ID: MRFR/PNT/3640-HCR | February 2021 | Region: Global | 100 pages
Logistics market is likely to witness good market growth rising at a 5% CAGR by the end of the global forecast period in 2027.
The Logistics market is related to the supply chain established at a global level and is exposed to constant change. Technological advancements help in streamlining the operations when it comes to long-term functioning. The unfolding of the degree of development in the international trade flow is likely to have a huge impact on the growth of the logistics market on a global scale. Also, the current economic environment is going to play a major role in the global productivity of this market. The logistics supply chain includes information integration, inventory and warehousing services, transportation of goods, material handling and packaging, along with an overall product security.
In simple words, logistics means making use of the correct product or service, in the correct condition at the correct place and within the right time.
The logistics market analysis helps in understanding the role of the key market players, revenue scales, and draws a competitive landscape that will help the market grow by the end of the global forecast period ending in 2023. The prominent players of the market on a global scale are:
COVID 19 Analysis
The outbreak of the novel coronavirus pandemic is as bad as the effect of the Great Depression. The pandemic has offered different kinds of effects on the mushrooming economies like a ban on travel, cancellation of flights, mandatory quarantine, and much more. All these government regulations have a huge impact on the smooth functioning of logistics and supply chain mechanisms across various locations in the world. Logistics are offered with the movement and storage ensuring a good flow of goods and is experiencing a deep impact of the pandemic. Looking at the brighter side, the pandemic has positively affected the healthcare and pharma companies and services.
The need for e-commerce goods and delivery of essential items is largely dependent on the support of the logistics team. The global pandemic outbreak has increased the need for delivering medical, as well as, FMCG supplies, too. Hence, the market is expected to propel as the need for similar items is emerging at a large scale in the market. We hope to see a rise in the profits of this logistics market really soon.
Logistics Market Dynamics
The global industries are switching to online businesses, and hence, the growing e-commerce industry is coupling since the last decade. This is stimulating the rising need for logistics operations in collaboration with the trade agreements. These factors are likely to play a major role in helping the global logistics industry expand its operations. The global industry is also witnessing services that are technology-driven and are growing their adoption of IoT services which is helping the market grow at a considerable CAGR quantum.
The logistics market has certain restraints in the way of its growth. The market witnesses a lack of availability of manufacturers of logistic services, and poor infrastructure. Also, there are hidden logistics costs, that can hinder the market growth by the end of the future forecast year of 2023.
Value Chain Analysis
The infrastructure related to logistics and transportation services is emerging as a priority when the new government policies are rolling out. The government is working on the economic reforms that are strengthening the manufacturers to attract great investment quantum. There are constant efforts for improving the availability of infrastructure helping the freight stations and warehousing zones for improving efficiency. Also, there are attempts to bring the costs of logistics down and also reduce the pollution created in the process of transportation.
Logistics Market Segment Overview
The logistics market outlook portrays that the global market has various segments that are based on the following:
The transportation type of the market includes different ways through which the transportation of goods can be done. Namely, these are airways, railways, roadways, as well as, waterways.
The market supplies the goods to first, second, as well as, third party users of the goods. The largest market share is expected to be enjoyed by the second parties.
End-users of the logistic services are oil, healthcare, gas, industries, manufacturing, amongst others. The manufacturing parties as the market end-users accounted to have the largest market share in the historic revenue collection years.
Logistics Market Regional Analysis
The governments of various economies are bringing about changes in the factors that improvise the ease of doing business as there is cheap labor available and to cater to the increasing market demand. Globalization is well complying with the growth in population and changes in consumer behavior. Also, with business switching to the online market, there is an increased demand for logistic services in 4 major geographical locations namely the APAC region, North America, European countries, as well as, the Rest of the World (RoW). The APAC region is expected to register the highest growth owing to the increase in demand for logistic services, exports, and imports, in-country logistics to conduct smooth deliveries in both rural and urban areas of the economy. The APAC region consists of India, Japan, China, along with Indonesia and Australia.
Following the trend, the second-most growing region is the North American one consisting of the USA and Canadian market. Business activities are initiating in between the American and European countries that are likely to help the market growth by the end of the global forecast in 2023. The European nations are taking initiatives to invest in the research and development process to cater to the infrastructure needs of the market. The availability of infrastructure, along with conveniently working labor at the desirable cost is the aim of the market. Also, the increased dependence of the European population on e-commerce websites is further populating the market’s demand. The logistics market trends are currently, more prevalent in countries like France, the UK, as well as, Germany.
Logistics Market Report Overview
The global logistics market takes into consideration the opinion of the industry leaders and global corporates to understand the revenue model of the market. The market also discusses the primary research related to the market that studies the market dynamics and the performance of the market segments in 4 major geographical locations of the world. The market also discusses the impact of the pandemic on the functioning and opportunities for growth in the future. The report also consists of the recent developments done by the prominent players of the market that help in analyzing the market valuation, as well as, the degree of competition in the market. The report depicts the restraints that might hamper the growth of the market by the end of the future forecast in 2023, as well.
|Market Size||2027: Significant Value|
|CAGR||5% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Transportation Type, Logistic Type, and End User|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||DTDC Express Limited (India), H. Robinson Worldwide, Inc. (U.S.), Schenker AG (Germany), GEODIS (France), XPO Logistics Inc. (U.S.), Ceva Holdings LLC (U.K.), DHL International GmbH (Germany), FedEx Corp. (U.S.), P. Moller – Maersk (Denmark), DSV Global Transports and Logistics (Denmark), Expeditors International of Washington, Inc. (U.S.)|
|Key Market Opportunities||New product launches and R&D amongst major key players|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The market is expected to rise at a 7.5% CAGR by the end of the future forecast ending in 2027.
The market is divided into 4 major segments namely, region, end-users, logistics, and transportation type
The Asian Pacific region consisting of major countries like India, China, Japan, and Thailand.
A few major market players operating in the global Logistics market are XPO Logistics Inc. (U.S.), Ceva Holdings LLC (U.K.), C.H. Robinson Worldwide, Inc. (U.S.), FedEx Corp. (U.S.), among others.