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Logistics Market Forges Ahead with New Launches and Expansions

04-10-2019 03:58 PM CET | Logistics & Transport

Press release from: Allied Market Research

Logistics Market Forges Ahead with New Launches and Expansions

The global logistics market is anticipated to reach $12,256 billion by 2022 with a CAGR of 3.48% from 2016 to 2022. Asia-Pacific dominates the global market in terms of revenue, accounting for more than 34% share of the global market, followed by LAMEA.

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Increasing in global trade activities of the developing economies and global logistics infrastructure and advancement in information technology and transportation sector are some of the factors that are majorly driving the market. Moreover, rise in adoption of green logistics solutions is expected to provide lucrative opportunities to market players.

Roadways is the leading type in the global logistics market, and is expected to maintain this trend throughout the forecast period. However, waterways segment is expected to witness significant growth in the future, owing to the convenience, speed, and flexibility.

Among end-user, manufacturing segment dominated the global market in 2014, accounting for about 26% share in the total revenue of logistics market. Procurement of raw material and handling them to manufacturers for the production is a growth factor for world logistics market by manufacturing industry.

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Healthcare segment is expected to grow at the highest CAGR of 5.04% during the forecast period due to an increase in demand for durable devices with enhanced efficiency.

Asia-Pacific region was the major revenue contributor in 2014, and is expected to maintain its dominance throughout the forecast period. This is attributed to the rise in adoption of green logistics solutions. Moreover, advancement in information technology and transportation sector would boost the growth of the logistics market, especially in the Asian countries, such as China, Japan, and India.

LAMEA is projected to be the fastest growing region during the analysis period, owing to increase in adoption of logistics in healthcare and automotive industry. Moreover, technological advancements to overcome high inventory cost would offer lucrative opportunities for market players in the near future.

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The key players operating in the logistics market have adopted new product launch as their preferred strategy to expand their market foothold. The major players profiled in this report include Deutsche Post DHL, Kuehne+Nagel, The Maersk Group, DB Schenker Logistics, C.H.Robinson, Dsv Global Transports and Logistics, Panalpina, United Parcel Service (UPS), Supply Chain Solutions and Geodis.

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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