Shipping and Logistics Market size was valued at USD 10.5 trillion in 2024 and is forecasted to grow at a CAGR of 4.5% from 2026 to 2033, reaching USD 15.2 trillion by 2033.
In 2023, the global logistics market was valued at approximately USD 8.96 trillion and is projected to reach around USD 21.91 trillion by 2033, reflecting a compound annual growth rate (CAGR) of 9.35% from 2024 to 2033. The Asia Pacific region led the market, accounting for 44.09% of the global revenue share in 2023. Chinas logistics market alone held a 26.1% share within the region, driven by its robust manufacturing sector and extensive transportation infrastructure. North America maintained a significant presence with a 23.9% market share, bolstered by advanced transportation networks and a thriving e commerce sector. Europe also demonstrated strong performance, with its logistics market valued at USD 4.59 trillion in 2023 and a projected CAGR of 8.91% during the forecast period. The Middle East and Africa region is anticipated to register a CAGR of approximately 6% from 2023 to 2031, with significant investments in infrastructure and transportation services, particularly in Gulf countries. Latin America is experiencing growth driven by increasing exports in the agricultural sector and improving logistics performance, with countries like Colombia showing notable advancements. Overall, the global shipping and logistics market is poised for substantial expansion, propelled by technological advancements, infrastructure development, and the escalating demands of international trade.
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Deutsche Post DHL Group
Kuehne + Nagel
DSV
C.H. Robinson
Rhenus
Agility
Allcargo Logistics
APL Logistics
DB Schenker
BDP International
CEVA Logistics
Damco
Expeditors
FedEx Supply Chain
Gati
Hitachi Transport System
Hub Group
Hyundai Glovis
Imperial Logistics
J.B. Hunt
Kerry Logistics
Logwin
Menlo Worldwide Logistics
Mitsubishi Logistics
NFI
Nippon Express
Panalpina
Ryder
Sankyu
UPS
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Shipping and Logistics Market
Road Transportation
Rail Transportation
Air Transportation
Maritime Transport
Supply Chain Management
Freight Forwarding
Last Mile Delivery
Warehousing and Distribution
E-commerce
Retail
Healthcare
Automotive
B2B (Business to Business)
B2C (Business to Consumer)
C2C (Consumer to Consumer)
Traditional Methods
Digital Solutions
Advanced Technologies
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Shipping and Logistics Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Shipping and Logistics Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Shipping and Logistics Market, By Type
6. Global Shipping and Logistics Market, By Application
7. Global Shipping and Logistics Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Shipping and Logistics Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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