Bhubaneswar: The market size of the logistics sector is seen climbing to $215 billion by 2020, logging 10.5 per cent compounded annual growth rate (CAGR) over 2017. the logistic growth rate or steepness of the curve. by Rizal Raoul Reyes. The logistics industry was forecasted to grow at a rate of 8.2% to 8.8% for the period 2018 - 2024 and was projected to be a Php 970 billion to Php 1 trillion market by 2023. The Transport and Logistics sector in Australia has an estimated annual revenue of $101.51 billion, adding $39.91 billion to the Australian economy in 2019-20. During the last recession, gross revenues for the domestic industry grew 17.8% from $65.3 billion in 2001 to $76.9 billion in 2003. The logistics market is further expected to grow at a CAGR of 5.7% between 2022 and 2027 to reach a value of almost USD 13,326.3 billion by 2027. The global logistics industry had a turbulent 2019, registering 1.2% in merchandise trade volume growth due to the stagnant global economy, trade disputes, geopolitical uncertainties, and environmental regulations. The growth of the global shipping and logistics market can be attributed to the increasing demand for express shipping services and the growing e-commerce industry. Delivered 15-50% returns in last three months. Top challenges faced by providers of third-party logistics . Part of what is going on within the logistics field has to do with the cost of fuel. research reports involve the overall industry status worldwide. "Global Pharmaceutical Logistics market was valued at US$ 88140 million in 2020. Passenger transportation has assumed great importance due to the growing population. . For values of in the domain of real numbers from to +, the S-curve shown on the right is obtained, with the graph of approaching as approaches + and approaching zero as approaches .. The Logistics Industry market has witnessed growth from USD million to USD million from 2017 to 2022. The booming growth of e-Commerce industry had impacted the logistics industry in Malaysia to go through a series of evolution in their operation to form seamless fulfilment hubs in the country. Looking ahead, respondents predicted a 12-month future growth rate of nearly 70, indicating strong growth and continued tight industry conditions as 2021 unfolds, according to the researchers. The Logistics is expected to increase in the future with the rising e-commerce market due to online payment options. The global logistics market reached a value of US$ 4.92 Trillion in 2021. 48% of 3PLs cited finding and retaining . Asia-pacific region, especially India is showcasing a higher growth rate in the logistics industry as the logistic sector market value accounts for about USD 160 billion and they have over 22 million employees under the sector, therefore the market value is expected to grow with a healthy CAGR of 10% by the year 2023. According to the airline association, IATA, cargo volumes grew by 4. The country is ranked 60th out of 168 countries in the Logistics Performance Index of the World Bank as 2018. The logistics and warehousing are expected to rise from ~ PHP Million in 2019 to ~ PHP Million in 2024. comprehensive analysis of market drives and manufacturers with the. recorded in the 2. September 21, 2021. It is expected to expand at a compound annual growth rate (CAGR) of 8.4% from 2020 to 2027. This industry is one of the backbones of international trade worth over 5.7 trillion euros. That's been good for logistics companies. As the growth of the e-commerce industry is expected to continue rising for the next couple of years, LRG concludes that the logistics and warehousing industry will attain the pre-pandemic mid-term growth rate forecasted by industry experts. The logistics market in India is. Job Outlook. In a related development, the Lobien Realty Group sees the local logistics market to achieve 8.8-percent growth rate from 2018 to 2024 worth P9.70 billion to P1-trillion market by 2023. The average logistics cost per GDP among BRICS countries was 11 percent, however, in the case of India, the cost share per GDP was 14 percent. By comparison, GDP growth for the same period of time was 4.1%. Asia pacific logistics industry growing rapidly due to the increasing logistics in the . A study by the India Brand Equity Foundation (IBEF) pegs annual investments in the logistics sector to reach $500 . This growth will be fueled by factors such as the rapidly growing e-commerce sector and a growing retail sales market, among others, according to 'Inter-city Logistics Market Study', released by consulting firm . The s tudy recommended the local governments Currently, the value of the Indian logistics Industry in 2019 is said to be around $160 Billion and the world anticipates this to grow to at least $250 Billion in the year 2020. Labor Shortage - Rising labor costs and hard-to-find workers presented headwinds to 3PLs trying to support increasing order volumes. This growth can be attributed to the increasing number of e-commerce retailers and their stellar services to the citizens of the country. The global halal logistics market size was valued