Global logistics market to reach $15.6B by 2032 on e-commerce, tech adoption

The global logistics and supply chain market is projected to expand to US$15.65 billion by 2032, up from US$9.66 billion in 2024, according to a new industry report from SNS Insider Strategy and Stats.

The forecast represents a compound annual growth rate of 6.22 per cent from 2025 to 2032, driven largely by the boom in e-commerce, rising global trade and the adoption of technologies such as artificial intelligence, the Internet of Things and blockchain.

Cold chain demand in pharmaceuticals and food, along with automation and sustainability initiatives in warehousing, are also fueling growth.

North America remains the largest market, accounting for 34.58 per cent of global revenue, while the Asia-Pacific region is expected to grow the fastest, at a rate of 6.9 per cent.

In the U.S., the logistics and supply chain market was valued at US$1.19 billion in 2024 and is expected to hit US$1.82 billion by 2032, expanding at 5.49 per cent annually.

Transportation services, led by road transport, which captured 45.17 per cent of the 2023 market, remain the backbone of the sector, with companies such as FedEx, UPS and DHL investing in electric fleets, AI-driven optimization and automation.

Freight forwarding is forecast to be the fastest-growing segment, expanding at 7.67 per cent annually, as global trade complexities drive demand for digitized, multi-modal solutions.