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According to the latest report by IMARC Group, the global logistics market size reached US$ 5.2 Trillion in 2020. Logistics refers to the process of planning, coordinating, managing, and organizing resources from the point of origin to the point of consumption.
Better service, investment in technology infrastructure, wider range of product offerings, competitive pricing, fundraise from global investor and their ability to reimburse cash quickly has provided e-commerce focused LSPs to much bigger pie of e-commerce market as compared to the traditional LSPs.
The global logistics market size was valued at USD 5.65 Trillion in 2024. Looking forward, the industry is projected to reach USD 8.07 Trillion by 2033, exhibiting a CAGR of 4.02% during 2025-2033. In 2024, Asia Pacific emerged as the leading region in the industry, accounting for over 48.7% of the market share.
The growth of the market is mainly due to the rise of online shopping, the need for quicker delivery services, wider use of technologies like the Internet of Things (IoT), a stronger push for eco-friendly transport options, growing global trade, and improvements in roads, ports, and warehouses that support smoother logistics operations.
Read Full Report: www.imarcgroup.com/logistics-market
Did you know?
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