Latest News:- Logistics Market: Consumer goods is expected to lead the End-user segment during 2024-2028

Logistics Market to grow at a CAGR of 5.1% during 2024-2028

The Logistics Market is expected to grow at a CAGR of 5.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 336.5 billion. The e-commerce sector's continued expansion has significantly impacted the logistics industry, driving a surge in demand for advanced fulfillment solutions. Logistics providers must adapt to meet evolving customer expectations, offering omnichannel services that integrate online and offline sales channels seamlessly. In the global logistics market, the e-commerce sector's growth is the primary trend, characterized by the online exchange of goods and services. This shift has revolutionized retail, enabling consumers to shop around the clock, leading to the emergence of new players, such as online marketplaces, fulfillment centers, and last-mile delivery services. 

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The Consumer goods subsegment is expected to dominate the End-user segment during the forecast period 

Technavio analysts predict that the Consumer goods subsegment will lead the End-user segment during 2024 and 2028 In the dynamic consumer goods market, products are categorized as fast-moving consumer goods (FMCGs) and slow-moving consumer goods (SMCGs) based on their consumption patterns and shelf life. FMCGs, such as household and cleaning products, personal care items, tobacco, apparel, pet food, and others, have a shorter shelf life and are purchased frequently due to recurring expenditures. With increasing competition in this sector, industry players are investing substantially in research and development to introduce innovative products and maintain a competitive edge. Meanwhile, SMCGs, including home improvement items, furniture, and household appliances, have a longer shelf life and are purchased less frequently. The market for consumer goods is witnessing significant growth, making it an attractive investment destination for businesses.

Here are the various ways based on which the market is segmented: 

• End-user
  • Consumer goods
  • Automotive
  • Food and beverage
  • Healthcare
  • Others
• Mode Of Transportation
  • Roadways
  • Waterways
  • Railways
  • Airways
• Geography
  • APAC
  • North America
  • Europe
  • Middle East and Africa
  • South America

Reasons to Purchase the Global Logistics Market Market Research Report by Technavio. What is in it for you?

• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
• Insight into Current Market Trends: Our research reports provide our readers insights into the latest market intelligence, competitor strategies, market trends, changes taking place in the industry and customer preferences, forecasted market opportunities that influence them to make better business decisions
• High ROI with Extensive Hands-on Research: Technavio is renowned for offering personalized market research reports as per unique business needs, delving deep into specific markets, product segments and demographics. Additionally, it is also well-known for providing high return on investments through its wide collection of data at pocket-friendly rates

There are several factors that are causing the market to flourish growth of e-commerce industry

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The logistics market is experiencing a significant transformation, driven by the convergence of various trends and technologies. The chemicals and pharmaceuticals industries, in particular, are seeing increased trading activity in the overseas market, with fintech solutions facilitating cross-border sales through B2B and B2C e-commerce platforms. The Internet is revolutionizing the logistics industry, with warehouse automation, robotics, machine learning, digitization, and augmented reality becoming the new norm. The supply chain is being reimagined with the Internet of Things, artificial intelligence, and blockchain technology, enabling real-time tracking and monitoring of inventory, liquids, food, and other goods. Green logistics solutions are gaining popularity, with high-speed networks and reverse logistics becoming essential components of sustainable supply chains. The flow of goods is becoming smarter and more efficient, with outbound and inbound logistics optimized through advanced technologies. Overall, the logistics market is on the cusp of a digital revolution, with innovations in logistics technology set to transform the way we move goods and materials across the globe.

Market Research Overview

The global air freight and logistics market encompasses the revenue generated by companies offering air freight transportation, courier services, and logistics solutions, which involve package and mail delivery, customs agents, and real-time tracking of goods in transit up to the point of delivery. According to Technavio's market analysis, the market size is determined by the earnings of air freight and logistics service providers. Key growth drivers for this market include the surge in cross-border e-commerce activities, where consumers purchase goods from foreign sources, leading to an increased demand for efficient and reliable air freight and logistics services.

The Logistics Market is experiencing significant growth, fueled by the growth of e-commerce industry. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

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