Global Logistics Market Research Report- Forecast 2027

Logistics Market Information Report: By Transportation Type (Airways, Waterways, Railways, Roadways), Logistic Type (First Party, Second Party, Third Party) End User (Industrial and Manufacturing, Retail, Healthcare, Oil & Gas) - Forecast 2027

ID: MRFR/PNT/3640-HCR | February 2021 | Region: Global | 100 pages

Logistics Market Overview


Logistics market is likely to witness good market growth rising at a 5% CAGR by the end of the global forecast period in 2027.


The Logistics market is related to the supply chain established at a global level and is exposed to constant change. Technological advancements help in streamlining the operations when it comes to long-term functioning. The unfolding of the degree of development in the international trade flow is likely to have a huge impact on the growth of the logistics market on a global scale. Also, the current economic environment is going to play a major role in the global productivity of this market. The logistics supply chain includes information integration, inventory and warehousing services, transportation of goods, material handling and packaging, along with an overall product security.


In simple words, logistics means making use of the correct product or service, in the correct condition at the correct place and within the right time.


Competitive Landscape


The logistics market analysis helps in understanding the role of the key market players, revenue scales, and draws a competitive landscape that will help the market grow by the end of the global forecast period ending in 2023. The prominent players of the market on a global scale are:



  • DTDC Express Limited (India)

  • H. Robinson Worldwide, Inc. (U.S.)

  • Schenker AG (Germany)

  • GEODIS (France)

  • XPO Logistics Inc. (U.S.)

  • Ceva Holdings LLC (U.K.)

  • DHL International GmbH (Germany)

  • FedEx Corp. (U.S.)

  • P. Moller – Maersk (Denmark)

  • DSV Global Transports and Logistics (Denmark)

  • Expeditors International of Washington, Inc. (U.S.) DHL International GmbH (Germany)


COVID 19 Analysis


The outbreak of the novel coronavirus pandemic is as bad as the effect of the Great Depression. The pandemic has offered different kinds of effects on the mushrooming economies like a ban on travel, cancellation of flights, mandatory quarantine, and much more. All these government regulations have a huge impact on the smooth functioning of logistics and supply chain mechanisms across various locations in the world. Logistics are offered with the movement and storage ensuring a good flow of goods and is experiencing a deep impact of the pandemic. Looking at the brighter side, the pandemic has positively affected the healthcare and pharma companies and services.


The need for e-commerce goods and delivery of essential items is largely dependent on the support of the logistics team. The global pandemic outbreak has increased the need for delivering medical, as well as, FMCG supplies, too. Hence, the market is expected to propel as the need for similar items is emerging at a large scale in the market. We hope to see a rise in the profits of this logistics market really soon.


Logistics Market Dynamics


Drivers


The global industries are switching to online businesses, and hence, the growing e-commerce industry is coupling since the last decade. This is stimulating the rising need for logistics operations in collaboration with the trade agreements. These factors are likely to play a major role in helping the global logistics industry expand its operations. The global industry is also witnessing services that are technology-driven and are growing their adoption of IoT services which is helping the market grow at a considerable CAGR quantum.


Restraints


The logistics market has certain restraints in the way of its growth. The market witnesses a lack of availability of manufacturers of logistic services, and poor infrastructure. Also, there are hidden logistics costs, that can hinder the market growth by the end of the future forecast year of 2023.


Value Chain Analysis


The infrastructure related to logistics and transportation services is emerging as a priority when the new government policies are rolling out. The government is working on the economic reforms that are strengthening the manufacturers to attract great investment quantum. There are constant efforts for improving the availability of infrastructure helping the freight stations and warehousing zones for improving efficiency. Also, there are attempts to bring the costs of logistics down and also reduce the pollution created in the process of transportation.


Study Objectives



  • To understand the market dynamics, the impact of COVID 19 on the market, revenues collected in the previous, current, as well as, future forecasts

  • To analyze the performance of the market segments and key players in 4 major geographies of the world

  • To understand the competitive margin of the key market players and understand the growth prospects for the market by the end of the current forecast period


Logistics Market Segment Overview


The logistics market outlook portrays that the global market has various segments that are based on the following:



  • Type


The transportation type of the market includes different ways through which the transportation of goods can be done. Namely, these are airways, railways, roadways, as well as, waterways.



