Global Logistics Market is Expected to Reach $15.88 Billion by 2027

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Stratistics Market Research Consulting Pvt Ltd

Apr 21, 2020, 14:30 ET

GAITHERSBURG, Maryland, April 21, 2020 /PRNewswire/ -- According to Stratistics MRC, the Global Logistics market is accounted for $10.68 billion in 2018 and is expected to reach $15.88 billion by 2027 growing at a CAGR of 4.5% during the forecast period.

Some of the key players in Logistics Market include Ceva Holdings LLC, C.H. Robinson Worldwide, Inc, Deutsche Bahn AG, Deutsche Post AG, DSV AS, FedEx Corp, J.B. Hunt Transport Services Inc, Kenco, Kuehne + Nagel International AG, United Parcel Service Inc, XPO Logistics Inc and Expeditors International of Washington Inc.

Some of the key factors propelling the market growth are rising use of multimodal transport and innovation in mobile technologies. However, lack of uniform governance standards in developing and underdeveloped countries is the restraining factor for the growth of the market.

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Logistics refers to the process of planning and coordinating resources and services from the point of origin to the point of utilization. This process provides efficient and useful transportation and storage of goods and services. The major components of logistics involved in the proper functioning of an administration or a business include inventory management, inbound and outbound transportation, material handling, warehousing, etc. In modern years, the logistics industry has benefitted from the advancements made in technology, integration, globalization, legislation, and confederations.

By application, retail segment is expected to grow at the significant market share during the forecast period due to the high pressure of digital sales channels. This is compelling retail & consumer goods companies to reshape their underlying operating models with connected logistics, to keep pace with the ever-evolving industry and consumer demand.

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On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the factors such as the occurrence of many consumer base for food and beverage and healthcare invention suppliers, greater than ever demand for LNG, mounting demand for cold-chain logistics, and escalating number of automobile manufacturing plants are causal to the logistics market growth in this region.

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Type of Transports Covered:

  • Air
  • Rail
  • Road
  • Waterways

Logistics Models Covered:

  • First Party Logistics
  • Second Party Logistics
  • Third Party Logistics
  • Fourth Party Logistics

Customer Types Covered:

  • B2C
  • B2B

Applications Covered:

  • Automotive
  • Consumer goods
  • Food & Beverages
  • Healthcare
  • Industrial and Manufacturing
  • Media and Entertainment
  • Military
  • Oil and Gas
  • Retail

End Users Covered:

  • Banking and Financial Services
  • Chemicals
  • Construction
  • Government and Public Utilities
  • IT Hardware
  • Telecommunication
  • Trade and Transportation

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Market share analysis of the top industry players
  • Strategic recommendations for the new entrants
  • Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

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