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.
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 $160 billion in 2016-17.17-Oct-2018
What is the value of the logistics industry?
According to Research and Markets, “the global logistics market was worth 10.32 Billion USD in 2017 and it is estimated to grow to 12.68 Billion USD by 2023 with a CAGR (compound annual growth rate) of 3.49% between 2017 and 2023.”
Types of Logistics
What is the market size of the transportation industry?
The global public transportation market size was estimated at USD 206.7 billion in 2021 and is expected to reach USD 214.5 billion in 2022.
Here are 40 more of the largest logistics companies in the world to watch for, ranked by revenue.Top 40 Logistics Companies Ranked by Revenue.
How much is the global logistics market worth?
The global logistics industry is worth over nine trillion U.S. dollars.
Third Party Logistic Market to Reach US$ 1,031 Billion by 2022, registering 7.6% CAGR between 2022 and 2032.05-Sept-2022
How big is the 3PL industry?
Third-Party Logistics in the US - Market Size 2003–2027
The future of logistics will be defined by data, analyzed by artificial intelligence and driven by machines. Gartner has predicted that by 2023, AI techniques will be embedded across 50% of supply chain technology solutions.
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
The logistics industry can be defined as the science of obtaining, producing and distributing material and products to the correct place and in the correct quantities. In a military sense, where it has a greater use, its meaning also includes the movement of personnel.20-May-2021
What are the 12 logistics elements?
Terms in this set (12)
While supply chain is a very broad career field, it has 7 primary functional areas: Purchasing, Manufacturing, Inventory Management, Demand Planning, Warehousing, Transportation, and Customer Service.
What is 2PL 3PL and 4PL?
1PL - First-Party Logistics. 2PL - Second-Party Logistics. 3PL - Third-Party Logistics. 4PL - Fourth-Party Logistics. 5PL - Fifth-Party Logistics.
Top 5 Modes of Transportation in Logistics
Is the transportation industry growing?
The global transportation industry is predicted to grow at a CAGR of 3.4% through 2027. (Reaching a value of $7.8 trillion by 2027.) Though a positive outlook overall, the growth of the industry is much less robust than pre-pandemic estimates of 19.8% growth.25-Feb-2022
The transportation services market consists of sales of transportation services and warehousing and storage facilities by entities (organizations, sole traders and partnerships) that move people or goods from one place to another for an amount or fee and/or provide warehousing and storage facilities to store goods.
What is the size of the logistics industry?
between $8 trillion and $12 trillion annually
Largest 3PLs Ranked by 2021 Gross Logistics Revenue/Turnover
Which country is famous for logistics?
World's Top 25 Best Countries For Logistics Performance In 2016: Germany Comes Out On Top Again
What is the global logistics market?