Increasing productivity and global business have created the need for project logistics. The market is experiencing a significant increase due to the entry of new players. The major differences in the market are the Value-added services (VAS) provided by Logistics Services providers. Logistics companies are expanding their business to enhance their global presence through merger and acquisition programs and to enhance their services.
Increasing the number of construction projects globally is considered one of the primary growth factors in this market. There was a huge increase in the construction project in 2016 and there is a possibility of significant increase in the forecast during this period. Companies are primarily focusing on third-party service providers, where project logistics will give profits to every activity.
As per research report, the global project logistics market to grow at a CAGR of 2.44% during the period 2017-2021.
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The technology that helps in understanding the goals of industry by enabling advanced and improved design, planning and construction also plays an important role. This will help in the development of the project logistics market to improve productivity.
In addition, the emergence of artificial intelligence in the mainstream supply chain is a major trend that will contribute to the market growth in the coming period. Artificial Intelligence-based applications include the use of human expert knowledge and imitation systems.
As per end user application the segmentation is done as Transportation and Warehousing. The transport sector contributes as a key part of project logistics market. The arrangements for transport vehicles in the various sectors of the transport system, including roads, railways, air and sea, in the areas provided and constructed, will help in the development of this industry sector in the next few years.
The report provides a complete overview of the Global Project Logistics Market including definitions, classifications, applications and industry structure. And development policies and cost structures. The report states mSecurity market volume and value. The market segmentation by regions, types, applications, and companies are also discussed.
The study of report focuses on global major leading industry players with information such as company profiles, product picture, and specifications, sales, market share. Logistics industry development trends and marketing channels are analyzed in current and coming years.
Region wise market study evaluate that during the entire forecast period, APAC project will be a major revenue contributor in the logistics market. Consumer electronics, the presence of high value of projects in the vast expansion capacity of the beverage and alcohol, fashion and retail sectors and pre-implementation phase, will bring forth demand for project logistics in this area.
The major players are CEVA Logistics, C.H.Robinson, DB Schenker, Deutsche Post DHL Group, Kuehne+Nagel , UPS Supply Chain Solutions, XPO Logistics, Agility, DSV A/S, Hellmann, Worldwide Logistics, and Damco.
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