According to IMARC Group’s latest report, titled “North America Logistics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the North America logistics market size reached US$ 1,413.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,636.2 Billion by 2028, exhibiting a growth rate (CAGR) of 2.4% during 2023-2028.

Logistics refers to the detailed process of managing storage, procurement, and movement of resources from the origin point to their final destination. It mainly includes services, such as material handling, inbound and outbound transportation, inventory management, warehousing, etc. In addition to this, logistics assist in improving operational efficiency, maintaining supply chains, reducing overhead transportation costs, etc. As a result, these services find widespread applications across various sectors, including healthcare, manufacturing, food and beverage (F&B), FMCG, consumer electronics, retail, IT hardware, automotive, telecom, oil and gas, etc.

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North America Logistics Market Trends:

The escalating demand for foreign goods, especially in the emerging economies, is among the primary factors driving the market. Besides this, the development of a highly integrated supply chain network that links producers and consumers through several transportation modes, such as freight rail, ocean carrier, air and express delivery services, truck conveyance, etc., is further augmenting the market growth. The continuous advancements in logistics, including automated material handling equipment, biometrics, and GPS that aid organizations and businesses to work proficiently, are also catalyzing the market across North America. Apart from this, the expanding e-commerce industry and the increasing number of international trade activities are acting as significant growth-inducing factors. The rising need for green solutions by the leading manufacturers to reduce the environmental impact and improve the credentials of their businesses is also stimulating the market growth. Furthermore, the growing popularity of driverless vehicles and drones for enhancing operational efficiency and time of these services is expected to bolster the market in the coming years.

Key Market Segmentation:

The report has segmented the North America logistics market based on model type, transportation mode, end-use and country.

Breakup by Model Type:

  • 2 PL

  • 3 PL

  • 4 PL

Breakup by Transportation Mode:

  • Roadways

  • Seaways

  • Railways

  • Airways

Breakup by End-Use:

  • Manufacturing

  • Consumer Goods

  • Retail

  • Food and Beverages

  • IT Hardware

  • Healthcare

  • Chemicals

  • Construction

  • Automotive

  • Telecom

  • Oil and Gas

  • Others

Breakup by Country:

  • United States

  • Canada

Competitive Landscape With Key Players:

The competitive landscape of the North America logistics market has been studied in the report with the detailed profiles of the key players operating in the market.

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Key Highlights of the Report:

  • Market Performance (2017-2022)

  • Market Outlook (2023-2028)

  • Market Trends

  • Market Drivers and Success Factors

  • Impact of COVID-19

  • Value Chain Analysis

  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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