Global Shipping and Logistics
Market Report
2024
Shipping and Logistics Market size will be USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 11.00% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Shipping and Logistics Market size will be USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 11.00% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
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Market Split by Industry |
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Market Split by Product type |
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Market Split by End User |
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Market Split by Route Types |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Shipping and Logistics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The shipping and logistics market encompasses the intricate network of processes, infrastructure, and services involved in the transportation, storage, and distribution of goods and commodities worldwide. It involves various stakeholders, including shipping companies, freight forwarders, ports, warehouses, and transportation providers, collaborating to facilitate the movement of goods from suppliers to consumers efficiently and cost-effectively.
Key components of the shipping and logistics market include transportation modes such as maritime, air, road, and rail, as well as supporting activities like inventory management, packaging, customs clearance, and tracking systems. This market plays a crucial role in global trade, enabling businesses to access international markets, optimize supply chain operations, and meet customer demands. Rapid globalization, technological advancements, and evolving consumer expectations continuously shape the dynamics of the shipping and logistics industry, driving innovation, efficiency improvements, and the adoption of sustainable practices to address environmental concerns and meet the evolving needs of a connected global economy.
Encompassing factors such as global trade patterns, technological advancements in supply chain management, regulatory changes impacting transportation, infrastructure development, consumer demands for faster delivery times, sustainability initiatives driving eco-friendly practices, geopolitical tensions affecting trade routes, and the rise of e-commerce reshaping distribution network are the major factors influencing the growth of the Shipping and Logistics Market.
In May 2023, Austrian logistics company Cargo-Partner announced that Nippon Express Co., Ltd. will purchase it for up to $150 million. Nippon Express's capacity to provide a range of logistical services between Asia and Europe has been strengthened by the acquisition of Cargo-Partner.
(Source: https://asia.nikkei.com/Business/Business-deals/Nippon-Express-Holdings-to-buy-Austria-s-Cargo-Partner-for-743m)
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 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.
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 efforts, and slows down innovation within shipping and logistics organizations. Furthermore, the complexity of modern supply chains necessitates a skilled workforce capable of handling intricate logistics operations, from warehousing and inventory management to transportation and last-mile delivery. However, the gap between demand and available talent persists, leading to increased competition for skilled workers and higher labor costs. To address this issue, companies are exploring various strategies, including investing in training and development programs, adopting automation and robotics to augment human capabilities, and collaborating with educational institutions and industry partners to cultivate a pipeline of skilled professionals. Nonetheless, overcoming these labor-related challenges remains a critical priority for the shipping and logistics sector to sustain growth and maintain operational efficiency.
The COVID-19 pandemic profoundly impacted the shipping and logistics market, triggering widespread disruptions across supply chains worldwide. Lockdown measures, travel restrictions, and border closures severely constrained the movement of goods, leading to port congestion, vessel delays, and inventory shortages. Fluctuating consumer demand and manufacturing slowdowns further exacerbated challenges, forcing logistics companies to adapt rapidly to volatile market conditions.
Shifts in consumer behavior towards e-commerce also intensified pressure on last-mile delivery networks, necessitating innovative solutions and increased digitalization. While some sectors, like medical supplies and essential goods, experienced heightened demand, others faced sharp declines. Overall, the pandemic underscored the importance of resilience, agility, and technology adoption within the shipping and logistics industry to navigate unprecedented challenges and ensure continuity amidst uncertainty.
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The shipping and logistics market features intense competition among global players vying for market share and innovation leadership. Key competitors include established logistics giants like UPS, FedEx, and DHL, as well as emerging digital disruptors such as Flexport and ShipBob. Competitive strategies focus on technological advancements, network expansion, service differentiation, and sustainability initiatives to meet evolving customer demands and gain competitive advantage.
In May 2023, Austrian logistics company Cargo-Partner announced that Nippon Express Co., Ltd. will purchase it for up to $150 million. Nippon Express's capacity to provide a range of logistical services between Asia and Europe has been strengthened by the acquisition of Cargo-Partner.
(Source: https://www.cargo-partner.com/press/article/notice-of-completion-of-acquisition-of-shares-subsidiarization-of-cargo-partner)
In May 2023, FedEx Express introduced one-stop logistical solutions for dangerous commodities in Cebu. Hazardous Materials are chemicals or products that, if not handled carefully, could endanger human health, public safety, or the environment.
