Global Transport and Logistics Market – Industry Trends and Forecast to 2031

Global Transport and Logistics Market, By Service Type (Warehouse Services, Transportation, Inventory Management, and Administration and Supplies),  Mode of Transport Type (Airways, Railways, Roadways, and Waterways),  End Use (Automobiles, Machinery, Apparel and Footwear, Pharmaceutical Products, Retail, Aircraft, Ships and Railways, Electronics, Petrochemicals, Agriculture, Building Materials, and Others) - Industry Trends and Forecast to 2031.

Transport and Logistics Market Analysis and Size

The global transport and logistics market has witnessed significant trends in recent years, propelled by technological advancements, shifting consumer demands, and the ever-evolving global trade landscape. One prominent trend is the growing adoption of digitalization and automation across the supply chain, enhancing efficiency and reducing operational costs. Moreover, sustainability has become a key focus, with companies increasingly investing in eco-friendly transportation solutions and implementing measures to minimize carbon emissions. Another notable trend is the rise of e-commerce, driving the demand for efficient last-mile delivery services and integrated logistics solutions.  

The global transport and logistics  market was valued at USD 1,149.23 billion  in 2023 and is expected to reach USD 1,710.92 billion  by 2031, registering a CAGR of 5.1% during the forecast period of 2024-2031. “Transportation” segment continues to dominate the market due to increasing demand for efficient movement of goods and people globally, coupled with advancements in transportation technologies enhancing speed and reliability. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Report Scope and Market Segmentation

Market Definition

Transport and logistics encompasses the multifaceted industry involved in the movement, storage, and management of goods and people across various modes of transportation, including road, rail, air, and sea, along with associated services such as warehousing, distribution, freight forwarding, and supply chain management.  

Global Transport and Logistics Market Dynamics

Drivers

• Technological Advancements in Transport and Logistics Sector

The global transport and logistics market is being propelled by rapid technological advancements, particularly in automation, data analytics, and artificial intelligence (AI). These technologies are transforms supply chain management, optimizing route planning, and enhancing operational efficiency across the transportation and logistics sectors. The integration of IoT devices and sensors enables real-time tracking and monitoring of goods, leading to improved visibility and responsiveness in logistics operations.

• Growth in E-Commerce Sector Globally

The exponential growth of e-commerce globally has emerged as a significant driver for the transport and logistics market. With the increasing preference for online shopping, there is a rising demand for efficient and reliable transportation and delivery services. This trend has led to the development of specialized logistics solutions tailored to the needs of e-commerce businesses, such as same-day delivery options and last-mile delivery optimization, driving further expansion in the transport and logistics sector.

Opportunitie

• Expansion of Emerging Markets due to Urbanization and Economic Growth

The rapid urbanization and economic growth in emerging markets present lucrative opportunities for the Transport and Logistics Market. As these regions experience increased consumer spending and industrial activity, there is a growing demand for robust transportation infrastructure and efficient logistics services to support trade and commerce. Companies are increasingly focusing on expanding their presence in these markets to capitalize on the burgeoning opportunities for growth.

• Advent of Green Logistics Initiatives

The rising awareness of environmental sustainability is creating opportunities for innovative green logistics initiatives within the transport and logistics market. With governments implementing stringent regulations to reduce carbon emissions and mitigate environmental impact, there is a growing demand for eco-friendly transportation solutions and sustainable supply chain practices. Companies investing in renewable energy sources, electric vehicles, and eco-friendly packaging are well-positioned to capitalize on this emerging trend.

Restraint/ Challenge

• Infrastructure Bottlenecks

Inadequate transportation infrastructure, congested ports, and inefficient customs procedures can lead to delays and increased costs in logistics operations. Addressing these infrastructure challenges requires substantial investment and collaboration between public and private stakeholders, presenting a formidable obstacle to the seamless functioning of the global transport and logistics ecosystem.

This global transport and logistics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global transport and logistics  market contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.

Recent Development

• In September 2023, Kellogg Company took a significant step by officially gaining approval from its Board of Directors for the planned separation into two distinct publicly traded companies, Kellanova and WK Kellogg Co. With separate entities focusing on distinct product categories optimized the supply chains. Each entity tailored its own logistics strategies to the specific needs of its products, leading to more efficient transportation routes, inventory management, and distribution networks

Global Transport and Logistics Market Scope

The global transport and logistics market is segmented on the basis of service type, mode of transport type, and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Service Type

• Warehouse Services
• Transportation
• Inventory Management
• Administration and Supplies

Mode of Transport Type

• Airways
• Railways
• Roadways
• Waterways

End Use

• Automobiles
• Machinery
• Apparel and Footwear
• Pharmaceutical Products
• Retail
• Aircraft
• Ships and Railways
• Electronics
• Petrochemicals
• Agriculture
• Building Material
• Others

Global Transport and Logistics Market Regional Analysis/Insights

The global transport and logistics market is analysed and market size insights and trends are provided by country, service type, mode of transport type, and end use as referenced above.

The countries covered in the global transport and logistics market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.   

North America dominates and is the fastest growing region in the global transport and logistics market due to its robust transportation infrastructure, extensive distribution networks, and high adoption of advanced logistics technologies, facilitating efficient movement of goods across the continent and beyond. Additionally, the region's strong economic growth, coupled with a thriving e-commerce sector, further reinforces its position as a leader in the global transport and logistics industry.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.     

Competitive Landscape and Global Transport and Logistics Market Share Analysis

The global transport and logistics market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global transport and logistics market.

Some of the major players operating in the global transport and logistics market are:

• Nippon Express Co., Ltd. (Japan)
• Deutsche Post AG (Germany)
• DB Schenker (Germany)
• DSV (Denmark)
• A.P. Moller - Maersk (Denmark)
• FedEx Corporation (U.S.)
• Kuehne+Nagel Inc. (Switzerland)
• GEODIS (France)
• C.H. Robinson Worldwide Inc. (U.S.)
• United Parcel Service of America, Inc. (U.S.)