27+ Logistics Statistics & Facts (Must Know in 2024)
Logistics is the backbone of global trade that ensures goods move efficiently from producers to consumers.
But just how does this complex system operate seamlessly?
With that in mind, we’ll cover key logistics statistics that reveal industry operations and emerging trends.
Logistics Statistics: Key Numbers
- The global logistics market was valued at $8.96 trillion in 2023 and estimated to grow to 15.79 trillion by 2028.
- The global logistics market is expected to grow at a CAGR of 6.3% between 2023 and 2028.
- By 2035, AI will increase logistics productivity by more than 40%.
- Logistics costs can account for up to 30% of total delivery costs.
- Transportation costs account for nearly 58% of total logistics expenses.
- The 10-year job outlook for logisticians is a 28% growth rate.
- The global logistics automation market was $65.25 billion in 2023 and is expected to reach $217.26 billion by 2033, growing 12.8% between 2024 and 2033.
- The green logistics market will reach $1.28 trillion in 2024 and $1.91 trillion by 2029 at a CAGR of 8.29%.
Source: (Precedence Research, Federal Highway Administration, The Geography of Transport Systems, Mordor Intelligence)
Global Logistics Market Size
The global logistics market is projected to experience substantial growth over the next decade. Here is a year-by-year forecast of the industry’s expansion:
Year | Global Logistics Industry Size (Trillion) |
---|---|
2023 | $8.96 |
2024* | $9.97 |
2025* | $11.23 |
2026* | $12.67 |
2027* | $14.39 |
2028* | $15.79 |
2029* | $17.05 |
2030* | $18.23 |
2031* | $19.47 |
2032* | $20.69 |
2033* | $21.91 |
(* indicates an estimate or projection)
Source: Precedence Research
If you want to learn in more depth about the logistics and shipping industry, then we recommend you read these resource pages:
- Air Cargo Industry Statistics
- 3PL statistics: Discuss their importance and influence.
- Reserve logistics statistics: Discuss market growth, industries served, and how e-commerce is increasing product returns.
- Trucking Statistics: provide insights into this vital sector.
- Shipping Damage Statistics: Show you the true impact of shipping damage on business.
- Last Mile Delivery Statistics: Show how last mile delivery affects businesses today.
- Package Delivery Statistics: Highlight its importance and growth.
- Package Theft Statistics.
- Free Shipping Statistics
- Same Day Delivery Statistics
We hope the above logistics industry statistics resource will help you to go into detail about the logistics industry.
Global Logistics Market Growth Rate
The global logistics market is going through some serious ups and downs in growth over the next decade. Here’s a quick look at what’s coming year by year:
Year | Growth Rate (%) |
---|---|
2024 | 11.27 |
2025 | 12.63 |
2026 | 12.82 |
2027 | 13.58 |
2028 | 9.73 |
2029 | 7.98 |
2030 | 6.92 |
2031 | 6.80 |
2032 | 6.27 |
2033 | 5.90 |
Source: Contimod
Logistics Costs By Functions Statistics
Logistics costs are primarily driven by transportation with additional expenses in warehousing inventory management and administrative duties. Below is a breakdown of these cost components:
- Transportation: 58%
- Warehousing: 23%
- Inventory Carrying: 11%
- Administrative: 8%
Source: The Geography of Transport Systems
AI in Logistics Statistics
AI is reshaping the logistics industry driving enhanced efficiency and decision-making without limits to scale or speed. Discover how these advancements are impacting various aspects of the sector:
- By 2035, AI would boost logistics productivity by more than 40%.
- 36% of large, mid-size, and small businesses have successfully implemented AI for supply chain and logistics processes, and 28% of survey respondents are on the verge of doing so.
- Early adopters were able to reduce logistics costs by 15% by implementing AI.
- estimates that by integrating AI into their processes, logistics companies will generate $1.3 to $2 trillion in economic value each year for the next 20 years.
- Efficiency gains of up to 30% are being seen when using AI for local “last-mile” deliveries.
- Early transportation and logistics AI adopters have profit margins over 5%, while non-adopters are in the red.
Source: (Accenture, McCkinsey, Economist, Geektime, Business Insider)
Cybersecurity in Logistics Statistics
Cybersecurity is becoming increasingly important in logistics as many companies are facing everything from data breaches to costly cyberattacks. Here’s what the latest stats reveal about the challenges they face:
- 56% of logistics companies had a data breach in the past year.
- 71% of logistics companies experienced at least one cyberattack within the last year.
- 62% of logistics companies have encountered phishing attacks.
- The average logistics cyber attack costs $93,000.
- Logistics companies experienced 715% more ransomware attacks in 2020.
Source: (WorldMetrics, Linkedin, Zipdo)
Logistic Transport Mode
Logistics depends on different transport methods, and each one has its place in global trade. Here’s a breakdown of how they all compare:
- Ocean freight: 70%
- Road freight: 18%
- Rail freight: 9%
- Inland waterways: 2%
- Air freight: 0.25%
Source: MyDello