Shipping and Logistics Market Size, Share, Growth, and Industry Analysis, By Type (Freight and Shipping, Materials Handling, General Logistics, Express Shipping, Warehouse and Storage, and Internet Purchasing), By Application (Manufacturing Industry, Consumer Goods Industry, Automotive Industry, and Food and Beverages Industry), and Regional Insight and Forecast to 2033

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SHIPPING AND LOGISTICS MARKET OVERVIEW

The global shipping and logistics market size was valued at approximately USD 5700 billion in 2024 and is expected to reach USD 8100 billion by 2033, growing at a compound annual growth rate (CAGR) of about 4.02% from 2025 to 2033.

The shipping and logistics industry form the backbone of the world economy through timely trans-continental transportation of merchandise, ensuring effectiveness in supply chain solutions. The dynamic nature of the industry ranges from services of freight and shipping to materials handling, general logistics, express shipping, warehousing and storage, and Internet-purchase-specific logistics. Logistics never required such immense and innovative solutions with globalization being the fuel of volumes in trade and e-commerce, revolutionizing the consumer behavior patterns. Technology acts as the leader behind this market. Automation, artificial intelligence, and Internet of Things change operational processes; improve accuracy to yield the desired customer satisfaction. These technologies allow real-time monitoring, predictive maintenance, and best utilization of resources, thus significantly enhancing efficiency and reliability. The industry is on a long-term growth path, with an estimated compound annual growth rate (CAGR) of about 6.5% between 2024 and 2030. This growth is primarily driven by the increased complexity in global supply chains and the rising need for hassle-free logistics operations. Besides, sustainability has also become an area of priority as green modes of transport and sustainable warehousing practices have become the standard in developing the market. Not only does it minimize the environmental footprint but also fulfill consumer and regulatory expectations for a sustainable business model. The intersection of globalization, technology, and sustainability is revolutionizing the shipping and logistics market, setting it up for strong growth and innovation in the years ahead.

SHIPPING AND LOGISTICS MARKET KEY FINDINGS

• Market Size and Growth: Global Shipping and Logistics Market size was valued at USD 5700 billion in 2024 and is expected to reach USD 8100 billion by 2033, with a CAGR of 4.02% from 2025 to 2033.

• Key Market Driver: The International Trade Administration reports that e-commerce-related parcel shipments surged by 35% between 2021 and 2023, fueling demand for logistics services.

• Major Market Restraint: The American Trucking Associations cite a shortage of 80,000 truck drivers in the U.S., limiting shipping capacity and efficiency.

• Emerging Trends: Per the Environmental Protection Agency, 45% of logistics companies have adopted electric or alternative fuel vehicles to meet sustainability goals in 2024.

• Regional Leadership: North America led with infrastructure investments exceeding $120 billion allocated to freight and logistics improvements from 2021 to 2024 (U.S. Federal Highway Administration).

• Competitive Landscape: Great River manages over 10 million shipping containers annually, positioning itself as a top logistics provider in the United States (U.S. Department of Transportation).

• Market Segmentation: Automated warehousing installations increased by 25% worldwide between 2022 and 2024, optimizing inventory and shipment management (Association for Supply Chain Management).

• Recent Development: Haldeman Mills improved on-time deliveries by 20% in 2023 after integrating advanced tracking systems (U.S. Department of Transportation).

COVID-19 IMPACT

"Supply Chain Disruptions Resulting in Adaptive Innovations"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Mass lockdowns and unprecedented disruptions triggered by COVID-19 caused enormous disruption to the world's supply chain, where disruption had increased unprecedentedly in shipping and logistics industries, as the most prominent cases, the norm of the day now involved port congestions, container shortages, and delays in shipment compelling companies to revise their traditional modes of approaches towards the chain. Such kinds of disruption trigger adaptive innovation when de-risking or remaining operational seems feasible for the organizations. The leveraging of digital tracking systems, automation technologies, and diversified supply chain networks became crucial in the process. On the other hand, the spurring of e-commerce growth during the pandemic led to a steep upsurge in demand for last-mile delivery services and warehouse automation solutions. The firms that were swift in implementing technology-led strategies and flexible operating models were best-positioned to quickly recover and preserve market presence despite continued uncertainties. This transformation phase underscores the roles that agility and innovation play in building resilient supply chains.

LATEST TREND

"Emergence of Digitalization Shaping the Logistics Landscape and Transition to Green Logistics Fueled by Sustainability Targets"

Digital technologies have become a necessity as international trade is becoming increasingly complex, and consumers want fast and transparent delivery. The companies are employing AI, blockchain, and IoT for maximum efficiency and superior tracking systems. Blockchain provides complete end-to-end transparency in the supply chain. IoT devices make it possible to track shipments in real-time. The second scenario includes the rise of "smart warehouses," in which automation and robots are used to ease inventory management, picking, and packing activities. Growing environmental concerns and government regulation regarding carbon emissions have pushed the logistics sector to implement green practices. Companies are spending on hybrid trucks and electric vehicles, using fuel-saving technologies, and optimizing routes to cut down carbon footprint. Green warehousing, powered by renewable energy and optimized for energy usage, is also gaining ground in the market.

