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The global logistics market size was valued at USD 11.26 Trillion in 2024. The industry is expected to grow at a CAGR of 6.30% during the forecast period of 2025-2034 to reach a valuation of USD 20.74 Trillion by 2034.
The global logistics market is a backbone of international trade and commerce, facilitating the movement of goods across countries and continents. Its significance lies in enabling supply chain efficiency, reducing delivery times, and lowering operational costs for businesses. As per the data by World Trade Organization (WTO), global merchandise trade volume grew 2.6% in 2024 and is expected to grow 3.3% in 2025. With globalisation and e-commerce growth, logistics has become essential for meeting consumer expectations of fast, reliable, and cost-effective delivery. This sector supports multiple industries, from manufacturing to retail, and directly influences economic development and competitiveness worldwide.
Additionally, investments in roads, railways, aviation, shipping, and inland waterways play a crucial role in boosting the demand of logistics market. In May 2025, in Africa, Ivory Coast's port operator is investing over €60 million to develop inland logistics hubs in regions like Ferkessedougou, Bouaké, and San Pedro. This initiative seeks to decentralize logistics operations, alleviate congestion at the Abidjan port, and strengthen the country's role as a regional transport hub for landlocked nations.
Governments all throughout the world are starting to impose emission limits, carbon taxes, and incentives for the adoption of environmentally friendly technologies. The Carbon Border Adjustment Mechanism (CBAM), which levies a carbon tax on imported commodities based on their carbon intensity, was put into place by the European Union in 2023. Other factors that are predicted to positively influence the logistics market revenue include constant technological advancements, the integration of biometrics, increasing international trade agreements, Bluetooth, driverless vehicle, GPS, and drone delivery.
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The Freight And Logistics Market report segments the industry into End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, and more), Logistics Function (Courier, Express, and Parcel (CEP), Freight Forwarding, and more), and Region (Africa, Asia Pacific, and more). The report covers market value and volume analysis and more.
In 2020, the global logistics market was worth almost *** trillion U.S. dollars. North America was the second largest region in that year, accounting for approximately *** trillion U.S. dollars. Logistics in Asia-Pacific With roughly *** trillion U.S. dollars in size, the logistics market in the Asia Pacific region is the largest one globally. The Asia-Pacific region has the most postal offices in the world as well. The leading position of the region in the logistics industry could be explained mostly because of the importance of the region in supplying most of the necessary trade goods globally. Since it was highly cost-effective for western companies to start moving the entire production of goods to less-developed countries in Asia, most of the companies today have their entire facilities performing from Asian countries. The expansion of trade routes and the shift of industrial production towards Asian countries contributed to the logistic market’s development immensely. Yet, when one looks at the distribution of leading logistics firms by the origin of the country, the leading firms are non-Asian headquartered. Besides, the Asia Pacific region has the world’s largest ports which grow at a continuous rate. PSA International, Hutchison Port Holdings, China Cosco Shipping and China Merchants Ports are four major marine terminal operators from the region. PSA International Singapore-based marine terminal operator, PSA International was founded in 1964 and improved its global reach strategically since then. For instance, PSA International was the leading marine terminal operator globally in 2019. During that period, the company handled some **** million twenty-foot equivalent units (TEUs) during that period. The marine operator experienced a slump in its assets between 2009 and 2015. Yet, since 2016, the company recovered its level of assets held and by 2020 reaching its peak value of over **** billion Singapore dollars. On the other hand, the revenue generated by PSA International has not recovered its peak value from 2011. Between 2009 and 2020 fiscal years, PSA International’s revenue fluctuated around **** billion Singapore dollars, generating just over *** billion Singapore dollars in the fiscal year of 2020.
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[225+ Pages Report] The global logistics market size is expected to grow from USD 4.09 billion in 2022 to USD 12.09 billion by 2030, at a CAGR of 17.1% from 2023-2030
In 2023, the global logistics industry continued to recover from the COVID-19 pandemic hit with a market size of approximately **** trillion U.S dollars. By 2028, the logistics industry scale is projected to exceed ***** trillion U.S dollars.
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The North America Freight And Logistics Market report segments the industry into End User Industry (Agriculture, Fishing, And Forestry, Construction, Manufacturing, Oil And Gas, Mining And Quarrying, Wholesale And Retail Trade, and more), Logistics Function (Courier, Express, And Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing And Storage, and more), and Country. The report includes market value in USD, and more.