at USD 286.96 billion in 2019. Global Logistics Industry Outlook According to Research and Markets, "the global logistics market was worth 10.32 Billion USD in 2017 and it is estimated to grow to 12.68 Billion USD by 2023 with a CAGR (compound annual growth rate) of 3.49% between 2017 and 2023." The transportation, logistics, and storage industry in Dubai consists of passenger transportation, cargo transportation, warehousing, freight forwarding and other value-added services for cargo. The Government targets to increase the GDP growth rate by 20% by the year 2020. FMCG LOGISTICS Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027) The Market is segmented by Service (Transportation, Warehousing, Distribution, and Inventory Management, and Other Value-added Services), and by Geography - Growth, Trends, and Forecast (2019-2024) 5.4.1 Global COVID-19 Status Overview. The North America freight and logistics market is anticipated to register a growth rate of 3% during the period (2021-2026). Newly published "Fourth Party Logistics Market" Research reports provides a detail information about market size, industry share, new demands, latest trend, segmentation, growth rate statistics. Companies are looking forward to establishing its regional fulfilment . . Employment of logisticians is projected to grow 28 percent from 2021 to 2031, much faster than the average for all occupations. (See Exhibit 6.) All industry segments grew from 2010 through 2014, and this growth is expected to continue from 2014 through 2018. Growth Opportunities - Overall the industry expressed optimism heading into 2022 with many diversifying to support new verticals or workflows. In terms of expected growth between. There is definitely opportunity here," he said. The logistic function finds applications in a range of fields, including biology (especially ecology), biomathematics, chemistry, demography, economics . They also grew their economic profit by 3.5 percent compared to an industry-average decline of 1.7 percent (Exhibit 1).22. By 2024, the. Gross Domestic Product (GDP) growth is 5.3% in 2016-17. [15] Pakistan Logistics Industry-Outlook and Growth Opportunities, 2016 [16 . Amidst a slowdown in global economic growth, in part caused by trade tensions between the US and China, the logistics industry remains buoyant. Press release - Intelligence Market Report - Cold Chain Logistics Market 2021 Future Trend, Growth rate, Opportunity, Industry Analysis and Key Players United Parcel Service of America Inc . Sequentially Revenues for Transport & Logistics Industry grew by 4.15 % . Property . Project Logistics Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027) The Project Logistics Market is segmented by Service (Transportation, Forwarding, Inventory Management and Warehousing, and Other Value-added Services), End User (Oil and Gas, Mining and Quarrying, Energy and Power, Construction, Manufacturing, and Other End Users), and Geography. The group is dominated by players from North America and Asia that are active in trucking, freight forwarding, and contract logistics. Published on Mar 09, 2021 According to the latest report by IMARC Group, titled " Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, " the global logistics market size reached US$ 4.92 Trillion in 2021. Statista ; Statista. They also provide in-depth study about the competitor analysis, scope, opportunities, types and top applications. Allcargo logistics stood as the top performer among all logistic stocks in the last three months. The Asia-Pacific region was the leading logistics market in 2020. The short-term impact of the COVID-19 pandemic on the market is a crucial factor for the fast-paced growth of pharmaceutical logistics Logistics market growth rate will reach 20-25% per year with the rate of outsourcing logistics is 40% in 2020. Logistics market size to maintain the average annual growth rate of 2.08% from 375 Billion USD in 2014 to 407 . In the United States, for example, growth has averaged 15 percent annually over the past decade, and the range of goods has expanded dramatically. The global logistics market size reached a value of almost USD 9,525.1 billion in the year 2021. impact of covid-19 on market growth, size, share, and sales. A recent study found that the global liquid logistics market is expected to grow from $43.86 billion in 2020 to 47.13 billion in 2021 at a compound annual growth rate of 7.5 . 3PL is the function by which a manufacturer outsources activities related . The warehousing and logistics asset class could be among the fastest to recover from the coronavirus crisis, a report says, citing an expected increase in domestic demand and possibility of global firms shifting manufacturing to India to de-risk supply chains as reasons. 