Press release
Logistics Service Market to Incur Considerable Upsurge During 2027 - Lead by CEVA Logistics, United Parcel Service, C.H. Robinson Worldwide, A.P. MOLLER - MAERSK, Nippon Express, FedEx, DB Schenker, DHL International GmbH and KUEHNE + NAGE
Logistics Service Market
Logistics Service Market revenue accounted for US$ 1,122.58 Bn in 2018 and is expected to grow at a CAGR of 6.9% during the forecast period 2019 – 2027, to account to US$ 2,029.38 Bn by 2027. The report includes a key understanding of the driving factors of this growth and also highlights the prominent players in the market and their developments.
In North America, the development of logistics services was majorly influenced by the factors such as time, cost, increased internationalization, competition, virtual organization, and high consumer awareness. Some of the major logistics services providers in North America include DHL Supply Chain North America, XPO Logistics, Ryder Supply Chain Solutions, GEODIS North America, and Americold. Amongst them, in 2017, DHL Supply Chain North America had 673 warehouses with 119 Bn square feet capacity.
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Top Dominating Key Players:
• CEVA Logistics
• PANALPINA WORLD TRANSPORT (HOLDING) LTD.
• United Parcel Service (UPS)
• C.H. Robinson Worldwide, Inc.
• A.P. MOLLER - MAERSK
• Nippon Express
• FedEx
• DB Schenker
• DHL International GmbH
• KUEHNE + NAGEL
Continuous surge in demand form manufacturing industry to propel the market growth
The global manufacturing industry has witnessed rapid growth in recent times owing to huge investments coming up from Governments of various countries and especially the developing economies. As per the China Federation of Logistics and Purchasing (CFLP), the global manufacturing purchasing managers index (PMI) accounted 55.1 in October 2017, which was down from 55.9 in September 2017 however, still at a comparatively high level. The PMI index remained above 53.5 since the beginning of 2017, signifying a steady recovery of the manufacturing sector in developed countries. The services offered by Logistics Services providers add substantial value to the manufacturing companies.
Rise in demand for unification of complex supply chain process
Globalization has led to increasing domestic and international trade relations between nations. Further, as many international companies lean towards globalization and market expansions, logistical challenges have become more complex than ever. The logistical complexities have multiplied mainly due to the diverse nature of consumer demands observed in different regions of the world pertaining to any product. For successful market expansions, organizations focus on increasing the product assortments catering to the needs of the local market, giving rise to a highly diverse portfolio of products. The larger the diversity, the higher is the complexity of the supply chain for the organization to manage efficiently in delivering products as well as services.
Major Factors:
• Global Logistics Service Market Overview
• Economic Impact on Market
• Market Competition
• Global Logistics Service Market Analysis by Application
• Industrial Chain, Sourcing Strategy and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders
• Global Logistics Service Market Effect, Factors, Analysis
• Global Logistics Service Market Forecast
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The Logistics Service Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
Logistics Service Market Segmentation:
Global Logistics Service Market – By Mode of Transportation
• Roadways
• Railways
• Waterways
• Airways
Global Logistics Service Market – By Logistics Provider
• First & Second Party Logistics
• Third Party Logistics
• Fourth Party Logistics
• Fifth Party Logistics
Global Logistics Service Market - By Organization Size
• Small & Medium Enterprise
• Large Enterprise
Global Logistics Service Market - By End-user
• Government & Public Utilities
• Healthcare
• Industrial Manufacturing
• Retail & Consumer Goods
• Aerospace & Defence
•Others
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Reasons to Buy the Report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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