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According to Cognitive Market Research, the global Integrated Logistics market size will be USD 125142.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 16.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 50056.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 37542.66 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 28782.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.00% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 6257.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2502.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.7% from 2024 to 2031.
The Roadway category is the fastest growing segment of the Integrated Logistics industry
Market Dynamics of Integrated Logistics Market
Key Drivers for Integrated Logistics Market
The emergence of a variety of technologies, including 5G, artificial intelligence, machine learning, and integrated logistics to Boost Market Growth
AI is actively involved in the development of self-driving or driverless cars, as well as the advancement of other technologies in the logistics supply chain, such as robotics, in order to enhance the overall transportation businesses/logistics industry. Additionally, AI is contributing to the improvement of safety environments for drivers and the optimization of vehicle maintenance and performance. Industry leaders, approximately 60-65%, anticipate that logistics, transportation, and supply chain will necessitate a profound transformation. This is due to the fact that an AI-enabled supply chain can significantly reduce operational costs. AI-enabled supply chain management can reduce logistics costs by 15%, inventory levels by 25%, and service levels by 65%.
Enhanced demand in the e-commerce sector and the integration of logistics management to achieve operational excellence to Drive Market Growth
The eCommerce and logistics sectors have experienced substantial growth as a result of the expanding online purchasing industry and technologically enabled logistics platforms. In recent years, there has been a significant increase in the number of online consumers, and it is anticipated that this number will increase by a factor of two in the years ahead. The global logistics sector's development is facilitated by the adoption of advanced technology that is based on data analytics, which enables to compare several airline shipping prices on one platform. It also enables the selection of the most cost-effective carrier partner based on a variety of key metrics, real-time monitoring, and cloud-calling for order confirmation. It is anticipated that the global logistics market will be driven by the growing e-commerce industry and the development and increased use of integrated logistics management platforms. For instance, as per the World E-Commerce Forum (WORLDEF), the global e-commerce volume is anticipated to surpass USD 6.5 trillion by 2023, USD 5.5 trillion by the conclusion of 2022, and an increase of 14% from $4.9 trillion in 2021. E-commerce's proliferation was additionally stimulated by the COVID-19 pandemic. The India Brand Equity Foundation (IBEF) predicts that the Indian eCommerce market will expand by 21.5% in 2022, reaching a total of $74.8 billion.
Restraint Factor for the Integrated Logistics Market
Uniform governance standards are absent in the fragmented logistics sector, will Limit Market Growth
The absence of governance is one of the most significant obstacles that stands in the way of the broad adoption of digital logistics. A uniform Internet of Things platform is required since the logistics sector is suffering from high levels of fragmentation. Businesses that deal in transportation and logistics all over the world are concentrating their efforts on improving the efficiency of their supply chains in order to maintain their profitability and viability. In order to minimize misu...
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The Brazil Freight And Logistics Market report segments the industry into End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others) and Logistics Function (Courier, Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing and Storage, Other Services).
In the year 2024, the size of the Indian logistics market was around ***** billion U.S. dollars. It was estimated that this market would grow to *** billion dollars in 2029, at a compound annual growth rate of *** percent. India has a higher logistics cost as a percentage of GDP at ** percent.
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The global sales of connected logistics are worth USD 29.73 billion in 2025 and are anticipated to reach a value of USD 97.39 billion by 2035. Sales are projected to rise at a CAGR of 12.6% over the forecast period between 2025 and 2035.
Attributes | Key Insights |
---|---|
Estimated Size, 2025 | USD 29.73 billion |
Projected Size, 2035 | USD 97.39 billion |
Value-based CAGR (2025 to 2035) | 12.6% |
Semi Annual Market Update
Particular | Value CAGR |
---|---|
H1, (2024 to 2034) | 11.3% |
H2, (2024 to 2034) | 11.8% |
H1, (2025 to 2035) | 12.6% |
H2, (2025 to 2035) | 12.9% |
Connected Logistics Market Analyzed by Top Investment Segments
Component | Share (2025) |
---|---|
Devices | 38.6% |
Transportation | CAGR (2025 to 2035) |
---|---|
Connected Logistics for Roadways | 12.9% |
Vertical | CAGR (2025 to 2035) |
---|---|
Healthcare | 14.0% |
Country-wise Insights
Country | Value CAGR (2025 to 2035) |
---|---|
USA | 10.5% |
Germany | 11.2% |
UK | 9.8% |
China | 12.9% |
India | 13.2% |
Logistics Market Size 2025-2029
The logistics market size is forecast to increase by USD 368.4 billion, at a CAGR of 5.3% between 2024 and 2029.