8.4.2 Global Sales Growth Rate of Passenger Drones (2017-2022) Impact on the Transportation and Logistics Industry Worldwide. Income. The global shipping and logistics market is expected to grow from USD 1,711.5 billion in 2018 to USD 3,024.8 billion by 2030, at a CAGR of 7.0% during the forecast period. between the growth in logistics industry and economic growth between 2000 and 2008, this correlation weakened between 2000 and 20 09. Growth Rate of Logistic Industry is Slowed Down Globally Due to COVID-19 Published: July 2020 The global logistics industry exhibited significant growth in the recent past, owing to the ongoing digital transformation across the world. The market is driven by increasing investments in the logistics infrastructure, which has helped boost the country's capacity over the years. From March 2020 to December 2021, the stock has given has an astounding return of 572 percent moving from 58 to 390. The high cost of logistics can be attributed to an. Favorable government trade policies have resulted in increased demand for logistics services, creating opportunities for expansion to existing vendors. The Global Pharmaceutical Logistics Market divides the market on the basis of products, end-users and types of areas. VIRAC forecasts for the period of 2019 - 2021, road will continue to be the type . From 2016 to 2022, the global logistics. 1% to 63.7 million metric ton, in 2018. Transport & Logistics Industry's pace of Revenue growth in 2 Q 2022 decelerated to 13.78 % year on year, but remained above Industry average. However, the industry forecast suggests that the number may decrease by 3.7%, to 65.9 . Sequentially Revenue grew by 4.12 %. Key 3PL Industry Trends. Global Logistics Market Statistics 2021-2027: The global logistics market was valued at $7,641.20 billion in 2017, and is projected to reach $12,975.64 billion by 2027, registering a CAGR of 6.5% from 2020 to 2027. Growth of Exports and Imports are Driving the Freight Market Indonesia is in good shape for economic recovery, provided the COVID-19 pandemic continues to be managed properly, with a GDP growth . 5.4 Freight and Logistics Industry Development Trends under COVID-19 Outbreak. During this period, the stock has climbed from 255.30 to 400.50, generating a return of over 56.87%. Transport & Logistics Industry. Diverging Growth Rates Among Segments. . E-commerce, the second trend, is remaking the entire logistics industry. Before the advent of the COVID-19 pandemic, the Philippines' logistics and warehousing market was thriving. world economic growth, the Logistics industry has also suffered a certain . More on Transport & Logistics Industry Revenue Growth. The global logistics market is driven by the significant growth in the online retail sector globally. Logistics coordination planning (Decision 175 / QD-TTg) aims to form an efficient and effective 3PL package, e-commerce and supply chain management. The global Digital Logistics Market size is expected to reach USD 46.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.7% during the forecast period. Many of those openings are expected to result from the need to replace workers who transfer to different . The sector employs more than half a million people across its major sub-sectors: Road Transport, Logistics, Warehousing and Stevedoring. The market for Digital Logistics was valued USD 17.4 billion in 2020. The global third-party logistics (3PL) market was valued at $1,027.71 billion in 2019, and is projected to reach $1,789.94 billion by 2027, registering a CAGR of 7.1% from 2020 to 2027. A Changing Industry. The global logistics & supply chain industry market size is expected to reach USD 13,705.01 Billion in 2028, and register a CAGR of 5.8% during the forecast period. The inexorable rise of online sales is well documented. Within Transportation sector 4 other industries have accomplished higher Revenue growth. The growth dynamics of the sector are such that it has surpassed, the annual growth rate of GDP during 1991 and 2016 [2]. Transport itself contributes 22.3% of the services sector GDP and accounts for approximately 6% of the nation's total employment. The November LMI registered 70.8, down slightly from its October reading of 71.6, but still nearly 20 points ahead of the index's all-time low reading of 51.3 in April and well above the 50-point threshold indicating growth in the industry. The global Freight and Logistics market size is projected to reach USD milpon by 2028, from USD milpon in 2021, at a CAGR of % during 2022-2028. LRG studies show that the Philippine Logistics Market is a thriving industry forecasted to have 8.2% to 8.8% growth rate for the period 2018 - 2024 and projected to be a Php 970 Billion to Php 1 Trillion market by 2023. Globalization of industry has brought about increases in export and import of parts and resources. 2. Manufacturing in India holds the potential to contribute up to 25%-30% of the GDP by 2025 which will drive the growth of the warehousing segment in India. According to a report by the UK-based market research firm Technavio, the 3PL market in India is poised to grow by US$10.74 billion in the period 2021-2025, progressing at a compound annual growth rate (CAGR) of . Published by Statista Research Department , Jul 14, 2022 In 2020, due to the coronavirus pandemic, the logistics industry shrank in size, reaching close to 5.73 trillion euros. also known as "return on total investment," is a relative measure of profitability and represents the rate of return earned on the investment of total assets by a business. It reflects the combined effect of both the operating and the . North American. COVID-19 has severely impacted the market studied. This is a drop compared with the 5.8% growth rate recorded in 2017. 