Logistics Market to Grow US$ 6.55 Trillion by 2027, CAGR 4.7% During 2022-2027

The latest report by IMARC Group, titled œLogistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, offers a comprehensive analysis of the industry, which comprises insights on the global logistics market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global logistics market reached a value of US$ 4.92 Trillion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.55 Trillion by 2027, exhibiting at a CAGR of 4.7% during 2022-2027. Logistics represents the process of planning and coordinating resources from the point of origin to the point of consumption. This process offers effective and efficient transportation along with the storage of goods and services. Some of the common components of logistics include inventory management, material handling, warehousing, inbound and outbound transportation, etc.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Important Attribute and highlights of the Report:

Global Logistics Market Trends:

The elevating levels of globalization and the growing number of trade agreements are among the primary factors driving the global logistics market. In addition to this, the emerging trend of internet retailing and online shopping is further bolstering the market growth. Moreover, the introduction of several initiatives by government bodies aimed at promoting international trade activities is fueling the demand for logistics to facilitate import and export activities. Apart from this, continuous technological advancements, including the integration of biometrics, GPS tracking, automated material handling equipment, etc., with logistics services, are also positively influencing the global market. Additionally, the expanding e-commerce industry and the elevating number of warehouses as well as storage facilities, are further projected to propel the logistics market in the coming years.

Competitive Landscape:

By IMARC group the report has also analyzed the competitive landscape of the market with some of the top logistics companies being

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Key highlights of the Report:

TOC for the Report:

About IMARC Group

IMARC Group is a leading market research company that offers management strategy and market research worldwide. IMARC Group partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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