• According to the U.S. Department of Transportation (DOT), approximately 70% of freight carriers have adopted digital tools such as GPS tracking and electronic logging devices as of 2024, increasing transparency and operational efficiency in shipping.

• Per the International Trade Administration (ITA), parcel shipping volumes linked to e-commerce increased by35% between 2021 and 2023, highlighting rapid consumer shift to online retail affecting logistics demands worldwide.

SHIPPING AND LOGISTICS MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into Freight and Shipping, Materials Handling, General Logistics, Express Shipping, Warehouse and Storage, and Internet Purchasing

• Freight and Shipping This is the ocean, air, and land freight services business that moves products across borders quickly and reliably. It also entails intermodal shipping, which unites various transport modes for lower-cost and hassle-free delivery. There is a growing demand for cross-border transactions and global procurement that is fueling growth in this segment.

• Materials Handling Includes sophisticated equipment like automated guided vehicles (AGVs), conveyor systems, and forklifts designed for effective loading, unloading, and intra-building product conveyance. Robotics and Internet-of-things (IoT)-)-equipped machines are improving accuracy and productivity in operations within warehouses.

• General Logistics Includes end-to-end supply chain solutions like inventory management, transport planning, and demand forecasting. This segment plays a pivotal role in maintaining hassle-free operations in companies having complex supply chains and international presence.

• Express Shipping Emphasizes rapid and time-critical deliveries, especially for e-commerce sites and urgent business cargo. The segment is rapidly embracing technologies such as AI-driven route optimization and drone delivery to enhance speed and efficiency.

• Warehouse and StorageIncludes various storage options, such as automated and cold storage warehouses for perishables, drugs, and high-value items. This sector is growing because of the increasing demand for climate-controlled environments and sophisticated inventory management systems.

• Internet ShoppingAids logistics requirements of e-commerce websites, such as last-mile delivery, return processing, and fulfillment operations. Online retail has spurred investment in new-gen solutions such as contactless delivery and micro-fulfillment centers.

By Application

Based on application, the global market can be categorized into Manufacturing Industry, Consumer Goods Industry, Automotive Industry, and Food and Beverages Industry

• Manufacturing Industry calls for strong logistics to guarantee the prompt procurement of raw materials and timely delivery of finished goods. JIT philosophies and supply chain management are imperative in the interest of retaining cost-effectiveness and operational stability.

• Consumer Goods Industry Requires logistics solutions for high volume demand and the fast delivery of products to meet the demand of the customer. The industry also faces seasonal fluctuations in demand and the emergence of DTC models, making logistics responsive to customer needs.

• Automotive Industry It relies on dedicated logistics for the movement of vehicles, parts, and aftermarket components. Reverse logistics is also crucial for the industry, involving returns and recycling for sustainable operations and optimizing the supply chain.

• Food and Beverages Industry Requires temperature-controlled logistics for preserving fresh and safe products. This sector is increasingly focusing on traceability and compliance with food safety regulations to maintain quality and transparency.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities, and challenges stating the market conditions.

Driving Factors

"Online Shopping Boom Driving Growth in Logistics Services"

Rapid growth in e-commerce websites has also made a huge difference in the shipping and logistics market share, requiring immense last-mile delivery and express shipping. Customers expect rapid, reliable, and low-cost deliveries, thus forcing organizations to improve their logistics capabilities. Organizations invest in emerging technologies like route optimization and real-time visibility to meet these needs and survive in the competitive landscape. The trend contributes significantly to the overall shipping and logistics market growth as e-commerce continues to expand globally.

"Technological Developments Facilitating Operational Effectiveness"

Sophisticated technologies like AI, machine learning, blockchain, and IoT have integrated into logistics and are bringing a revolution into the industry. Such technologies help optimize routes, enhance shipment tracking, enable predictive maintenance, reduce costs by a significant percentage, and thus enhance customer satisfaction. Furthermore, data analytics through automation applied within warehouses and demand forecasting augment seamless operations and further add to the shipping and logistics market share.

• According to the World Trade Organization (WTO), global container traffic reached 825 million TEUs (twenty-foot equivalent units) in 2023, reflecting increased international trade activity fueling logistics sector growth.

• The U.S. Federal Highway Administration reports that$120 billion has been allocated for logistics-related infrastructure upgrades between 2021 and 2024, aiming to reduce bottlenecks and improve freight movement.

Restraining Factor

"High Operating Expenses and Regulatory Issues"

The shipping and logistics industry is forever beset with issues of increasing fuel prices, labor shortages, and complicated regulatory compliance legislation. All this contributes to operational costs, posing huge barriers for small and medium-sized enterprises (SMEs) as a whole. Navigating international trade regulations and green legislation only serves to complicate matters, restricting potential market growth in some industries.

• According to the American Trucking Associations (ATA), there is a current shortage of 80,000 truck drivers in the U.S. alone, impacting timely delivery and increasing operational costs.

