According to the latest IMARC group report, entitled “Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026,”The size of the global logistics market has reached US $ 5.2 trillion in 2020. Going forward, the market value is expected to reach US $ 6.9 trillion by 2026, with a CAGR of 4.60% in 2021-2026.
Logistics is the process of coordinating and planning services or resources from the point of origin to the point of consumption. This process enables efficient and efficient transport and storage of goods and services. Some of the major components of logistics include inventory management, inbound and outbound transportation, handling, warehousing, etc.
We regularly monitor the direct effect of COVID-19[female[feminine on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Global Logistics Market Trends:
The growing number of trade agreements between various countries and the increasing levels of globalization mainly drive the logistics market. In addition, the upward trend of internet retailing and online shopping is also propelling the growth of the market. In addition, many government agency initiatives to promote international trade further increase the demand for logistics to facilitate import and export activities. In addition, continuous technological advancements such as the integration of automated material handling equipment, biometrics, GPS tracking, etc. with logistics services further catalyze product demand. Apart from this, the expanding e-commerce industry and increasing number of warehouses and storage facilities are also expected to boost the logistics market during the forecast period.
Explore the full report with table of contents and list of figures: https://bit.ly/3hHZ82x
By IMARC Group, the report also analyzed the competitive landscape of the market with some of the the best logistics companies being
- B. Hunt Transport, Inc.
- H. Robinson Worldwide, Inc.
- Logistics CEVA
- FedEx Corp.
- United Parcel Service, Inc.
- Washington Expeditors International Inc.
- XPO Logistics Inc.
- Kenco Group Inc.
- Deutsche Post DHL Group
- Americold Logistics, LLC
- DSV Panalpina A / S
Key market segmentation:
Breakdown by model type:
Breakdown by mode of transport:
- Sea lanes
Breakdown by end use:
- Consumer goods
- Food and drinks
- Health care
- Chemical products
- Petroleum gas
Breakdown 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, others)
Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Impact of COVID-19 on the market
- Porter’s Five Forces Analysis
- Historical, current and future market trends
- Market drivers and success factors
- SWOT analysis
- Market structure
- Value chain analysis
- Complete 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 part of the customization.
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