GITNUX REPORT 2024

Global Logistics Industry Set to Surge, Reaching $12.68 Trillion by 2023

Exploring the Evolving Logistics Industry: From $7.64 Trillion to $12.68 Trillion by 2023

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

The global logistics robots market size was valued at $5.5 billion in 2019

Statistic 2

The logistics robots market is expected to reach $14.95 billion by 2027

Statistic 3

The global blockchain in logistics market size was valued at $93.16 million in 2020

Statistic 4

The blockchain in logistics market is projected to reach $3,272.8 million by 2030

Statistic 5

The global IoT in logistics market size was valued at $34.5 billion in 2019

Statistic 6

The IoT in logistics market is expected to reach $63.7 billion by 2026

Statistic 7

The global digital logistics market size was valued at $17.4 billion in 2020

Statistic 8

The digital logistics market is projected to reach $46.5 billion by 2025

Statistic 9

The global logistics automation market size was valued at $50.9 billion in 2020

Statistic 10

The logistics automation market is expected to reach $88.9 billion by 2026

Statistic 11

The global logistics robotics market size was valued at $5.5 billion in 2019

Statistic 12

The logistics robotics market is expected to reach $14.95 billion by 2027

Statistic 13

The global drone logistics and transportation market size was valued at $11.20 billion in 2021

Statistic 14

The drone logistics and transportation market is projected to reach $31.84 billion by 2031

Statistic 15

The global logistics analytics market size was valued at $16.7 billion in 2020

Statistic 16

The logistics analytics market is expected to reach $29.6 billion by 2025

Statistic 17

The global smart logistics market size was valued at $15.8 billion in 2020

Statistic 18

The smart logistics market is expected to reach $29.4 billion by 2026

Statistic 19

The global logistics automation market size was valued at $50.9 billion in 2020

Statistic 20

The logistics automation market is expected to reach $88.9 billion by 2026

Statistic 21

The global cold chain market size was valued at $233.8 billion in 2020

Statistic 22

The cold chain market is expected to expand at a CAGR of 14.8% from 2021 to 2028

Statistic 23

The global pharmaceutical logistics market size was valued at $76.4 billion in 2020

Statistic 24

The pharmaceutical logistics market is expected to grow at a CAGR of 8.5% from 2021 to 2028

Statistic 25

The global food logistics market size was valued at $160.26 billion in 2019

Statistic 26

The food logistics market is expected to grow at a CAGR of 8.3% from 2020 to 2027

Statistic 27

E-commerce logistics market is expected to grow at a CAGR of 21.2% from 2019 to 2025

Statistic 28

The global cross-border B2C e-commerce market size was valued at $780 billion in 2019

Statistic 29

The cross-border B2C e-commerce market is expected to grow at a CAGR of 27.4% from 2020 to 2027

Statistic 30

The global freight forwarding market size was valued at $180.66 billion in 2019

Statistic 31

The freight forwarding market is expected to grow at a CAGR of 3.5% from 2020 to 2027

Statistic 32

The global last-mile delivery market size was valued at $108.1 billion in 2020

Statistic 33

The last-mile delivery market is expected to grow at a CAGR of 20.3% from 2021 to 2028

Statistic 34

The global autonomous last-mile delivery market size was valued at $11.13 billion in 2021

Statistic 35

The autonomous last-mile delivery market is projected to reach $84.72 billion by 2030

Statistic 36

The global same-day delivery market size was valued at $5.78 billion in 2019

Statistic 37

The same-day delivery market is expected to grow at a CAGR of 20.3% from 2020 to 2027

Statistic 38

The global logistics market size was valued at $7.64 trillion in 2017

Statistic 39

The logistics industry is expected to reach $12.68 trillion by 2023

Statistic 40

The compound annual growth rate (CAGR) of the logistics market is projected to be 6.5% from 2018 to 2023

Statistic 41

The global logistics market share of road transport was 46.4% in 2020

Statistic 42

The global logistics market share of maritime transport was 29.9% in 2020

Statistic 43

The global logistics market share of air transport was 14.9% in 2020

Statistic 44

The global logistics market share of rail transport was 8.8% in 2020

Statistic 45

The global logistics insurance market size was valued at $63.22 billion in 2020

Statistic 46

The logistics insurance market is projected to reach $98.81 billion by 2030

Statistic 47

The global logistics market in FMCG sector was valued at $1.12 trillion in 2019

Statistic 48

The logistics market in FMCG sector is expected to grow at a CAGR of 4.6% from 2020 to 2027