The market is experiencing significant shifts due to the burgeoning e-commerce industry and the rise of omnichannel fulfillment. The increasing reliance on online shopping is placing immense pressure on logistics providers to deliver goods faster and more efficiently than ever before. This trend is driving innovation in areas such as automation, real-time tracking, and last-mile delivery solutions. However, the market also faces considerable challenges. Supply chain disruptions, both natural and man-made, continue to pose a significant threat. Geopolitical tensions, extreme weather events, and cybersecurity breaches can all cause delays and add complexity to the supply chain.
Companies must be agile and adaptable to navigate these challenges and ensure the timely delivery of goods to their customers. To succeed in this dynamic market, logistics providers must focus on building resilient supply chains, investing in technology, and fostering strong partnerships with retailers and other stakeholders.
What will be the Size of the Logistics Market during the forecast period?
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The market continues to evolve, driven by the ever-changing needs of various sectors and the ongoing pursuit of operational efficiency and sustainability. Green logistics, a key focus area, integrates cost optimization and emissions reduction through the adoption of fuel-efficient transportation modes, such as rail freight and intermodal transportation. Freight forwarding and distribution centers play a crucial role in optimizing delivery speed and performance metrics, leveraging advanced technologies like route optimization, delivery optimization, and predictive analytics. Autonomous vehicles and warehouse automation, including conveyor systems and sorting systems, are transforming order fulfillment and inventory management. Business intelligence and data analytics enable supply chain visibility, while fleet management and digital twin technologies enhance fleet performance and maintenance.
Last-mile delivery and third-party logistics (3PL) providers ensure on-time delivery and customized solutions for businesses. Cost optimization is a continuous priority, with cost savings achieved through the use of less-than-truckload (LTL) shipping and truckload shipping, as well as the implementation of barcode scanning and cargo insurance. The integration of blockchain technology and customs brokerage streamlines international trade processes, while inventory control and demand forecasting help minimize stockouts and overstocks. Transportation modes, from air freight to ocean freight, continue to adapt to market demands, with the emergence of new technologies like emissions reduction and digital twin solutions. The logistics landscape remains dynamic, with ongoing innovations in logistics automation, supply chain management, and transportation modes shaping the future of the industry.
How is this Logistics Industry segmented?
The logistics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
End-user
Consumer goods
Automotive
Food and beverage
Healthcare
Others
Mode Of Transportation
Roadways
Waterways
Railways
Airways
Type
Forward logistics
Reverse logistics
Geography
North America
US
Canada
Europe
France
Germany
UK
APAC
Australia
China
India
Japan
South Korea
Middle East and Africa
UAE
South America
Argentina
Brazil
Rest of World (ROW)
By End-user Insights
The consumer goods segment is estimated to witness significant growth during the forecast period.
In the dynamic consumer goods market, various trends and technologies are shaping logistics operations to enhance efficiency and meet customer demands. Fuel efficiency is a critical factor as businesses strive to reduce their carbon footprint and contain costs. Autonomous vehicles and route optimization are transforming truckload and less-than-truckload (LTL) shipping, while blockchain technology ensures secure and transparent supply chain management. Order fulfillment is being automated through conveyor systems and warehouse robotics, and inventory management is aided by data analytics and predictive analytics. Last-mile delivery is a growing challenge, with third-party logistics (3PL) providers and e-commerce platforms collaborating to ensure on-time delivery.
Emissions reduction is a priority, with green logistics in
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Logistics Market valued at US$ 13.43 billion in 2025, is anticipated to reaching US$ 24.09 billion by 2032, with a steady annual growth rate of 8.7%.
