Logistics Market Size, Competitive Dynamics & Global Outlook 2023
Logistics Market Size Overview
in its recently published research report, Market Research Future (MRFR), asserts that the global market is flourishing and expected to grow exponentially over the review period, recording a substantial market valuation and a healthy CAGR of 7.2% in the forecast period.
Competitive Analysis
The top market players operational in the globalLogistics Market Size as identified by MRFR are
Ceva Holdings LLC (U.K.)
XPO Logistics Inc. (U.S.)
C.H. Robinson Worldwide, Inc. (U.S.)
FedEx Corp. (U.S.)
Expeditors International of Washington, Inc. (U.S.)
GEODIS (France)
DHL International GmbH (Germany)
DSV Global Transports and Logistics (Denmark)
A.P. Moller – Maersk (Denmark)
DTDC Express Limited (India)
Schenker AG (Germany), and other.
Regional Analysis
The geographic analysis of the global market has been conducted in four major regions, covering the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East, and Africa).
The Asia Pacific region was accountable for the largest share of the global market in 2016, followed by the North American and European regions. The Asia Pacific region is projected to enhance at a gradually rising CAGR over the forecast period. Increased adoption rates of outsourced logistics services in the region are motivating the development of the market. Increasing exports and imports along with an enormous demand for logistics services owing to the economic growth and urbanization that is prompting the manufacturers to trade across the globe. Japan, Australia, China, India, and Indonesia are the main markets in the Asia Pacific region. China is the leading Logistics Market Size in the area owing to a vast population base in the country and the prevalence of a large manufacturing hub.
The North American region is the second dominant region in the market. Increasing trade activities amid the Americas and European regions are supporting the development of the logistics market in this region. The growing demand for foreign goods in Thailand, Indonesia, and India have strengthened the trade dealings with the U.S. The European region is another crucial region in the Logistics Market Size. Economies such as Germany, The U.K., and France are the key Logistics Market Size in Europe .
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