Logistics Industry 2018 Estimated to Grow at 7.2% CAGR | Country Level Analysis With Current Market Size and Future Prospective

Global Logistics Market Information Report: By Transportation Type (Airways, Waterways, Railways, Roadways), Logistic Type (First Party, Second Party, Third Party) End User (Industrial and Manufacturing, Retail, Healthcare, Oil & Gas) – Forecast 2023

MarketResearchFuture.com added New Report Named “Logistics Market 2018: Global Industry Analysis, Market Growth and Opportunity Assessment, Segmentation By Transportation Type (Airways, Waterways, Railways, Roadways), Logistic Type (First Party, Second Party, Third Party) End User (Industrial and Manufacturing, Retail, Healthcare, Oil & Gas) and Regions| Outlook to 2023” to its Database.

The global supply chain is growing and changing continuously, and advances in technology are helping to streamline operations in the long run. The growth of the global logistics market is directly related to the development of international trade flow and the current economic environment. It involves the integration of information, transportation, inventory, warehousing, material handling, packaging, and security. Favorable government trade policies have resulted in an increased demand for logistics services which also provides an opportunity for expansion to the existing vendors.

Logistics can be described as having the right type of product or service at the right place, at the right time, and in the right condition. The global logistics industry has grown significantly while logistics have become an important part of the business economic system and major global economic activity in the recent years. Logistic activities accelerate economic growth and productivity growth. Efficient logistics is an important determinant of a country’s competitiveness and source of employment. It is regarded as the backbone of the economy, providing an efficient and cost-effective flow of goods on which other commercial sectors depend. This comprises shipping, port-services, warehousing, transportation, and other value-added services. The boom in the e-commerce sector and expansionary policies of the FMCG firms have increased the service geography of the logistics firms. The industry has moved from being just a service provider to provider of end-to-end supply chain solutions to their customers.

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Transportation and logistics infrastructure is a constantly recurring priority in every new government policies. Economic reforms and government initiatives in terms of strengthening the manufacturing sector are expected to attract private investment. The development of transportation and logistics-related infrastructures, such as dedicated freight corridors, logistics parks, free trade warehousing zones, and container freight stations will help to improve efficiency. The government’s plan is likely to make the economy competitive by reducing logistics costs, bring down pollution levels by reducing congestion on roads, give a boost to the industry and create employment. 

Global Logistics market is expected to grow with the CAGR of approximately 7.2% from 2017 to 2023.

Key Players 

The prominent players in the global Logistics market include –

– H. Robinson Worldwide Inc. (U.S.)
– Ceva Holdings LLC (U.K.)
– FedEx Corp. (U.S.)
– XPO Logistics Inc. (U.S.)
– Expeditors International of Washington Inc. (U.S.)
– DHL International GmbH (Germany)
– DSV Global Transports and Logistics (Denmark)
– P. Moller – Maersk (Denmark)
– Schenker AG (Germany)
– GEODIS (France)
– DTDC Express Limited (India)

Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Logistics Market Information from 2017 to 2023” 

Transportation and logistics infrastructure is a constantly recurring priority in every new government policies. Economic reforms and government initiatives in terms of strengthening the manufacturing sector are expected to attract private investment. The development of transportation and logistics-related infrastructures, such as dedicated freight corridors, logistics parks, free trade warehousing zones, and container freight stations will help to improve efficiency. The government’s plan is likely to make the economy competitive by reducing logistics costs, bring down pollution levels by reducing congestion on roads, give a boost to the industry and create employment.

Market Segmentation

The global logistics market is divided into three segments such as by 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.

Based on the logistic type, the market is segmented into first party, the second party, and third party. The second-party logistics segment accounts for the largest market share.

Based on the end user, the market is segmented into industrial and manufacturing, retail, healthcare, oil and gas, and others.

Regional Analysis

Asia Pacific Region Dominates the Global Logistics Market

Based on the region, Asia Pacific accounted for the largest market share followed by North America and Europe in 2016. The region is expected to grow at the highest CAGR during the forecast period owing to the increased adoption of outsourced logistics services in the region.

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This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global construction lift market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

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