(Source: https://newsroom.fedex.com/fedex-launches-one-stop-shop-logistics-solution-for-dangerous-goods)
Top Companies Market Share in Shipping and Logistics Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. In North America, the shipping and logistics market is robust and dynamic, driven by factors such as extensive trade activity, advanced infrastructure, and technological innovation. Key players in this region benefit from strategic locations, well-developed transportation networks, and efficient supply chain management systems. Major ports along the East and West coasts facilitate international trade flows, while inland hubs ensure seamless distribution across the continent. Additionally, a growing emphasis on sustainability and digitalization is shaping the future trajectory of the industry in North America.
The European region is witnessing an increase in the sales of reagents. A robust infrastructure network, including extensive road, rail, and waterway systems, characterizes this shipping and logistics market. Major ports like Rotterdam, Hamburg, and Antwerp serve as vital gateways for international trade. The region benefits from strategic geographical positioning, facilitating trade between Europe, Asia, and North America. Additionally, stringent environmental regulations drive innovation in sustainable transportation solutions. With a focus on efficiency and sustainability, Europe remains a key player in the global shipping and logistics industry.
The current report Scope analyzes Shipping and Logistics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global Shipping and Logistics Market size was estimated at USD XX Million, out of which 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. In North America, the shipping and logistics market is driven by several factors. These include the region's robust economic activity, extensive trade networks, and growing e-commerce sector. Additionally, the adoption of advanced technologies such as IoT, AI, and blockchain enhances operational efficiency and customer service. Moreover, increasing consumer expectations for fast and transparent delivery services contribute to the market's growth. Regulatory developments and sustainability initiatives also shape the industry landscape, influencing companies' strategies and investments to meet evolving market demands.
According to Cognitive Market Research, with a market value of USD XX million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD XX million. Europe, the shipping and logistics market thrives amidst dynamic regulatory landscapes and evolving consumer demands. Key drivers shaping the industry include the continent's strategic geographic position, fostering extensive trade networks, and the rapid growth of e-commerce, driving demand for efficient last-mile delivery solutions. Moreover, advancements in technology, such as automation and digitization, enhance operational efficiency and customer experience. To stay competitive, companies in Europe focus on sustainability initiatives, innovation, and regulatory compliance to navigate complexities and seize growth opportunities.
According to Cognitive Market Research, the global Shipping and Logistics Market size was estimated at USD XX Million, out of which Asia Pacific held the 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. In the Asia-Pacific region, the shipping and logistics market is driven by several factors. Rapid economic growth, particularly in emerging markets like China, India, and Southeast Asia, fuels demand for efficient transportation and distribution services. The region's strategic location as a global trade hub enhances its significance for maritime and air freight operations. Additionally, infrastructural developments, technological advancements, and increasing e-commerce penetration contribute to the market's growth trajectory, presenting opportunities for both domestic and international logistics providers.
According to Cognitive Market Research, the global Shipping and Logistics Market size was estimated at USD XX Million, out of which the Latin America market has more than 5% 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 10.4% from 2024 to 2031. In Latin America, the shipping and logistics market is driven by several factors. Rapid urbanization, expanding e-commerce, and increasing trade volumes are primary drivers, leading to a growing demand for efficient supply chain solutions—infrastructure development initiatives, such as port expansions and transportation upgrades, further fuel market growth. Additionally, regulatory reforms aimed at improving trade facilitation and reducing bureaucratic hurdles contribute to market expansion. These dynamics present opportunities for both domestic logistics providers and international players seeking to capitalize on the region's evolving logistics
According to Cognitive Market Research, the global Shipping and Logistics Market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market of around 2% 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 10.7% from 2024 to 2031. Middle East and Africa, the shipping and logistics market is driven by several factors. Economic growth and increasing international trade are propelling demand for efficient transportation and distribution services. Strategic geographic location, particularly in the Gulf Cooperation Council (GCC) countries, enhances the region's significance as a global logistics hub. Moreover, infrastructure development initiatives, such as port expansions and transport network enhancements, further stimulate market growth, attracting investments and fostering innovation in supply chain management technologies.
Global Shipping and Logistics Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Shipping and Logistics Industry growth. Shipping and Logistics market has been segmented with the help of its Type, Industry Product type, and others. Shipping and Logistics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Second-party logistics involves the direct relationship between a company and its shipping providers or carriers. This typically includes activities such as transportation, warehousing, and freight forwarding, with the company managing these functions internally or through contracted services.
