Market Overview
The logistics and supply chain market was valued at USD 9.66 billion in 2024 and is projected to reach USD 15.65 billion by 2032, growing at a CAGR of 6.22% over 2025–2032. As global commerce expands and consumer expectations for fast, transparent, and flexible delivery rise, the sector is undergoing rapid transformation. Real-time tracking, AI-driven forecasting, and IoT-enabled inventory control are becoming standard. Growing e-commerce activity, coupled with the push for sustainable last-mile delivery and cold chain logistics, continues to redefine how businesses move goods. In particular, innovations like automated warehouses, electric delivery fleets, and drone-assisted deliveries are significantly improving speed, reducing costs, and boosting resilience across supply chains.
Key Players
Key companies driving innovation and growth include DHL Supply Chain & Global Forwarding, Kuehne + Nagel, DB Schenker, FedEx, UPS, XPO Logistics, C.H. Robinson, Maersk Logistics, DSV A/S, and Nippon Express Holdings. These firms are heavily investing in automation, digital platforms, and green logistics to enhance efficiency and sustainability.
Market Segmentation
- By Transportation Mode: Road transport leads with a 45.17% market share, favored for its flexibility in last-mile delivery. However, maritime logistics is the fastest-growing segment due to rising global trade.
- By Service Type: Transportation services dominate (46.52%), while freight forwarding is growing fastest, driven by cross-border trade complexity.
- By Industry: Retail & e-commerce leads (27.18%) due to surging online orders, while healthcare logistics grows rapidly with cold chain and pharmaceutical delivery needs.
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