Logistics Market Global Size, Opportunities, Historical Analysis, Development Status, Business Growth and Regional Forecast

SDKI Inc. published a new report on the Global Logistics Market-Forecast 2022-2031. This study includes the statistical and analytical approaches needed to grow the logistics market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-116283

The logistics market is estimated to grow from a market value of approximately US $ 1068 billion in 2022 to US $ 15687.1 billion by 2031, with a CAGR of 5.7% during the 2022-2031 forecast period.

Logistics is an important part of supply chain management, where products are stored, managed, transported, and departed. Refers to a robust network of roads, railroads, air routes, and sea routes engaged in delivery from to the end point. The most common types of logistics models include 1PL, 2PL, and 3PL logistics services. Depending on the level, these models provide logistics services such as consulting, transportation, packaging, legal services, warehousing and management. Logistics has gained immense popularity due to its global applications that enable companies to show their presence in the global market. It is driving the growth of the logistics market during the forecast period.

Growth in the logistics market is driven by the expansion of cargo monitoring technologies, including GPS trackers, RFID sensors and Bluetooth technology. Market growth can also be driven by advances in computing technologies such as IoT, AI, ML and big data. These tracking technologies will be deployed in shipping and warehousing to enable product owners and recipients to track packages in real time using smartphone applications. This enhanced transparency provided by logistics services is driving the growth of the logistics market.

Sample URL for the report
https://www.sdki.jp/sample-request-116283

However, lack of manufacturer control over logistics services, poor infrastructure, and higher logistics costs can curb growth in the logistics market during the forecast period.

Logistics market segment

The logistics market is by model type (1 PL, 2PL, 3PL, etc.), by means of transportation (road, sea, rail, air), and by end use (manufacturing, consumer goods and retail, food / beverage, IT hardware). And telecom, healthcare, chemicals, construction, automobiles, oil and gas, etc.), and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Regional overview of the logistics market

logistics market is further subdivided based on the region, and the market growth of each country is evaluated. These include North America (US, Canada, and other North America), Europe (Germany, France, Italy, Spain, UK, and other Europe), Asia Pacific (China, Japan, India, Australia, Singapore, and others). Asia Pacific) and other regions.

The Asia Pacific logistics market is expected to record the highest growth during the forecast period. This is due to the increasing demand for import and export logistics services, which are domestic logistics for smooth delivery in both rural and urban areas of the economy. The APAC region consists of India, Japan, China, Indonesia and Australia. Meanwhile, the logistics market in North America is expected to be the second fastest growing region.

A major key player in the logistics market

Key players in the logistics market include JB Hunt Transport, Inc., CH Robinson Worldwide, Inc., CEVA Logistics, FedEx, XPO Logistics, Inc., KENCO and Deutsche Post AG. The survey includes in-depth competitive analysis, corporate profiles, recent developments, and key market strategies for these key companies in the logistics market.

Details of the survey report
https://www.sdki.jp/press-details/global-logistics-market/640

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This release was published on openPR.