Logistics Market Expected to Deliver Dynamic Progression until 2029

Posted January 30, 2023 by AkankshaMMR

The Logistics Market research provides a comprehensive perspective of the competition, including the market share and company profiles of the top players in the global industry.
Logistics Market size was valued at US$ 13.39 Bn. in 2021 and the total revenue is expected to grow at CAGR 7.20% through 2021 to 2029, reaching nearly US$ 23.36 Bn.

Logistics Market Overview :

The Logistics Market research provides a comprehensive perspective of the competition, including the market share and company profiles of the top players in the global industry. The scope of the research covers a thorough examination of the Healthcare IoT Market, as well as the causes for variances in the industry's growth in a variety of sectors.

Global Logistics Market Dynamics :

With the advent of liberalization and globalization of world trade, logistics is becoming more and more important to maintain and boost the efficiency, effectiveness, and value addition in international trading activities. For instance, in December 2020, India and the UK announced a plan to confirm free trade agreement (FTA) in areas such as pharmaceuticals, fintech, chemicals, petroleum, food products, and defense manufacturing by 2021, which is expected to boost the growth of Logistics market.

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Global Logistics Market Segment :

The Logistics Market is divided into Railways, Roadways, Waterways, and Airways based on the mode of transportation. In 2021, the Roadways Transportation category had the most market share (33.19%). Because it is frequently moved to different regions, road transportation has a substantial impact on many different product industries. Roadway transportation is the least expensive form of long-distance transportation, hence it is anticipated that this market category will rule the Logistics industry during the time of forecasting.

Regional Analysis :

North America, Europe, Asia Pacific, the Middle East & Africa, and South America are the five main geographical regions of the Global Logistics Market market.

Global Logistics Market Key players :

• J.B. Hunt Transport Inc.
• C.H. Robinson Worldwide, Inc.
• CEVA Logistics
• FedEx Corp.
• United Parcel Service, Inc.
• Expeditors International of Washington Inc.
• XPO Logistics Inc.
• Kenco Group Inc.
• Deutsche Post DHL Group
• Americold Logistics
• DSV Panalpina A/S.
• Moller – Maersk
• Geodis
• Nippon Express

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A methodical strategy to minimising residual mistakes is taken by Maximize Market Research, which includes limiting the scope, validating with primary insights, and routinely maintaining the internal database. To take into account typical market fluctuations and adjust to any changes in the market's dynamics, a dynamic model is developed. Depending on the particular markets, the variables and qualities covered in the research may alter. The model must most importantly include information from the supply and demand sides in order to calculate the market gap.

A substantial amount of data is gathered and compiled in the early phases of the research process. The obtained data is frequently verified using a variety of sources, including the internal database, paid sources, annual reports of corporations, SEC filings, authorised news releases, price databases, and many more. The complete value chain must be understood in a comprehensive research study. To acquire a comprehensive view of the market taxonomy, we thoroughly examine the annual reports and financials of market participants.

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Issued By akanksha
Business Address maximize market research
Country India
Categories Industry , Internet , Marketing
Tags logistics market , share , analysis
Last Updated January 30, 2023