How Big is the Logistics Market?

Report Highlights

The global logistics market is worth $9.41 trillion as of 2023
The global logistics market is forecasted to reach $14.39 trillion by 2029 at 8.1% CAGR
The United States has the world's largest logistics market at $2.58 trillion in 2024, representing 8.8% of U.S. GDP
Air cargo achieved record growth of 11.3% in 2024, the strongest annual performance on record
Road freight dominates at $2.2 trillion globally, making trucking the largest logistics sector by revenue

How Big is the Global Logistics Market?

The global logistics market size was $9.41 trillion in 2023, according to Statista's Market Outlook published in May 2024.

The global logistics market reached $10.17 trillion in 2024, representing 8.1% year-over-year growth.

By 2029, the global logistics market is projected to reach $14.39 trillion, growing at a compound annual rate of 8.1% from 2023 levels (Statista).

Logistics costs represent 10-15% of global GDP on average, though this percentage varies significantly by country efficiency.

Global merchandise trade totaled $33 trillion in 2024, up 3% from 2023, driving increased logistics demand.

The logistics industry employs over 120 million people worldwide, making it one of the largest employment sectors globally.

Logistics Market Size by Country

Country/Region	Market Size	Year	GDP	% of GDP
United States	$2.58 trillion	2024	$29.18 trillion	8.8%
China	$1.86 trillion	2023	$18.27 trillion	10.2%
India	$532 billion	2025	$4.19 trillion	12.7%
Japan	$159 billion	2025	$4.19 trillion	3.8%
Africa	$415 billion	2025	$2.85 trillion	14.6%
Germany	$415 billion	2025	$4.74 trillion	8.7%
France	$316 billion	2025	$3.13 trillion	10.1%
Canada	$307 billion	2024	$2.24 trillion	13.7%
Italy	$245 billion	2025	$2.46 trillion	10%
United Kingdom	$229 billion	2025	$3.84 trillion	6%
South Korea	$208 billion	2025	$1.83 trillion	11.4%
Nordics	$195 billion	2025	$1.91 trillion	10.2%
Benelux	$165 billion	2025	$2.05 trillion	8%
Spain	$150 billion	2025	$1.76 trillion	8.5%
Mexico	$117 billion	2024	$1.85 trillion	6.3%
Netherlands	$95 billion	2025	$1.27 trillion	7.5%
Australia	$95 billion	2024	$1.75 trillion	5.4%
Poland	$85 billion	2025	$980 billion	8.7%
Baltics	$24 billion	2025	$175 billion	13.7%

North America Logistics Market

The United States logistics market reached $2.58 trillion in 2024, according to the Council of Supply Chain Management Professionals' 36th Annual State of Logistics Report.

U.S. logistics costs represent 8.8% of GDP in 2024, up from the historical 15-year average of 7.4-7.8%.

U.S. logistics costs peaked at $2.3 trillion in 2022 (9.1% of GDP) during supply chain disruptions before moderating to current levels.

The U.S. trucking industry alone generated $987 billion in revenue in 2023, moving 11.18 billion tons of freight.

Canada's logistics market is valued at $306.7 billion in 2024, projected to grow at 7.5% CAGR through 2030.

Mexico's logistics market totals approximately $116.9 billion in 2024, growing rapidly due to nearshoring trends.

Mexico became the U.S.'s largest trading partner in 2024 with $840 billion in bilateral trade, surpassing China for the first time.

North America's combined logistics market exceeds $3 trillion, making it the second-largest regional market after Asia-Pacific.

Europe Logistics Market

Germany operates the largest European logistics market at €365 billion ($415 billion) in 2025.

Germany has over 3.5 million people employed in logistics, representing over 7% of total employment.

The United Kingdom's logistics market is valued at £170 billion ($229 billion) in 2025, with the sector contributing 6% to UK GDP.

France's logistics market size is approximately €270 billion ($316 billion) in 2025.

The Netherlands logistics market size is approximately €85 billion ($95 billion) in 2024, with the Port of Rotterdam handling 440+ million tons annually.

Italy's logistics market is estimated at €220 billion ($245 billion) in 2025, serving as Southern Europe's logistics hub.