Statistic 49

The global green logistics market size was valued at $1.08 trillion in 2020

Statistic 50

The green logistics market is projected to reach $1.89 trillion by 2030

Statistic 51

The global reverse logistics market size was valued at $635.6 billion in 2020

Statistic 52

The reverse logistics market is projected to reach $958.3 billion by 2028

Statistic 53

The global sustainable logistics market size was valued at $1.08 trillion in 2020

Statistic 54

The sustainable logistics market is projected to reach $1.89 trillion by 2030

Statistic 55

The global electric truck market size was valued at $1.15 billion in 2020

Statistic 56

The electric truck market is projected to reach $14.19 billion by 2027

Statistic 57

Third-party logistics (3PL) market size was valued at $1.027 trillion in 2019

Statistic 58

The 3PL market is expected to expand at a CAGR of 8.5% from 2020 to 2027

Statistic 59

The global contract logistics market size was valued at $215.8 billion in 2020

Statistic 60

The contract logistics market is expected to grow at a CAGR of 5.1% from 2021 to 2028

Statistic 61

The global warehouse automation market size was valued at $15.1 billion in 2019

Statistic 62

The warehouse automation market is expected to grow at a CAGR of 15.3% from 2020 to 2027

Statistic 63

The global logistics real estate market size was valued at $1.07 trillion in 2020

Statistic 64

The logistics real estate market is expected to grow at a CAGR of 7.4% from 2021 to 2028

Statistic 65

The global automated guided vehicle (AGV) market size was valued at $3.39 billion in 2020

Statistic 66

The AGV market is expected to grow at a CAGR of 13.5% from 2021 to 2028

Share:FacebookLinkedIn
Sources

Our Reports have been cited by:

Trust Badges

Summary

  • The global logistics market size was valued at $7.64 trillion in 2017
  • The logistics industry is expected to reach $12.68 trillion by 2023
  • The compound annual growth rate (CAGR) of the logistics market is projected to be 6.5% from 2018 to 2023
  • E-commerce logistics market is expected to grow at a CAGR of 21.2% from 2019 to 2025
  • Third-party logistics (3PL) market size was valued at $1.027 trillion in 2019
  • The 3PL market is expected to expand at a CAGR of 8.5% from 2020 to 2027
  • The global cold chain market size was valued at $233.8 billion in 2020
  • The cold chain market is expected to expand at a CAGR of 14.8% from 2021 to 2028
  • The global warehouse automation market size was valued at $15.1 billion in 2019
  • The warehouse automation market is expected to grow at a CAGR of 15.3% from 2020 to 2027
  • The global freight forwarding market size was valued at $180.66 billion in 2019
  • The freight forwarding market is expected to grow at a CAGR of 3.5% from 2020 to 2027
  • The global last-mile delivery market size was valued at $108.1 billion in 2020
  • The last-mile delivery market is expected to grow at a CAGR of 20.3% from 2021 to 2028
  • The global logistics robots market size was valued at $5.5 billion in 2019

Move over, Beyoncé, theres a new trillion-dollar industry in town - and its the logistics industry! With figures that make even the savviest economist do a double-take, from the jaw-dropping $7.64 trillion market size in 2017 to the projected $12.68 trillion by 2023, its clear that logistics isnt just about moving boxes anymore. Get ready as we dive into the dynamic world of logistics, where the numbers are big, the growth rates are higher than your favorite roller coaster, and the future is delivered faster than you can say next-day shipping.

Automation and Technology

  • The global logistics robots market size was valued at $5.5 billion in 2019
  • The logistics robots market is expected to reach $14.95 billion by 2027
  • The global blockchain in logistics market size was valued at $93.16 million in 2020
  • The blockchain in logistics market is projected to reach $3,272.8 million by 2030
  • The global IoT in logistics market size was valued at $34.5 billion in 2019
  • The IoT in logistics market is expected to reach $63.7 billion by 2026
  • The global digital logistics market size was valued at $17.4 billion in 2020
  • The digital logistics market is projected to reach $46.5 billion by 2025
  • The global logistics automation market size was valued at $50.9 billion in 2020
  • The logistics automation market is expected to reach $88.9 billion by 2026
  • The global logistics robotics market size was valued at $5.5 billion in 2019
  • The logistics robotics market is expected to reach $14.95 billion by 2027
  • The global drone logistics and transportation market size was valued at $11.20 billion in 2021
  • The drone logistics and transportation market is projected to reach $31.84 billion by 2031
  • The global logistics analytics market size was valued at $16.7 billion in 2020
  • The logistics analytics market is expected to reach $29.6 billion by 2025
  • The global smart logistics market size was valued at $15.8 billion in 2020
  • The smart logistics market is expected to reach $29.4 billion by 2026
  • The global logistics automation market size was valued at $50.9 billion in 2020
  • The logistics automation market is expected to reach $88.9 billion by 2026

