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. The logistics market has experienced significant growth due to the increasing demand for e-commerce fulfillment services. As online shopping continues to expand, logistics providers must adapt and offer advanced solutions, such as omnichannel fulfillment, which integrates online and offline sales channels. In the global logistics industry, the e-commerce sector's growth has been the primary market trend. E-commerce involves the buying and selling of goods and services online. This revolutionary retail model allows customers to shop at their convenience, resulting in the emergence of new logistics players, including online marketplaces, fulfillment centers, and last-mile delivery services.
Get more information on Logistics Market by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
232 |
|
Base year |
2024 |
|
Historic period |
2019-2023 |
|
Forecast period |
2025-2029 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.3% |
|
Market growth 2025-2029 |
USD 368.4 billion |
|
Market structure |
market_structure.ucfirst |
|
YoY growth 2024-2025(%) |
4.9 |
|
Key countries |
US, China, Japan, India, Canada, South Korea, Australia, Germany, UK, and France |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Logistics Market encompasses the movement and management of Food, Liquids, Inventory, and Flow of goods through Inbound and Outbound Logistics, Reverse Logistics, and Green Logistics. Leveraging advanced technologies like high-speed networks, blockchain, artificial intelligence, Internet of Things, augmented reality, Machine learning, robotics, and warehouse automation, this sector is digitizing the Supply Chain with solutions for B2B and B2C e-commerce, cross-border sales, overseas markets, trading activity, and free trade agreements. Pharmaceuticals, Fintech, and Chemicals are key industries driving growth.
The global air freight and logistics market encompasses the revenue generated by companies offering air freight transportation, courier services, and logistics solutions, including inventory management, inbound and outbound logistics, reverse logistics, green logistics, construction logistics, and digital logistics. According to Technavio, market size is determined by the revenues of these providers. Key growth drivers include the surge in cross-border e-commerce activities, which involve purchasing goods from foreign sources, leading to increased demand for efficient and reliable logistics services.. 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/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
