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The North America logistics market reached a value of US$ 1,347 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 2.58% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Logistics refers to the process of planning, implementing, coordinating resources, and managing the flow of things from the point of origin to the final point of consumption. Resources which are managed in logistics can include tangible items, such as liquids, equipment, materials, food products and intangible goods like information. The process of logistics assists in efficient and effective transportation and storage of goods as well as planning of related services. Logistics management primarily includes production, packaging, inventory, warehousing, security, material handling, integration of information, inbound and outbound transportation, and supply/demand planning of the third-party providers.
The North America logistics market is currently being driven by several factors. The increasing demand for the foreign goods in the emerging economies, such as Indonesia, Thailand and India specifically imported from the North American countries, acts as one of the major forces which is catalyzing the growth of the logistics market in the region.
Owing to the rising environmental concerns, the adoption of green logistics solutions has been witnessed in recent years. At present, the United States represents one of the key markets for logistics in the region with 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.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America logistics market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on model type, transportation mode and end-use.
|Base Year of the Analysis||2020|
|Segment Coverage||Model Type, Transportation Mode, End-Use, Country|
|Countries Covered||United States, Canada|
|Customization Scope||10% Free Customization|
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The North America logistics market was valued at US$ 1,347 Billion in 2020
We expect the North America logistics market to exhibit a CAGR of 2.58% during 2021-2026.
The expanding e-commerce sector, along with a significant rise in bilateral trade activities represent some of the factors driving the North America logistics market.
Sudden outbreak of the COVID-19 pandemic has catalyzed the demand for logistics facilities to cater to the surging demand for numerous essential goods and healthcare products to combat the spread of coronavirus infection.
Based on the transportation mode, the North America logistics market can be segmented into roadways, seaways, railways, and airways. Currently, roadways hold the majority of the total market share.
Based on the end use, the North America logistics market has been segregated into manufacturing, consumer goods, retail, food and beverages, IT hardware, healthcare, chemicals, construction, automotive, telecom, oil and gas, and others. Among these, the manufacturing sector currently represents the largest segment.
On a regional level, the market has been segmented into United States and Canada, where United States currently dominates the market.
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