Global Logistics Market Research Report- Forecast 2023

Logistics Market Research Report - Forecast to 2023
Segmentation
The transportation and logistics industry is confronting immense changes such as digital transformation, new market
entrants, changing customer expectations, and new evolving business models. For the purpose of this study, the global
logistics market has been divided into three segments: transportation type, logistic type, and end-user industry. On the
basis of the transportation type, the market is segmented into airways, waterways, railways, and roadways. On the basis of
logistic type, the market has been segmented into first party, the second party, and third party. The second-party logistics
segment accounted for the largest market share. By End-user, the market has been segmented into industrial and
manufacturing, retail, healthcare, oil & gas, and others. The Manufacturing segment accounted for the largest market share.
Factors such as the policy reforms that have improved the ease of doing business along with the easy availability of cheap
labor contribute to the growth of the market. Moreover, globalization coupled with population growth and consumption
behavior has seen ever-increasing demand for products from all corners of the world. The rise of e-commerce has added to
the transport boom, and over the past decade, a considerable growth has been seen across the industry’s value chain as a
whole. In terms of growth of the wider industry, logistics infrastructure will see almost across the board real growth in the
years between 2017 and 2023.
Global Logistics market is expected to grow at a CAGR of 7.2% during the forecast period.
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