Top Companies in Logistics Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Logistics Market is projected to reach a value of USD 570.9 Billion by 2030 at a CAGR of 11.8% over the forecast period.
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Vantage Market Research has recently published a new report on “Logistics Market” Global Industry Assessment & Forecast to identify key trends and challenges. The report offers insights into the competitive landscape, prospects, and key investment considerations for businesses operating in the Logistics market. Some of the key statistics in the report highlight that Global Logistics Market was valued at USD 261.5 Billion in 2022 and is projected to reach a value of USD 570.9 Billion by 2030 at a CAGR of 11.8% over the forecast period. The global Logistics market will continue to expand due to increased demand from end users, manufacturing, consumer goods and retail, food and beverages, IT & hardware, telecom, healthcare, and others.
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The Global Logistics market is dominated by well-known players like J.B. Hunt Transport Services, Inc. (U.S.), CEVA Logistics AG (France), XPO, Inc. (U.S.), Global Leader Corp. (Malaysia), Kenco Group Inc. (U.S.), Deutsche Post AG (Germany), Kuehne+Nagel International AG (Switzerland), FedEx Corporation (U.S.), United Parcel Service, Inc. (U.S.), A.P. Moller–Maersk A/S (Denmark).
Let’s Take a Look at the Top Market Players that are Captivating the Logistics Market
- J.B. Hunt Transport Services, Inc. (U.S.)
Located in Lowell, Arkansas, J.B. Hunt Transport Services, Inc. is a transportation and logistics firm in the United States. On August 10, 1961, Johnnie Bryan Hunt and Johnelle Hunt established it in Arkansas. J.B. Hunt expanded to become the 80th-largest trucking company in the U.S. by 1983.
- CEVA Logistic AG (France)
The freight management and contract logistics divisions of CEVA Logistics are part of the worldwide logistics and supply chain industry. It was established in 2007 due to the combination of TNT Logistics and EGL Eagle Global Logistics and had its headquarters in Marseille, France.
- XPO Inc. (U.S.)
XPO Inc. is an American transportation company that conducts less-than-truckload shipping in North America. The company’s headquarters are located in Greenwich, Connecticut, U.S., and they have 564 locations globally.
- Global Leaders Corp. (Malaysia)
Global Leaders Corporation provides start-up advisory and corporate consulting services focusing on targeting start-up companies and entrepreneurs in the Asia-Pacific Region.
- Kenco Group Inc. (U.S.)
Kenco Group, or Kenco, is a privately held Chattanooga, TN-based company that provides logistics services. Kenco specializes in distribution and fulfillment, transportation management, material handling services, and warehouse real estate management.
- Deutsche Post AG (Germany)
German worldwide package transportation and supply chain management corporation Deutsche Post AG, doing business as Deutsche Post DHL Group, is based in Bonn, Germany. It is among the biggest courier services in the world.
- Kuehne + Nagel International AG (Switzerland)
The Kuehne + Nagel International AG transports freight worldwide. The Company operates sea, land, and rail freight transportation businesses and warehousing and distribution facilities. Kuehne + Nagel also provides related special services.
- FedEx Corporation (U.S.)
The FedEx Corporation, formerly the Federal Express Corporation and later the FDX Corporation, is a Memphis, Tennessee-based international conglomerate holding company emphasizing business services, e-commerce, and transportation.
- United Parcel Service Inc. (U.S.)
Founded in 1907, United Parcel Service is an American provider of supply chain management, international shipping, and receiving services. Formerly known as the American Messenger Corporation, which specializes in telegraphs, UPS has grown to become one of the biggest shipping carriers in the world and a Fortune 500 corporation.
- P.Moller Maersk A/S (Denmark)
A.P. Moller - Maersk A/S operates as an integrated transport and logistics company. The Company offers container vessels, supply ships, special vessels, terminals, tugboat activities, and reefer container box manufacturing. A.P. Moller-Maersk serves clients worldwide.
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