Latest News- Logistics Market: Consumer goods is expected to lead the End-user segment during 2025-2029

The Logistics Market is being driven by Growth of e-commerce industry

The Logistics Market is expected to grow at a CAGR of 5.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 368.4 billion. In the dynamic logistics market, e-commerce fulfillment has emerged as a key growth driver, fueled by the unrelenting expansion of online purchasing. To cater to evolving client needs, logistics providers have responded by offering advanced solutions, such as omnichannel fulfillment, which harmoniously integrates online and brick-and-mortar sales channels. The global logistics industry has witnessed significant transformation as a result of the e-commerce sector's ascendancy. E-commerce, which encompasses the buying and selling of goods and services over the Internet, has revolutionized retail by enabling consumers to shop at their convenience. The e-commerce sector's explosive growth has given rise to new logistics participants, including online marketplaces, fulfillment centers, and last-mile delivery services. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Consumer goods
  • Automotive
  • Food and beverage
  • Healthcare
  • Others
• Mode Of Transportation
  • Roadways
  • Waterways
  • Railways
  • Airways
• Type
  • Forward logistics
  • Reverse logistics
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth of e-commerce industry
• Technological advancements in logistics market
• Rising industrialization in emerging economies

However, the market also witnesses some limitations, which are as follows:

• Supply chain disruptions in logistics market
• Shortage of skilled labor
• Regulatory compliance in global logistics market

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Market Scope in Logistics Market Research Report

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Research Analysis Overview

In the realm of Logistics, a robust and interconnected network referred to as the Logistics Network plays a pivotal role. This encompasses the Supply Chain Network, which utilizes Multimodal Transportation for seamless movement of goods. Integrated Logistics and Collaborative Logistics foster efficiency, while Global Logistics caters to international trade. Domestic and Regional Logistics handle local distribution. Freight Brokerage facilitates shipping, and Containers, Pallet Handling, and Warehousing Automation ensure efficient handling and storage. Logistics Services include Shipping Documentation, Customs Clearance, Freight Insurance, Cargo Security, and Risk Management for business continuity. Logistics Technology offers Supply Chain Visibility through Analytics, Software, Consulting, and Outsourcing. E-commerce Fulfillment, Omni-channel Logistics, Click & Collect, Same-day Delivery, Next-day Delivery, Delivery Windows, Delivery Scheduling, Delivery Appointments, Customer Portal, Order Tracking, Delivery Notifications, Delivery Proof, and Last Mile Solutions complete the Logistics landscape.

Market Research Overview

The global air freight and logistics market encompasses the revenue generated by companies offering air freight transportation, courier services, and third-party logistics (3PL), including inventory management, order management, and last-mile delivery. According to Technavio, the market size is determined by the earnings of air freight and logistics service providers. Key drivers for market expansion include the surge in cross-border e-commerce activities, which involve purchasing goods from foreign vendors, necessitating efficient logistics solutions for seamless delivery.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/