Global logistics market is anticipated to grow at a considerable CAGR of 8.1% during the forecast period (2024-2031). The global logistics industry is experiencing a period of dynamic growth fueled by a confluence of diverse factors. An aging population in many developed countries creates a need for specialized logistics solutions like healthcare logistics to ensure the efficient delivery of necessary medical supplies and pharmaceuticals. Additionally, as populations concentrate in urban centers, there is a growing demand for creative last-mile delivery solutions and urban logistics hubs. The increasing funding for logistics startups, acquisitions, and new product launches further aiding to the market growth.
For instance, in February 2024, Logistics services startup Shadowfax has raised $100 Mn (INR 828.78 Cr) as a component of its Series E funding round, which was headed by TPG NewQuest and included participation from current investors including Qualcomm, Trifecta Capital, Flipkart, International Finance Corporation, Nokia Growth Partners, and Mirae Asset Venture Investments (India).
Browse the full report description of “Logistics Market Size, Share & Trends Analysis Report by Mode of Transport (Railways, Airways, Roadways, and Waterways), by End Use (Healthcare, Manufacturing, Aerospace, Government and Public Utilities, Retail and Ecommerce, Trade and Transportation, and Others) and by Model (1PL, 2PL, 3PL and 4PL) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/logistics-market
Further, in September 2023, UPS Acquires Healthcare Logistics Unit of Transports Chabas Santé. This will expanding UPS Healthcare's global network with temperature-controlled pharmaceutical and healthcare product transportation options in Southern France.With this acquisition, UPS Healthcare's industry-leading capabilities are strengthened as they can now deliver next-generation pharmaceutical and biologic therapies throughout Europe at the appropriate time and temperature.
Furthermore, in November 2023, Blod.in introduces Blod+, a transformative healthcare software and logistics platform. This innovation is set to revolutionize blood management and delivery in India, addressing significant blood wastage in healthcare facilities.
Logistics operations are being impacted by an increasing emphasis on environmental sustainability. Companies are looking for environmentally friendly ways to run more sustainably, like using energy-efficient cars, alternative fuels, and improved routing, in order to cut down on their carbon footprint.
In February 2024, Bolloré Logistics Australia has announced the arrival of its new electric vehicle (EV) in Brisbane, showcasing the company's commitment to eco-friendly solutions and sustainable development. By implementing this new service, Bolloré Logistics will be able to contribute to the decarbonization of road freight.
In February 2024, SBTi validates Maersk's climate ambitions, making it the first company to do so under the new Maritime Guidance. This is aligned with the 1.5-degree approach from the Paris Agreement. This represents a first for the sector under the new Maritime Guidance from SBTi.
In January 2024, Maerskmade an important milestone in the company's commitment to leading the way in low-emission shipping solutions will be reached in early February when "Ane Maersk," the first of Maersk's eighteen large methanol-enabled vessels, which will be delivered between 2024 and 2025, enters service on the AE7 string connecting Asia and Europe.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Mode of Transport
o By End Use
o By Model
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes A.P. Moller, Schenker AG, Deutsche Post AG, FeFedEx Corporation, and United Parcel Service Inc. among others.
Key questions addressed by the report
Global Logistics Market Report Segment
By Mode of Transport
By End Use
By Model
Global Logistics Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/logistics-market