Logistics market size to grow by USD 71.96 billion from 2021 to 2026: Use of blockchain with logistics to be a leading trend- Technavio

NEW YORK, Feb. 16, 2023 /PRNewswire/ -- According to Technavio, the global logistics market size is estimated to grow by USD 71.96 billion from 2021 to 2026. The market is estimated to grow at a CAGR of 1.39% during the forecast period. Moreover, the growth momentum will accelerate. APAC will account for 60% of the market's growth. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the market, request a sample report.

Global logistics market - Five forces
The global logistics market is fragmented, and the five forces analysis covers– 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For an interpretation of Porter's five forces model – Buy the report!

Global logistics market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global logistics market - Segmentation assessment

Segment overview
Technavio has segmented the market based on end-user (consumer goods, automotive, food and beverage, healthcare, and others). 

• The consumer goods segment will account for a significant share of the market's growth during the forecast period. This segment is dominated by household appliances such as refrigerators and air conditioners, followed by washing machines and other appliances. Consumer are classified into slow-moving consumer goods (SMCGs) and slow-moving consumer goods (FMCGs). Companies use logistics services to deliver products to retail stores and other customers. These factors will drive the growth of this segment during the forecast period.

Geography overview
Based on geography, the global logistics market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global logistics market.

• APAC will account for 60% of the market's growth during the forecast period. China, Japan, and India are the key contributors to the logistics market in the region. Moreover, market growth in this region will be faster than the growth of the market in other regions. The presence of a large consumer base for both food and beverage and healthcare product suppliers will drive the logistics market growth in APAC during the forecast period.

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Global logistics market – Market dynamics
Key factor driving market growth

• The increasing cross-border trade is driving the logistics market growth.
• Cross-border trade includes the sales and purchase of goods and services across international land borders.
• The increasing cross-border trade is leading to a rise in the number of trade corridors.
• Logistics services are used to transport products such as fruits, vegetables, and others of desired quality.
• Thus, with the rise in cross-border trade, the demand for logistics will increase, which, in turn, will drive the growth of the logistics market during the forecast period.

Leading trends influencing the market 

• The use of blockchain with logistics is a key trend in the market.
• Blockchain increases the visibility of operations and helps track products effectively.
• It also improves security, as each transaction is recorded and validated by an independent third party.
• Therefore, vendors are partnering with blockchain technology providers to develop platforms that will further increase security and transparency in the logistics industry.
• Such developments will support the growth of the global logistics market during the forecast period.

Major challenges hindering market growth

• Concerns regarding hacking of drones are hindering the logistics market growth.
• Drones can be wirelessly hijacked, stolen, or manipulated to gain unauthorized access to highly sensitive data or information.
• Communication or GPS signals that guide or control delivery drones can be jammed by a denial-of-service attack to alter the right navigation route.
• They can also be intercepted before reaching the destination point.
• Thus, concerns regarding delivery drones are affecting the demand for drone delivery, which poses a significant challenge to vendors.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this logistics market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the logistics market between 2022 and 2026
• Precise estimation of the size of the logistics market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the logistics market across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Logistics Market vendors

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Related Reports:

The chemical logistics market is estimated to grow at a CAGR of 3.65% between 2022 and 2027. The size of the market is forecasted to increase by USD 53.66 billion. This report extensively covers market segmentation by service (transportation, warehousing, and others), end-user (chemical industry, pharmaceutical industry, specialty chemical industry, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

The reverse logistics market is estimated to grow at a CAGR of 7.8% between 2022 and 2027. The size of the market is forecasted to increase by USD 324.23 billion. This report extensively covers market segmentation by type (recalls, commercial and B2B returns, repairable returns, end-of-use returns, and end-of-life returns), end-user (e-commerce, retail, automotive, healthcare, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

Browse for Technavio's industrials market reports

Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments 
• Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 26: Chart on Comparison by End-user
• Exhibit 27: Data Table on Comparison by End-user

• 5.3 Consumer goods - Market size and forecast 2021-2026
• Exhibit 28: Chart on Consumer goods - Market size and forecast 2021-2026 ($ billion)
• Exhibit 29: Data Table on Consumer goods - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Chart on Consumer goods - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Consumer goods - Year-over-year growth 2021-2026 (%)

• 5.4 Automotive - Market size and forecast 2021-2026
• Exhibit 32: Chart on Automotive - Market size and forecast 2021-2026 ($ billion)
• Exhibit 33: Data Table on Automotive - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Chart on Automotive - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Automotive - Year-over-year growth 2021-2026 (%)

• 5.5 Food and beverage - Market size and forecast 2021-2026
• Exhibit 36: Chart on Food and beverage - Market size and forecast 2021-2026 ($ billion)
• Exhibit 37: Data Table on Food and beverage - Market size and forecast 2021-2026 ($ billion)
• Exhibit 38: Chart on Food and beverage - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Food and beverage - Year-over-year growth 2021-2026 (%)