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Demand for intelligent logistics is higher than ever before as businesses acknowledge its various benefits. The global smart logistics market is valued at US$ 32.35 billion and is forecasted to expand rapidly at a CAGR of 22.8% to reach a whopping US$ 251.26 billion by 2034-end.
Report Attributes | Details |
---|---|
Smart Logistics Market Size (2024E) | US$ 32.35 Billion |
Forecasted Market Value (2034F) | US$ 251.26 Billion |
Global Market Growth Rate (2024 to 2034) | 22.8% CAGR |
Canada Market Growth Rate (2024 to 2034) | 23.7% CAGR |
China Market Value (2034F) | US$ 44.87 Billion |
North America Market Share (2024E) | 37.5% |
East Asia Market Share (2034F) | 24.1% |
Key Companies Profiled |
|
Country-wise Insights
Attribute | United States |
---|---|
Market Value (2024E) | US$ 8.4 Billion |
Growth Rate (2024 to 2034) | 23.3% CAGR |
Projected Value (2034F) | US$ 68 Billion |
Attribute | China |
---|---|
Market Value (2024E) | US$ 5.62 Billion |
Growth Rate (2024 to 2034) | 23.1% CAGR |
Projected Value (2034F) | US$ 44.87 Billion |
Category-wise Evaluation
Attribute | Infrastructure |
---|---|
Segment Value (2024E) | US$ 7.67 Billion |
Growth Rate (2024 to 2034) | 21.6% CAGR |
Projected Value (2034F) | US$ 61.05 Billion |
Attribute | Software |
---|---|
Segment Value (2024E) | US$ 13.33 Billion |
Growth Rate (2024 to 2034) | 21.9% CAGR |
Projected Value (2034F) | US$ 99.75 Billion |
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The global retail logistics market size was worth over USD 294.33 billion in 2024 and is poised to grow at a CAGR of around 12.7%, reaching USD 1.39 trillion revenue by 2037. Supply Chain Solutions segment is projected to capturen 34.6% industry share, fueled by its beneficial characteristics such as timely delivery, omnichannel optimization, and the growing adoption of cloud.
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The global third-party logistics market has been valued at US$ 1.2 billion in 2024, as revealed in the recently updated industry report by Fact.MR. Worldwide demand for third-party logistics solutions is projected to reach a market value of US$ 2.5 billion by 2034, registering a CAGR of 7.6% from 2024 to 2034.
Report Attribute | Detail |
---|---|
Third-party Logistics Market Size (2024E) | US$ 1.2 Billion |
Forecasted Market Value (2034F) | US$ 2.5 Billion |
Global Market Growth Rate (2024 to 2034) | 7.6% CAGR |
Market Share of International Transportation Management Services (2034F) | 30.2% |
North America Market Share (2034F) | 20.9% |
Japan Market Growth Rate (2024 to 2034) | 8.9% CAGR |
Key Companies Profiled | DSV; Kuehne + Nagel; J.B. Hunt Transport, Inc.; Yusen Logistics Co. Ltd.; DB Schenker Logistics; Nippon Express; Burris Logistics; XPO Logistics, Inc.; CEVA Logistics; FedEx; United Parcel Service of America, Inc.; C.H. Robinson Worldwide, Inc.; BDP International. |
Country-wise Insights
Attribute | United States |
---|---|
Market Value (2024E) | US$ 223.3 Million |
Growth Rate (2024 to 2034) | 6.4% CAGR |
Projected Value (2034F) | US$ 415.3 Million |
Attribute | China |
---|---|
Market Value (2024E) | US$ 257.1 Million |
Growth Rate (2024 to 2034) | 6.7% CAGR |
Projected Value (2034F) | US$ 493.6 Million |
Category-wise Insights
Attribute | Retailing |
---|---|
Segment Value (2024E) | US$ 298.7 Million |
Growth Rate (2024 to 2034) | 7.6% CAGR |
Projected Value (2034F) | US$ 623.3 Million |
Attribute | International Transportation Management |
---|---|
Segment Value (2024E) | US$ 396.7 Million |
Growth Rate (2024 to 2034) | 6.6% CAGR |
Projected Value (2034F) | US$ 753.4 Million |
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Retail Logistics Market Size was USD 540.83 Billion in 2022 and is expected to register a rapid revenue CAGR of 7% during the forecast period.
