In 2024, the leading logistics players in Southeast Asia was J&T Express, holding a market share of about **** percent. This was followed by SPX Express, with a market share of around **** percent that year.

In 2023, the global logistics market was worth more than *** 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.

The Social Commerce Logistics Market report segments the industry into By Business Model (Business-to-consumer (B2C), Business-to-business (B2B), Consumer-to-consumer (C2C)), By Service (Transportation, Warehousing and Inventory Management, Value-added Services (Labeling and Packaging)), By Product Type (Personal and Beauty Care, and more.), By Sales Channel (Video Commerce, and more.), and By Geography (North America, and more.).

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.

The North America Freight and Logistics Market Report is Segmented by Logistics Function (Courier, Express, and Parcel, Freight Forwarding, Freight Transport, Warehousing and Storage, and Other Services), End User Industry (Agriculture, Fishing, and Forestry, Construction, Manufacturing, Wholesale and Retail Trade, and More), and Geography (United States, Canada, and More). The Market Forecasts are Provided in Terms of Value (USD).

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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Freight Logistics Market Size 2024-2028

The freight logistics market size is forecast to increase by USD 359.2 billion at a CAGR of 6% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing outsourcing of logistics operations and the rising preference for multimodal transportation. The water transport sector, including canals, lakes, and coastal waters, is gaining popularity due to its cost-effectiveness and environmental sustainability. This shift is also benefiting the transportation of goods like medical supplies, where reliable and cost-efficient logistics are crucial. However, high infrastructure costs remain a challenge for market expansion. As demand for multimodal solutions grows, integrating various transport modes, including water transport, becomes increasingly important for improving supply chain efficiency and meeting the needs of industries such as healthcare and pharmaceuticals. To stay competitive, logistics companies must adapt to these trends and overcome infrastructure costs through innovative solutions and partnerships. Water transport offers a promising alternative, with the potential to reduce reliance on roadways and contribute to a more sustainable logistics network.

What will the size of the market be during the forecast period?

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The market is witnessing significant advancements driven by the increasing demand for efficient and cost-effective transportation of goods. This market caters to various industries such as mining, quarrying, agriculture, food, textiles, raw materials, and others. Customer preference for faster delivery times and improved supply chain transparency is leading to the adoption of advanced logistics services. The integration of technology, particularly in the areas of digitization and automation, is transforming the freight logistics landscape. Augmented reality (AR) and artificial intelligence (AI) are two emerging technologies that are revolutionizing the freight logistics sector. AR is being used to enhance the warehouse picking process, enabling faster and more accurate order fulfillment. On the other hand, AI is being employed for predictive maintenance of transportation equipment, optimizing freight routes, and improving inventory management. The rise of online retail networks is also fueling the growth of the market. E-commerce giants require efficient and reliable logistics solutions to meet their customers' demands for quick and convenient delivery.

Further, green logistics solutions are gaining popularity as well, with companies focusing on reducing their carbon footprint and adopting sustainable practices. Freight forwarding and warehousing continue to be key components of the market. Freight forwarders help businesses manage their international and domestic shipments, while warehousing solutions provide storage and distribution services. The integration of technology in these areas is enabling real-time tracking and monitoring of inventory and shipments, leading to improved efficiency and accuracy. In conclusion, the market in North America is undergoing significant changes, driven by customer preferences, technological advancements, and the growing importance of sustainability. The adoption of AR and AI, the rise of e-commerce, and the focus on green logistics solutions are some of the key trends shaping the market. Companies in this sector must stay abreast of these developments to remain competitive and meet the evolving needs of their customers.

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.

Type

  Road
  Maritime
  Rail
  Air


End-user

  Manufacturing
  Automotive
  Consumer goods
  Food and beverage
  Others


Geography

  APAC

    China
    Japan


  North America

    US


  Europe

    Germany
    France


  Middle East and Africa



  South America

By Type Insights

The road segment is estimated to witness significant growth during the forecast period. In the market, the road segment holds the largest share and is expected to maintain its dominance throughout the forecast period. Freight transportation refers to the paid process of moving goods, cargo, and other commodities from one place to another using wheeled vehicles. The freight transportation industry in Indonesia consists of three primary modes: air freight, sea freight, and road freight. Road freight transport is primarily driven by industries such as construction, textiles and apparel, machinery and equipment, electrical items, non-containerized commodities, electronics, and automobiles. The increasing demand for trucking services can be attributed to the expansion of road freight and international freight transportation

According to Cognitive Market Research, the global Shipping and Logistics Market size was USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 11.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held a market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.0% from 2024 to 2031.
Latin America's market has more than 5% of the global revenue with a market size of USD XX million in 2024, and it will grow at a compound annual growth rate (CAGR) of 10.4% from 2024 to 2031.
The Middle East and Africa held the major markets, accounting for around 2% of the global revenue. The market was USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2031.
The Airways held the highest Shipping and Logistics Market revenue share in 2024.

