The logistics nodes market has grown rapidly, increasing from $23.83 billion in 2023 to $26.92 billion in 2024, with a compound annual growth rate (CAGR) of 13.0%. This growth is driven by fuel price changes, inflation rates, consumer spending patterns, and infrastructure expansion. The market is projected to reach $44.07 billion by 2028, growing at a CAGR of 13.1%. Key future growth drivers include sustainability initiatives, climate change adaptation, and enhanced cybersecurity measures. Major trends include automated warehouses, e-commerce growth, big data analytics, and integration of various transportation modes.
Major Driver In The Logistics Nodes Market
The logistics nodes market is poised to expand with the surge in e-commerce. The growing e-commerce sector requires effective last-mile delivery and cargo management solutions. Consumer e-commerce in the UK is projected to reach $285.60 billion by 2025. The logistics nodes market, valued at $4 billion in 2023, is expected to grow to $4.8 billion in 2024 and $7 billion by 2028.
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Logistics Nodes Market Competitive Landscape
CEVA Logistics, Kuehne + Nagel, DB Schenker, C.H. Robinson Worldwide Inc., DSV A/S, Expeditors International, Sinotrans Logistics, GEODIS, Dachser Group SE & Co. KG, Penske Logistics, Prologis Inc., Schneider National Inc., Hellmann Worldwide Logistics, Hub Group Inc., XPO Inc., Americold Logistics Inc., Aramex, Bolloré Logistics, Lineage Inc., Blue Dart Express Limited, FedEx, YUSEN LOGISTICS CO. LTD., United Parcel Service of America Inc., Toll Holdings Limited
Key Logistics Nodes Market Trend
The logistics nodes market is adopting advanced visual artificial intelligence technology to enhance data accuracy and expedite carrier processes. RXO Inc., a US-based transportation solutions provider, launched an AI-powered truck check-in system in January 2024. This system utilizes machine learning and computer vision to automate trailer number capture and appointment matching at warehouses and distribution centers. By reducing carrier wait times and minimizing errors, this technology improves operational efficiency and accuracy in high-traffic areas.
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Logistics Nodes Market Segmentation
The logistics nodes market covered in this report is segmented –
1) By Transportation Mode: Road, Rail, Air, Sea
2) By Organization Size: Large, Small And Medium
3) By Vertical: Automotive, Retail And E-Commerce, Healthcare, Industrial, Other Verticals
By Geography:The regions covered in the logistics nodes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the logistics nodes market in 2023.
The Logistics Nodes Global Market Report 2024 furnishes information about the global logistics nodes market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