In 2022, the global reverse logistics market was forecast to reach ***** billion U.S. dollars. By 2029, the reverse logistics market size is expected to exceed *** billion U.S. dollars.
Thailand Logistics Market Size and Trends
The Thailand logistics market size is forecast to increase by USD 14.87 billion at a CAGR of 4% between 2023 and 2028. The market is experiencing significant growth due to the increase in e-commerce and retail industries. Warehousing and distribution have become essential components of this market, as businesses strive to meet increasing consumer demands for faster delivery times. The use of advanced technologies, such as blockchain, is revolutionizing logistics by enhancing transparency and security. However, challenges persist, including longer lead times and supply-demand imbalances. In response, companies are turning to third-party logistics (3PL) and fourth-party logistics (4PL) providers for expertise in conventional logistics, e-commerce logistics, and both forward and reverse logistics. These facilities utilize advanced systems, such as conveyor belts, automated storage and retrieval systems (AS/RS), and robotic arms, to manage inventory and fulfill orders. Domestic and international logistics continue to be crucial areas of focus, with road transportation playing a significant role in ensuring the timely and efficient delivery of consumer electronics and other goods. As the market continues to evolve, staying informed about these trends and challenges is essential for businesses looking to succeed in the logistics industry.
Market Analysis
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The market is undergoing significant transformations, driven by advancements in technology and shifting consumer preferences. These trends are shaping the way businesses manage their supply chains and deliver products to customers. Warehousing is a crucial aspect of logistics, and automation is becoming increasingly prevalent. Automated warehouses are being adopted to streamline operations, reduce labor costs, and improve efficiency. E-commerce is a major catalyst for change in the logistics industry. Online purchases have led to an increase in home delivery facilities and the need for last-mile delivery solutions. Drones and autonomous vehicles are being explored as potential solutions to address the challenges of delivering goods to consumers in an efficient and cost-effective manner. Electric vehicles are gaining popularity in logistics due to their environmental benefits and cost savings. Green logistics solutions are becoming essential as businesses strive to reduce their carbon footprint and meet sustainability goals. Supply chain services are being revolutionized by digital technologies, such as logistics monitoring systems and blockchain. These solutions provide real-time visibility into supply chain operations, enabling businesses to optimize their processes and improve customer satisfaction. The use of IoT-enabled devices and tech-driven logistics is also on the rise. These technologies enable real-time tracking and monitoring of inventory, transportation, and delivery, leading to improved efficiency and accuracy. Inbound and outbound logistics are being transformed by automation and digitalization. Second party logistics providers are leveraging these technologies to offer more value-added services to their clients.
Market Segmentation
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
Application
Transportation
Inventory holding
Administration
End-user
Manufacturing
Automotive
Retail
Healthcare
Others
Geography
Thailand
By Application Insights
The transportation segment is estimated to witness significant growth during the forecast period. Logistics refers to the management of the flow of goods from the point of origin to the destination, encompassing the planning, execution, and control of procurement, transportation, and storage. This crucial aspect of supply chain management includes various services such as freight forwarding and multimodal transport via sea, road, air, and rail.
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The transportation segment was the largest segment and was valued at USD 28.57 billion in 2018. In the retail and e-commerce sectors, particularly for consumer electronics, effective logistics is essential to ensure timely delivery and customer satisfaction. Two primary types of logistics are conventional and e-commerce. Conventional logistics deals with the transportation and storage of goods for businesses with physical retail locations. E-commerce logistics, on the other hand, focuses on the delivery of products directly to consumers. Hence, such factors are fuelling the growth of this segment during the forecast period.
Market Dynamics
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenge
Project Logistics Market Size 2025-2029
The project logistics market size is forecast to increase by USD 51.7 billion at a CAGR of 3.4% between 2024 and 2029.
The market is experiencing significant growth due to several key trends. The increase in the number of construction activities worldwide is driving market demand, as these projects require the transportation and installation of large and heavy equipment. Another trend is the digitization of logistics, which is improving efficiency and reducing costs through the use of technologies such as real-time tracking and automation. Additionally, trends such as driverless vehicles, e-commerce, blockchains, and investment pockets in emerging economies are shaping the logistics ecosystem. However, high investments and operational costs remain challenges for market participants. To mitigate these challenges, companies are exploring innovative solutions such as collaborative logistics and outsourcing to third-party providers. Overall, the market is expected to continue growing, driven by these trends and the need for efficient and cost-effective transportation and installation solutions.
