December 9, 2023

Logistics Market: A Comprehensive Outlook on Size, Share, and Growth Trends 2030

The global logistics market is experiencing unprecedented growth and transformation, fueled by the expanding landscape of international trade and a rapidly evolving digital ecosystem. As the world continues to shrink with improved transportation infrastructure, the logistics sector is poised for remarkable changes and increased momentum.

Digitalization Spurs a New Era of Logistics

The advent of e-commerce and evolving technology has disrupted traditional logistics paradigms, creating multiple channels to meet consumer demands. Leading manufacturers and consumer goods companies are now reaching end customers directly through online platforms, driving an exponential rise in e-tailing. This surge in e-commerce is expected to further boost demand for logistics services in the foreseeable future.

Moreover, the outsourcing trend in logistics is gaining momentum, driven by increased exports and imports. This trend has led to significant advancements in logistics infrastructure, including the deployment of Internet of Things (IoT) technology and data management software. Enhanced tracking solutions have bolstered consumer confidence, earning the global logistics market an improved reputation.

Challenges and Resilience Amidst COVID-19

While the COVID-19 pandemic presented significant challenges, including lockdowns and supply chain disruptions, it also acted as a catalyst for innovation in logistics. Lockdown measures temporarily impacted demand and supply, but as restrictions ease, the market is poised for recovery. The pandemic led to structural changes, with increased demand for groceries and healthcare products mitigating fluctuations in demand.

COVID-19 has also accelerated the adoption of unattended, contactless, and autonomous delivery methods, transforming the logistics landscape. E-commerce platforms are expected to be the driving force in the market, particularly for the delivery of perishable items and healthcare products.

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Asia Pacific Takes the Lead

Asian countries are positioned as leaders in the global logistics market, boasting strong transportation infrastructure and thriving e-commerce platforms. The South China Sea has played a pivotal role in China’s logistics market development, while Japan, India, and ASEAN countries are significant players in the Asia Pacific region.

Delivery Robots Shaping the Future

Key players in the logistics industry are increasingly focused on technology-driven solutions that enable real-time tracking for end customers. Robotic delivery systems have become a common sight in logistics warehouses, providing cost-effective and efficient solutions for goods delivery.

For instance, Amazon’s introduction of Kiva Robots has revolutionized packaging and transportation processes, enhancing automation and overall business efficiency.

Leading Stakeholders

Prominent players contributing to the growth of the logistics market include DB Schenker Logistics, Americold Logistics, C.H. Robinson Worldwide, Ceva Holdings, DHL Supply Chain, Expeditors International of Washington, FedEx, J.B. Hunt Transport Services, Kuehne + Nagel, Penske Logistics, Ryder Supply Chain Solutions, SNCF Logistics, The Boeing Company, United Parcel Service, XPO Logistics, and DSV A/S, among others.

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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This press release first seen on Brilad