PUBLISHER: The Business Research Company | PRODUCT CODE: 1619709
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619709
Manufacturing logistics involves the management and coordination of materials and products throughout the manufacturing process. This includes overseeing the movement, storage, and handling of raw materials, components, and finished products to ensure efficient and effective manufacturing operations.
The primary service types within manufacturing logistics include transportation, warehousing, distribution, and inventory management. Transportation encompasses the movement of goods and services between locations using various modes such as road, rail, air, or sea. Technologies such as the Internet of Things, artificial intelligence, machine learning, robotics and automation, cloud computing, and blockchain play a key role in enhancing these transportation services. These services support various industries, including automotive, aerospace, electronics, pharmaceuticals, food and beverage, textiles, and more.
The manufacturing logistics market research report is one of a series of new reports from The Business Research Company that provides manufacturing logistics market statistics, including manufacturing logistics industry global market size, regional shares, competitors with a manufacturing logistics market share, detailed manufacturing logistics market segments, market trends and opportunities, and any further data you may need to thrive in the manufacturing logistics industry. This manufacturing logistics market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The manufacturing logistics market size has grown rapidly in recent years. It will grow from $133.54 billion in 2023 to $146.97 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth during the historic period can be attributed to several factors, including the increasing adoption of logistics solutions, higher demand for efficient logistics services, a rise in trade-related agreements, and improvements in supply chain optimization.
The manufacturing logistics market size is expected to see rapid growth in the next few years. It will grow to $216.56 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The anticipated growth during the forecast period can be attributed to several factors, including increased globalization and international trade, rising demand for efficient supply chain management, a growing need for advanced logistics solutions, and the expansion of the e-commerce industry. Key trends expected to shape the future include technological advancements, the integration of blockchain technology, the development of integrated supply chain networks, greater technology integration into logistics operations, and innovative approaches to cross-border logistics.
The expansion of the e-commerce industry is expected to drive the growth of the manufacturing logistics market in the coming years. E-commerce involves the buying and selling of goods and services over the internet, covering various transactions including retail, wholesale, digital products, and services. The growth of e-commerce is fueled by increased global internet access, which broadens online shopping opportunities, along with advancements in supply chain and delivery solutions that ensure faster, more reliable shipping. Manufacturing logistics plays a crucial role in optimizing inventory management, production processes, and order fulfillment for e-commerce, ensuring timely and efficient product delivery. For example, in June 2022, Ecommerce Europe, a Belgium-based non-profit association, reported that the total e-commerce sector in Europe reached approximately $869 billion in 2021. This growth is expected to continue into 2022, with an 11% projected growth rate and a turnover of around $958 billion. As a result, the expanding e-commerce industry is driving the growth of the manufacturing logistics market.
Key players in the manufacturing logistics market are enhancing their offerings with innovative solutions such as logistics services on the open network for digital commerce (ONDC) to improve supply chain efficiency and integrate seamlessly with e-commerce platforms. ONDC refers to the integration of logistics providers into a decentralized network, enabling efficient and transparent supply chain management across various e-commerce platforms. For example, in November 2023, Mahindra Logistics, an India-based logistics service provider, launched its services on the ONDC. Initially, it offered same-day and next-day intra-city pick-up and delivery for all sellers on the platform. The company plans to expand its services to include mobility solutions, complete truck loads, and inter-city quick parcel delivery, covering up to 19,000 pin codes. This initiative aims to enhance logistics solutions for local direct-to-consumer brands and sellers, facilitating rapid integration and fulfillment within the ONDC ecosystem. Mahindra Logistics will also work with other ONDC Network members to support local direct-to-consumer (D2C) brands and sellers with efficient integration and fulfillment services.
In May 2023, Nippon Express Co., Ltd., a Japan-based logistics firm, acquired Cargo-Partner for $1.5 billion. This acquisition is intended to significantly expand Nippon Express's global logistics presence, particularly in Europe, to address stagnation in the Japanese domestic market and boost its competitiveness in air and ocean freight forwarding. The acquisition will allow Nippon Express to leverage the complementary strengths and customer bases of both companies. Cargo-Partner, based in Austria, specializes in manufacturing logistics services.
Major companies operating in the manufacturing logistics market are JD Logistics Inc., DHL Supply Chain North America Inc., UPS Supply Chain Solutions Inc., A.P. Moller - Maersk A/S, Kuehne + Nagel Inc., DSV Panalpina A/S, DB Schenker Logistics, C.H. Robinson Worldwide Inc., FedEx Supply Chain Inc., CEVA Logistics AG, Expeditors International of Washington Inc., Nippon Express Co. Ltd., Geodis S.A., Doosan Corporation Industrial Vehicle, GXO Logistics Inc., XPO Logistics Inc., Mitsubishi Logisnext Co. Ltd., Jungheinrich AG, Kalmar Global, Holman Enterprises, Clark Material Handling Company, Lonking Holdings Limited, Hangcha Group Co. Ltd., Haulotte Group, Greater Louisville Inc., Kane Logistics Inc
Asia-Pacific was the largest region in the manufacturing logistics market in 2023. The regions covered in the manufacturing logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the manufacturing logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The manufacturing logistics market consists of revenues earned by entities by providing services such as supplier management, supply chain coordination, production planning, order fulfillment, and quality control. 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.
Manufacturing 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 manufacturing 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 manufacturing logistics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The manufacturing 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.