Third-party logistics (3PL) refers to outsourcing these logistics functions to specialized service providers. 3PL providers offer a comprehensive range of services, including transportation, warehousing, inventory management, and distribution, allowing companies to focus on their core business activities while benefiting from the expertise and efficiency of external logistics partners.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Shipping and Logistics Industry. Request a Free Sample PDF!
The Manufacturing Industry primarily deals with the transportation of raw materials, components, and finished products within its supply chain. This segment often requires specialized handling and expedited delivery to meet production schedules.
The Consumer Goods Industry focuses on distributing finished products directly to end consumers through various channels such as retailers, e-commerce platforms, and wholesalers. This segment demands efficient inventory management, last-mile delivery solutions, and a robust network to cater to diverse consumer demands.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Shipping and Logistics market report 2024 Edition by contacting our team.
Freight and shipping services involve the transportation of goods via various modes such as air, sea, rail, or road, catering to both domestic and international supply chains. This segment includes freight forwarding, warehousing, customs brokerage, and related services, crucial for facilitating the movement of goods efficiently and cost-effectively across borders and regions.
Materials handling focuses on the equipment, systems, and services involved in the movement, storage, control, and protection of materials throughout the manufacturing, distribution, consumption, and disposal stages. This segment encompasses conveyors, cranes, forklifts, automated storage and retrieval systems (AS/RS), and other technologies aimed at optimizing the handling and flow of materials within facilities and supply chains.
Residential shipping primarily serves individual consumers, encompassing parcel deliveries, household goods transportation, and personal vehicle shipping. This segment is characterized by smaller shipment sizes, diverse delivery locations, and a focus on meeting individual needs efficiently.
Commercial logistics caters to businesses and involves the transportation of bulk goods, inventory management, and supply chain optimization. It demands tailored solutions to handle large volumes, optimize routes, and ensure timely deliveries, often involving complex networks and specialized services such as warehousing and distribution.
Airways represent a fast and efficient mode suitable for time-sensitive shipments, high-value goods, and long-distance international transport. This segment is characterized by its speed, reliability, and global connectivity, making it preferred for perishable goods, high-tech products, and urgent deliveries.
Railways provide a cost-effective and environmentally friendly alternative, especially for large-volume cargo and domestic transportation. Railways excel in transporting bulk goods, heavy machinery, and commodities over land, offering competitive pricing and sustainability advantages.
Research Analyst at Cognitive Market Research
I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
I am committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that my skills remain sharp and relevant. I spearheaded research initiatives focused on market trends, customer behavior, and competitive landscapes. I have a demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams, I played a pivotal role in shaping successful projects that hinged on robust research and analysis.
Disclaimer:
Type | Second-party logistics (2PL), Third-party logistics (3PL), Fourth-party logistics (4PL) |
Industry | Manufacturing Industry, Consumer Goods Industry, Automotive Industry, Food and Beverages Industry, Others |
Product type | Freight and Shipping, Materials Handling, General Logistics, Express Shipping, Warehouse and Storage, Internet Purchasing |
End User | Residential, Commercial, Industrial |
Route Types | Airways, Railways, Roadways, Waterways, Others |
List of Competitors | United Parcel Service Inc (UPS), MOLLER – MAERSK, DSV (DSV Panalpina), Robinson Worldwide Inc, FEDEX, Kuehne+Nagel, GEODIS, Nippon Express |
This chapter will help you gain GLOBAL Market Analysis of Shipping and Logistics. Further deep in this chapter, you will be able to review Global Shipping and Logistics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Shipping and Logistics Market Trends North America Shipping and Logistics Technological Road Map North America Shipping and Logistics Market Drivers North America Shipping and Logistics Market Restraints North America Shipping and Logistics Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Industry Analysis 2019 -2031
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Chapter 12 Market Split by Product type Analysis 2019 -2031
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Chapter 13 Market Split by End User Analysis 2019 -2031
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Chapter 14 Market Split by Route Types Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Shipping and Logistics market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Second-party logistics (2PL) have a significant impact on Shipping and Logistics market? |
What are the key factors affecting the Second-party logistics (2PL) and Third-party logistics (3PL) of Shipping and Logistics Market? |
What is the CAGR/Growth Rate of Manufacturing Industry during the forecast period? |
By type, which segment accounted for largest share of the global Shipping and Logistics Market? |
Which region is expected to dominate the global Shipping and Logistics Market within the forecast period? |
Segmentation Level Customization |
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Country level Data Customization |
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Company Level |
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Service Level Customization |
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