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Global Logistics Market Surges to €5.32 Trillion in 2024

10/9/2025

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Summary

Story summary

The global logistics market reached €5.32 trillion in 2024 and is projected to grow 3.8% by 2029.
E-commerce logistics grew 14.1% in 2024, led by platforms such as Shein and Temu.
The European Union (EU) ban on Russian oil imports extends voyage distances, boosting freight rates. Defense spending and reconstruction are expected to boost logistics networks and economic growth.

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Story summary

The global logistics market reached €5.32 trillion in 2024 and is projected to grow 3.8% by 2029.
E-commerce logistics grew 14.1% in 2024, led by platforms such as Shein and Temu.
The European Union (EU) ban on Russian oil imports extends voyage distances, boosting freight rates. Defense spending and reconstruction are expected to boost logistics networks and economic growth.