Logistics Industry Statistics: Key Findings
- The global logistics market was valued at $9.96 trillion in 2022.
- The global logistics market is expected to grow at a CAGR of 6.3% between 2023 and 2028.
- The global logistics market is estimated to grow to 12.68 Billion USD by 2023.
- The 10-year job outlook for logisticians is a 28% growth rate.
- Logistics industries will focus more on automation, labor shortage, and real-time tracking for efficient supply chain management.
Source: (Expert Market Research, Digital Journal, PR Newswire, Red Stag Fulfillment, TAWI.)
Global Logistics Market Skyrockets to $9.96 Trillion Value in 2022
Important takeaway:
| Massive Industry Value | The market value emphasizes the critical role of logistics. |
| Potential Growth Prospects | Given the vast value, the logistics sector has substantial room for growth. |
| Significance of Investment | Such a market size implies an ideal sector for investment opportunities. |
The $9.96 trillion valuation of the global logistics market in 2022 indicates a substantial industry that plays an integral role in the global economy. This valuation suggests potential for future growth and indicates numerous investment opportunities.
Source: Expert Market Research
Forecast: Global Logistics Market to Surge at 6.3% CAGR from 2023 to 2028
Important takeaway:
| Robust Market Growth | The given CAGR signifies a strong, steady increase in the logistics market. |
| Sound Investment Landscape | Such growth indicates a promising field for investing. |
| Demand Surge in Logistics | The predicted CAGR implies a rising demand for logistics services. |
The expected CAGR of 6.3% between 2023 and 2028 for the global logistics market underscores a consistent and robust market growth. This presents a promising landscape for investment and implies a surge in demand for logistics services in the forthcoming years.
Source: Digital Journal
Estimates Project Global Logistics Market to Swell to $12.68 Billion by 2023
Important takeaway:
| Significant Market Expansion | The projected growth suggests substantial market expansion. |
| Positive Economic Impact | This growth indicates beneficial implications for the global economy. |
| Opportunity for Market Players | Such expansion provides ample opportunities for logistics firms. |
The global logistics market’s anticipated growth to 12.68 billion USD by 2023 signifies a notable market expansion. This expansion indicates a positive impact on the global economy and provides ample opportunities for various stakeholders in the logistics industry.
Source: PR Newswire
Robust 28% Growth Rate Predicted for Logisticians’ Jobs Over the Next Decade
Important takeaway:
| Increased Job Opportunities | The rate signifies a surge in logistics job openings. |
| Industry Demand for Talent | High growth indicates a rising need for skilled logisticians. |
| Career Stability in Logistics | This rate suggests long-term career prospects in logistics. |
The 28% growth rate for logisticians over the next ten years underscores a significant increase in job opportunities. This suggests a rising demand for skilled logisticians, hinting at stable and prosperous career prospects in the logistics industry.
Source: Red Stag Fulfillment
Automation, Labor Shortage, Real-Time Tracking: Logistics’ Future for Efficient Supply Chains
Important takeaway:
| Rise in Automation | The emphasis on automation denotes technological advancement in logistics. |
| Workforce Challenges | Mention of labor shortage indicates potential human resource issues. |
| Importance of Real-time Tracking | This focus shows the need for timely and accurate data in supply chain management. |
The focus of logistics industries on automation, labor shortage, and real-time tracking indicates an increasing reliance on technology and potential workforce challenges. It also underscores the importance of timely and accurate data for efficient supply chain management.
Source: TAWI