• 5.6 Healthcare - Market size and forecast 2021-2026
• Exhibit 40: Chart on Healthcare - Market size and forecast 2021-2026 ($ billion)
• Exhibit 41: Data Table on Healthcare - Market size and forecast 2021-2026 ($ billion)
• Exhibit 42: Chart on Healthcare - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Healthcare - Year-over-year growth 2021-2026 (%)

• 5.7 Others - Market size and forecast 2021-2026
• Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ billion)
• Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
• Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by End-user 
• Exhibit 48: Market opportunity by End-user ($ billion)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 50: Chart on Market share by geography 2021-2026 (%)
• Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 52: Chart on Geographic comparison
• Exhibit 53: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026
• Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 70: Chart on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 71: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 72: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026
• Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 US - Market size and forecast 2021-2026
• Exhibit 78: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 79: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 80: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026
• Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026
• Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 Canada - Market size and forecast 2021-2026
• Exhibit 90: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
• Exhibit 91: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
• Exhibit 92: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 93: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.13 India - Market size and forecast 2021-2026
• Exhibit 94: Chart on India - Market size and forecast 2021-2026 ($ billion)
• Exhibit 95: Data Table on India - Market size and forecast 2021-2026 ($ billion)
• Exhibit 96: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 97: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.14 Market opportunity by geography 
• Exhibit 98: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 99: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 100: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 101: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 102: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 103: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 104: Matrix on vendor position and classification

• 10.3 C.H. Robinson Worldwide Inc. 
• Exhibit 105: C.H. Robinson Worldwide Inc. - Overview
• Exhibit 106: C.H. Robinson Worldwide Inc. - Business segments
• Exhibit 107: C.H. Robinson Worldwide Inc. - Key news
• Exhibit 108: C.H. Robinson Worldwide Inc. - Key offerings
• Exhibit 109: C.H. Robinson Worldwide Inc. - Segment focus

• 10.4 Deutsche Bahn AG 
• Exhibit 110: Deutsche Bahn AG - Overview
• Exhibit 111: Deutsche Bahn AG - Business segments
• Exhibit 112: Deutsche Bahn AG - Key offerings
• Exhibit 113: Deutsche Bahn AG - Segment focus

• 10.5 DSV Panalpina AS 
• Exhibit 114: DSV Panalpina AS - Overview
• Exhibit 115: DSV Panalpina AS - Business segments
• Exhibit 116: DSV Panalpina AS - Key offerings
• Exhibit 117: DSV Panalpina AS - Segment focus

• 10.6 FedEx Corp. 
• Exhibit 118: FedEx Corp. - Overview
• Exhibit 119: FedEx Corp. - Business segments
• Exhibit 120: FedEx Corp. - Key offerings
• Exhibit 121: FedEx Corp. - Segment focus

• 10.7 J.B. Hunt Transport Services Inc. 
• Exhibit 122: J.B. Hunt Transport Services Inc. - Overview
• Exhibit 123: J.B. Hunt Transport Services Inc. - Business segments
• Exhibit 124: J.B. Hunt Transport Services Inc. - Key offerings
• Exhibit 125: J.B. Hunt Transport Services Inc. - Segment focus

• 10.8 Kenco Group Inc. 
• Exhibit 126: Kenco Group Inc. - Overview
• Exhibit 127: Kenco Group Inc. - Product / Service
• Exhibit 128: Kenco Group Inc. - Key offerings

• 10.9 Kenco Logistics Pvt. Ltd. 
• Exhibit 129: Kenco Logistics Pvt. Ltd. - Overview
• Exhibit 130: Kenco Logistics Pvt. Ltd. - Product / Service
• Exhibit 131: Kenco Logistics Pvt. Ltd. - Key offerings

• 10.10 Kuehne Nagel International AG 
• Exhibit 132: Kuehne Nagel International AG - Overview
• Exhibit 133: Kuehne Nagel International AG - Business segments
• Exhibit 134: Kuehne Nagel International AG - Key offerings
• Exhibit 135: Kuehne Nagel International AG - Segment focus

• 10.11 United Parcel Service Inc. 
• Exhibit 136: United Parcel Service Inc. - Overview
• Exhibit 137: United Parcel Service Inc. - Business segments
• Exhibit 138: United Parcel Service Inc. - Key offerings
• Exhibit 139: United Parcel Service Inc. - Segment focus

• 10.12 XPO Logistics Inc. 
• Exhibit 140: XPO Logistics Inc. - Overview
• Exhibit 141: XPO Logistics Inc. - Business segments
• Exhibit 142: XPO Logistics Inc. - Key offerings
• Exhibit 143: XPO Logistics Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 144: Inclusions checklist
• Exhibit 145: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 146: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 147: Research methodology
• Exhibit 148: Validation techniques employed for market sizing
• Exhibit 149: Information sources

• 11.5 List of abbreviations 
• Exhibit 150: List of abbreviations

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