Logistics Service Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Global Logistics Service Market revenue accounted for US$ 1,122.58 Bn in 2018 and is expected to grow at a CAGR of 6% during the forecast period 2021 – 2027, to account to US$ 2,029.38 Bn by 2027.

The global logistics services market is experiencing strong growth in the present scenario owing to continuous investment, new product development and integration of future technologies. Logistics services market consists of some well-positioned players worldwide who invest huge sums in order to provide the best service to their customers. Logistics service providers, especially third-party service providers, are experiencing significant growth in the market in terms of geographic expansion and technological advancements. For example, these days 3PL companies are implementing several software-based solutions in their operations to reduce inefficiencies and costs while saving operational time. Additionally, implementing voice recognition software for warehouse management system communications can support order processing and inventory logging while reducing staff training requirements.

Market Segments

By Mode of Transportation

• Roadways
• Railways
• Waterways
• Airways

By Logistics Provider

• First & Second Party Logistics
• Third Party Logistics
• Fourth Party Logistics
• Fifth Party Logistics

Key Players

• CEVA Logistics
• PANALPINA WORLD TRANSPORT (HOLDING) LTD.
• United Parcel Service (UPS)
• C.H. Robinson Worldwide, Inc.
• A.P. MOLLER – MAERSK
• Nippon Express
• FedEx
• DB Schenker
• DHL International GmbH

Scope of the Report

The research study analyzes the global Logistics Service industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Logistics Service Market Report

1. What was the Logistics Service Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Logistics Service Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Logistics Service Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.