The logistics industry has been growing at a rapid pace in recent years, and the global logistics market is expected to reach a value of USD 13.77Tn by 2028, witnessing a Compound Annual Growth Rate (CAGR) of 6.23% during the forecast period 2023-2028. The rising ecommerce and reverse logistics operations, trade-related agreements, and tech-driven logistics services are the major market dynamics propelling the growth of this market.
Restraints of the market
However, the lack of control of manufacturers on logistics service providers is one of the biggest restraints of the market. Further, the lack of advanced infrastructure in developing countries poses a significant challenge to growth opportunities.
Opportunities present in the market
Nevertheless, there are ample opportunities in the market with growing demand for logistics automation across industries and the introduction of self-driving and drones in logistics. These technologies are expected to bring efficiency in supply chain management by reducing overall costs and improving delivery times.
Segmentation of the market
The global logistics market is divided into various segments based on transport, logistic type, customer type, end-user, and geography. The report offers an in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
Competitive quadrant
The report includes a competitive quadrant to analyze and evaluate companies based on their industry position score and market performance score. Some of the prominent players mentioned in this report include A.P MollerMaersk, Americold Logistics LLC, Bollore Group, DB Schenker AG, Expeditors International of Washington Inc., FedEx Corp., among others.
Ansoff Matrix analysis
The report also presents a detailed Ansoff Matrix analysis for the Global Logistics Market, which can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification.
Regulatory scenario
The report offers a comprehensive understanding of the regulatory scenario in the industry, which helps in making well-informed decisions. The report also discusses major regulatory bodies and major rules and regulations imposed in this sector across various geographies. The impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
Global Logistics Advisory Market Growth
In addition to the global logistics market, the report also covers the growth of the logistics advisory market. According to the report, the global Logistics Advisory Market is projected to grow at a CAGR of % from 2023 to 2026. The market is segmented by application (air logistics, ocean logistics, truck logistics, parcel freight logistics, vendor selection & contract negotiation), type (installation, training, customization, application integration, support & maintenance), and geography (North America, South America, Europe, Asia Pacific, MEA).
The Logistics Advisory Market 2023 Report provides technical and financial details of the industry and is a comprehensive market research study. The report analyzes key factors affecting market growth, including demand-supply scenarios, pricing structure, profit margins, production, and value chain analysis.
Major players in the Logistics Advisory market are Logistics Executive Group, JUSDA Europe Global Customs Compliance Ltd., Ports & Logistics Advisory (PLA), Bain & Company, Cushman & Wakefield Rhenus Logistics McKinsey & Company Booz Allen Hamilton BAE Systems Boeing Lockheed Martin Raytheon Deloitte Boston Consulting Group.
Logistics Advisory Services (LAS) offers knowledge and expertise to assist companies in the market. The report covers competitive analysis of the market and provides insight into budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Logistics Advisory Market.
E-commerce logistics market report
The report also discusses the Global E-commerce Logistics Market for 2022-2027, which is expected to grow at a CAGR of 7.9% and reach a value of €451,239.3m in 2023. The market is segmented into domestic, cross-border, fulfillment, and last mile, with growth and market share data provided for each segment.
North America is now the largest regional ecommerce logistics market, while domestic represents 84% of the total market and is the largest market in all three major regions. Crossborder shopping appears to be more popular in regions characterized as developing.
Automation is rapidly becoming a key success factor in ecommerce logistics. Furthermore, 3PLs are securing ecommerce logistics capabilities through the acquisition of smaller, specialist providers. The report answers pivotal questions about market performance, regional and segment growth, M&A activity, optimization of last-mile providers’ networks, warehouse automation suppliers, and e-commerce logistics technology evolution.
In conclusion, the global logistics industry is experiencing unprecedented growth with ample opportunities but significant challenges as well. The sector’s growing significance has led to increased government attention in terms of regulations on safety and security.
Overall, global logistics advisory services and industry experts are critical for companies looking to navigate this ever-changing landscape successfully. Companies need to be proactive and adaptable towards new trends and technologies that will shape the future of logistics.
Image Source: Wikimedia Commons
