Logistics Market 2022 Share, Trend, Segmentation And Forecast To 2030 | DTDC Express Limited (India), H. Robinson Worldwide, Inc. (U.S.), Schenker AG (Germany)
Research Reports
Apr 18, 2022
Market Overview
The global Logistics Market is anticipated to grow at a Compound Annual Growth Rate of 6.8% from 2022 to 2030 and will reach a value of USD 15,800 billion.
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The logistics market deals with inventory and warehouse services, goods transportation, packaging and handling of materials, and information integration. Due to economic growth across the globe, the global Logistics Market is anticipated to grow steadily during the forecast period.
Due to travel restrictions, cancellation of flights, lockdown, and social distancing, the logistics Market got affected negatively across the world. At the same time, there has been a huge demand for healthcare and pharmaceutical supplies during the pandemic time. The sudden rise of E-commerce platforms, online sales, and home delivery services have opened up huge growth opportunities for the Logistics Market.
Certain restraints may hamper the growth of the Logistics Market in the coming years. Poor infrastructure, non-availability of high-tech transportation units, and rising fuel costs may slow down the growth of this market.
Market Segmentation
The Logistics Market Outlook shows that the market is divided based on Logistics type, transportation, end-users, and region.
Based on the transportation type, the market is divided into waterways, roadways, railways, and airways. With the increasing geopolitical tensions, the waterways sector is expected to show steady growth during the forecast period.
Based on the logistics types, the global Logistics Market is categorized into first-party users, second-party users, and third-party users. The largest market share is dominated by second-party users.
Based on the end-users, the market of Logistics services is divided into healthcare, oil & gas, industry, manufacturing & construction, and others. The maximum market share is occupied by the manufacturing & construction sectors.
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Regional Classification
The global business scenario is evolving and the market is divided into regions North America, Europe, the Asia Pacific, and the Rest of the World.
The region that is expected to show the highest Logistics Market Growth within the forecast period is the Asia-Pacific region. With the increasing manufacturing unit, increasing population, economic growth, high rate of exports and imports, there is an increase in the demands for logistics services within the countries and across the countries of this region. With the surge in the use of E-commerce platforms, the other regions of the Logistics Market are also estimated to show significant growth.
The availability of infrastructure, the latest technologies, and increased business activities between North American and European regions are the key factors for the growth of this market during the forecast period.
Industry News
The signing of trade agreements, going for joint ventures, and setting up new business houses in different parts of the world are some of the initiatives that are taken by the major players of the Logistics Market.
India and Thailand are strengthening their trade relations with the US. The Asia-Pacific region is expected to grow fast so it will help in the increase of the global Logistics Market Revenue.
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India has signed a Free Trade Agreement with the UK in December 2020. This will enhance the manufacturing sectors like pharmaceuticals, food products, defense, and others. This will contribute to the steady growth of the Logistics Market.
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