Press release
Worldwide Logistics Market, by Transport Infrastructure -Road Transport Infrastructure, Lorry Tank, Truck-trailer
In terms of revenue, the global logistics market is set to increase from US$8.1 trillion in 2015 to US$15.5 trillion by 2024 at a CAGR of 7.5% between 2016 and 2024. The market is expected to develop at a CAGR of 6.0% from 2016 to 2024 by volume.
Get More Information : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=154
Manufacturing Predicted to Remain Dominant Application Segment in Future
On the basis of transport infrastructure, road transport infrastructure led the global logistics market with a share of 44.6% in terms of revenue. However, in terms of volume, waterways held the dominant share of 47.9% in the global market in the same year.
In terms of logistics model, second-party logistics accounted for the leading share in terms of both volume and revenue in 2015. However, first-party logistics are expected to display the fastest growth rate than any other logistics model until the end of the forecast period in 2024. By application, manufacturing leads the logistic market presently and is expected to display robust growth in the coming years as manufacturing sector has the longest supply chain as compared to other application sectors. This is followed by retail in terms of revenue.
In 2015, Asia Pacific held the dominant share of 46.6% in the global logistics market in terms of revenue. China contributes considerably to the growth of this regional market as it is a large manufacturing hub. India is emerging as a significant market due to economic development complemented by huge investments by government as well as private parties. Intraregional trade in the emerging markets of Asia Pacific combined with high GDP is also bolstering the growth of the Asia Pacific logistics market.
North America is expected to be the second-largest market in the global market in terms of revenue for the 2016-2024 period. This is due to the multifold growth of the e-commerce industry and huge investments made by large players in countries such as U.S. Rest of the World logistics market is expected to display a significant growth at a CAGR of 7.4% between 2016 and 2024. The increasing trade activities with Asia Pacific and South American countries such as Argentina and Brazil are propelling the region’s growth.
Use of Technology Catapults Growth of Logistics Market
The speedy and enormous growth of the e-commerce industry has had a significant influence on the global logistics market. The growing trend of online shopping has contributed immensely to the growth of this market. Consumers are increasingly using mobile data on smartphones and tablets for easy access to the Internet for convenience shopping. Other advantages such as home delivery of objects and customization and refinement of results are leading to increased use of e-commerce. This in turn, is favoring the growth of the logistics market.
The large-scale investments for technological advancements has been highly influential on the growth of the logistics market. The use of various technologies for operations such as warehouse control, automated material handling, warehouse management, biometrics, and RFID are assisting companies to carry out logistics services more efficiently. For example, in 2014, Deutsche Post DHL entered into an agreement with Escher Group, which enabled DHL to execute easy parcel delivery and collection in Germany.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Worldwide Logistics Market, by Transport Infrastructure -Road Transport Infrastructure, Lorry Tank, Truck-trailer here
News-ID: 428056 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Logistics
Cold Chain Market 2021 Precise Outlook- AmeriCold Logistics, Nichirei Logistics …
The Global Cold Chain Market provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. The report covers the post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is…
Food Logistics Market Worth Observing Growth | Trinity Logistics, AmeriCold Logi …
The latest launched report on Global Food Logistics Market delivers a transformation framework to understand how megatrends affect industry growth, taking into account the major disrupting forces creating uncertainties for every organisation in the Food Logistics. Based on these outcomes, HTF MI outline plan for these volatile scenarios considering companies such as Port Jersey Logistics, DB Schenker, Henningsen Cold Storage, R2 Logistics, AN Deringer, ODW Logistics, Matson Logistics, Allen Lund,…
Logistics Market Future Outlook | AmeriCold Logistics, Nichirei Logistics, Linea …
WiseGuyRerports.com Presents “Global Logistics Market Size, Status and Forecast 2020-2026” New Document to its Studies Database
The extensive market study presents a complete analysis of the global Logistics market, including the latest developments, current market conditions, and the growth potentialities during the review period. Accurate statistics with regard to the product, methods as well as the share belonging to the key businesses in the market are also given in the report.…
Cold Chain Logistics Market Size 2020 by Top Key Players | Nichirei Logistics Gr …
Cold Chain Logistics Market report' to its research archive which allows exploring the industry in a 360-degree view while marking major insights and highlights accelerating the Cold Chain Logistics market trends. The data sourced from the report enables formulating business plans and helps decision making to improve profitability. The Cold Chain Logistics market has been witnessing consistent growth over the last few years and is projected to continue growing with…
Healthcare Cold Chain Logistics Market 2020 Business Scenario - AmeriCold Logist …
The Global Healthcare Cold Chain Logistics Market will increase at a compound annual growth rate of 10.09% (approx.) between 2020 and 2026.
The Healthcare Cold Chain Logistics Market report is a collection of pragmatic information, quantitative and qualitative estimation by industry experts, the contribution from industry connoisseurs and industry accomplices across the value chain. Furthermore, the report also provides the qualitative results of diverse market factors on its geographies and segments.…
Third-Party Logistics Market: Leading Players – XPO Logistics , Yusen Logistic …
Third-Party Logistics Market report provides key information about the industry, including invaluable facts and figures, expert opinions, and the latest developments across the globe. The Report also calculate the market size, the report considers the revenue generated from the sales of This Report and technologies by various application segments.
Download Sample PDF copy of this report https://supplydemandmarketresearch.com/home/contact/272389?ref=Sample-and-Brochure&toccode=SDMRSE272389&utm_source=s.
The study objectives of this report are:
To analyze global Third-Party Logistics status, future forecast,…
