Oct 07, 2019 (AB Digital via COMTEX) — The global logistics market is predicted to have a phenomenal growth at a 7.2% CAGR over the forecast period (2017-2023). Logistics is the process of transporting inventories to a merchant or shipping orders to customers. It helps to track goods in transit until they are delivered. Logistics management may involve a few or all of the following business functions: Demand planning, inventory management, order fulfillment, materials handling, warehousing, fleet management, outbound transportation, and inbound transportation. The development of logistics-related infrastructure and transportation such as container freight stations, free-trade warehousing zones, logistics parks, and dedicated freight corridors will aid in improving efficiency.
Various factors are pushing the growth of the logistics market. These factors, in accordance to the Market Research Future (MRFR) report, include a rise in global trade activities in developing economies, increase in trade associated agreements, advancement in the transportation sector and information technology, increase in logistics infrastructure, and increase in the adoption of green logistics solutions. Various technological advancements such as GPS, biometrics, automated material handling tools, among others, government trade policies, the growing popularity of online shopping, and increase in internet retailing are also driving the market growth. On the contrary, low warehousing space, high inventory cost, and increase in pollution level are factors that may impede the logistics market growth over the forecast period.
Get a FREE Report Sample with Complete TOC @https://www.marketresearchfuture.com/sample_request/5076
Leading players profiled in the logistics market report include GEODIS (France), DTDC Express Limited (India), Schenker AG (Germany), A.P. Moller – Maersk (Denmark), DHL International GmbH (Germany), Expeditors International of Washington, Inc. (U.S.), DSV Global Transports and Logistics (Denmark), FedEx Corp. (U.S.), XPO Logistics Inc. (U.S.), C.H. Robinson Worldwide, Inc. (U.S.), Ceva Holdings LLC (U.K.), and others.
May 2019- Dunzo, a hyperlocal delivery platform based in Bengaluru has launched its latest B2B logistics service- “Checkout with Dunzo” for small business owners and retailers. For retailers, this service will provide the ability to cope with the needs of the e-commerce economy, and save logistical costs, time, and dedicated delivery resources. This service, similar to a payment choice, will enable users to opt for quicker delivery via a Dunzo partner during the checkout time. Above all, it will empower businesses of all sizes to enjoy the benefits of logistics support that is hassle-free.
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.
The Market Research Future report offers a wide segmental analysis of the Logistics Market on the basis of transportation type, logistics type, and end user
Based on transportation type, the logistics market is segmented into roadways, railways, airways, and waterways.
Based on logistic type, the logistics market is segmented into the first party, second party, and third party. Of these, the second-party segment will have the largest share in the market over the forecast period .
Based on end use, the logistics market is segmented into oil and gas, industrial and manufacturing, healthcare, retail, and others. Of these, the manufacturing segment will dominate the market over the forecast period.
Based on the region, the logistics market report covers growth opportunities and the latest trends across Europe, Asia Pacific, North America, and the Rest of the World. Of these, the APAC region will command the market over the forecast period. This is owing to the region’s amplified adoption of outsourced logistics services, growing imports and exports, and the burgeoning demand for logistics due to urbanization and economic development, which is influencing manufacturers to trade all over the world. Indonesia, Japan, India, China, and Australia are the key contributors in the region. China is the leading logistics market due to the massive population base in this country, coupled with the presence of a vast manufacturing hub.
The logistics market in North America will have the second largest share over the forecast period. This is owing to increasing trade activities between the European region and the Americas.
The logistics market in Europe will also have a notable growth, with the UK, France, and Germany being its key contributors.
Browse Complete Report “Global Logistics Market Research Report- Forecast 2023″ @https://www.marketresearchfuture.com/reports/logistics-market-5076
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Bargaining Power of Suppliers
3.1.4 Threat of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/supply Chain Analysis
List of Tables
Table 1 Global Logistics Market: by Region, 2017-2023
Table 2 North America Logistics Market: by Country, 2017-2023
Table 3 Europe Logistics Market: by Country, 2017-2023
Table 4 Asia-pacific Logistics Market: by Country, 2017-2023
Table 5 Row Logistics Market: by Country, 2017-2023
Table 6 Global Logistics Market by Transportation Type , by Regions, 2017-2023
Table 7 North America Logistics Market by Transportation Type , by Country, 2017-2023
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Ask for your specific company profile and country level customization on reports.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar