Logistics Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Logistics Market: Overview
Logistics offer businesses advantages such as enhanced delivery performance, reduced operational costs, and improved customer satisfaction, and are thus, becoming increasingly popular. The growth of ecommerce is one of the key factors boosting the global logistics market. The popularity of online shopping is increasing and with it, the demand for logistics services. Applications that are adopting logistic services on a wide scale include healthcare, retail, transportation, manufacturing, government and public utilities, media and entertainment, banking and financials, telecommunications, IT, and trade. It is expected that the use of logistic services will increase significantly in the coming years and this will strengthen the market across the globe.
Global Logistics Market: Key Trends
The role of logistics as a cross functional link between industries will ensure that the logistics market will continue to grow as it has to adjust to the changes that occurs in every industry that it facilitates its services to. Although this acts as one of the challenges for the logistics market, if seen from a positive angle, it also enables the market to continuously progress and develop, thus creating opportunities of growth.
One of the trends that can be seen in today’s world, is the need for customized and specialized services and logistics services thus comes into picture. Logistics services can be used to realign strategies and ensure growth of any industry to which it is applied. The market environment today is volatile and the rage of online shopping or ecommerce is providing logistics providers considerable growth opportunities.
Global Logistics Market: Market Potential
It is anticipated that a majority of the manufacturing supply chains will make use of business to business commerce networks for their supply and demand, new product developments, and other services. This in turn is expected to boost the global logistics market.
FedEx Express, a key market player intends to start a new flight in April 2017, which will connect, the Liège to the Memphis. This is expected to offer global TNT customers a direct access to FedEx services in Canada and the U.S. Such developments are expected to continue to drive the global logistics market.
Global Logistics Market: Regional Outlook
Asia Pacific, led by countries such as China, Singapore, India, Indonesia, Malaysia, and Japan was the most lucrative market for logistics in the recent past. The North American logistics market, too has grown considerably owing to growing trade activities between the U.S. and Europe. Among European countries, Germany is a key market for logistics. The Rest of the World is expected to be the most promising regional segment and is expected to expand at a high CAGR in the coming years. Latin America is anticipated to be the most lucrative market for logistics in the Rest of the World, whereas Brazil and Argentina are expected to emerge as potential markets in the future owing to their increasing trade relations with other developing nations.
Global Logistics Market: Competitive Landscape
Key players in this market include FedEx Corp. (U.S.), C.H. Robinson Worldwide, Inc. (U.S.), Ceva Holdings LLC (U.K.), UTi Worldwide Inc. (U.S.), Expeditors International of Washington Inc. (U.S.), Deutsche Post DHL Group (Germany), J.B. Hunt Transport Services (U.S.), Kenco Group (U.S.), Americold Logistics, LLC (U.S.), XPO Logistics Inc. (U.S.), United Parcel Service, Inc. (U.S.),
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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