The latest report by IMARC Group, titled “North America Logistics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the North America logistics market reached a value of US$ 1,377 Billion in 2021. Logistics is the process of moving and coordinating resources from the point of origin to the destination. It involves the management of the flow of goods, equipment, food, and other materials, to efficiently and effectively store goods and services. It forms an integral part of the supply chain management which includes planning, implementing, information integration, inventory warehousing services, transportation, material handling, packaging, and overall security of products.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
North America Logistics Market Trends:
The North America logistics market is primarily driven by the growing e-commerce industry. In addition to this, the rising penetration of high-speed internet is increasing the popularity of online shopping, which is fueling the market growth. Besides this, the growing environmental concerns have resulted in the shift toward green logistics solutions. Moreover, the utilization of multi-modal systems with a highly integrated supply chain network that links producers and consumers through multiple transportation modes, such as air and express delivery services, freight rail, maritime transport, and truck transport, are also significantly influencing the market growth. Furthermore, the advancements in technology, such as the introduction of tech-driven logistic services and the rising adoption of IoT-enabled connected devices and biometrics in the logistics process, are creating a positive outlook for the market. Looking forward, the market is expected to reach a value of US$ 1,596.9 Billion by 2027, exhibiting a CAGR of 2.56% during the forecast period (2022-2027).
- Based on the model type, the market has been segmented 2 PL, 3 PL, and 4 PL.
- On the basis of the transportation mode, the market has been classified into roadways, seaways, railways, and airways.
- The market has been categorized based on the end-use into manufacturing, consumer goods, retail, food and beverages, IT hardware, healthcare, chemicals, construction, automotive, telecom, oil and gas, and others.
- Region-wise, the market has been divided into the United States and Canada.
- The competitive landscape of the market has been examined in the report, with the detailed profiles of some of the key players operative in the industry.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800