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
• Nippon Express
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