3.7.1 Japan Logistics Labels Production Growth Rate (2017-2022) 3.7.2 Japan Logistics Labels Production, Revenue, Price and Gross Margin (2017-2022) 4 Global Logistics Labels Consumption by Region The road logistics market in India is expected to grow at a compounded annual growth rate of 8 per cent in the next five years, to reach USD 330 billion by 2025, as per a report. Logistics and industrial sector can boost a country's competitiveness that is a vital element to job creation and economic growth. Looking forward, IMARC Group expects the market to reach US$ 6.55 Trillion by 2027, exhibiting at a CAGR of 4.7 % during 2022-2027. The Australian logistics market was valued at USD 81.28 billion in 2021, and it is expected to reach USD 114.32 billion by 2027, registering a growth rate of 5.85% during the forecast period (2022-2027). Integrated Logistics in Australia industry outlook (2022-2027) poll Average industry growth 2022-2027: . 2. In 2019, the Asia-Pacific region garnered the highest share in the global 3PL market. Due to the sudden surge in e-commerce, there is a demand for the delivery of products, which is directly propelling the growth of logistic services. Historical trends, however, suggest that the third party logistics ("3PL") industry has been able to accomplish just that. The Welspun One Logistics Parks (WOLP) report estimates that the warehousing and logistics industry will grow at 35% in 2021 . In addition to expecting high growth rates, businesses in the logistics advisors segment enjoyed an extremely high ROA: asset intensity is very low because these companies . According to various reports, the Indian third-party logistics (3PL) market is slated to witness high growth in the coming years. Weighted-average TRS CAGR, 2013-18; weighted-average economic profit/revenues, 2013-18. With the CAGR, this market is estimated to reach USD million in 2029. The report covers all the aspects of the industry with a dedicated study of reports . (Transport Intelligence, 2019) Most importantly, the total logistics market size amounted to $6.1 trillion in 2018. . (2020). Statistics on the topic Overview Trade. The UAE is ranked number one in road infrastructure, globally. Moreover, India is . With a population approaching 210 million, Pakistan is the 6th most populous nation in the world and continues to grow at a high rate of 2.4% per annum. The Freight and Logistics Market are estimated to grow at a CAGR of approximately 5% during the forecast period. As of January 2022 the CAGR in revenues for the transportation and logistics sector in Western Europe have been highest in the trucking industry (7.9 percent). Enterprises are willingly adopting digital logistics solutions for their day-to-day logistics and supply chain . The trends in liquid logistics industry are dependent on significant changes that are driven by the implementation of technology driven innovations in business processes. The Logistics Market in India is Forecasted to grow at a CAGR of 10.5% Between 2019 and 2025 Advancements in digital technologies, changing consumer preferences due to eCommerce, government reforms, and shift in service sourcing strategies are expected to lead the transformation of the Indian logistics ecosystem. An LMI above 50 indicates expansion in the logistics sector; an LMI below 50 indicates contraction. In Q1 2020, the COVID-19 outbreak flipped the growth switch in every area of the economy, and the global supply chain is no exception. It contributed 13.3% to the GDP in 2016-2017, and this share is expected to rise by 2.5 percentage points, as CPEC projects are completed [3]. The predicted growth rate for jobs in logistics is only two percent, but this bleak outlook is true only if the industry remains static. The logistics sector earned the 'infrastructure' status in 2017 when its market size was estimated at $160 billion. The growing Muslim population increased spending on halal products, and the growing trade of halal food worldwide is collectively contributing to the growth. The government is even investing in building bridges using PPP projects aimed at reducing congestion in metropolitan cities. The gross domestic product (GDP) increased by6.7%during the first quarter, the total social logistics volume increased by 5.9%from January to April, and the growth rate increased by 0.4% year-on-year in 2016.Overall, during the 13 th Five-Year Plan period, the logistics industry of China still remains in a period of promising strategic . Quarter 2022 above average Revenue growth of 13.94 % year on year, Total Ranking #30 and ranking within sector #2. The global pharmaceutical logistics market size was valued at USD 78.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.6% from 2022 to 2030. 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