Spain's logistics market is valued at €135 billion ($150 billion) in 2025, with Barcelona and Valencia serving as key Mediterranean gateways.

The Nordic region's combined logistics market stands at €175 billion ($195 billion) in 2025, with Sweden and Denmark leading in logistics efficiency.

Poland has emerged as Central Europe's logistics hub with its logistics market at €76 billion ($85 billion) in 2025, driven by e-commerce and manufacturing growth.

Benelux's logistics market totals €150 billion ($165 billion) in 2025, handling 33.54 million TEU in container port traffic.

The Baltics' logistics market reaches €22 billion ($24 billion) in 2025.

Asia-Pacific Logistics Market

China's logistics market totaled 13.2 trillion yuan ($1.86 trillion) in 2023, making it Asia's largest logistics market.

China's logistics costs represent 14.4% of GDP, significantly higher than developed economies at 8-10%.

China handled 132 billion express delivery parcels in 2023, more than the rest of the world combined.

India's logistics market is valued at $532 billion in 2025.

India's logistics costs consume 13% of GDP, nearly double the rate of developed nations.

India aims to reduce logistics costs from 13% to 8-9% of GDP by 2030 through its National Logistics Policy.

Japan's logistics market totals approximately $159 billion in 2023, operating at only 3.8% of GDP - one of the world's most efficient.

Australia's logistics market reached $94.5 billion in 2024, supported by a $120 billion government infrastructure pipeline through 2032.

Southeast Asia's combined logistics market exceeds $200 billion, with rapid growth in Vietnam, Thailand, Indonesia, and Singapore.

Singapore serves as Asia's premier logistics hub, ranked #1 globally on the World Bank's Logistics Performance Index with a score of 4.3.

Logistics Market Size by Sector

Road Freight & Trucking Market

The global road freight market is valued at $2.2 trillion in 2024, projected to reach $3.4 trillion by 2030 at 5.4% CAGR.

Road freight is the largest logistics sector by revenue, accounting for approximately 23% of the global logistics market.

U.S. trucks moved 11.18 billion tons of freight in 2023, representing 72.6% of all domestic freight by weight.

The U.S. trucking industry generated $987 billion in revenue in 2023, up from $940 billion in 2022.

The U.S. trucking industry employs 3.58 million truck drivers as of 2024, making it one of the largest employment sectors.

The U.S. faces a truck driver shortage of 78,000 drivers in 2024, projected to reach 160,000 by 2030 without intervention.

European road freight market totals approximately $900 billion, with Germany, France, and Poland as the largest markets.

Third-Party Logistics (3PL) Market

The global 3PL market reached $1.17 trillion in 2023, growing at 4-5% annually.

The U.S. 3PL market totaled $299.5 billion in 2023, accounting for approximately 26% of the global market.

North America's 3PL market reached $350 billion in 2023, including both U.S. and Canadian operations.

Europe's 3PL market is valued at approximately $380 billion, with strong growth in contract logistics and e-commerce fulfillment.

Asia-Pacific's 3PL market exceeds $350 billion, driven by manufacturing outsourcing and e-commerce growth.

86% of Fortune 500 companies use third-party logistics providers for at least some portion of their supply chain operations.

Domestic transportation is the most outsourced 3PL service at 86% adoption, followed by international transportation at 57%.

Warehousing & Storage Market

The global warehousing and storage market is valued at $536.26 billion in 2024, growing at 6.17% CAGR.

The U.S. warehousing sector generates approximately $195 billion annually, employing nearly 1 million workers.

Cold storage capacity in the U.S. reached 4.1 billion cubic feet in 2024, representing one of the fastest-growing subsectors.

E-commerce fulfillment centers account for 30% of new warehousing construction in major U.S. markets.

Automated warehouses are growing at 14% CAGR globally, driven by labor shortages and efficiency demands.

Air Cargo Market

Global air cargo demand grew 11.3% in 2024, marking the strongest annual growth on record.

Asia-Pacific airlines led air cargo growth at 13.2% in 2024, followed by Middle Eastern carriers at 11.7% and North American carriers at 10.8%.

Air cargo yields remained 39% above pre-pandemic 2019 levels despite capacity increases.

