Press release
Global Logistics Market to benefit from Burgeoning Cross-border Trade Activities
The study takes a closer look at new business models, game-changing technologies, the prevailing regulatory landscape in key regions, and the strategies adopted by various players to consolidate their shares. The demand for logistics services is expected to rise at a promising pace during the assessment period of 2018-2025.
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The logistics market is increasingly driven by the rising demand for logistics services in a range of industries such as manufacturing, government and public utilities, healthcare, media and entertainment, banking and financial services, and telecommunication. The large strides made by the market rides on the back of burgeoning cross-border trade activities in various parts of the world. The rapid pace of globalization has fueled this trend.
The rapid pace of economic development in several emerging economies has led to the proliferation in demand for online shopping. This has been a crucial factor boosting the volumes of logistics activities. Sizeable investments being made by e-commerce players to bolster logistics infrastructures in various developing and developed economies has provided a shot in the arm propelling rapid expansion of the global logistics market. The adoption of various shopper-driven models by these players to boost the volumes of purchases also has wide-ranging impact on the uptake of logistics services. Furthermore, advances made in accessing high-speed internet have also been a potential underpinning to the expansion of the market.
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Rapid progress in road infrastructures in several developing countries, such as in Europe and Asia Pacific, over the past few years has catalyzed the growth of the logistics market. The associated developments have positive bearings on freight traffic and passenger transport in these economies. In recent years, the trend of green logistics has seemed to gather steam among businesses in various end-use industries. This has created a plethora of promising opportunities for market players.
However, the logistics industry several developing and less-developed economies are plagued with the constraints of poor inventory and lack of warehouse spaces. Nevertheless, governments in these regions as well the private players are increasingly focusing on adopting advanced technologies in supply chain order to meet the rising needs of merchants, exporters, and retailers. The deployment of more automation technologies bodes well for the market.
Governments are offering levies and entering into new trade agreements in logistics. These are expected to fuel the demand for logistics. Furthermore, technological advances made in freight transportation have unlocked several promising prospects for market players.
Some of the key players operating in the global logistics market are FedEx Corporation, Expeditors International of Washington, C.H. Robinson Worldwide, DHL Supply Chain, UPS Supply Chain Solutions, J.B. Hunt Transport Services, and XPO Logistics.
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