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AU2007332 |
Pages: 120 |
May 2020 |
The global logistics market is expected to grow as it is directly linked with the E-commerce market. E-commerce plays a very important position in providing innovative solutions to freight customers to promote their economic development. E-commerce as the primary force of development in the logistics market is projected to continue the market's development till until 2025.
Logistics is the preparation and implementation method for the secure transfer and handling of goods from the place of production to the point of use. Digitalization would improve the quality and profitability of logistics and shipping processes. The global logistics market is projected to lead by developments in emerging technology, increasing customer tastes owing to E-commerce, policy reforms, and change in service procurement strategies.
Logistics provides several benefits, such as lowered running expenses, better service efficiency, and enhanced rate of consumer satisfaction. Operational efficiency is crucial for logistics, as it has a significant impact on organizational procedures as well as consumer interactions. Moreover, advances in technology involving automated material handling devices such as biometrics, GPS, etc. assist organizations to work skillfully, stimulating the global logistics market growth around the globe.
In the global logistics market, the increasingly proliferating Internet of Things (IoT) allows freight companies and customers to enter the company network directly through the phone. IoT penetration also offers hackers the possibility of mounting an attack. In recent years, numerous online attacks have posed questions regarding internet security. Thus, this factor is anticipated to hamper the global logistics market.
Global logistics business growth is closely linked to foreign trade flow and economic conditions. It also contains data management, warehousing, transportation, inventory, packaging, handling of materials, and security. The market currently supports trouble-free shopping and home delivery options. In addition, short-term shipping of consignments, after-sales assistance, and services are anticipated to offer huge opportunities in the forecasted period.
By transportation type, the global logistics market is divided into airways, waterways, railways, and roadways. Amongst these, waterways transport leads the market shares, followed by airways transport. Waterways transport is expected to continue leading the market until 2025 due to the maintenance costs of waterways transport is quite low compared to road and railway transport.
By logistic type, the global logistics market is segmented into first party, second party, and third party. Out of these, the second party logistics will dominate the market shares as it enhances the organization's efficiency, reduces expenses, increases versatility, and makes distribution more efficient.
By applications, the global logistics market is classified into residential, commercial, and industrial. Amongst these, the commercial sector leads the market shares as it improves customer service experience and enhances visibility. Moreover, logistics in the commercial sector is the foundation of a strong organizational structure.
By end-users, the global logistics market is bifurcated into industrial & manufacturing, retail, healthcare, oil & gas, and others. Out of these, the retail sector is estimated to be the fastest-growing segment due to the rapid growth of the online retailing market. The online retail market involves viewing and ordering goods over the phone, as well as shipping the ordered item to the user. The success of online retailing is rising globally.
The global logistics market is analyzed across North America, Europe, Asia-Pacific, and LAMEA regions. Asia-Pacific dominates the market share and is anticipated to continue dominating due to growth in foreign trade and favorable economic conditions. North America is expected to be the fastest-growing region due to emerging intra-regional trade.
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Key Participants in the Global Logistics Market:
Merger & acquisition and advanced product development are the frequent strategies followed by the market players
Some of the key players in the global logistics market are Americold Logistics LLC, C.H. Robinson Worldwide Inc., CMA CGM S.A, The Deutsche Post AG, Expeditors International of Washington Inc., FedEx Corp., J.B. Hunt Transport Services, Kuehne + Nagel International AG, Penske Logistics, SNCF Logistics, and others.
To expand into local markets, market players prefer inorganic growth strategies. The major players in the logistics market are placing more emphasis on merger & acquisition and advanced product growth. These are the approaches that existing organizations pursue. To emphasize more on market player competitor analysis, the report explains Porter's five forces model.
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Aspect |
Particulars |
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Historical Market Estimations |
2019-2020 |
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Base Year for Market Estimation |
2019 |
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Forecast timeline for Market Projection |
2020-2025 |
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Geographical Scope |
North America, Europe, Asia-Pacific, LAMEA |
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Segmentation by Transportation Type |
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Segmentation by Logistic Type |
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Segmentation by Applications |
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Segmentation by End-Users |
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Key Countries Covered |
U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia |
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Key Companies Profiled |
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Source: Research Dive Analysis
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