Logistics Market Analysis and Industry Forecast, 2017-2027

Further growing trade agreements among nations and increasing globalisation will propel the growth of the market during the forecast period. Moreover with the wide scale adoption of multi modal systems there has been a rapid growth of last mile deliveries, logistics automation, cost cutting and lead time reduction leading to the significant growth of the market. In addition to it other factors driving the growth of the logistics market are increasing automation of various processes and systems, the growing adoption of IoT enabled connected devices and increasing tech driven logistics services.

VIEW FULL REPORT
https://reports.valuates.com/market-reports/ALLI-Auto-3T152/logistics

Trends Influencing the Growth of Global Logistics Market
Growing ecommerce industry along with reverse logistics

Due to the growing penetration of e-commerce industry, third party logistics service providers are increasingly being used to ship products to consumers. Further various ecommerce companies are using logistics services to manage and oversee the entire supply chain processes of ecommerce companies so that these companies can focus on other business activities and marketing. Thus growing ecommerce trade along with rising reverse logistics operations is expected to fuel the growth of the logistics market during the forecast period.

Increasing trade agreements and rise in globalization

Due to rapidly changing market conditions and increasing global economy there is a continuous rise in globalization. This is creating an increase in trade activities and more trade agreements among nations. Therefore rising trade volume is making the tracking process of manufacturers and retailers more difficult leading to widescale adoption of logistics services . Further the expansion of the overseas market is also expected to boost the growth of the market. Moreover logistics plays a key role in trade activities as price sensitive consumers now want wider choice of high quality products with on time delivery. Thus rising trade volume due to globalization is expected to propel the growth of the logistics market during the forecast period.

Introduciton of last mile deliveries and logistics automation

Last mile delivery plays a key role in the logistics industry as it is the final step pf delivery process from a distribution center to the end user. With the ever increasing ecommerce industry getting a package on the same day of delivery is almost common now. Therefore logistics companies are increasingly putting in the effort to provide efficient last mile deliveries. Moreover with the growing penetration of pharmaceuticals , food and beverage ecommerce industries there is a rising emphasis on last mile delivery options across various logistics industries. In addition to it growing automation in the logistics industry and emergence of newer technologies such as logistics 4.0 will create lucrative opportunities for the growth of the logistics market during the forecast period.

Rapid advancements in technology and growing automation

The rapid advancements in technology, increasing adoption of IoT enabled connected devices, rise in tech driven logistics services along with the growing automation of systems and processes in the logistics industry will drive the market growth in the coming years. Also automated material handling equipment, biometrics, GPS, etc. will help organizations and businesses to work efficiently propelling the growth of the logistics market globally during the forecast period.

Logistics Market Share Anaysis
Based on region, the Asia-pacific segment will provide lucrative opportunities for growth in the logistics market share and is expected to grow at the highest CAGR of 6.90% during the forecast period due to rapid technological integrations, growing intra-Asian trade along with an increase in imports for both manufacturing and consumer products.

Based on end use, healthcare is expected to be one of the most lucrative segments for growth in the logistics market share during the forecast period.

Based on mode of transport, waterways is expected to be one of the most lucrative segments for growth in the logistics market share during the forecast period.

INQUIRE FOR SAMPLE
https://reports.valuates.com/request/sample/ALLI-Auto-3T152/Logistics_Market

Key Segments
By End Use
Healthcare
Manufacturing
Aerospace
Telecommunication
Government & Public Utilities
Banking & Financial Services
Retail
Media & Entertainment
Technology
Trade & Transportation
Others

By Mode of Transportation
Railways
Airways
Roadways
Waterways
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

By Key Players
MOLLER - MAERSK
H. Robinson Worldwide, Inc.
DB SCHENKER (Deutsche Bahn Group (DB Group))
Deutsche Post AG (DHL Group) (DHL Group)
DSV (DSV Panalpina)
FEDEX
GEODIS
Kuehne+Nagel
Nippon Express
United Parcel Service, Inc. (UPS)

SIMILAR REPORT

https://reports.valuates.com/market-reports/QYRE-Auto-33H5823/global-reverse-logistics

https://reports.valuates.com/market-reports/ALLI-Auto-2F465/fmcg-logistics

https://reports.valuates.com/market-reports/QYRE-Auto-28C1583/global-digital-logistics

https://reports.valuates.com/market-reports/QYRE-Othe-4Q275/freight-forwarding

Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

This release was published on openPR.