Interpretation

In a world where numbers seem to be doing more heavy lifting than actual boxes, the logistics industry is gearing up for a transformation akin to a high-speed delivery drone zipping through the skies. With market sizes skyrocketing faster than a next-day air shipment, it's clear that robots, blockchain, IoT, digital technology, and automation are the new superheroes of the supply chain universe. As drones plot their course and analytics dig deep into data, it's not just about getting from point A to point B anymore—it's about doing it smarter, faster, and with a touch of high-tech finesse. So buckle up, fellow earthlings, because this logistics revolution is no longer science fiction—it's real, it's here, and it's shipping up to be one heck of a ride.

Cold Chain Logistics

  • The global cold chain market size was valued at $233.8 billion in 2020
  • The cold chain market is expected to expand at a CAGR of 14.8% from 2021 to 2028
  • The global pharmaceutical logistics market size was valued at $76.4 billion in 2020
  • The pharmaceutical logistics market is expected to grow at a CAGR of 8.5% from 2021 to 2028
  • The global food logistics market size was valued at $160.26 billion in 2019
  • The food logistics market is expected to grow at a CAGR of 8.3% from 2020 to 2027

Interpretation

In a world where the only thing colder than a frozen pizza is the cold hard cash fueling the logistics industry, the numbers speak for themselves. With the global cold chain market set to sizzle at a sizzling 14.8% CAGR, it's clear that keeping things cool is hotter than ever. Meanwhile, the pharmaceutical and food logistics sectors are cooking up their own growth recipes, with pharma poised to pop at an 8.5% clip and food set to simmer at 8.3%. So, whether you're schlepping vaccines or slinging steaks, one thing's for sure: in the high-stakes game of global logistics, it's all about keeping your cool while the market heats up.

E-commerce Logistics

  • E-commerce logistics market is expected to grow at a CAGR of 21.2% from 2019 to 2025
  • The global cross-border B2C e-commerce market size was valued at $780 billion in 2019
  • The cross-border B2C e-commerce market is expected to grow at a CAGR of 27.4% from 2020 to 2027

Interpretation

In the fast and furious world of e-commerce logistics, the numbers are certainly painting a picture of explosive growth and border-hopping success. With a projected CAGR that would make even the most ambitious start-up envious, it seems that the logistics industry is embarking on a thrilling journey at breakneck speed. The global cross-border B2C market is proving to be a behemoth, with its eye-watering value reminiscent of a winning lottery ticket. As we set sail into the uncharted waters of the future, one thing is crystal clear - the logistics industry is not content with just delivering the goods; it's aiming to revolutionize the very way we shop and ship on a global scale. Hold onto your hats, folks - the e-commerce logistics rollercoaster is just getting started!

Freight Forwarding

  • The global freight forwarding market size was valued at $180.66 billion in 2019
  • The freight forwarding market is expected to grow at a CAGR of 3.5% from 2020 to 2027

Interpretation

The logistics industry, the unsung hero of global trade, continues to navigate choppy waters with finesse and agility. With the global freight forwarding market valued at a robust $180.66 billion in 2019 and projected to grow at a commendable CAGR of 3.5% from 2020 to 2027, it's clear that this sector is the backbone of seamless supply chains worldwide. As businesses strive to reach new markets and consumers demand faster delivery times, the logistics industry proves yet again that it's the real MVP of the commercial world – always on the move, never missing a beat.

Last-Mile Delivery

  • The global last-mile delivery market size was valued at $108.1 billion in 2020
  • The last-mile delivery market is expected to grow at a CAGR of 20.3% from 2021 to 2028
  • The global autonomous last-mile delivery market size was valued at $11.13 billion in 2021
  • The autonomous last-mile delivery market is projected to reach $84.72 billion by 2030
  • The global same-day delivery market size was valued at $5.78 billion in 2019
  • The same-day delivery market is expected to grow at a CAGR of 20.3% from 2020 to 2027

Interpretation

In the ever-evolving dance of supply chains and consumer demands, the logistics industry is truly hitting its stride. The numbers speak for themselves: last-mile delivery is sprinting ahead, with a projected 20.3% growth rate that could make even the fastest marathon runner jealous. And let's not forget about the autonomous delivery vehicles joining the race, with their market size set to shift gears from $11.13 billion in 2021 to a hefty $84.72 billion by 2030. As for those demanding instant gratification, the same-day delivery market is not one to be left behind, poised for a robust journey at the same 20.3% pace. It's a thrilling ride for an industry that knows how to deliver the goods, literally and figuratively.

