Logistics market will reach more than 77 billion USD in 2025

The boom of e-commerce will boost the growth of the logistics industry in the period 2021-2025.

In addition, the report also provides a comprehensive analysis of the strategy applied by logistics service providers; as well as trends, dynamics and challenges affecting the market size in the coming time.

The subjects surveyed and analyzed by  Technavio  are end users (in many consumer products, automobiles, food and beverage, health care...) in Asia - Pacific, North America regions. , Europe and South America.

The boom in e-commerce and cross-border commerce will positively impact the growth of the logistics market in the period 2021-2025. However, experts know the impact of the trade war could hamper this growth.

Technavio's report also gives a detailed picture of the logistics market through research methods, synthesizing data from many sources.

Previously, the report "Global logistics industry in 2021" of  Research And Markets  forecast that this market will grow strongly in the period of 2020-2025. Specifically, in 2020, the global logistics market shrank by 3.3%, ending a decade-long growth streak. The cause was the outbreak of the Covid-19 pandemic, which disrupted the supply chain.

However, logistics is forecasted to grow at a real CAGR in the period 2020-2025 of 5.1%. In particular, in 2025, the market will increase by 24% compared to 2019, demonstrating the strong recovery of the economy after the pandemic.