  • Logistic Type


The market supplies the goods to first, second, as well as, third party users of the goods. The largest market share is expected to be enjoyed by the second parties.



  • End-user industry


End-users of the logistic services are oil, healthcare, gas, industries, manufacturing, amongst others. The manufacturing parties as the market end-users accounted to have the largest market share in the historic revenue collection years.


Logistics Market Regional Analysis


The governments of various economies are bringing about changes in the factors that improvise the ease of doing business as there is cheap labor available and to cater to the increasing market demand. Globalization is well complying with the growth in population and changes in consumer behavior. Also, with business switching to the online market, there is an increased demand for logistic services in 4 major geographical locations namely the APAC region, North America, European countries, as well as, the Rest of the World (RoW). The APAC region is expected to register the highest growth owing to the increase in demand for logistic services, exports, and imports, in-country logistics to conduct smooth deliveries in both rural and urban areas of the economy. The APAC region consists of India, Japan, China, along with Indonesia and Australia.


Following the trend, the second-most growing region is the North American one consisting of the USA and Canadian market. Business activities are initiating in between the American and European countries that are likely to help the market growth by the end of the global forecast in 2023. The European nations are taking initiatives to invest in the research and development process to cater to the infrastructure needs of the market. The availability of infrastructure, along with conveniently working labor at the desirable cost is the aim of the market. Also, the increased dependence of the European population on e-commerce websites is further populating the market’s demand. The logistics market trends are currently, more prevalent in countries like France, the UK, as well as, Germany.


Recent Developments



  • China is the most populous country and has a huge base of manufacturing units that are likely to help the market grow by the end of the future forecast period in 2023.

  • There is a rise in the demand for foreign goods for countries belonging to the APAC region. This is going to stimulate the transfer of goods in the international borders, thus, helping the logistics market to grow on a global level.

  • Countries like India, as well as, Thailand are strengthening their existing trade relations with superpowers like the United States of America. All these regions are already having a considerable role to play in the global growth of the market by the end of the forecast period in 2023.

  • A free trade agreement (FTA) was announced between India, as well as, the UK, in December 2020. This agreement reaches the manufacturing areas like fintech, food products, defense manufacturing, pharma, chemicals, as well as, petroleum, by the end of 2021.


Logistics Market Report Overview


The global logistics market takes into consideration the opinion of the industry leaders and global corporates to understand the revenue model of the market. The market also discusses the primary research related to the market that studies the market dynamics and the performance of the market segments in 4 major geographical locations of the world. The market also discusses the impact of the pandemic on the functioning and opportunities for growth in the future. The report also consists of the recent developments done by the prominent players of the market that help in analyzing the market valuation, as well as, the degree of competition in the market. The report depicts the restraints that might hamper the growth of the market by the end of the future forecast in 2023, as well.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   5% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Transportation Type, Logistic Type, and End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   DTDC Express Limited (India), H. Robinson Worldwide, Inc. (U.S.), Schenker AG (Germany), GEODIS (France), XPO Logistics Inc. (U.S.), Ceva Holdings LLC (U.K.), DHL International GmbH (Germany), FedEx Corp. (U.S.), P. Moller – Maersk (Denmark), DSV Global Transports and Logistics (Denmark), Expeditors International of Washington, Inc. (U.S.)
  Key Market Opportunities   New product launches and R&D amongst major key players
  Key Market Drivers

  • Growing e-commerce industry
  • Rising need for logistics operations in collaboration


  • Frequently Asked Questions (FAQ) :


    The market is expected to rise at a 7.5% CAGR by the end of the future forecast ending in 2027.

    The market is divided into 4 major segments namely, region, end-users, logistics, and transportation type

    The Asian Pacific region consisting of major countries like India, China, Japan, and Thailand.

    A few major market players operating in the global Logistics market are XPO Logistics Inc. (U.S.), Ceva Holdings LLC (U.K.), C.H. Robinson Worldwide, Inc. (U.S.), FedEx Corp. (U.S.), among others.