Global logistics market to reach $20.1t by 2033
A growing e-commerce market is fuelling the faster expansion of global logistics.
The global logistics market is projected to grow to $20.1t by 2033, reflecting a compound annual growth rate of 7.3% from 2024 to 2033.
According to Allied Market Research’s latest study, e-commerce is one of the factors driving demand for faster and more efficient delivery solutions, including last-mile logistics. Geopolitical factors and global disruptions are also influencing logistics strategies, leading to greater regional diversification.
“Automation, artificial intelligence, and blockchain are enhancing supply chain transparency and efficiency. Sustainability is gaining importance, with companies adopting green logistics, electric vehicles, and carbon-neutral initiatives,” it said.
Thanks to more smart warehouses and a real-time tracking system, operators improve their inventory management.
Some of the top industry players are GEODIS, FedEx, Nippon Express Co., Ltd., DB Schenker, A.P. Moller - Maersk, Kuehne+Nagel, DSV, C.H. Robinson Worldwide Inc., UNITED PARCEL SERVICE OF AMERICA, INC., and Deutsche Post AG.
“They have adopted strategies such as contracts, agreements, acquisitions, and product launches to improve their market positioning,” the analysis said.
