Global Logistics Market – Overview
The effective transportation and storage of goods have gained a great deal of emphasis in recent years contributing to the market’s expansion. Focused market reports associated with the healthcare industry among others lately have been made available by Market Research Future which issues reports on this industry.
The Global Logistics Market is foreseen to expand at a CAGR of 7.2 percent approximately in the forecast period 2017-2023.
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As customer requirements have increased rapidly due to rising demand for local as well as international goods, the market is also undergoing rapid expansion. The economic growth rates globally and the rise in the global trade has increased the market size considerably. Government trade policies are also contributing to the growth of the market substantially. Development in the port-services, shipping, transportation, warehousing areas of the logistic chain are also important motivators for the development of the market.
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.
Key Players
The important competitors in the logistics market globally comprise of :
• Ceva Holdings LLC (U.K.)
• C.H. Robinson Worldwide Inc. (U.S.)
• XPO Logistics Inc. (U.S.)
• FedEx Corp. (U.S.)
• DSV Global Transports and Logistics (Denmark)
• Expeditors International of Washington Inc. (U.S.)
• DHL International GmbH (Germany)
• A.P. Moller – Maersk (Denmark)
• Schenker AG (Germany)
• DTDC Express Limited (India)
• GEODIS (France)
• other
Industry Segments
The transportation and logistics industry is confronting immense changes such as digital transformation, new market entrants, changing customer expectations, and new evolving business models. For the purpose of this study, the global logistics market has been divided into three segments: transportation type, logistic type, and end-user industry. On the basis of the transportation type, the market is segmented into airways, waterways, railways, and roadways. On the basis of logistic type, the market has been segmented into first party, the second party, and third party. The second-party logistics segment accounted for the largest market share. By End-user, the market has been segmented into industrial and manufacturing, retail, healthcare, oil & gas, and others. The Manufacturing segment accounted for the largest market share. Factors such as the policy reforms that have improved the ease of doing business along with the easy availability of cheap labor contribute to the growth of the market. Moreover, globalization coupled with population growth and consumption behavior has seen ever-increasing demand for products from all corners of the world. The rise of e-commerce has added to the transport boom, and over the past decade, a considerable growth has been seen across the industry’s value chain as a whole. In terms of growth of the wider industry, logistics infrastructure will see almost across the board real growth in the years between 2017 and 2023.
Detailed 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.
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Major Table of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
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
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
Continues…..
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