What will be the Size of the Project Logistics Market During the Forecast Period?
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The market encompasses the planning, organization, managing, processing, and controlling of the flow of goods, materials, information, and cargo in the context of large-scale projects, particularly those involving international trade and renewable energy production. Key trends include the adoption of modularization and offsite construction methods, the increasing use of ISO containers for transporting and storing goods, and the integration of technology such as driverless cars and blockchains into logistics ecosystems. Service offerings in this market cater to various industries, including construction companies and production facilities, by managing domestic and overseas logistics costs, ensuring efficient supply chain operations, and providing specialized expertise in handling raw materials and intermediate suppliers.
The market's size and direction reflect the growing demand for complex project logistics solutions in the context of globalization and the shift toward sustainable energy sources.
How is this Project Logistics Industry segmented and which is the largest segment?
The project logistics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Service
Transportation
Warehousing
Others
End-user
Oil and gas/mining/quarrying
Construction
Energy and power
Others
Mode Of Transportation
Road
Rail
Sea
Air
Geography
APAC
China
India
Japan
South Korea
North America
Canada
US
Europe
Germany
UK
Italy
Middle East and Africa
South America
By Service Insights
The transportation segment is estimated to witness significant growth during the forecast period.
The transportation segment holds the largest share in the market, as it is a crucial service offering. Major players in this industry provide customized and specialized transportation solutions tailored to each project or customer's unique requirements. These comprehensive transportation packages ensure timely delivery of shipments, regardless of size. DHL International, a subsidiary of Deutsche Post AG, is an exemplary market participant offering industrial project transportation services, capable of transporting massive shipments weighing up to 1,000 tons across borders or to inaccessible locations. The market caters to various industries, including construction, production, and renewable energy, by managing the flow of goods, materials, information, cargo, and personnel.
Market solutions encompass infrastructure development, organization, planning, scheduling, controlling, and processing. Upgraded fleets, industry-specific services, and competitiveness are key drivers for growth in this sector. Despite domestic and overseas logistics costs, project logistics plays a vital role in job creation and impact analysis, requiring significant initial capital investment.
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The Transportation segment was valued at USD 113.40 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 41% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in APAC is projected to lead the global market
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The United States Freight And Logistics Market report segments the industry into End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, and more) and Logistics Function (Courier, Express, and Parcel (CEP), Freight Forwarding, and more). The report provides market value in USD, market volume for key segments, and more.
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The global logistics market size was valued at USD 11.26 Trillion in 2024. The industry is expected to grow at a CAGR of 6.30% during the forecast period of 2025-2034 to reach a valuation of USD 20.74 Trillion by 2034.
The global logistics market is a backbone of international trade and commerce, facilitating the movement of goods across countries and continents. Its significance lies in enabling supply chain efficiency, reducing delivery times, and lowering operational costs for businesses. As per the data by World Trade Organization (WTO), global merchandise trade volume grew 2.6% in 2024 and is expected to grow 3.3% in 2025. With globalisation and e-commerce growth, logistics has become essential for meeting consumer expectations of fast, reliable, and cost-effective delivery. This sector supports multiple industries, from manufacturing to retail, and directly influences economic development and competitiveness worldwide.
Additionally, investments in roads, railways, aviation, shipping, and inland waterways play a crucial role in boosting the demand of logistics market. In May 2025, in Africa, Ivory Coast's port operator is investing over €60 million to develop inland logistics hubs in regions like Ferkessedougou, Bouaké, and San Pedro. This initiative seeks to decentralize logistics operations, alleviate congestion at the Abidjan port, and strengthen the country's role as a regional transport hub for landlocked nations.
Governments all throughout the world are starting to impose emission limits, carbon taxes, and incentives for the adoption of environmentally friendly technologies. The Carbon Border Adjustment Mechanism (CBAM), which levies a carbon tax on imported commodities based on their carbon intensity, was put into place by the European Union in 2023. Other factors that are predicted to positively influence the logistics market revenue include constant technological advancements, the integration of biometrics, increasing international trade agreements, Bluetooth, driverless vehicle, GPS, and drone delivery.