Market Dynamics of Shipping and Logistics Market

Key Drivers of Shipping and Logistics Market

Sustainability Imperative with Growing Environmental Concerns to Boost Market Growth

In the shipping and logistics market, the sustainability imperative emerges as a prominent driver due to growing environmental concerns worldwide. With heightened awareness of climate change, pollution, and carbon emissions, stakeholders in the industry are increasingly pressured to adopt sustainable practices. This imperative extends beyond mere compliance with regulations, as companies recognize the long-term benefits of reducing their environmental footprint. Sustainability initiatives encompass various aspects of operations, including fuel efficiency improvements, adoption of alternative fuels, optimization of transportation routes to minimize emissions, and investment in eco-friendly technologies such as electric vehicles and renewable energy sources. Moreover, sustainability efforts enhance corporate reputation, attract environmentally conscious customers, and mitigate regulatory risks. In response to the imperative of sustainability, shipping and logistics companies are integrating environmental considerations into their business strategies, fostering innovation and collaboration with stakeholders, and driving the transition towards a more environmentally sustainable industry. Embracing sustainability not only aligns with societal expectations but also positions organizations for long-term viability in a rapidly evolving global market.

Technological Advancements in Supply Chain Management to Boost Market Growth

Technological advancements in supply chain management are driving transformative changes within the shipping and logistics market. These innovations encompass a wide array of digital tools and solutions, including blockchain, Internet of Things (IoT) devices, artificial intelligence (AI), and predictive analytics. These technologies enhance visibility, transparency, and efficiency throughout the supply chain by providing real-time tracking of shipments, optimizing route planning and inventory management, and automating routine tasks. Furthermore, they enable better decision-making through data-driven insights and facilitate seamless collaboration among stakeholders, including manufacturers, carriers, and distributors. By streamlining operations, reducing costs, and minimizing risks, technological advancements empower shipping and logistics companies to meet evolving customer expectations for faster delivery, higher accuracy, and improved sustainability. Ultimately, embracing these innovations allows firms to gain a competitive edge in an increasingly complex and dynamic marketplace while driving innovation and resilience across the entire supply chain ecosystem.

Restraint Factors of Shipping and Logistics Market

Industry Grapples with Labor Shortages and Skill Gaps to Limit Market Growth

The shipping and logistics industry faces significant challenges stemming from labor shortages and skill gaps. Demographic shifts, technological advancements, and evolving job preferences contribute to a scarcity of qualified personnel across various roles within the sector. This shortage hampers productivity, impedes recruitment e...

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US Contract Logistics Market Size and Trends

The US contract logistics market size is forecast to increase by USD 8.5 billion at a CAGR of 5.7% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. One major factor is the increasing e-commerce market, which is leading to higher logistics demands and costs. Another trend is the emergence of value-added services, such as innovative packaging and kitting, which can help businesses differentiate themselves and reduce their own internal logistics costs. Additionally, economic diversification and industrialization are creating new opportunities for logistics providers in various industries. Digitization is also playing a crucial role in the market, with the implementation of advanced technologies like automation and robotics helping to streamline operations and improve efficiency. Foreign direct investments are also on the rise, bringing new capital and expertise to the market. However, the market also faces several challenges. These include the need for effective supply chain management and risk management in the face of increasing complexity and uncertainty. High logistics costs remain a significant concern, and insourcing is becoming a more common strategy for some companies looking to reduce their reliance on external logistics providers. In summary, the market is being driven by the growth of e-commerce, the emergence of value-added services, and the impact of digitization and industrialization. However, the market also faces challenges related to supply chain management, risk, and cost control. To remain competitive, logistics providers must stay abreast of these trends and find innovative solutions to meet the evolving needs of their clients.

