The Global Logistics Services Market was valued at USD 8.88 billion in 2018 and is expected to reach a value of USD 15.61 billion by 2026 end, with a CAGR of 7.3% during the forecast period, 2021–2026.

Logistics Services Market 2021

Logistics services are an integral part of any supply chain management in almost all kinds of business activities. The fundamentals of logistics services involve designing, implementation, and regulation of forward, and backward flow effectively and efficiently as well as storage of goods, services, and related information. Principal activities of logistics services include shipping of raw materials, distribution, warehousing, and quick deliveries of end-products to consumers. Inbound and outbound logistics are the two-process involved in logistics services. In the near future, logistics will play a vital role in transporting goods due to increasing trading activities.

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The Major Manufacturers Covered in this Report:
J.B. Hunt Transport Services (U.S.), FedEx Corp. (U.S.), Expeditors International of Washington Inc. (U.S.), Ceva Holdings LLC (U.K.), XPO Logistics Inc. (U.S.), C.H. Robinson Worldwide, Inc. (U.S.), United Parcel Service, Inc. (U.S.), Americold Logistics LLC (U.S.), Deutsche Post DHL Group (Germany), and Kenco Group (U.S.). 

Years that have been considered for the study of this report are as follows:

History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026

Market Segmentation:

By Logistics Model

1 PL
2 PL
3 PL
4 PL

By Deployment Model

Roadway
Airway
Waterway
Railway

By End-Use Verticals

Industrial & Manufacturing
Retail
Healthcare
Oil and Gas
Others

Regional Segmentation:

North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

Regional Insights

Geographically, the global logistics services market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Over the last few years, the logistics services market in North America has flourished successfully. The factors driving the growth of the logistics services market in the region include increasing trade activities among the U.S., Europe and South America. The Asia Pacific and U.S trade relation has grown deeper and consolidated from the decade due to rising demand for foreign goods from these countries.

Emerging countries such as China, India, Japan, Malaysia, and Indonesia in the Asia Pacific contributes a large share in the global logistics services market. India being an agriculture-based country engages large export of commodities such as rice, cotton, and dairy whereas China holds a major share in logistics services owing to presences of a large manufacturing base. India collected a USD 3800 billion trade surplus of agriculture, fishery and forestry goods, in 2016.  According to the Ministry of Food Processing Industries, near about 1.7% of GDP is contributed by the food processing sector.

The analysis objectives of the report are:

To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Logistics Services Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Logistics Services Market sub-markets, depending on key regions (various vital states).
To analyze the Global Logistics Services Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Logistics Services Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Logistics Services Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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