Logistics Market Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-2028

Author: Elena Anderson

Marketing Manager

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Global Logistics Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled “ Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, ”

the global logistics market size reached US$ 5.2 Trillion in 2022.

Logistics refers to the process of planning, coordinating, managing, and organizing resources from the point of origin to the point of consumption. It also includes production, packaging, warehousing, material handling, security, integration of information, supply/demand planning of third-party providers, and inbound and outbound transportation. It assists in the efficient transportation and storage of goods, services, and information to meet the requirements of the end users costefficiently.

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Global Logistics Market Trends:

The growing popularity of e-commerce platforms on account of the rising reliance on smartphones and increasing penetration of the internet currently represents the key factors driving the logistics market. As logistics plays a pivotal role in the smooth functioning of online deliveries, the demand for logistics is escalating around the world. The easy return and refund policies have also fueled the need for reverse logistics processes with tracking facilities.

Furthermore, the increasing environmental concerns and rising focus on sustainable development have catalyzed the demand for green logistics, providing sustainable transport solutions. Other factors, including the constant technological developments, growing international trade agreements and the integration of global positioning systems (GPS), biometrics, driverless vehicles, and drone delivery with logistics systems, are anticipated to impel the growth of the market.

Looking forward, the market value is projected to reach US$ 6.8 Trillion by 2028, expanding at a CAGR of 4.5% during 2023-2028.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/logistics-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Model Type:

• 2 PL

• 3 PL

• 4 PL

Breakup by End-Use:

• Manufacturing

• Consumer Goods

• Retail

• Food and Beverages

• IT Hardware

• Healthcare

• Chemicals

• Construction

• Automotive

• Telecom

• Oil and Gas

• Others

Breakup by Transportation Mode:

• Roadways

• Seaways

• Railways

• Airways

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

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Competitive Landscape with Key Players:

• J.B. Hunt Transport Services

• C.H. Robinson Worldwide

• Inc.

• Ceva Holdings LLC

• FedEx Corp.

• United Parcel Service

• Inc.

• Expeditors International of Washington Inc.

• XPO Logistics Inc.

• Kenco Group

• Deutsche Post DHL Group

• Americold Logistics

• LLC

• DSV Air & Sea Inc.

1. What was the size of the global logistics market in 2022?

2. What is the expected growth rate of the global logistics market during 2023-2028?

3. What are the key factors driving the global logistics market?

4. What has been the impact of COVID-19 on the global logistics market?

5. What is the breakup of the global logistics market based on the model type?

6. What is the breakup of the global logistics market based on the transportation mode?

7. What is the breakup of the global logistics market based on the end use?

8. What are the key regions in the global logistics market?

9. Who are the key players/companies in the global logistics market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/logistics-market/toc

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