Press release
Logistics Market 2020-2030 Business Development Strategies by Prominent Players: C.H. Robinson, Deutsche Post DHL, Kuehne+ Nagel, The Maersk Group, DB Schenker Logistics, Panalpina, United Parcel Service (UPS), Supply Chain Solutions and Geodis
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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Logistics is widely used across industry sectors such as high-tech machines, automobile sector, pharmaceutical sector and other. Presently, 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, the 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.
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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. However, healthcare segment is expected to grow at the highest CAGR of 5.04% during the forecast period due to 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.
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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.
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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Key questions answered in Logistics Market research study:
o What is the market growth rate of Logistics Market from 2016-2022?
o What will be the global market size of the market from 2016 to 2022?
o Who are the leading global manufacturing companies in the Logistics Market?
o What are the major current trends and predicted trends?
o What are the challenges faced in the Logistics Market?
o Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
o Which will be the anticipated growth rates for your own Data Masking economy altogether and also for every segment inside?
o Which will be the Data Masking application and types and forecast accompanied closely by producers?
o What are the conclusions of the Logistics Market report?
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