Logistics Market Outlook

According to the report by Expert Market Research (EMR), the global logistics market reached a value of USD 11.26 trillion in 2024. Driven by increasing global trade volumes, the expanding e-commerce sector, and continuous advancements in transportation and supply chain technologies, the logistics market size is expected to grow at a CAGR of 6.30% during the forecast period of 2025-2034 to attain a value of USD 20.74 trillion by 2034.

Logistics involves the efficient management of the flow of goods, services, and information from the point of origin to the point of consumption. It encompasses transportation, warehousing, inventory management, material handling, packaging, and security. A strong logistics infrastructure plays a vital role in enhancing the competitiveness of economies, streamlining supply chains, and enabling timely product deliveries across industries such as retail, manufacturing, healthcare, and agriculture.

Logistics Market Size and Share

In 2024, the global logistics market maintained robust growth owing to the increasing complexities in global supply chains and the need for reliable, end-to-end service providers. The Asia Pacific region holds the largest share in the global logistics market, driven by the presence of manufacturing hubs in China, India, and Southeast Asia. North America and Europe follow, with well-established logistics infrastructure and growing investments in automation and digitalization.

The market is highly fragmented, comprising a wide array of service providers, from multinational logistics firms to small and medium enterprises specializing in last-mile delivery and specialized transport. Integrated logistics providers that offer multimodal transport and value-added services such as supply chain analytics, freight forwarding, and reverse logistics continue to gain market share due to their capacity to deliver tailored solutions.

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Logistics Market Trends

Several key trends are shaping the growth trajectory of the global logistics market. The acceleration of e-commerce, especially in emerging markets, has led to an increase in demand for faster, more flexible, and transparent delivery options. This trend is fueling investments in last-mile delivery networks and smart warehousing solutions.

Sustainability has emerged as a critical focus in the logistics industry. Companies are increasingly adopting green logistics practices, such as the use of electric vehicles (EVs), carbon-neutral shipping, and optimized routing to reduce emissions. Additionally, government regulations aimed at reducing the carbon footprint of transport and logistics operations are encouraging businesses to invest in eco-friendly alternatives.

Another major trend is the adoption of advanced technologies. Artificial intelligence (AI), machine learning, blockchain, and the Internet of Things (IoT) are being integrated into logistics operations to improve real-time tracking, enhance predictive maintenance, and strengthen cybersecurity. Robotics and automation are also becoming prominent in warehouse management, enabling improved accuracy and efficiency.

Drivers of Growth

The global logistics market is being propelled by several key growth drivers:

  • Globalization and International Trade: The increasing cross-border trade and global sourcing strategies are significantly driving the demand for sophisticated logistics services that can manage international freight movement efficiently and compliantly.

  • E-commerce Expansion: The rapid rise of online shopping, fueled by internet penetration and mobile commerce, is placing unprecedented demand on logistics networks, particularly for last-mile delivery and returns management.

  • Urbanization and Infrastructure Development: Growing urban populations, particularly in Asia and Africa, are fostering demand for efficient logistics services to meet urban consumption needs. Infrastructure development, including ports, rail networks, highways, and warehouses, is facilitating the smooth movement of goods.

  • Technological Integration: The incorporation of digital technologies is enhancing visibility and transparency throughout the supply chain, allowing companies to optimize operations and reduce costs.

  • Rise of Third-Party Logistics (3PL) Providers: Businesses are increasingly outsourcing their logistics needs to 3PL providers to benefit from their expertise, scale, and advanced technologies, thereby enabling them to focus on core operations.

Technology and Advancement

Technological advancements are redefining the logistics landscape. Artificial intelligence is enabling route optimization, demand forecasting, and dynamic pricing models. Blockchain is gaining traction for ensuring data integrity, reducing fraud, and improving transparency in freight transactions.

The use of autonomous vehicles and drones is being tested and, in some regions, gradually deployed for delivering goods, particularly in remote and urban congested areas. Meanwhile, IoT devices, including smart sensors and RFID tags, are being used for real-time tracking of shipments, temperature control, and asset monitoring.

Additionally, cloud-based logistics platforms are offering enhanced connectivity between supply chain stakeholders, allowing seamless communication and real-time data sharing. These platforms are crucial for handling the increasing complexity of global supply chains.

Logistics Market Segmentation

The market can be divided based on model type, transpiration mode, end use and region.

Market Breakup by Model Type

  • 1 PL
  • 2 PL
  • 3 PL
  • Others

Market Breakup by Transportation Mode

  • Roadways
  • Seaways
  • Railways
  • Airways

Market Breakup by End User

  • Manufacturing
  • Consumer Goods and Retail
  • Food and Beverages
  • IT Hardware and Telecom
  • Healthcare
  • Chemicals
  • Construction
  • Automotive
  • Oil and Gas
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Key Players

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 and Opportunities

Despite strong growth prospects, the global logistics market faces several challenges. Rising fuel prices, geopolitical tensions, and trade restrictions can disrupt supply chains and increase operational costs. Additionally, the shortage of skilled labor, particularly in warehousing and transportation, poses a significant hurdle for logistics providers.

Cybersecurity threats are another growing concern due to the increased reliance on digital platforms. Ensuring data protection and secure communication across interconnected systems is essential to maintaining operational integrity.

Nonetheless, these challenges present opportunities for innovation and growth. The push towards decarbonization is creating demand for sustainable logistics solutions, while the digital transformation of supply chains is opening avenues for tech-based startups offering AI, data analytics, and supply chain management software.

Emerging markets present significant untapped potential, particularly in Africa, Southeast Asia, and Latin America, where improving infrastructure and economic development are expected to drive demand for logistics services. Public-private partnerships in logistics infrastructure development and favorable regulatory reforms are also expected to attract investment and facilitate market growth.

Logistics Market Forecast

The global logistics market is poised for substantial expansion in the coming decade. With the value projected to grow from USD 11.26 trillion in 2024 to USD 20.74 trillion by 2034, the market is expected to witness considerable transformation driven by innovation, sustainability, and changing consumer expectations.

As industries continue to digitalize and consumers demand faster, more flexible deliveries, logistics providers will need to adopt agile business models, invest in workforce development, and leverage data-driven insights to remain competitive. The increasing emphasis on resilience and risk management in supply chains following global disruptions such as the COVID-19 pandemic further underscores the strategic importance of robust logistics operations.

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