IMARC Group has recently released a new research study titled “North America Logistics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the North America logistics market share, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market size reached US$ 1,413.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,636.2 Billion by 2028, exhibiting a growth rate (CAGR) of 2.4% during 2023-2028.
Logistics refers to the detailed process of managing storage, procurement, and movement of resources from the origin point to their final destination. It mainly includes services, such as material handling, inbound and outbound transportation, inventory management, warehousing, etc. In addition to this, logistics assist in improving operational efficiency, maintaining supply chains, reducing overhead transportation costs, etc. As a result, these services find widespread applications across various sectors, including healthcare, manufacturing, food and beverage (F&B), FMCG, consumer electronics, retail, IT hardware, automotive, telecom, oil and gas, etc.
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North America Logistics Market Trends:
The escalating demand for foreign goods, especially in the emerging economies, is among the primary factors driving the market. Besides this, the development of a highly integrated supply chain network that links producers and consumers through several transportation modes, such as freight rail, ocean carrier, air and express delivery services, truck conveyance, etc., is further augmenting the market growth. The continuous advancements in logistics, including automated material handling equipment, biometrics, and GPS that aid organizations and businesses to work proficiently, are also catalyzing the market across North America. Apart from this, the expanding e-commerce industry and the increasing number of international trade activities are acting as significant growth-inducing factors. The rising need for green solutions by the leading manufacturers to reduce the environmental impact and improve the credentials of their businesses is also stimulating the market growth. Furthermore, the growing popularity of driverless vehicles and drones for enhancing operational efficiency and time of these services is expected to bolster the market in the coming years.
Key Market Segmentation:
The report has segmented the North America logistics market based on model type, transportation mode, end-use and country.
Breakup by Model Type:
2 PL3 PL4 PLBreakup by Transportation Mode:
RoadwaysSeawaysRailwaysAirwaysBreakup by End-Use:
ManufacturingConsumer GoodsRetailFood and BeveragesIT HardwareHealthcareChemicalsConstructionAutomotiveTelecomOil and GasOthersBreakup by Country:
United StatesCanadaCompetitive Landscape With Key Players:
The competitive landscape of the North America logistics market has been studied in the report with the detailed profiles of the key players operating in the market.
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Key Highlights of the Report:
Market Performance (2017-2022)Market Outlook (2023-2028)Market TrendsMarket Drivers and Success FactorsImpact of COVID-19Value Chain AnalysisComprehensive mapping of the competitive landscapeIf you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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