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 purpose of this report is to provide a thorough examination of the Logistics Market by segments and geographics. The study goes into great detail on the primary factors influencing the Logistics market’s growth. The study also offers a comprehensive analysis of the market’s value chain.
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Market Scope:
The “Global Logistics Market Analysis” is a detailed investigation of the Logistics market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the Logistics market as well as detailed market segmentation by application, end-use, and geography. The Logistics market is expected to develop substantially over the forecast period. The study contains critical information on the market positions of the leading Logistics players, as well as noteworthy industry trends and opportunities.
The research method used to assess and anticipate the Logistics market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segment estimation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Logistics market was calculated using the revenue of significant enterprises.
Segmentation:
The logistics market is divided into first party, second party, and third-party logistics based on the logistical type. During the anticipated period, the Third-Party logistics category held the biggest market share, accounting for 39.24%. Adopting a third-party logistics solution allows manufacturers to outsource operational logistics from warehousing and delivery so they may concentrate on other areas of their businesses since they are unable to monitor every operation at the warehouse and transportation. Because third-party logistics are more practical and effective, they promote corporate expansion and are anticipated to become increasingly essential to operations during the projected period.Healthcare, Manufacturing, Aerospace, Telecommunication, Government and Public Utilities, Banking and Financial Services, Retail, Media and Entertainment are the several end-use industries that make up the logistics market.
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Key Players:
The major players covered in the Logistics market report are
• 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
• LLC
• DSV Panalpina A/S.
• Moller – Maersk
• Geodis
• Nippon Express
Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Logistics Market:
Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the Logistics market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the Logistics industry,
Key Questions Answered in the Logistics Market Report are:
- Which segment grabbed the largest share in the Logistics market?
- What was the competitive scenario of the Logistics market in 2021?
- Which are the key factors responsible for the Logistics market growth?
- Which region held the maximum share in the Logistics market in 2021?