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Global Logistics Market Expected to Reach US$ 16445.1 Bn by 2026 : MRRSE

Feb 1st 2019 at 12:56 AM

Logistics is a business to control, execute, and plan the movement of material, capital, and service. In a general sense, logistics is a part of supply chain management that controls, implements, and plans the effective and efficient flow of goods, information and services between the point of origin and point of consumption.

The Logistics Market has been considerably impacted by the introduction and use of new technologies. Some of the new technologies in the market are global positioning system (GPS), order entry systems, warehouse management systems, dispatching communication system, and transportation management system (TMS) among others. Technological advancements have made it possible to track the object throughout the delivery process. This is due to the advent of tracking systems such as RFID (Radio Frequency Identification), GPS, and bar code systems. Logistics companies are using new technologies such as CPFR (Collaborative Planning, Forecasting and Replenishment) and VMI (Vendor Managed Inventory) to meet the ever changing demands of customers. DHL Express launched a new technology named TC55 scanners that operates on Android platform, is easy to use, and also has global positioning system (GPS) navigation capabilities.

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Based on the various transport infrastructure, the market is segmented into road transport, waterways transport, rail transport, and air transport. The waterways transport segment constituted the biggest market share, followed by the air transport infrastructure segment, in 2016.

Based on the various logistics model types, the market is segmented into first party logistics, second party logistics, third party logistics, and fourth party logistics. Many retailers and manufacturers are recognizing logistics management as an important aspect globally. Moreover, logistics management is making an organization more competitive in terms of quality, cost, flexibility, and delivery. Due to these factors, organizations are now focusing on improving their logistics activities. Logistics offers many advantages such as reduction in operational cost, improvement in delivery performance, and increase in customer satisfaction levels. Globalization is also supporting the logistics market, as more and more multinational companies are outsourcing the logistics services to third, second, and fourth parties, making the supply chain longer and complex. The reason for this growth is the presence of a large manufacturing base in dominant logistics oriented countries such as China and India. Manufacturing sector followed by the retail sector is growing. The reason for this growth is the growth of e-commerce. The internet retail market includes the display and purchase of items via internet and the delivery of the purchased item to the consumer. The popularity of online shopping has increased globally in the last couple of years. There are a large number of global online retailers such as Amazon.com, eBay, Wal-Mart, bestbuy.com and Target brands, Inc. Among these players, Amazon.com reported revenues of US$ 19.16 billion in 2008 which increased to US$ 61.09 billion in 2012.Quality of the item, delivery time, and after sales service and support plays a crucial role in the internet retail market. Thus, an online retailer needs to have good logistics to create and maintain good relationships with the customers. Military is the third largest market for logistics. Increasing trade between countries has spurred the demand for logistics services.

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The logistics market report provides analysis for the period 2016–2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. The report covers all the major trends and drivers playing a key role in the growth of the logistics market over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market’s growth during the said period. The study provides a holistic perspective on the market’s growth throughout the above mentioned forecast period in terms of revenue (in US$ Bn) and Volume (Mn Tons), across different geographies, including North America, Europe, Asia Pacific, Middle East & Africa, and South America.

 

The market overview section of the report demonstrates the market dynamics and trends, such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. An attractiveness analysis has also been provided for every region in the report, in order to give a thorough analysis of the overall competitive scenario of the logistics market, globally. Moreover, the report provides an overview of the various strategies of key players present in the market.

Based on type of transport, the logistics market is segmented into road, waterways, rail, and air. Based on logistics model, the logistics market has been segmented into first party logistics, second party logistics, third party logistics, and fourth party logistics. In terms of customer type, the global logistics market is fragmented into B2C and B2B. Furthermore, the market is bifurcated on the basis of application into industrial and manufacturing, retail, healthcare, media and entertainment, military, oil and gas, food & beverages and others. Geographically, the global logistics market has been fragmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The report also highlights the competitive landscape of the logistics market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive logistics market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the logistics market growth.

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In the report, the North American market is divided into the U.S., Canada, and Rest of North America. Similarly, the Europe market is divided into Germany, the U.K., France, and Rest of Europe. Asia Pacific has been segmented into China, Japan, India, and Rest of Asia Pacific. Middle East &Africa covers the GCC, South Africa, and Rest of Middle East &Africa. Similarly, South America region includes Brazil, and Rest of South America. Furthermore, Porter’s Five Forces analysis explains the factors which are currently affecting the logistics market. The report also provides a value chain analysis which explains the participants of the value chain.

The global logistics market is characterized by the presence of numerous key players who focus on factors such as price, performance, quality, support services, and innovations to compete in the market. Major players in the logistics market are Americold Logistics, LLC, C.H. Robinson Worldwide, Inc., Ceva Holdings LLC, DHL Supply Chain, Expeditors International of Washington Inc., FedEx Corp., J.B. Hunt Transport Services, Kuehne + Nagel Inc., Penske Logistics, Ryder Supply Chain Solutions, SNCF Logistics, The Boeing Company, United Parcel Service, Inc., XPO Logistics Inc. and DSV A/S.

The logistics market is segmented as below:

Logistics market

By Type of Transport

  • Road
  • Waterways
  • Rail
  • Air

By Application

  • Industrial and Manufacturing
  • Retail
  • Healthcare
  • Media and Entertainment
  • Military
  • Oil and Gas
  • Food & Beverages
  • Others (Government and Public Utilities, Agro Commodities & Fertilizer, Jewelry, etc.)

By Customer Type

  • B2C
  • B2B

By Logistics Model

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

By Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • The U.K.
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America

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