The Latest Global Logistics Industry Statistics Explained
The global logistics market size is expected to reach USD 12.25 billion by 2027, expanding at a CAGR of 17.6% from 2020 to 2027.
This statistic indicates that the global logistics market is projected to experience significant growth, with its size estimated to reach USD 12.25 billion by the year 2027. This growth is expected to occur at a compound annual growth rate (CAGR) of 17.6%, starting from the year 2020 until 2027. The CAGR of 17.6% implies a consistent and rapid expansion in the market over the specified time frame. Factors contributing to this growth may include increased international trade, advancements in technology enhancing supply chain efficiency, and the growing demand for streamlined and cost-effective logistics solutions on a global scale.
By 2023, the global logistics market is projected to reach $6,642 billion.
The statistic states that by the year 2023, the global logistics market is estimated to grow to a value of $6,642 billion. This projection indicates a significant increase in the size and importance of the logistics industry worldwide. The growth in the market size suggests a rising demand for logistical services such as transportation, warehousing, inventory management, and supply chain solutions. Factors such as globalization, e-commerce expansion, and technological advancements are likely driving this growth in the logistics sector. This statistic highlights the increasing significance of efficient and effective logistical operations in supporting the functioning of global trade and supply chains.
In 2019, the U.S. led the North America logistics market with a share of 83.0%.
The statistic stating that in 2019, the U.S. led the North America logistics market with a share of 83.0% indicates that the United States held a dominant position in the logistics industry within the North American region during that year. This high market share percentage suggests that the U.S. was the primary driving force in shaping the logistics landscape in North America, exerting significant influence and control over transportation, distribution, and supply chain activities. This statistic reflects the strong economic presence and capabilities of the U.S. logistics sector, showcasing its leadership and competitive advantages within the region’s market dynamics.
Asia Pacific accounted for the largest market share of 39.0% in 2019.
The statistic “Asia Pacific accounted for the largest market share of 39.0% in 2019” indicates that Asia Pacific region held the highest percentage of market activity compared to other regions in the specified year. This means that nearly 4 out of every 10 units or amount of a particular product or service sold were attributable to the Asia Pacific region in 2019. This statistic highlights the significant presence and influence of the Asia Pacific region in the market during that particular year, suggesting that this region played a key role in driving global market dynamics and potentially had a strong impact on industry trends and developments during that time.
As of 2021, DHL, a global logistics company, has a market capitalization of USD 56.62 billion.
The statistic “As of 2021, DHL, a global logistics company, has a market capitalization of USD 56.62 billion” indicates the total market value of DHL’s outstanding shares of stock as of the specified year. Market capitalization is calculated by multiplying the number of outstanding shares by the current market price per share. In this case, DHL’s market capitalization of USD 56.62 billion suggests that the company is valued at over USD 56 billion based on the total number of shares in circulation and their market price. This metric provides investors and analysts with a snapshot of DHL’s overall worth in the financial markets and is often used as a measure of a company’s size and importance within the industry.
The roadways sector held the largest share in the global logistics market in 2020.
The statement “The roadways sector held the largest share in the global logistics market in 2020” indicates that among all the various modes of transportation and infrastructure management involved in the logistics industry worldwide, the roadways sector contributed the most in terms of market value, revenue, or activity during the year 2020. This statistic suggests that road transportation, such as trucking and delivery services, was the most dominant sector within the logistics industry, likely due to factors such as accessibility, flexibility, and cost-effectiveness compared to other modes of transportation like air, sea, or rail. It highlights the importance of the roadways sector in supporting global supply chains and trade networks for the movement of goods and services.
Third-party Logistics (3PL) market size is projected to reach USD 1.27 trillion by 2027.
The statistic that the Third-party Logistics (3PL) market size is projected to reach USD 1.27 trillion by 2027 indicates the anticipated total value of the global 3PL industry in terms of revenue generated from providing logistics services by third-party companies. This projection suggests a significant growth trajectory for the 3PL market over the coming years, driven by factors such as increasing globalization, the rise of e-commerce, and the growing complexity of supply chains. The growth potential highlighted in this statistic underscores the importance of 3PL services in aiding businesses in navigating the complexities of supply chain management and optimizing their logistics operations for efficiency and cost-effectiveness.
In 2020, the airways segment accounted for a market share above 10% in global logistics.
The statistic indicates that in 2020, the airways segment held a significant market share of over 10% in the global logistics industry. This suggests that air transport services played a substantial role in the transportation of goods internationally during that year. The high market share could be attributed to various factors such as the speed of air transport, the capability to reach remote locations efficiently, and the increasing demand for quick delivery services. The prominence of the airways segment highlights its importance in the logistics industry and signifies its significant contribution to the global movement of goods and materials.
In 2019, the freight & logistics market in China represented 13.5% of its GDP.