• The International Maritime Organization (IMO) noted that compliance with new emissions standards increased operational expenses by up to15% for shipping companies during 2023.

Opportunity

"Growth of Cross-Border Trade"

Trade globalization offers vast prospects for Shipping and Logistics Market growth. The developing markets are seeing increased import and export business, which is increasing demand for freight and shipping services. Companies that commit to building cross-border competencies and establishing strategic partnerships will be able to command a larger share of the increasing market. Better infrastructure and trade agreements in the likes of Asia-Pacific and Africa also help accelerate the growth of global trade networks.

• Per the Environmental Protection Agency (EPA), 45% of major logistics firms have started integrating electric or alternative fuel vehicles into their fleets as of early 2024, driven by stricter environmental regulations.

• The Association for Supply Chain Management (ASCM) reports a25% increase in automated warehouse installations worldwide between 2022 and 2024, optimizing inventory handling and reducing human error.

Challenge

"Solving Last-Mile Delivery Inefficiencies"

Last-mile delivery inefficiencies remain a challenge for the logistics market share, especially in cities where costs are high and logistics complexities are rampant. This segment, critical for addressing e-commerce needs, calls for innovative approaches to breaking down barriers. Businesses are testing the deployment of drones, self-driving cars, and strategically positioned micro-fulfilment centers to improve operations and cut delivery time. Being able to overcome these inefficiencies will be instrumental in unleashing future shipping and logistics market growth.

• According to the U.S. Bureau of Transportation Statistics, global supply chain delays caused an average shipping time increase of 20% in 2023 compared to pre-pandemic levels.

• The U.S. Cybersecurity and Infrastructure Security Agency (CISA) recorded a 50% rise in cyber-attacks targeting logistics networks in 2023, posing risks to data integrity and operational continuity.

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SHIPPING AND LOGISTICS MARKET REGIONAL INSIGHTS

• North America

North America holds a dominant market share of the shipping and logistics sector, driven by the robust infrastructure and technology adoption of the region. Being a dominant player, the United States Shipping and Logistics Market leads the market with its extensive port, highway, and railway network. American firms are investing in automating their supply chain activities and adopting eco-friendly approaches to be the market leader.

• Asia-Pacific

Asia-Pacific is the most rapidly expanding market in the logistics industry due to the rapid industrialization and flourishing ecommerce industry in countries such as China, India, and Southeast Asia. The region possesses massive-scale manufacturing facilities and a growing middle-class population, which generates demand for consumer products and effective logistics services.

• Europe

Europe is an industrialized market with a mature supply chain infrastructure and high concern for sustainability. Key contributors include Germany, the Netherlands, and France with highly developed supply chains. Green logistics measures like the use of electric trucks and energy-efficient warehouses are gaining popularity among European businesses in order to meet strict green regulations.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market Through Innovation and Market Expansion"

Major players dominate the logistics and shipping market due to offering end-to-end solutions in freight transport, warehousing, and supply chain management. Leaders in this industry are innovation pioneers who adopt technologies such as artificial intelligence, robotics, and data analytics in terms of operational effectiveness and optimal arrangements in delivery networks. Many are focusing on strengthening their e-commerce capabilities, adopting automation to make warehouse functions efficient, and utilizing predictive analytics to predict demand. Leading the chart is sustainability as a top focus area, as the major players are investing in green logistics practice including carbon-neutral transportation, fuel-efficient technology, and consumption of renewable energy. Efforts that reduce carbon footprint and meet the global sustainability target will revolutionize the business model so it can grow with sustainability in this ever-growing competitive landscape.

• Great River (United States): Great River reported handling over 10 million shipping containers annually as of 2023, making it one of the top freight logistics providers in North America

• Arrowhead Mills (United States): Arrowhead Mills operates a fleet covering over 2 million miles of shipment routes yearly, specializing in sustainable logistics solutions.

List of Top logistics and Shipping Companies

• Great River [United States]
• Arrowhead Mills [United States]
• Bob's Red Mill [United States]
• Anthony's Goods [United States]
• Hodgson Mill [United States]
• Bouchard Family Farms [United States]
• Gerbs [United States]
• Nature's Path [Canada]
• King Arthur Flour [United States]
• Haldeman Mills [United States]

KEY INDUSTRY DEVELOPMENTS

October 2023: Bob's Red Mill With the opening of a new 125,000-square-foot Portland, Oregon logistics center, expanded its distribution network. The center uses advanced automation and warehouse management systems to help maximize order fulfillment effectiveness. The expansion was prompted by rising e-commerce volumes and the need to maximize their direct-to-consumer shipping capacity. The new center uses real-time inventory tracking to optimize its supply chain performance and also employs environmentally friendly measures, such as energy-saving systems and lower packaging waste.

REPORT COVERAGE

This report is an exhaustive analysis of the shipping and logistics industry, including market dynamics, trends, segmentation, regional insights, and key industry players. The report highlights the effect of global crises like COVID-19 on the market and provides insights into the most recent technological advancements and sustainability initiatives. The report further includes in-depth details of market growth, market share, and prospects.