According to the latest report by IMARC Group, titled “Logistics Market Share: Global Industry Trends, 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 an overall process of organizing, planning, and implementing the efficient transportation of acquired and stored products from origin to destination. It offers various benefits, such as improved effectiveness, inexpensive service, higher production rates, and enhanced inventory control. It mainly includes fourth-party logistics (4PL), third-party logistics (3PL), reverse, inbound, outbound, digital, military, green, reverses, and construction logistics.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Logistics Market Trends:
The global logistics market is primarily being driven by the introduction of various technologically advanced automated material handling equipment, such as biometrics, a global positioning system (GPS), and handling equipment. In addition to this, the rising demand for complex supply chain operations and the widespread adoption of autonomous warehouses are stimulating market growth. Apart from this, the escalating popularity of e-commerce and online shopping is another growth-inducing factor. Other factors, such as numerous initiatives undertaken by the governments of various nations for fueling global trade activities are positively impacting the market growth.
By IMARC group the report has also analyzed the competitive landscape of the market with some of the top logistics companies being
J.B. Hunt Transport, Inc.
C.H. Robinson Worldwide, Inc.
United Parcel Service, Inc.
Expeditors International of Washington Inc.
XPO Logistics Inc.
Kenco Group Inc.
Deutsche Post DHL Group
Americold Logistics, LLC
DSV Panalpina A/S
Key Market Segmentation:
Breakup by Transportation Mode:
Breakup by Model Type:
Breakup by End-use:
Food And Beverages
Oil & Gas
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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Key highlights of the Report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Historical, Current, and Future Market Trends
Market Drivers and Success Factors
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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