In 2021, the Logistics Market projected growth by USD 9,941.38 billion. By the end of 2030, the global market is anticipated to expand to USD 15,806.75 Billion with a CAGR value of 6.8%.
The increasing necessity of logistic operation is the biggest driving parameter of growth in the logistics industry. In addition, the increasing establishment of ecommerce stores has also anticipated growth in the logistics industry. Certain factors like increasing development activities, research & launching new products bring significant opportunities to the market. A vast population of the globe is placing their order online because of the convenience that ultimately increases the market growth.
During the covid19 period, the pandemic has made multiple changes in the industry. The production rate & the manufacturing speed of the logistics market were reduced because of the shutdown. The demand for goods that are non-essential has fallen, negatively impacting the industry. At the same time, the demand for food and beverages increased; therefore, the market faced unexpected growth in the logistics industry.
The increasing adoption of IOT-based technology and the adoption of reverse logistics operations presents a lucrative opportunity. In addition, logistic 4.0 has also propelled market growth. The market has shown unexpected growth due to internet-based retailing and advancements in the retail sector. The growing digital marketing has brought multiple opportunities to the logistics market. Certain issues like lack of infrastructure and access to potential logistics & manufacturing processes are the major challenges that bring the market value. With the contributive steps of key market players and industry specialists, the market is still running confidently.
The global Logistics market is segmented into the 3 terms: type, logistic type and end-user industries. The type segment is further separated into the railways, waterways, airways, and roadways. Based on the logistic type, the market has been segmented into the first, second and third parties. The end user industry is segmented into manufacturing, telecommunication, healthcare, aerospace, government & public utilities, banking & financial services, retail, media & entertainment, technology, trade & transportation, and others.
To witness the overall growth in the logistic industries, the American and European countries are creating opportunities for overall growth. North America holds the largest market share in the industry with the utilization of the e-commerce sector across the country. After North America, the European countries are investing in research and development in the logistics industry. The availability of the potential infrastructure presents European countries with a lucrative opportunity for the overall growth of the logistics industry. Overall the increasing adoption of online marketing is fuelling the logistics market growth. Asia Pacific countries have third place in the logistics market ranking. India also ranks in this list by focusing on development projects in recent years.
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1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
In September 2022, The increasing Cross-Border E-Commerce Activities proliferated the E-Commerce Logistics Market.
In August 2021, The Midair Aviation IFSC PVT LTD introduced a tech-enabled courier platform for considering populated areas. As ModAir has pioneered the industry of tech-enabled air cargo, this change is considered the biggest achievement in the industry.