According to the latest report by IMARC Group, titled “Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global logistics market size reached US$ 5.2 Trillion in 2020. Looking forward, the market value is projected to reach US$ 6.9 Trillion by 2026, expanding at a CAGR of 4.60% during 2021-2026.
Logistics is the process of coordinating and planning services or resources from the point of origin to the point of consumption. This process provides effective and efficient transportation and storage of goods and services. Some of the primary components of logistics include inventory management, inbound and outbound transportation, material handling, warehousing, etc.
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Global Logistics Market Trends:
The growing number of trade agreements across various countries and the elevating levels of globalization are primarily driving the logistics market. Furthermore, the rising trend of internet retailing and online shopping is also propelling the market growth. Additionally, numerous initiatives by government bodies aimed for promoting international trade are further augmenting the demand for logistics to facilitate import and export activities. Besides this, continuous technological advancements, such as the integration of automated material handling equipment, biometrics, GPS tracking, etc., with logistics services are further catalyzing the product demand. Apart from this, the expanding e-commerce sector and the rising number of warehouses and storage facilities are also anticipated to drive the logistics market over the forecasted period.
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By IMARC group the report has also analyzed the competitive landscape of the market with some of the top logistics companies being
Key Market Segmentation:
Breakup by Model Type:
Breakup by Transportation Mode:
Breakup by End-use:
Breakup by Region:
Key highlights of the Report:
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Must Read the Blog: Top Logistics Companies 2021 by IMARC Group
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