E-commerce now accounts for over 50% of air cargo volumes from Asia, driving demand for express services.

IATA projects air cargo volumes will reach 72.5 million tonnes in 2025, representing 5.8% growth over 2024.

Air cargo capacity increased 8.8% in 2024, but demand growth of 11.3% kept load factors elevated.

Maritime & Ocean Freight Market

Global maritime trade reached 12.3 billion tons in 2023, growing 2.4% from 2022.

Ocean freight carries approximately 80% of global trade by volume, making it the backbone of international commerce.

Asia's ports handle 63% of global container traffic, cementing the region's dominance in maritime logistics.

Ocean freight rates more than doubled in 2024 due to Red Sea disruptions, particularly affecting container shipping routes.

The global container shipping market is valued at approximately $200 billion, with the top 10 carriers controlling 85% of capacity.

Global port throughput exceeded 850 million TEUs (twenty-foot equivalent units) in 2023, with China's ports handling over 300 million TEUs.

Rail Freight Market

The U.S. rail freight market is valued at nearly $80 billion, operating 140,000 route miles across seven Class I railroads.

Rail moves 40% of U.S. long-distance freight, specializing in bulk commodities, intermodal containers, and automotive transport.

European rail freight market totals approximately $55 billion, with strong growth driven by sustainability mandates and modal shift policies.

Historical Logistics Market Growth (2020-2024)

The global logistics market was valued at $9 trillion in 2020, representing 10.7% of global GDP during the pandemic year.

The market grew to approximately $9.41 trillion by 2023, recovering from pandemic disruptions.

U.S. logistics costs exploded from $1.85 trillion in 2021 to $2.3 trillion in 2022, a 24% increase driven by supply chain chaos.

U.S. logistics costs peaked at 9.1% of GDP in 2022, the highest level recorded since CSCMP began tracking in the 1980s.

Container freight rates increased 400-500% above 2019 levels during 2021-2022, creating unprecedented cost pressures.

Global trade volumes dropped up to 22% in Q2 2020 during initial COVID-19 lockdowns.

The logistics market stabilized in 2023-2024 as freight rates normalized and capacity constraints eased.

E-commerce penetration surged from 16% to 21% of retail during 2020-2024, permanently reshaping logistics demand.

Projected Logistics Market Growth Through 2029

The global logistics market will grow from $9.41 trillion in 2023 to $14.39 trillion by 2029, representing 53% growth over six years.

The logistics market is growing at 8.1% CAGR from 2023-2029, accelerating from the 5.6% rate seen in 2020-2023.

Year-by-year market projections:

2024: $10.17 trillion (+8.1%)
2025: $11.00 trillion (+8.2%)
2026: $11.89 trillion (+8.1%)
2027: $12.85 trillion (+8.1%)
2028: $13.89 trillion (+8.1%)

Air cargo volumes will reach 72.5 million tonnes in 2025, up 5.8% from 2024 levels.

E-commerce logistics is growing at 12.9-26.4% CAGR, far exceeding overall market growth.

Asia-Pacific will contribute approximately 50% of world trade growth through 2030, maintaining the region's logistics dominance.

Last-mile delivery costs are projected to increase 25% by 2028 due to labor costs and urban congestion.

Cold chain logistics will reach $585 billion by 2030, driven by pharmaceutical and food distribution growth.

Key Industry Drivers and Technology Trends

Global e-commerce sales are approaching $6.3 trillion in 2024, driving exponential growth in fulfillment and last-mile delivery.

Same-day delivery expectations increased from 15% to 41% of consumers between 2020-2024.

Only 10% of logistics companies have deployed AI at scale as of 2024, despite widespread experimentation.

70% of logistics companies expect to complete digitization by 2025, accelerating from pre-pandemic levels.

AI is projected to boost logistics productivity by 20% by 2035.

Electric vehicle adoption in logistics will reach 250 million vehicles by 2030, up from 45 million in 2023.

Autonomous vehicle testing in logistics has reached 100+ pilot programs globally, though full deployment remains years away.

IoT sensors in logistics will reach 41 billion devices by 2027, which enables real-time supply chain visibility.

The truck driver shortage in the U.S. reached 78,000 in 2024, threatening capacity growth without technology solutions.