Logistics refers to the entire process of planning, implementing, and managing raw materials, semi-finished products, finished products, and related information from the place of origin to the place of consumption through transportation, storage, and distribution at the lowest cost in order to meet customer needs. It covers the transportation, warehousing, packaging, handling, processing, and related logistics information of goods.

Overview of Market Development

The application of technological innovations such as the Internet of Things, big data, and artificial intelligence in the logistics field is becoming increasingly widespread, improving logistics operation efficiency and supply chain transparency. In recent years, with the rapid development of globalization and e-commerce, logistics demand has continued to grow and the market size has been expanding. According to our research data, the estimated revenue of the global logistics market in 2024 is $9974.03 billion, an increase of 6.62% compared to 2023.

In the coming years, it is expected that the market will continue to steadily expand. By 2029, the global logistics market revenue is expected to increase to $13628.51 billion. However, the logistics industry also faces challenges such as supply chain disruption risks, environmental regulatory pressures, and rising logistics costs.

Analysis of Downstream Application Pattern

From the perspective of downstream applications, logistics involves various fields such as manufacturing, consumer goods, food, public utility, and retail. Among them, the manufacturing industry holds the largest share of the downstream application market, estimated to be 38.37% in 2024.

Source: www.globalmarketmonitor.com

Market Analysis of Major Regions

From a regional perspective, the global logistics market is concentrated in three major regions: North America, Europe, and Asia Pacific. Among them, the Asia Pacific region is the largest revenue market. Data shows that the estimated revenue of the logistics market in the Asia Pacific region in 2024 is $4701.449 billion, and the market share is expected to reach 44.13%.

Regions	Market Revenue (Billion USD)	Market Share
North America	2365.44	22.20%
Europe	2071.10	19.44%
Asia Pacific	4701.45	44.13%
South America	495.61	4.65%
Middle East & Africa	340.3	3.20%