How big is the global logistics industry?

How big is the global logistics industry?

The global logistics market was valued at $7,641.20 billion in 2017, and is projected to reach $12,975.64 billion by 2027, registering a CAGR of 6.5% from 2020 to 2027.

What is the logistics industry worth 2020?

The country's logistics industry is projected to be worth $215 billion by 2020-21, recording a 10 per cent compounded annual growth rate (CAGR) over its approximate size of $160 billion in 2016-17.17-Oct-2018

What is the size of the logistics market?

The global retail logistics market size was estimated at USD 227.61 billion in 2021 and is expected to reach USD 252.37 billion in 2022.

What is the global logistics market?

The global logistics market in its present state has come about as a result of an amalgamation of supply side and demand side trends. The rapid proliferation of trade agreements among various nations is the major demand driver of the global logistics market.

How much does the US spend on logistics?

The statistic represents the U.S. business logistics costs from 2005 to 2020. In 2020, the business logistics costs in the United States dropped to 1.56 trillion U.S. dollars, a four percent decrease from the previous year.

How much money does the logistics industry make?

The logistics industry ranges between $8 trillion and $12 trillion annually, calculated as a percentage of GDP. The U.S. attributes up to 10% of its annual GDP to the logistics industry — roughly $2 trillion in 2019.10-Jul-2020

How much is the global logistics market worth?

The global logistics industry is worth over nine trillion U.S. dollars.

What is the logistics industry worth 2022?

Third Party Logistic Market to Reach US$ 1,031 Billion by 2022, registering 7.6% CAGR between 2022 and 2032.05-Sept-2022

How big is the supply chain industry?

The global supply chain management market size was estimated at USD 16.64 billion in 2021 and is expected to reach USD 18.27 billion in 2022.

Why is the logistics industry growing?

The global logistics market is expected to grow at a 6.8%1 CAGR during 2022-2030, particularly due to surge in e-commerce logistics, containers shortages, closure of major ports causing port congestion, shortage of truck drivers, andrestricted capacity in the air freight market.08-Apr-2022

How many logistics companies are there in the world?

Here are 40 more of the largest logistics companies in the world to watch for, ranked by revenue.Top 40 Logistics Companies Ranked by Revenue.

How much money is in the transportation industry?

The net value of transportation infrastructure and other assets (vehicles and equipment)—known as transportation capital stock—was $8.9 trillion in 2020. The public sector owned $4.9 trillion (55.3 percent), while the private sector owned $4.0 trillion (44.7 percent).

What are the new trends in logistics?

8 Major Logistics Trends Shaping Logistics Management in 2022

How many freight forwarders are there in the world?

There are probably over 100,000 freight forwarding companies worldwide.

How big is the freight forwarding industry?

about 186 billion USD

What percentage of GDP is logistics?

For the U.S., logistics costs have been around 8% of GDP Gross Domestic Product (GDP) in recent years, equal to $1.56 trillion dollars in 2020 (see Figure 1.6).

What percentage of logistics cost is transportation?

Transportation accounted for 63% of the total logistics costs, while inventory-carrying costs accounted for 33%, of which interest costs account for 8%.25-Aug-2005

What does GDP stand for in logistics?

Domestic Product.25-Aug-2005

Is there money to be made in logistics?

First, the good news: there's money to be made in logistics. Businesses spend trillions of dollars on logistics every year, and transportation can take up 80 percent of a company's logistics budget. Companies need to hire people who can keep costs low, so logistics and transportation experts are in demand.17-Mar-2020

How much is the shipping industry worth?

Report Overview. The global shipping container market size was valued at USD 6.41 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.0% from 2020 to 2028.

What industry does logistics fall under?

Logistics as an industry includes the sourcing of goods, manufacturing, inventory, handling/sortation, transportation, storage/warehousing, etc. Further, logistics expense lines can include IT, in terms of the exchange of information and data, as well as the cost of security.11-Jan-2020

How big is the global logistics industry?