The statistic that in 2019, the freight & logistics market in China represented 13.5% of its GDP highlights the significant economic importance of the transportation and logistics sector in the country. This indicates that a substantial portion of China’s economic activity is related to movement of goods and services within the country and internationally. A high percentage suggests a robust and active freight industry, which plays a crucial role in facilitating trade, supporting various industries, and driving economic growth. Monitoring this statistic allows policymakers and stakeholders to understand the dynamics of the logistics sector and its impact on the overall economy, enabling informed decision-making and investment strategies.
In 2018, India’s logistics sector was worth $160 billion.
The statistic “In 2018, India’s logistics sector was worth $160 billion” indicates the total value of the logistics industry in India during that year. This figure represents the sum of all goods and services related to the storage, transportation, and distribution of products within the country. A significant share of India’s GDP is attributed to the logistics sector, highlighting its crucial role in facilitating trade and commerce. The $160 billion value reflects the size and importance of the logistics industry in India, showcasing its scale and impact on the economy during the specified year.
The global cold chain logistics market is projected to reach $585.10 billion by 2026.
The statistic “The global cold chain logistics market is projected to reach $585.10 billion by 2026” indicates the anticipated value of the global cold chain logistics industry in terms of revenue by the year 2026. This projection suggests a significant growth trend in the cold chain logistics sector, which is responsible for the transportation and storage of temperature-sensitive products such as food, pharmaceuticals, and chemicals. The expected rise in market size reflects the increasing demand for cold chain services driven by factors such as expanding international trade, stringent regulations on product safety and quality, and the growing need for efficient supply chain management. This statistic underscores the importance of cold chain logistics in facilitating the safe and reliable delivery of perishable goods across various industries worldwide.
In 2018, Amazon’s shipping costs reached $27.7 billion.
The statistic states that in the year 2018, Amazon incurred shipping costs amounting to $27.7 billion. This figure represents the total expenses the company paid for delivering goods to customers and managing its logistics operations throughout the year. The substantial amount reflects the scale and magnitude of Amazon’s shipping operations, which is a critical aspect of its business model considering the vast array of products it sells and the global reach of its customer base. The significant investment in shipping costs highlights the importance Amazon places on providing fast and efficient delivery services to ensure customer satisfaction and maintain its competitive edge in the e-commerce market.
The global freight and logistics market was valued at approximately $9.642 billion in 2020.
The statement indicates that the global freight and logistics market had a total estimated value of around $9.642 billion in the year 2020. This figure represents the total worth of all goods and services involved in the movement, storage, and transportation of goods across the global supply chain. The market includes various activities such as transportation, warehousing, distribution, and other services related to the efficient movement of goods. This statistic serves as a key metric to understand the size and importance of the freight and logistics industry on a global scale, highlighting its significant economic impact and role in facilitating international trade and commerce.
The global logistics automation market is expected to reach $88.9 billion by 2026, growing at a CAGR of 11.7%.
The statistic indicates that the global logistics automation market is projected to expand significantly, reaching a value of $88.9 billion by the year 2026. This growth will be driven by a compound annual growth rate (CAGR) of 11.7%, demonstrating a strong upward trend in the adoption of automation within the logistics industry. Factors contributing to this growth may include the increasing need for efficiency, cost reduction, and improved operational performance in supply chain management. As businesses strive to streamline their logistics operations and leverage technology to enhance their processes, the market for logistics automation solutions is expected to experience substantial expansion over the forecast period.
The global pharmaceutical logistics market is expected to reach $122.7 billion by 2026, growing at a CAGR of 7.5%.
This statistic indicates that the global pharmaceutical logistics market is projected to expand significantly, reaching a value of $122.7 billion by the year 2026. The growth of this market is expected to be driven by a compound annual growth rate (CAGR) of 7.5%, showing a strong upward trajectory over the forecast period. This growth is likely fueled by factors such as increasing demand for pharmaceutical products worldwide, advancements in supply chain technologies, and the rise of e-commerce in the pharmaceutical industry. The projected growth signifies substantial opportunities for companies operating in the pharmaceutical logistics sector to capitalize on the expanding market and cater to the evolving needs of the pharmaceutical industry.
The global digital freight brokerage market was estimated at USD 836 million in 2020 and is expected to reach USD 15,149 million by 2027.
This statistic suggests that the global digital freight brokerage market experienced substantial growth between 2020 and the projected timeframe of 2027. Specifically, the market size was estimated at USD 836 million in 2020 and is anticipated to significantly increase to USD 15,149 million by 2027. This impressive growth highlights a shift towards digitalization within the freight brokerage industry, likely driven by factors such as the increasing need for efficient and transparent supply chain management solutions. The projected increase in market size indicates a strong demand for digital freight brokerage services and signals potential opportunities for industry players to capitalize on this trend.
Conclusion
The global logistics industry is a dynamic and ever-evolving sector that plays a crucial role in enabling the movement of goods and services around the world. By examining key statistics and trends in the industry, we can gain valuable insights into the challenges and opportunities that lie ahead. As technology continues to disrupt traditional supply chain models and consumer expectations evolve, logistics companies must adapt and innovate to stay competitive. With a focus on efficiency, sustainability, and digital transformation, the industry is poised for continued growth and development in the years to come.
References
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