How big is the global logistics market?
According to the research study, the global 4PL Logistics Market was estimated at USD 57.65 Billion in 2019 and is expected to reach USD 84.43 Billion by 2026. The global 4PL Logistics Market is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2019 to 2026.
Is logistics a growing industry?
This being said, the logistics industry is growing and will continue to grow. It is a stable industry that has proven it refuses to be affected by any obstacles that come its way. One example of the trucking industry adapting for the future is turning their trucks into “Uber” like vehicles.
How much is the logistics industry worth?
According to Research and Markets, “the global logistics market was worth 10.32 Billion USD in 2017 and it is estimated to grow to 12.68 Billion USD by 2023 with a CAGR (compound annual growth rate) of 3.49% between 2017 and 2023.”
