8 July 2019 – The
Global Logistics Market is subject to
witness a substantial growth due to the recent technological advancement in the
various logistics services, rising transportation activities in both developed
and developing economies across the globe and increasing shipping demand. The
number of service providers are improving their supply chain capabilities due
to numerous growth opportunities available, thereby driving market growth, in
the recent years. Additionally, shifting trends towards early adoption of
advanced services such as automated freight payment and audit procedure to
achieve cost-effectiveness are anticipated to drive the growth of logistics
market over the forecast period.
Other factors such as reduction of capital expenditure
(CAPEX), risk management, better inventory management, and directing on the
core competencies of different business operations. Globally, the market is
predicted to grow at high CAGR during the forecast period, providing numerous
opportunities for market players to invest in research and development in the
logistics market.
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Robust growth of the logistics industry is majorly
attributed to the high-end international trade flow and the strong economic
growth in the developing economies such as India, China and Brazil. Increasing
transportation & infrastructural activates in the Asia Pacific and North
America region is anticipated to boost market growth in the upcoming years.
Additionally, intra-regional trade and international among developing economies
across the globe coupled with higher growth rate in the Asia Pacific region are
expected to drive the growth of logistics market over the forecast period.
Increasing adoption of various logistics services in various
sectors such as manufacturing, retail, trade and transportation. Other
application of the logistics services include private and local utility sector,
healthcare industry, media and entertainment sectors. These factors are
expected to foster market expansion of logistics industry over the forecast
period. Recent adoption of thirds party logistics services in the
telecommunication, banking and financial services, and information technology
industry is estimated to expand overall market reach in the near future as
well. In addition, development of latest technologies and introduction of novel
products such as the freight brokers and different value-added services are
driving market growth in the recent years. Introduction of freight brokerage
and transportation activities that complies with the stringent governmental
laws and regulations has provided numerous growth opportunities for industry
players. Increasing investment in the logistics services by leading industry
players to improve their supply chain activities, thus enhancing their existing
services and achieve cost efficiency, are anticipated to boost market demand
further.
Market Segment:
Market segment by
Regions/Countries, this report covers
• United States
• Europe
• China
• Japan
• Southeast Asia
• India
Market segment by
Type, the product can be split into
• Logistics Of Industry
• Construction Logistics
• Agricultural Logistics
Market segment by
Application, split into
• Flow
• Materials Handling
• Production
• Packaging
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