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Logistics Market Information Report: By Transportation Type (Airways, Waterways, Railways, Roadways), Logistic Type (First Party, Second Party, Third Party) End User (Industrial and Manufacturing, Retail, Healthcare, Oil & Gas) - Global Forecast 2023The prominent players in the global Logistics market include C.H. Robinson Worldwide, Inc. (U.S.), Ceva Holdings LLC (U.K.), FedEx Corp. (U.S.), XPO Logistics Inc. (U.S.), Expeditors International of Washington, Inc. (U.S.), DHL International GmbH (Germany), DSV Global Transports and Logistics (Denmark), A.P. Moller – Maersk (Denmark), Schenker AG (Germany), GEODIS (France), DTDC Express Limited (India) and other.
The Logistics market is expected to grow over the CAGR of around 7.2% during the period 2017 to 2023.
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Market Highlights
Logistics is a supply chain management part with a detailed organization and implementation of a complex operation. It includes the movement of goods and information between the provider and the receiver. Moreover, logistics is the management of the flow of things between the point of origin and the point of consumption in order to meet requirements of customers or corporations. Increasing global trade activities in the developing economies and trade-related agreements are the major factors driving the growth of the market. However, high inventory cost & less space for warehousing are the factors restraining the market growth.
Based on the region, Asia Pacific accounted for the largest market share followed by North America and Europe in 2016. The region is expected to grow at the highest CAGR during the forecast period owing to the increased adoption of outsourced logistics services in the region.
Industry Updates:
June 2018 Siam Cement Group which is a well-known Thai industrial conglomerate has formed a joint venture with Hon Hai Precision Industry which is a Taiwanese electronics manufacturer and Apple supplier to jointly set up an integrated supply and logistics chain in south China. The venture is expected to tap into rising e-commerce in the region by positioning Siam Cement's expertise in the area of logistics and engaging the vast business network of Hon Hai, more commonly known as Foxconn Technology Group. Siam Cement has stated that the JV is valued at approximately 333 million baht ($10 million), of which the company will own 49 percent. It will emphasize on trade between southern China and nations in the Association of Southeast Asian Nations particularly in the areas of premium foods, high-tech electronics, and e-commerce.
Global Competitive Analysis
The important trends and players have established a positive tone for development. The inducement for the market’s growth has improved the competitive backdrop of the market. By ensuring supply and demand are in balance, the competitors can capture new opportunities for growth. The noticeable trends and players have led to a positive tone for development. The forecast for growth and innovation has improved at a prompt pace changing the market. The ideal opportunities are being engaged and converted to modifying the growth pace of the market substantially. The contenders in the market have been stimulated to ideate strategic road-maps that exploit on the constructive market cues.
Market Segmentation
The global logistics market is divided into three segments such as by transportation type, logistic type, and end-user industry.
By Transportation Type
• Airways
• Waterways
• Railways
• Roadways
By Logistic Type
• First Party
• Second Party
• Third Party
• By End Use
Industrial and Manufacturing
• Retail
• Healthcare
• Oil and Gas
• Others
By Region
• North America
• Asia-Pacific
• Europe
• Rest of the World
Regional Analysis
The regional analysis of the logistics market includes regions such as North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific region was responsible for the largest share of the global market in 2016, followed by the North American and European region. The Asia Pacific region is projected to develop at a gradually increasing CAGR during the forecast period. Amplified adoption rates of outsourced logistics services in the region is motivating the development of the market. Growing exports and imports along with an enormous demand for logistics services owing to the economic development and urbanization that is motivating the manufacturers to trade across the globe. Japan, China, Australia, India, and Indonesia are the chief markets in the Asia Pacific region. China is the principal logistics market in the region owing to a huge population base in the country and the prevalence of a big manufacturing hub.
The North American region is the second major region in the market. Growing trade activities amid the Americas and European region are motivating the development of the market in this region. Rising demand for foreign goods in Thailand, Indonesia, and India have reinforced the trade relations with the U.S. The European region is another chief region in the market. The U.K., Germany, and France are the key logistics markets.
Scope of the Report
This study provides an overview of the global Logistics market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Logistics market by its type, by application, and region.
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