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The market is witnessing significant growth due to the increasing demand for efficient and cost-effective supply chain solutions. This market caters to various industries, including the e-commerce sector and healthcare logistics, among others. Resource management is a crucial aspect of contract logistics, which involves outsourcing the management of resources, such as warehousing, transportation, and distribution, to third-party providers. This approach enables businesses to focus on their core competencies while reducing logistics costs and improving operational efficiency. Inventory management plays a vital role in contract logistics, ensuring that the right products are available at the right place and time. Artificial intelligence (AI) and big data analytics are transforming inventory management by providing real-time insights into inventory levels, demand patterns, and stock movements. The logistics sector in the US is grappling with high logistics costs, which can be addressed through the adoption of cost-efficient solutions such as route optimization, intelligent transportation, and cloud-integrated logistics. AI and digital payments are revolutionizing the logistics industry by enabling real-time tracking, automation, and seamless transactions. Urbanization is driving the demand for sustainable logistics solutions, as businesses seek to reduce their carbon footprint and comply with regulations. Contract logistics providers are responding to this trend by offering green logistics services, such as electric vehicle fleets and energy-efficient warehouses.

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.

Type

  Outsourcing
  Insourcing


End-USer

  Retail
  Pharmaceutical
  Automotive
  Others


Geography

  US

By Type Insights

The outsourcing segment is estimated to witness significant growth during the forecast period. In today's business landscape, outsourcing logistics functions to third-party providers (3PLs) has become a popular trend among companies looking to reduce high logistics costs and focus on their core competencies. Third-party logistics is a business model where companies outsource their distribution and logistics functions to specialized service providers, known as 3PLs.

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The outsourcing segment was the largest segment and was valued at USD 13.90 billion in 2018. These providers offer various services, including warehousing, transportation, freight forwarding, and value-added services (VAS). VAS include inventory management, cross-docking, kitting and assembling, door-to-door delivery, and innovative packaging solutions. 3PLs play a crucial role in supply chain management by providing operational and strategic value to shippers worldwide. With the increasing industrialization and economic diversification, there is a growing demand for efficient and effective logistics solutions. Hence,

The Freight and Logistics Market Report is Segmented by End User Industry (Agriculture, Fishing, and Forestry, Construction, Wholesale and Retail Trade, and More), by Logistics Function (Courier, Express, and Parcel, Freight Forwarding, Freight Transport, Warehousing and Storage, and Other Services), and Geography (North America, Asia-Pacific, South America, and More). The Market Forecasts are Provided in Terms of Value (USD).

Discover the booming 5PL logistics market! This comprehensive analysis reveals key trends, growth drivers, regional market shares, and leading companies shaping the future of integrated supply chain solutions. Learn about the projected $600 billion market size by 2033 and the impact of AI, blockchain, and e-commerce expansion.

The Central and Eastern European (CEE) freight and logistics industry, while not explicitly detailed in the provided data, exhibits significant growth potential mirroring global trends. Given the overall market size of $126.85 billion and a Compound Annual Growth Rate (CAGR) of 4.05%, we can infer substantial activity within the CEE region. This growth is driven by factors including increasing e-commerce penetration, expanding manufacturing sectors, particularly in automotive and technology, and the region's strategic geographic location connecting East and West. Furthermore, the development of infrastructure projects, such as improved road networks and rail connections, contributes to enhanced efficiency and capacity within the logistics sector. While challenges remain, including infrastructure gaps in some areas and geopolitical uncertainties, the ongoing expansion of the European Union's internal market and the growth of intra-regional trade present significant opportunities. The industry’s segmentation mirrors global patterns, with robust growth anticipated in freight forwarding, warehousing, and value-added services to support the evolving needs of diverse end-user sectors, including manufacturing, automotive, and potentially growing pharmaceutical and healthcare sectors given the region’s skilled workforce and increasing economic development. The CEE region's freight and logistics landscape is characterized by a mix of established multinational players and local companies. The presence of major global logistics providers indicates the region's strategic importance. However, smaller, regionally focused businesses may capture significant market share by specializing in niche segments or providing tailored services catering to local market needs. Competition is likely intense, driving innovation and efficiency improvements throughout the supply chain. Future growth will likely be fueled by further investments in technology, such as digital freight management platforms, and the adoption of sustainable practices to meet increasing environmental concerns. The continued growth of e-commerce and its associated demand for last-mile delivery solutions also presents a significant growth area for logistics companies within the region. Analysis of specific country markets within CEE would provide a more granular understanding of the sector's dynamics and growth trajectory. Recent developments include: August 2022: DB Schenker operated its first charter flight between Europe and South America. The new route would start in the Netherlands and arrive in Brazil with two stopovers in the United States. In South America, direct flights are available to Argentina and Chile., September 2022: IKEA Industry, Volvo Trucks, and Raben Group signed a cooperation agreement on zero-emission heavy goods transport in Poland. IKEA would introduce Volvo heavy-duty electric trucks for internal transport flows at its two IKEA industry factories in Poland, operated by the Raben Group.. Notable trends are: Growing E-commerce Propels Demand for the Logistics Industry.

