PUBLISHER: The Business Research Company | PRODUCT CODE: 1608755
PUBLISHER: The Business Research Company | PRODUCT CODE: 1608755
Inbound logistics encompasses the processes related to the reception, storage, and distribution of raw materials or goods necessary for a company to manufacture its products or deliver its services. This process represents the initial stage in the overall supply chain, emphasizing the transportation of materials from suppliers to the company's facilities.
Key functions of inbound logistics include transportation, warehousing, inventory management, procurement, and managing supplier relationships. Within inbound logistics, transportation refers to the movement of goods from suppliers to the company's premises, which involves coordinating various transport methods such as trucks, ships, planes, and trains to guarantee timely and efficient product delivery. Transportation methods encompass roads, railways, airlines, and waterways, applicable to primary inbound logistics, secondary inbound logistics, and cross-docking. End users of these logistics services include sectors such as retail and e-commerce, manufacturing, automotive, healthcare, food and beverage, consumer goods, aerospace and defense, among others.
The inbound logistics market research report is one of a series of new reports from the business research company that provides inbound logistics market statistics, including inbound logistics industry global market size, regional shares, competitors with an inbound logistics market share, detailed inbound logistics market segments, market trends and opportunities, and any further data you may need to thrive in the inbound logistics industry. This inbound logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The inbound logistics market size has grown strongly in recent years. It will grow from $1,462.52 billion in 2023 to $1,591.91 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The increase during the historical period can be linked to a growing demand for e-commerce, enhancements in inventory management systems, an increased emphasis on cost efficiency, the expansion of manufacturing sectors, and changes in trade regulations.
The inbound logistics market size is expected to see strong growth in the next few years. It will grow to $2,242.25 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The anticipated growth during the forecast period can be credited to the proliferation of sustainable and green logistics practices, a higher adoption rate of blockchain technology, an increasing need for real-time tracking and visibility, the broadening of global trade agreements, and the advancement of smart infrastructure and IoT solutions. Key trends expected in the forecast period include a greater reliance on automation and robotics, an intensified focus on real-time tracking and visibility, progress in blockchain technology, the implementation of predictive analytics for demand forecasting, and the creation of more adaptable and agile logistics networks to meet market demands.
The expansion of global trade is anticipated to drive growth in the inbound logistics market. Global trade involves the exchange of goods and services between countries worldwide and is expanding due to enhanced international cooperation, technological advancements, and increasing demand for diverse products across borders. Inbound logistics plays a crucial role in supporting global trade by ensuring the efficient and timely management of goods and materials from suppliers to production facilities, optimizing supply chains internationally. For instance, a report from the United Nations Conference on Trade and Development (UNCTAD) in July 2024 projected that global trade will approach $32 trillion in 2024, largely due to increased exports from China, India, and the US. The report also predicts an additional $250 billion in goods trade and $100 billion in services trade in the first half of 2024 compared to the latter half of 2023. Thus, the expansion of global trade is set to stimulate growth in the inbound logistics market.
Key players in the inbound logistics market are concentrating on advancements in supply chain visibility, particularly through real-time data analysis, to facilitate timely decision-making. Real-time data analysis enhances visibility, efficiency, and accuracy in inbound logistics by providing immediate insights into shipment status and location, enabling proactive management and streamlined operations. For example, in November 2023, FourKites Inc., a US-based technology firm, launched its Inbound Visibility Solution to improve end-to-end visibility for shipments and orders from suppliers. This solution offers predictive and precise management of inbound orders, featuring real-time data analysis, disruption identification with financial impact assessments, and comprehensive visibility of the order lifecycle from pre-tendering to delivery. Users can access critical supply chain information quickly through the integrated My Workspace dashboard, allowing for prompt action.
In August 2024, Blue Yonder Group, Inc., a US-based technology company, acquired One Network Enterprises for $839 million. This acquisition aims to enhance inbound logistics by improving visibility, efficiency, and agility in managing shipments and inventory, while also fostering stronger collaboration across the supply chain. One Network Enterprises specializes in cloud-based supply chain services, including inbound logistics.
Major companies operating in the inbound logistics market are Deutsche Post DHL Group, A.P. Moller - Maersk A/S, Kuehne + Nagel International AG, DSV A/S, DB Schenker Logistics, C.H. Robinson Worldwide Inc., FedEx Global Logistics Inc., Nippon Express Co. Ltd., CEVA Logistics AG, Sinotrans Limited, Ryder System Inc., Kerry Logistics Network Limited, Expeditors International of Washington Inc., XPO Logistics Inc., Toll Holdings Limited, Hellmann Worldwide Logistics SE & Co. KG, Yusen Logistics Co. Ltd., Dematic Corporation, Honeywell Intelligrated, Penske Logistics LLC, Siemens Logistics GmbH, Blue Yonder, Manhattan Associates Inc., Rhenus Logistics GmbH & Co. KG
North America was the largest region in the inbound logistics market in 2023. The regions covered in the inbound logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the inbound logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The inbound logistics market consists of revenues earned by entities by providing services such as logistics consulting, customs brokerage, supply chain coordination, dock management, and customs compliance. The market value includes the value of related goods sold by the service provider or included within the service offering. The inbound logistics market also includes sales of automated guided vehicles (AGVs), sorting systems, barcode scanners and RFID systems, and pallet racking systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Inbound Logistics Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on inbound logistics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for inbound logistics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The inbound logistics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.