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Logistics Service Market report provides a detailed overview of the industry including both qualitative and quantitative information

03-04-2020 03:39 PM CET | Logistics & Transport

Press release from: The Insight Partners

Logistics Service Market

Logistics Service Market

The Global 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. Globally, the market continues to witness a surge in demand for logistics services owing to rise in trade activities especially from emerging economies.

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The Logistics Service Market by logistics provider is further segmented into first & second party logistics, third party logistics, fourth party logistics, and fifth party logistics. The third party logistics dominated the global logistics service market in 2018 and is expected to continue its dominance throughout the forecast period from 2019 - 2027. The growing popularity of outsourcing the non-essential supply chain and other logistics process among different end-users, is catalyzing the growth of third party logistics segment in a logistics service market.

Globally, the various leading provider of logistics service provides a broad range of customized as well as end-to-end logistics solutions for different end-user industries. As a result, based on logistics providers, the market is broadly classified into first & second party logistics, third-party logistics, fourth party logistics, and fifth party logistics. Further, based on the mode of transportation, the market is segmented into railways, roadways, airways, and waterways. Whereas, by end-users, the market is divided into government & public utilities, healthcare, industrial manufacturing, retail & consumer goods, aerospace & defense, and others. And finally, by organization size, the market is bifurcated into small & medium enterprises and large enterprises. Geographically, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Some of the prominent market players operating in the market are 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, and KUEHNE + NAGEL to name a few prominent market players operating in the market.

Reason to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Logistics Service market
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Ribbon Fiber Optic Cable market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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.

Logistics services are essential for businesses that involve transportation of goods from one place to other, and to avoid the complications related to the process various SMEs and large organizations are adopting logistics services. Currently, outsourcing logistic services are worldwide growing business dynamics. With the rapid development of technology, several small & medium and large enterprises are opting for logistics services to focus on core competencies, restructuring of the company, and to gain cost reduction. Based on organization size, the global logistics service market is categorized into small & medium enterprises and large enterprises.

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Table of Contents:

Introduction
Key Takeaways
Research Methodology
Logistics Service Market Landscape
Logistics Service Market - Key Market Dynamics
Logistics Service Market - Global Market Analysis
Logistics Service Market - Revenue and Forecasts to 2027 - Product Type
Logistics Service Market - Revenue and Forecasts to 2027 - Application
Logistics Service Market - Revenue and Forecasts to 2027 - Compound
Logistics Service Market Revenue and Forecasts to 2027 - Geographical Analysis
Industry Landscape
Logistics Service Market, Key Company Profiles
Appendix

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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.

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