The Logistics Market is anticipated to expand at a remarkable CAGR during the forecast period (2020-2027).
The factors driving the growth of Logistics Market includes rapid expansion of the e-commerce industry, advent of last mile deliveries, growing adoption of multi-modal systems, rising number of trade agreements amongst nations such as Economic Cooperation and Trade Agreement (ECTA) between the Indian and Australian Governments. According to the report published by Bloomberg, the E-Commerce Logistics industry was valued at USD 72.6 billion in 2020 and is projected to reach USD 118.8 billion by the end of 2028, while growing at a CAGR of 6.6% over the forecast period (2021-2028), which is expected to boost the Global Logistics Market in the approaching years. In addition, the increasing adoption of advanced technologies such as Cloud computing, Artificial Intelligence (AI) and Internet of Things and upsurge in internet retailing and rising disposable incomes, are some of the additional factors propelling the Logistics Market share.
However, the growth of Logistics Market is hindered due to high inventory cost and insufficient availability of warehouse spaces.
The major players operating in the market are P. Moller – Maersk, Kuehne + Nagel, GEODIS, Supply Chain Solutions, DSV, United Parcel Service of America, Inc., Deutsche Post AG, DB Schenker and H. Robinson Worldwide, Inc. amongst others.
End-User Industry: Segment Analysis
As per the Logistics Market Analysis, the manufacturing segment is expected to expand at a significant CAGR over the forecast period attributed to growing demand for logistics for reducing the delivery time and improving customer’s experience.
Logistics Model: Segment Analysis
According to Logistics Market Report, the third party logistics segment is anticipated to grow at a faster CAGR during the forecast period because it saves cost for companies, improves the customer satisfaction and offers the enterprises the flexibility and scalability to efficiently utilize supply and distribution resources.
Regional: Segment Analysis
According to the Logistics Market Research, the Asia-Pacific is predicted to capture the largest market share over the forecast period. The increasing number of trade agreements amongst Governments, growing focus on improving the logistics and freight infrastructure, rising disposable incomes and high population growth, are some of the important factors supplementing the Logistics Market size in Asia-Pacific.
Global Logistics Market by Mode of Transport
Global Logistics Market by End-User Industry
- Trade & Transportation
- Government & Public Utilities
- Media & Entertainment
- Information Technology
Global Logistics Market by Logistics Model
- First Party Logistics
- Second Party Logistics
- Third Party Logistics
- Fourth Party Logistics
Global Logistics Market by Region
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
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