According to a new report, published by KBV research, The Global Inbound Logistics Market size is expected to reach $2542.59 billion by 2031, rising at a market growth of 7.4% CAGR during the forecast period.
TMS solutions manage and optimize transportation networks. They help businesses plan, monitor, and execute the movement of goods, ensuring the most efficient routes are chosen. This technology provides real-time tracking, route optimization, and automated carrier selection, which helps reduce transportation costs and improve delivery timelines. Companies can gain better visibility into their supply chain by integrating TMS with WMS and other software solutions.
The Transportation segment is experiencing a CAGR of 6.8 % during the forecast period. Transportation is a fundamental component of inbound logistics, encompassing the movement of goods from suppliers to various destinations such as warehouses, factories, and distribution centers. As global supply chains expand, the need for efficient and reliable transportation solutions has grown significantly.
The Retail & e-commerce segment led the maximum revenue in the Global Inbound Logistics Market by End Use in 2023, thereby, achieving a market value of $630.2 billion by 2031. This can be attributed to the exponential growth of the e-commerce industry, which requires robust inbound logistics to manage the flow of goods from suppliers to warehouses and, ultimately, customers. The rise in online shopping and the demand for faster delivery times has driven the growth of inbound logistics within the retail and e-commerce sectors.
The Road segment is growing at a CAGR of 6.8 % during the forecast period. Road transport remains the dominant logistics mode for short to medium distances due to its flexibility and ability to reach locations without direct intermediary stops. It is essential for last-mile delivery, allowing direct shipment from warehouses or production facilities to stores, distribution centers, or individual consumers.
Full Report: https://www.kbvresearch.com/inbound-logistics-market/
The Asia Pacific region dominated the Global Inbound Logistics Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.0 trillion by 2031. The North America region is anticipated to grow at a CAGR of 6.7% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 7% during (2024 - 2031).
By Service
By End Use
By Mode of Transportation
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