What is the value of the logistics industry?

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.”

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 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 big is the logistics market in India?

In financial year 2021, the size of the Indian logistics market was around 250 billion U.S. dollar. It was estimated that this market would grow to 380 billion dollars in 2025, at a compound annual growth rate between 10 to 12 percent.

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.

How big is the logistic market?

Logistics Industry Size: Annual Estimates Range From $8 Trillion To $12 Trillion. The global logistics industry size is enormous. The industry contributes up to 10% GDP in the United States and about 12% of the global GDP. Economic industry indicators saw the logistics market closing in at $2 trillion in 2019.

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 much is the global logistics market worth?

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

How big is the 3PL industry?

Third-Party Logistics in the US - Market Size 2003–2027

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.

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 large is the transportation industry?

The entire U.S. freight transportation industry which includes various modes of transport (air, water, rail, pipeline, trucks) is worth roughly $1 trillion, according to Plunkett Research.10-Mar-2018

Which is the biggest logistics company in India?

Container Corporation of India Ltd. (CONCOR) – A public sector undertaking incorporated in 1988 by assuming the control of the existing network of 7 ICDs from the Indian Railways, is the Largest LogisticCompanies in India in terms of sales in the recent year with a revenue of Rs6,956Cr.

How big is the supply chain industry in India?

Supply Chain & Logistics Industry In today's world Logistics is considered as the backbone of an economy. Being the fastest evolving industry the Indian logistics sector is currently growing at a rate of 10.5% CAGR since 2017 and estimated to be of $215 Bn by the end of 2020.

What is the future of logistics in India?

In 2019, the McKinsey Global Institute (MGI) predicted that India's logistics sector would expand at a compound annual growth rate of more than 10 percent, from $200 billion in early 2020 to at least $320 billion in 2025.14-Dec-2021

What type of industry is logistics?

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 segments of logistics?

Logistics services, or third-party logistics (known as 3PL), comprises three segments: road and rail freight forwarding, air and sea freight forwarding, and contract logistics. Managing capacity is their main focus.

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 3PL companies are there?

There are 14,302 Third-Party Logistics businesses in the US as of 2022, an increase of 1.4% from 2021.17-May-2021

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 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 is the value of the logistics industry?