As consumer requirements have increased rapidly due to rising demand for local as well as global goods, the market is also experiencing rapid expansion. The economic growth rates globally and the upsurge in global trade has augmented the market size considerably. Government trade policies are contributing to the growth of the market substantially. 

Regional Analysis

The geographic analysis of the global Logistics Market has been conducted in four major regions, covering the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East, and Africa).

The North American region is the second dominant region in the market. Increasing trade activities amid the Americas and European regions are supporting the development of the logistics market in this region. The growing demand for foreign goods in Thailand, Indonesia, and India have strengthened the trade dealings with the U.S. The European region is another crucial region in the logistics market. Economies such as Germany, The U.K., and France are the key logistics markets in Europe .

Segmental Analysis

The second-party logistics segment held the largest market share. By End-user, the market has been bifurcated into industrial and manufacturing, healthcare, retail, oil & gas, and others. The Manufacturing segment held the most signficant market share. Factors including the policy reforms that have enhanced the ease of doing enterprises along with the easy availability of inexpensive labor contribute to the growth of the logistics market. Moreover, globalization, along with population growth and consumption behavior, has seen an increasing demand for products from all corners of the world. The rise of the e-commerce trade has added to the transport boom, and over the last decade, considerable growth has been observed across the industry’s value chain as a whole. In terms of growth of the broader industry, logistics infrastructure will observe almost over the board real growth in the years over the assessment period.

Competitive Analysis

The top market players operational in the global logistics market as identified by MRFR are Ceva Holdings LLC (U.K.), XPO Logistics Inc. (U.S.), C.H. Robinson Worldwide, Inc. (U.S.)