Global Logistics Market 2020 - Analysis

Logistics Market Overview

The effective transportation and storage of goods have gained a great deal of emphasis in recent years contributing to the market’s expansion. Focused market reports associated with the healthcare industry among others lately have been made available by Market Research Future which issues reports on this industry. The market is foreseen to expand at a CAGR of 7.2 percent approximately in the forecast period.

As customer requirements have increased rapidly due to rising demand for local as well as international goods, the market is also undergoing rapid expansion. The economic growth rates globally and the rise in the global trade has increased the market size considerably. Government trade policies are also contributing to the growth of the market substantially. Development in the port-services, shipping, transportation, warehousing areas of the logistic chain are also important motivators for the development of the market.

Competitive Analysis

Ceva Holdings LLC (U.K.)

XPO Logistics Inc. (U.S.)

C.H. Robinson Worldwide, Inc. (U.S.)

FedEx Corp. (U.S.)

Expeditors International of Washington, Inc. (U.S.)

GEODIS (France)

DHL International GmbH (Germany)

DSV Global Transports and Logistics (Denmark)

A.P. Moller – Maersk (Denmark)

DTDC Express Limited (India)

Schenker AG (Germany), and other.

Logistics Market - Segmental Analysis

For the scope of this study, the global Logistics Market has been analyzed by three segments: logistic type, transportation type, and end-user vertical. On the basis of the transportation type, the Logistics Market is segmented into airways, waterways, railways, and roadways. On the basis of logistic type, the Logistics Market has been segmented into the first party, the second party, and the third party. The second-party logistics segment held the largest market share. By End-user, the market has been bifurcated into industrial and manufacturing, healthcare, retail, oil & gas, and others. The Manufacturing segment held the most signficant market share. Factors including the policy reforms that have enhanced the ease of doing enterprises along with the easy availability of inexpensive labor contribute to the growth of the logistics market. Moreover, globalization, along with population growth and consumption behavior, has seen an increasing demand for products from all corners of the world. The rise of the e-commerce trade has added to the transport boom, and over the last decade, considerable growth has been observed across the industry’s value chain as a whole. In terms of growth of the broader industry, logistics infrastructure will observe almost over the board real growth in the years over the assessment period.

Regional Analysis

The geographic analysis of the global market has been conducted in four major regions, covering the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East, and Africa).

 The Asia Pacific region was accountable for the largest share of the global market in 2016, followed by the North American and European regions. The Asia Pacific region is projected to enhance at a gradually rising CAGR over the forecast period. Increased adoption rates of outsourced logistics services in the region are motivating the development of the market. Increasing exports and imports along with an enormous demand for logistics services owing to the economic growth and urbanization that is prompting the manufacturers to trade across the globe. Japan, Australia, China, India, and Indonesia are the main markets in the Asia Pacific region. China is the leading Logistics Market in the area owing to a vast population base in the country and the prevalence of a large manufacturing hub.

The North American region is the second dominant region in the market. Increasing trade activities amid the Americas and European regions are supporting the development of the logistics market in this region. The growing demand for foreign goods in Thailand, Indonesia, and India have strengthened the trade dealings with the U.S. The European region is another crucial region in the Logistics Market. Economies such as Germany, The U.K., and France are the key Logistics Market in Europe .

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sagar Joined: January 20th, 2020