The global logistics market, valued at $1191.70 billion in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2025 to 2033. This expansion is fueled by several key factors. E-commerce's continued surge necessitates efficient and reliable delivery networks, driving demand for logistics services across all segments. Globalization and the increasing complexity of international supply chains further contribute to market growth. Technological advancements, such as automation in warehousing and the utilization of advanced analytics for route optimization and inventory management, enhance efficiency and reduce costs, thereby stimulating market expansion. The growing need for cold chain logistics to handle temperature-sensitive goods like pharmaceuticals and food products also represents a significant driver of market growth. Furthermore, the increasing adoption of sustainable logistics practices, driven by environmental concerns and regulatory pressures, is reshaping the industry landscape and fostering innovation. Market segmentation reveals significant opportunities across various end-user industries. Consumer goods, automotive, food and beverage, and healthcare sectors are major contributors to market demand. The mode of transportation segment shows diverse growth patterns; roadways currently dominate, but air and rail freight are experiencing growth driven by speed and efficiency requirements, respectively. Regionally, North America and Europe currently hold substantial market shares, but the Asia-Pacific region, particularly China and India, is poised for significant expansion due to rapid economic growth and increasing industrialization. This growth is further intensified by the robust expansion of e-commerce in these regions. Competitive dynamics are shaped by a mix of large multinational corporations and regional players, leading to intense competition and a focus on strategic partnerships and technological innovation to gain a competitive edge. This competitive landscape presents both opportunities and challenges for market entrants and established players alike.

The third-party logistics (3PL) market in North America was roughly sized at 348 billion U.S. dollars. In a 3PL enterprise design, a firm sustains production control, but outsources some or all transport and logistics execution to a fulfillment company. The 3PL market worldwide In 2020, the United States overtook China as the largest 3PL country, with an approximate total revenue of 231.5 billion U.S. dollars. Globally, the 3PL industry generated over 961 billion U.S. dollars in revenue and the the leading 3PL provider based on gross logistics revenue was DHL. The 3PL market in the United States The 3PL industry in the United States kept an exponential growth rate until 2019 when it dropped to 212.8 billion U.S. dollars in revenue. In 2020, C.H. Robinson Worldwide was the leading 3PL provider in the United States, with a gross revenue of just under 15.5 billion U.S. dollars.

Time-Critical Logistics Market Outlook

According to our latest research, the global time-critical logistics market size reached USD 21.8 billion in 2024, reflecting a robust demand for rapid, reliable, and specialized delivery solutions worldwide. The market is expected to grow at a noteworthy CAGR of 9.1% from 2025 to 2033, with the total market value projected to reach USD 47.5 billion by 2033. This impressive growth is primarily driven by the rising need for urgent shipments across industries such as healthcare, automotive, aerospace, and e-commerce, where timely delivery is crucial for operational continuity and customer satisfaction. As per our latest research, the market’s expansion is further fueled by advancements in transportation technology and the increasing globalization of supply chains.

One of the primary growth factors for the time-critical logistics market is the escalating demand from the healthcare and pharmaceuticals sector. The need for swift and secure transportation of medical supplies, vaccines, organs, and critical lab samples has surged post-pandemic, compelling logistics providers to innovate and invest in specialized services. The integration of advanced tracking systems, temperature-controlled packaging, and dedicated transport modes has enabled the industry to meet stringent regulatory requirements and ensure the integrity of sensitive shipments. Furthermore, the rise in clinical trials and the global distribution of high-value pharmaceuticals have intensified the need for time-definite logistics, positioning this market segment as a significant revenue contributor.

The rapid proliferation of e-commerce and the increasing adoption of just-in-time (JIT) manufacturing processes have also played a pivotal role in driving the growth of the time-critical logistics market. E-commerce giants and retailers are under constant pressure to meet customer expectations for same-day or next-day delivery, necessitating highly efficient and responsive logistics networks. Similarly, manufacturers across automotive and electronics sectors rely on time-critical logistics to avoid costly production downtimes and maintain lean inventories. The growing emphasis on minimizing lead times and optimizing supply chain efficiency is prompting businesses to partner with specialized logistics providers, further stimulating market expansion.