Market Size and Growth

  • The global logistics market size was valued at $7.64 trillion in 2017
  • The logistics industry is expected to reach $12.68 trillion by 2023
  • The compound annual growth rate (CAGR) of the logistics market is projected to be 6.5% from 2018 to 2023
  • The global logistics market share of road transport was 46.4% in 2020
  • The global logistics market share of maritime transport was 29.9% in 2020
  • The global logistics market share of air transport was 14.9% in 2020
  • The global logistics market share of rail transport was 8.8% in 2020
  • The global logistics insurance market size was valued at $63.22 billion in 2020
  • The logistics insurance market is projected to reach $98.81 billion by 2030
  • The global logistics market in FMCG sector was valued at $1.12 trillion in 2019
  • The logistics market in FMCG sector is expected to grow at a CAGR of 4.6% from 2020 to 2027

Interpretation

With the global logistics industry growing at a pace that would make even the most seasoned sprinter envious, it's clear that the wheels of commerce are turning faster than ever before. As road transport continues to dominate the scene like a show-stopping diva, maritime, air, and rail transport are not far behind, each vying for their moment in the spotlight. And let's not forget the insurance market, guarding these precious shipments with a watchful eye and a hefty price tag. As the FMCG sector jumps on board this logistical rollercoaster, we can only brace ourselves for the exhilarating ride ahead, knowing that in this fast-paced world, logistics truly does make the world go 'round - and 'round and 'round.

Sustainable Logistics

  • The global green logistics market size was valued at $1.08 trillion in 2020
  • The green logistics market is projected to reach $1.89 trillion by 2030
  • The global reverse logistics market size was valued at $635.6 billion in 2020
  • The reverse logistics market is projected to reach $958.3 billion by 2028
  • The global sustainable logistics market size was valued at $1.08 trillion in 2020
  • The sustainable logistics market is projected to reach $1.89 trillion by 2030
  • The global electric truck market size was valued at $1.15 billion in 2020
  • The electric truck market is projected to reach $14.19 billion by 2027

Interpretation

The numbers speak volumes: the logistics industry is not just about moving things efficiently anymore, it's about moving things sustainably. With the green logistics market skyrocketing to $1.89 trillion by 2030 and the sustainable logistics market following suit, it's clear that businesses are not just chasing profits, but also chasing a greener footprint. And let's not forget about the reverse logistics market, which is not just about taking things back, but also about moving towards a circular economy. With the electric truck market on the rise, it seems the industry is not just electrifying its vehicles, but also electrifying its future. The wheels of progress are turning, and they're turning green.

Third-Party Logistics

  • Third-party logistics (3PL) market size was valued at $1.027 trillion in 2019
  • The 3PL market is expected to expand at a CAGR of 8.5% from 2020 to 2027
  • The global contract logistics market size was valued at $215.8 billion in 2020
  • The contract logistics market is expected to grow at a CAGR of 5.1% from 2021 to 2028

Interpretation

The logistics industry seems to be on a never-ending journey of growth and expansion, with statistics showing more zeros than a game of Minesweeper. With third-party logistics (3PL) market size valued at a whopping $1.027 trillion in 2019 and the contract logistics market not far behind at $215.8 billion in 2020, it's clear that moving things from point A to point B is big business. And with projected compound annual growth rates (CAGR) that make your average stock market investor weak in the knees, it seems like the only thing slowing down in this industry is the delivery trucks stuck in rush hour traffic.

Warehouse Automation

  • The global warehouse automation market size was valued at $15.1 billion in 2019
  • The warehouse automation market is expected to grow at a CAGR of 15.3% from 2020 to 2027
  • The global logistics real estate market size was valued at $1.07 trillion in 2020
  • The logistics real estate market is expected to grow at a CAGR of 7.4% from 2021 to 2028
  • The global automated guided vehicle (AGV) market size was valued at $3.39 billion in 2020
  • The AGV market is expected to grow at a CAGR of 13.5% from 2021 to 2028

Interpretation

In a whirlwind of efficiency and innovation, the logistics industry is gearing up for a revolution that would have even the Flash catching his breath. With warehouse automation, logistics real estate, and the rise of automated guided vehicles (AGVs) on the horizon, it seems like the future of logistics is not just fast, but furious. The numbers speak for themselves, showing impressive growth rates that would make any math enthusiast do a double-take. So buckle up, because it looks like the logistics industry is about to hit the accelerator and zoom into the future at breakneck speed.

References