
The growth of the logistics market size is driven by expanding global trade, rise in e-commerce activities, and advancements in supply chain technologies. Rise in demand for efficient transportation and warehousing solutions, coupled with rise in adoption of automation, AI, and IoT, enhances operational efficiency and reduces costs. Government investments in infrastructure development, such as smart ports and digital freight corridors, further support market expansion. In addition, the push for sustainable logistics, including electric and autonomous vehicles, is reshaping industry dynamics. With rapid urbanization and evolving consumer expectations, companies are focusing on last-mile delivery optimization, fostering innovation and growth in the logistics sector.
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The logistics market is evolving with key trends shaping its growth. The rise of e-commerce is driving demand for faster and more efficient delivery solutions, including last-mile logistics. Automation, artificial intelligence, and blockchain are enhancing supply chain transparency and efficiency. Sustainability is gaining importance, with companies adopting green logistics, electric vehicles, and carbon-neutral initiatives. The expansion of smart warehouses and real-time tracking technologies improves inventory management.
Key Market Players:
- GEODIS
- FedEx
- Nippon Express Co., Ltd
- DB Schenker
- A.P. Moller - Maersk
- Kuehne+Nagel
- DSV
- C.H. Robinson Worldwide Inc
- UNITED PARCEL SERVICE OF AMERICA, INC
- Deutsche Post AG.
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On the basis of end use, the manufacturing segment held the highest market share in 2023, accounting for more than one-fourth of the global logistics market revenue. This is due to the constant need for efficient transportation, warehousing, and supply chain management of raw materials and finished goods. Growing industrialization, global trade expansion, and just-in-time inventory strategies further drive demand for reliable logistics solutions, ensuring seamless operations and timely product delivery.