Technological advancements and digitalization are transforming the landscape of the time-critical logistics market. The integration of real-time shipment tracking, artificial intelligence, and predictive analytics is enabling logistics companies to enhance route optimization, improve delivery accuracy, and provide proactive customer communications. These innovations are not only streamlining operations but also increasing transparency and trust among end-users. Additionally, the emergence of autonomous vehicles, drones, and blockchain technology is expected to revolutionize time-critical deliveries, offering new opportunities for market players to differentiate their services and capture greater market share.

From a regional perspective, North America currently dominates the time-critical logistics market, owing to its advanced infrastructure, high concentration of key industries, and early adoption of cutting-edge logistics solutions. Europe follows closely, driven by stringent regulatory frameworks and a strong presence of pharmaceutical and automotive sectors. The Asia Pacific region is poised for the fastest growth, fueled by expanding manufacturing hubs, rising healthcare investments, and booming e-commerce activities. Latin America and the Middle East & Africa are also witnessing steady growth, supported by improving connectivity and increasing cross-border trade. Overall, the global market is set to benefit from the ongoing digital transformation and the relentless pursuit of efficiency and reliability in time-sensitive supply chains.

Service Type Analysis

The service type segment of the time-critical logistics

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.

The global logistics software market size is projected to grow from USD 19.39 billion in 2025 to USD 39.66 billion by 2033, exhibiting a CAGR of 9.36%.
Report Scope:

The United States E-Commerce Logistics Market Report is Segmented by Service (Transportation, Warehousing & Fulfilment, and More), Business Model (B2C, B2B, C2C), Destination (Domestic, Cross-Border), Delivery Speed (Same-Day, Next-Day, Standard, Others), Product Category (Foods & Beverages, Personal & Household Care, Fashion & Lifestyle, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The past five years have brought pronounced volatility and measured growth to the US Freight Packing and Logistics Services industry. Global economic events, trade policy shifts and evolving consumer behavior have reshaped the operating environment. One of the most significant drivers has been the shift toward e-commerce and digital retail that accelerated during the current period, generating sustained demand for specialized packing and logistics services even during periods of manufacturing contraction and market uncertainty. At the same time, in 2025 companies have contended with reduced industrial output, high inventory levels driven by tariff uncertainty and marked swings in freight rates. Despite these headwinds, profit is projected to have improved from a 6.5% share of industry revenue in 2020 to 7.7% in 2025, helped by strategic consolidation and effective cost management. The industry also grew at an estimated rate of 0.6% in the last five years, with revenue set to rise 2.9% to $4.0 billion in 2025. The competitive environment for this industry has undergone a transformation due to rising borrowing costs during the period, ongoing technological advancement and heightened consolidation. Federal Reserve interest rate hikes to combat pandemic-induced inflation between 2022 and 2024 raised the cost of capital and made automation projects more expensive, placing greater emphasis on labor expansion and workforce efficiency. These conditions initially constrained profit as labor costs rose, but the industry-wide consolidation allowed larger logistics providers to broaden their client base, streamline operations and reinforce pricing power. Larger, well-insulated freight packing companies have invested in digital platforms and warehouse robotics, gradually reaping benefits to cost structure and service quality. These providers have improved profit, despite subdued revenue growth in the wider industry. The outlook for the Freight Packing and Logistics Services industry remains positive, as US monetary policy has begun to ease in the second half of 2025. Anticipated rebounds in consumer spending, industrial production and trade activity will prompt renewed growth in core and specialized logistics services. Technological innovations, ranging from AI-driven management systems to new e-freight standards, will enable productivity gains and new market opportunities. However, innovation may also spur some clients to bring logistics functions in-house. Intense competition and ongoing consolidation will continue to define the logistics sector, as established logistics providers seek to expand service portfolios and access emerging markets through acquisition. Over the next five years, industry revenue is forecast to expand at a CAGR of 2.8%, reaching an estimated $4.5 billion by 2030; while industry-wide profit is expected to rise to 8.3% of revenue.

This statistic shows the market share of companies of temperature-controlled warehouses in the United States as of June 2020. During that time, Lineage Logistics was the market leader in the U.S., with ** percent of the market, followed closely by Americold, with **** percent of the market after the acquisition of Agro Merchants Group.