Logistics Market Key Finding, Market Impact, Latest Trends Analysis, Progression Status, Revenue and Forecast to 2029

The size of the logistics market was estimated at US$ 13.39 billion in 2021, and from that year until 2029, total revenue is projected to increase at a CAGR of 7.20 percent, or roughly US$ 23.36 billion.

Logistics Market Overview:

Maximize Market Research (MMR), investigates the Logistics Market, focusing on each sector while considering global and regional trends. In order to create a balanced market environment, the primary drivers as well as significant restraints have been thoroughly addressed. To provide readers with a complete picture of the Logistics market, the report is separated it into several areas, including Products, Applications, Retailers, and Regions. The report also includes long-term industry estimates for the global Logistics Market.

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The report is a detailed analysis of the Logistics Market by country, regional and global presence. Regional analysis of the Logistics market is conducted at local, regional, and global levels for a better understanding of the Logistics market penetration, competitive structure, and demand analysis. Data is collected through both primary and secondary research methods. Surveys and telephonic interviews with industry specialists, market leaders, entrepreneurs, and marketing professionals were included in the primary methods. Secondary data was collected from selected sources for maximum reliability of the inferences, which includes official databases of various organizations, industry journals, white papers, and annual reports.

Segmentation

The Logistics Market is divided into Railways, Roadways, Waterways, and Airways based on the mode of transportation. In 2021, the Roadways Transportation category had the most market share (33.19%). Because it is frequently moved to different regions, road transportation has a substantial impact on many different product industries. Roadway transportation is the least expensive form of long-distance transportation, hence it is anticipated that this market category will rule the Logistics industry during the time of forecasting.

Throughout the projected period, the Aviation Transportation segment is anticipated to expand quickly, at a CAGR of 5.48%. Since 2004, global air logistics traffic has increased sporadically, peaking in 2021 at 0.0612 billion metric tonnes.The logistics market is divided into first party, second party, and third-party logistics based on the logistical type. Throughout the anticipated period, the Third-Party logistics category held the biggest market share, accounting for 39.24%. Using a third-party logistics solution allows manufacturers to outsource operational logistics from warehousing and delivery so they may concentrate on other areas of their businesses since they are unable to monitor every operation at the warehouse and transportation. Because third-party logistics are more practical and effective, they promote corporate expansion and are anticipated to become increasingly essential to operations during the projected period.

Healthcare, Manufacturing, Aerospace, Telecommunication, Government and Public Utilities, Banking and Financial Services, Retail, Media and Entertainment, Trade Transportation, Technology, and Others are the end-use-based segments of the logistics market.

The market share that the Manufacturing sector owned in 2021 was 29.81%. Globally rising output of goods drives this segment's Logistics market growth. Throughout the projection period, the healthcare segment is predicted to expand quickly at a CAGR of 5.8%. The market expansion in this sector is being driven by rising healthcare concerns and rising drug demand.

Key Players

• Accu-Time Systems, Inc.
• AFIX Technologies
• BIO-key International, Inc.
• Crossmatch
• David-Link
• DERMALOG Identification Systems GmbH
• East Shore Technologies, Inc.
• EyeVerify, Inc.
• FaceFirst
• Fujitsu Limited
• Gemalto NV
• HID Global Corporation
• IDEMIA
• Iris ID, Inc.
• NEC Corporation
• Papillon Systems
• Sonda Technologies
• SUPREMA

Regional Analysis

The report provides the global Logistics Market's growth pattern in detail. The report on the Logistics market demonstrates the most significant regions, which include 5 regions, such as North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, have global influence. Consumption quantities, manufacturing sites and volumes, import-export analysis, price trend analysis, cost of raw materials, and value chain analysis are some of the major and important indicators used during the forecast of Logisticsmarket for each country.

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Key Questions answered in the Logistics Market Report are:

What is Logistics Market?
What is the forecast period of the Logistics Market?
What is the competitive scenario of the Logistics market?
Which region held the largest market share in the Logistics Market?
What are the opportunities for the Logistics Market?
What are the restraining factors in the Logistics market?
Who are the key players of the Logistics market?
Key offerings:

Market Share, Size, and Forecast by Revenue|2022-2029
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Logistics market
Landscape- Leading key players and other prominent key players.
About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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