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Global logistics market size by region 2018

In 2018, the global logistics market was worth over 5.5 trillion euros. North America was the second largest region in that year, accounting for approximately 1.4 trillion euros.

Logistics in Asia Pacific

With roughly 2.4 trillion euros in size, the logistics market in the Asia Pacific is the largest one globally. The Asia Pacific region has the most postal offices in the world as well. The leading position of the region in the logistics industry could be explained mostly because of the importance of the Asia Pacific region in supplying most of the necessary trade goods globally. Since it was highly cost-effective for western companies to start moving the entire production of goods to less-developed countries in Asia, most of the companies today have their entire facilities performing from Asian countries. The expansion of trade routes and the shift of industrial production towards Asian countries contributed to the logistic market’s development immensely. Yet, when one looks at the distribution of leading logistics firms by the origin of the country, the leading firms are non-Asian headquartered. Besides, the Asia Pacific region has the world’s largest ports which grow at a continuous rate. PSA International, Hutchison Port Holdings, China Cosco Shipping and China Merchants Ports are four major marine terminal operators from the region.

PSA International

Singapore-based marine terminal operator, PSA International was founded in 1964 and improved its global reach strategically since then. For instance, PSA International was the leading marine terminal operator globally in 2018. During that period, the company handled over 60 million twenty-foot equivalent units (TEUs) during that period. The marine operator experienced a slump in its assets between 2009 and 2015. Yet, since 2016, the company recovered its level of assets held and by 2018 reaching its peak value of over 20 billion Singapore dollars. On the other hand, the revenue generated by PSA International has not recovered its peak value from 2011. Between 2009 and 2018 fiscal years, PSA International’s revenue fluctuated around four billion Singapore dollars, generating just over four billion Singapore dollars in the fiscal year of 2018.

Size of the global logistics market in 2018, by region

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Source

Release date

February 2019

Region

Worldwide

Survey time period

2018

Supplementary notes

Values have been rounded.
* Figure was calculated by deducting the rest of the regions from the total market size.

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Statistics on "Logistics industry worldwide"

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