PUBLISHER: The Business Research Company | PRODUCT CODE: 1546524
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546524
Logistics nodes are specific points within a logistics distribution network where products are stored, processed, or transported. They play a critical role in efficiently managing, consolidating, and distributing resources across different stages of production and consumption. These nodes also provide value-added services, enhancing the efficiency and customization of logistics operations.
The main transportation modes utilized by logistics nodes include road, rail, air, and sea. Road transportation involves the movement of goods or passengers via vehicles on roads, such as trucks, cars, buses, and motorcycles. It serves as a vital component of logistics infrastructure and everyday travel globally, catering to organizations of various sizes across industries such as automotive, retail and e-commerce, healthcare, industrial sectors, and others.
The logistics nodes market research report is one of a series of new reports from The Business Research Company that provides logistics nodes market statistics, including logistics nodes industry global market size, regional shares, competitors with a logistics nodes market share, detailed logistics nodes market segments, market trends and opportunities, and any further data you may need to thrive in the logistics nodes industry. This logistics nodes 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 logistics nodes market size has grown rapidly in recent years. It will grow from $23.83 billion in 2023 to $26.92 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth during the historic period can be attributed to several factors, including fluctuations in fuel prices, increasing inflation rates, shifts in consumer spending patterns, regulatory changes impacting logistics operations, and investments in the expansion or upgrading of transportation infrastructure such as ports, airports, railways, and highways.
The logistics nodes market size is expected to see rapid growth in the next few years. It will grow to $44.07 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to various factors including sustainability initiatives, adaptation to climate change, increased demand for energy efficiency, focus on resilience against disruptions, protection of sensitive data, and implementation of cybersecurity measures. Major trends expected during this period include the adoption of automated warehouses, the continued growth of e-commerce, greater reliance on big data analytics, integration of various transportation modes, and enhanced focus on efficient handling of returns and recycling processes.
The logistics nodes market is poised for growth driven by the rapid expansion of the e-commerce industry. E-commerce involves buying and selling goods and services online, facilitating transactions electronically without physical interaction, and leveraging technology to expedite commerce. This sector is expanding due to its convenience, accessibility, mobile commerce advancements, and the increasing penetration of the internet. Logistics nodes play a crucial role by enabling efficient last-mile delivery and managing the rising volume of goods through effective sorting, processing, and redistribution. For example, the International Trade Administration reported in November 2023 that consumer e-commerce accounted for 36.3% of the UK's total retail market as of January 2021, with projected revenues of $285.60 billion by 2025, growing at an annual average rate of 12.6%. Hence, the burgeoning e-commerce sector is a key driver of growth in the logistics nodes market.
Leading companies in the logistics nodes market are focusing on advancing visual artificial intelligence technology to enhance data accuracy and expedite processes for carriers. Visual artificial intelligence utilizes video recognition to automate tasks such as capturing trailer numbers and matching appointments when trucks arrive on-site. For instance, RXO Inc., a US-based transportation solutions provider, introduced an AI-powered truck check-in system for warehouses and distribution centers in January 2024. This system employs machine learning, computer vision, and word recognition to analyze video feeds from gatehouses, swiftly extracting critical details such as trailer numbers and appointment matches. It significantly reduces carrier wait times, eliminates errors, and minimizes truck delays at entry points. RXO plans to deploy this technology at other high-volume facilities and offer it as a standalone service to enterprises operating in busy environments.
In October 2023, GXO Logistics Inc., a US-based provider of contract logistics, acquired PFSweb to expand its service offerings into rapidly growing sectors such as cosmetics and luxury goods. This strategic acquisition enhances GXO's technological capabilities and enables it to provide comprehensive fulfillment and logistics services to its clients. PFSweb Inc., a US-based provider of eCommerce fulfillment and third-party logistics (3PL) services, strengthens GXO's position in servicing diverse industries with specialized logistical needs.
Major companies operating in the logistics nodes market are 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, Bollore Logistics, Lineage Inc., Blue Dart Express Limited, FedEx, YUSEN LOGISTICS CO. LTD., United Parcel Service of America Inc., Toll Holdings Limited
Asia-Pacific was the largest region in the logistics nodes market in 2023. The regions covered in the logistics nodes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the logistics nodes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The logistics nodes market includes revenues earned by entities by providing services such as warehousing, distribution, inventory management, and reverse logistics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
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.
Logistics Nodes 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 logistics nodes 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 logistics nodes ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The logistics nodes 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.