting the world's largest number of cargo owners with logistics needs and logistics companies that provide logistics services, providing a neutral, honest, and free online logistics trading market to help logistics suppliers and buyers efficiently reach transactions. In general, the development of e-commerce has promoted the development of the logistics industry.

Challenges and difficulties

Infrastructure construction in some areas is relatively lagging behind
From the perspective of the global market, the logistics infrastructure in some areas is relatively lagging, and the proportion of modern facilities is low, which cannot meet the requirements of modern logistics development. The facilities of modern warehousing and intermodal transportation are insufficient, and the efficient, smooth and convenient comprehensive transportation network is not perfect yet. A logistics park system with reasonable layout and complete functions has not yet been established. The logistics infrastructure is not matched and it is difficult to effectively connect. An efficient, convenient and rationally distributed comprehensive transportation system has not yet been formed, and the construction of comprehensive transportation hubs is lagging behind, making it difficult to achieve a reasonable division of labor and effective connection. At the same time, the logistics system and comprehensiveness are not strong, the transportation structure is unreasonable, and the degree of network and organization is low. The supporting infrastructure is weak, and the terminal network is weak. The relatively lagging infrastructure construction in some areas is one of the challenges and difficulties facing the development of the logistics market.

Region Overview:

In 2021, the share of the Logistics market in APAC stood at 45.48%.

Company Overview:

UPS does business in more than 220 countries and territories. United Parcel Service, Inc. is a leader in transportation and logistics, providing innovative solutions to customers large and small. UPS understands and values its responsibility to help build safer, stronger and more resilient communities, supported by a healthy, sustainable global environment. During the outbreak, UPS continued to deliver worldwide. In the United States, UPS has been designated as one of the government's critical infrastructures, and as such, its operations continue as usual. The company will also continue to ship to locations around the world where permitted. As always, the company's top priority is to help ensure the health and safety of our employees, customers and suppliers, while delivering on our commitment to service.

FedEx Corp is an international express delivery group, providing overnight express delivery, ground express delivery, heavy cargo delivery, document copying and logistics services. Headquartered in Tennessee, USA, it is currently one of the largest express delivery companies in the world. Since the outbreak of the new crown epidemic, the company has continued to do its job well to serve customers and keep the world closely connected. While keeping safety first, the company leveraged its network and resources to quickly help communities around the world.

UPS is one of the major players operating in the Logistics market, holding a share of 1.18% in 2021.

Segmentation Overview:

Forwarding
Forwarding refers to the business of entrusted by customers to provide them with transportation procedures; pick up, ship and transport goods on behalf of them.
Transportation
This type refers to logistics companies that help customers transport goods from one place to another.
Warehousing
This type refers to the services that logistics companies provide customers with cargo storage or storage management.
Value-Added Services
Many logistics service companies are not limited to transporting goods, but provide customers with services such as sorting, packaging and quality control
Lead Logistics Provider Services (4PL)
Refers to industry companies that not only provide end-to-end logistics solutions, but also manage all parts of the enterprise's supply chain, including procurement, transportation, inventory management, delivery to customers, and more.
As for product types, the Transportation segment held the largest market share in 2021.

Application Overview:

According to different downstream customer industries, it is divided into Healthcare, Manufacturing, Aerospace, Consumer Goods, Government & Public Utilities, Banking & Financial Services, Retail, Food, Beverage & Alcohol, etc.

By application, the Manufacturing segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Logistics market covered in Chapter 3:

Maersk
XPO
SNCF Logistics
FedEx Corp
Expeditors International
CMA CGM Group
Sinotrans
SF International
United Parcel Service
DSV
Nippon Express
DB Schenker Logistics
Deutsche Post DHL Group
Kuehne+Nagel

In Chapter 4 and Chapter 14.2, on the basis of types, the Logistics market from 2018 to 2029 is primarily split into:

Forwarding
Transportation
Warehousing
Value-Added Services
Lead Logistics Provider Services (4PL)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Logistics market from 2018 to 2029 covers:

Healthcare
Manufacturing
Aerospace
Consumer Goods
Government & Public Utilities
Banking & Financial Services
Retail
Food
Beverage & Alcohol

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)