Logistics Market Size, Share, Trends & Report | 2034

Logistics Market Outlook

According to the report by Expert Market Research (EMR), the global logistics market size attained a value of USD 11.26 Trillion in 2024. Aided by the continued growth of e-commerce, globalization of supply chains, and technological advancements in transportation and warehouse management, the market is projected to grow at a compound annual growth rate (CAGR) of 6.30% from 2025 to 2034, reaching a value of USD 20.74 Trillion by 2034.

Logistics is a critical component of global trade and supply chains, encompassing a wide range of activities that facilitate the movement of goods from one point to another. These activities include transportation, warehousing, inventory management, packaging, and distribution. Logistics plays a crucial role in ensuring that goods are delivered efficiently and cost-effectively to meet the demands of consumers and businesses across the globe.

The Logistics Market is driven by several factors, including the rise of e-commerce, the globalization of trade, and the increasing need for more efficient and sustainable logistics solutions. Furthermore, the growing reliance on technology, such as automation, artificial intelligence (AI), and blockchain, is transforming the logistics landscape, making operations faster, more transparent, and less costly.

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Drivers of Market Growth

E-commerce Growth and Consumer Expectations: One of the primary factors driving the growth of the Logistics Market is the continued expansion of e-commerce. With online shopping becoming an integral part of consumers' lives, the demand for fast, reliable, and cost-effective delivery services has skyrocketed. E-commerce companies are investing heavily in their logistics networks to meet consumer expectations for quick delivery times and flexible shipping options.

Consumers now expect faster delivery services, with many willing to pay a premium for same-day or next-day shipping. This demand for speed has led to innovations in last-mile delivery, where logistics companies are utilizing advanced technologies such as drones, autonomous vehicles, and robotics to improve efficiency and reduce delivery times.

The growing e-commerce market is not just limited to developed countries; emerging economies in Asia, Latin America, and Africa are also experiencing a boom in online retail, further fueling the demand for logistics services.

Globalization of Supply Chains: As businesses expand their operations internationally, supply chains are becoming more complex and interconnected. Global trade is increasing, and companies are sourcing raw materials, components, and finished goods from various parts of the world. This has led to a growing need for more sophisticated and efficient logistics solutions that can handle cross-border shipments, customs clearance, and the management of long-distance transportation.

Logistics providers are increasingly offering end-to-end services that encompass international transportation, warehousing, and distribution, allowing businesses to manage their global supply chains more effectively. The rise of free trade agreements, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the United States-Mexico-Canada Agreement (USMCA), has further facilitated cross-border trade, contributing to the growth of the Logistics Market.

Technological Advancements: Technology is revolutionizing the logistics industry, making operations faster, more efficient, and more cost-effective. Automation, artificial intelligence (AI), Internet of Things (IoT), and blockchain are some of the key technologies transforming logistics operations.

• Automation: Automated warehouses, robotic systems, and autonomous vehicles are enhancing the speed and accuracy of logistics operations. Automated storage and retrieval systems (ASRS) and robotic picking systems are reducing the time it takes to process orders and manage inventory. Automated vehicles and drones are also being used for last-mile delivery, reducing the need for human intervention and lowering operational costs.

• Artificial Intelligence (AI) and Machine Learning: AI is being used to optimize route planning, predict demand, and improve supply chain visibility. Machine learning algorithms analyze vast amounts of data to identify patterns and optimize decision-making processes, helping logistics companies enhance their operational efficiency.

• Blockchain: Blockchain technology is increasing transparency and security in logistics. By providing a decentralized and immutable ledger of transactions, blockchain enables real-time tracking of shipments and enhances supply chain visibility. It also reduces fraud and the risk of errors in documentation, making logistics operations more secure and reliable.

Sustainability and Environmental Concerns: As environmental regulations become more stringent and consumers become more environmentally conscious, the logistics industry is under increasing pressure to reduce its carbon footprint. Logistics companies are adopting greener practices, such as using electric vehicles, optimizing routes to reduce fuel consumption, and implementing energy-efficient warehouse operations.

Green logistics is becoming a key focus area for many businesses, as they seek to reduce their environmental impact and meet the sustainability expectations of their customers. For example, companies are investing in sustainable packaging materials, reducing waste, and incorporating renewable energy sources into their logistics operations.

The shift toward sustainability is also being driven by governments and international organizations, which are introducing policies and incentives to promote cleaner, more energy-efficient transportation and logistics practices. The European Union, for instance, is pushing for a greener logistics sector through initiatives such as the European Green Deal, which aims to reduce greenhouse gas emissions and achieve net-zero carbon emissions by 2050.

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Logistics Market Segmentation

The market can be divided based on model, transportation mode, end use, region.

Some of the major players explored in the report by Expert Market Research are as follows:

• FedEx Corporation
• United Parcel Service, Inc.
• Schenker AG
• C.H. Robinson Worldwide Inc.
• Deutsche Post AG
• Evri Limited
• DSV A/S
• CMA CGM Group (CEVA Logistics SA)
• Kuehne + Nagel International AG
• Nippon Express Co., Ltd.
• XPO, Inc.
• Expeditors International of Washington, Inc.
• Kintetsu World Express Inc.
• GXO Logistics, Inc.
• A.P. Møller – Mærsk A/S
• TSI Group Inc.
• Others

Challenges Facing the Logistics Market

Despite the robust growth prospects, the logistics industry faces several challenges. These include the rising cost of fuel, labor shortages, regulatory compliance issues, and the need for continuous investment in infrastructure. Furthermore, the Logistics Market is highly competitive, with companies striving to differentiate themselves through innovation, technology, and customer service.

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