Logistics Market: Roadways To Continue Being Most Favored Mode Of Logistic Transport
The usage of logistics services in different application such as manufacturing, retail, trade and transportation, government and public utilities, healthcare, media and entertainment, telecommunication, banking and financial services, and information technology is expected to rise considerably during the forecast period, which in turn, is estimated to strengthen the growth of the logistics market globally.
The global logistics market, in terms of revenue, is set to expand from US$8.1 trillion in 2015 to US$15.5 trillion by 2023, registering a CAGR of 7.5% from 2015 to 2024. By volume, the market is expected to clock in a 6.0% CAGR from 2016 to 2024.
Get PDF Sample of This Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=154
Roadways to continue being Most Favored Mode of Logistic Transport
Based on the type of transport infrastructure, the logistics market is segmented into roadways, waterways, railways, and airways. Road freight transport is the most widely used transport infrastructure globally and has proven to be vital to the social integration and economic development of various counties. By revenue, roadways held the dominant share and by volume, waterways accounted for the leading share in 2015.
Flexibility of operations, easy accessibility, reliability, and availability of door-to-door services have enabled road transport to gain an increasingly higher share in the logistics market, both in terms of freight traffic and passenger transport. With improved road infrastructure in economies such as North America, Europe, and Asia Pacific, road transport is likely to continue its trend as the most favored mode of logistic transport.
Based on logistics model, the market is categorized into first-party logistics, second-party logistics, third-party logistics, and others. In terms of revenue, second-party logistics constituted the leading share in the market in 2015, followed by third-party logistics.
Promising Markets in APAC Attracting Investments from Government and Logistics Companies
In 2015, Asia Pacific led the global logistics market thanks to significant contribution from countries such as China, India, Singapore, Indonesia, Japan, and Malaysia. China is the major contributor to the growth in this region due to the presence of a large manufacturing base. India, on the other hand, is one of the most promising markets, which has attracted the government as well as logistics players to make massive investments in the country.
View This Report @ https://www.transparencymarketresearch.com/logistics-market.html
The logistics market in North America has grown significantly over the years. This can be attributed to an increase in trade activities between the U.S. and South America and Europe. U.S.’s trade relations with Asia Pacific, particularly China and India, has strengthened owing to the rising demand for foreign goods in these countries.
Germany is a prominent market for logistics in Europe, while other countries such as the U.K. and France have also been contributing considerably to the regional market. Europe is recovering from an economic slowdown and logistics companies are making massive investments to improve the infrastructure in various countries.
Latin America is perhaps the most noteworthy market for logistics in the Rest of the World (RoW) segment. Emerging nations such as Brazil and Argentina have shown massive potential for development thanks to growing trade activities among various other developing countries.
Press Releases @ https://www.transparencymarketresearch.com/pressrelease/logistics-market.htm
Key players in this market include J.B. Hunt Transport Services (U.S.), C.H. Robinson Worldwide, Inc. (U.S.), Ceva Holdings LLC (U.K.), FedEx Corp. (U.S.), United Parcel Service, Inc. (U.S.), Expeditors International of Washington Inc. (U.S.), XPO Logistics Inc. (U.S.), Kenco Group (U.S.), Deutsche Post DHL Group (Germany), Americold Logistics, LLC (U.S.), and UTi Worldwide Inc. (U.S.).
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
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 Logistics Market: Roadways To Continue Being Most Favored Mode Of Logistic Transport here
News-ID: 964547 • Views: 232
More Releases from Transparency Market Research
Biomedical Refrigerators and Freezers Market Insights by 2027
According to a new market report published by Transparency Market Research titled “Biomedical Refrigerators and Freezers Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,” the global biomedical refrigerator and freezer market is expected to reach a value of US$ 7122.4 Mn by 2027. In terms of value, the market is estimated to expand at a CAGR of 4.5% during the forecast period from 2019 to 2027.
Construction Market Trends and Research Insights by 2027
Transparency Market Research delivers key insights on the global construction market. In terms of revenue, the construction market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the construction market report. In the report, TMR predicts that the construction market would be largely driven by factors, such as rise in population and investments in
Microdisplay Market to rise at a CAGR of 22.3% by 2027 – TMR
According to a new research report on the global microdisplay market published by Transparency Market Research (TMR) the global microdisplay market is expected to reach value of US$ 5782.6 Mn by 2027, expanding at a CAGR of 22.3% from 2019 to 2027. According to the report, the global market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years. In
Automotive Wiring Harness Market Research Insights by 2027
According to the report, the global automotive wiring harness market is projected to reach ~US$ 76 Bn by 2027, expanding at a CAGR of ~5% during the forecast period. Increasing GDP and technological advancements are major factors fueling the demand for automotive wiring harness market globally. The automotive wiring harness is undergoing an architectural revolution, owing to increase in incorporation of electronic components in vehicles, causing the weight of wiring
More Releases for Logistic
Chemical Logistic Market Predicted Analysis by 2021
A safe and reliable Logistics system is an important aspect of chemical industry. The manufacturing and consumption geography of the chemical industry are mostly separated apart. Therefore the chemical logistic has its part in the efficient, competitive and sustainable market development of the chemical industries. Chemical logistics are generally responsive, supple and adaptable; provide innovative service to respond to market changes rapidly and efficiently.The rising chemical market and shifting of
Dry inlay for rfid logistic system(gyrfidstore)
RFID Label and NFC Stickers is designed for various applications especially the asset tracking and NFC payment. The strength of RFID label compared with other tags is the thinner thickness, various size, flexible and cost efficient. It can be sealed inside of goods or stick on the device surface with adhesive layer. The label is also optional with anti-metal layer to mount and working on metal surface. GYRFID has the
transport logistic 2013
Cloud Computing experts report at the industry´s fair/ IT technology makes logistics more efficient „at the push of a button“ AXIT AG presents successful projects based on cloud technology / „Xpert-Days“ give a live insight into cloud-based SCM projects. The heart of cloud technology beats at booth 527 in hall B2: "Today anyone who wants to operate a delivery chain in an economical and transparent way cannot bypass
Sustainably optimising logistic processes
Bizerba presents weighing and labelling components at Macropack 2010 in Utrecht Balingen/Utrecht, 20th September 2010 - The solution provider Bizerba will present its new system components for logistic and intralogistic processes from 5th until 8th October at Macropack 2010, the international packaging trade fair held in Utrecht. These system components easily fulfill the growing demands of this sector: the Kontrollwaage (Check weigher) CWE to check giveaway; the Durchlaufwaage (Continuous weigher) CWL-Eco
transport logistic China 2008
Germany, Belgium, the Netherlands, Russia, Spain, the Czech Republic and the Italian regions of Friuli and Veneto are all exhibiting at their own national pavilions in Shanghai transport logistic China, the meeting point for transport, logistics and telematics, is going from strength to strength. At this exhibition, which takes place from 17 to 19 June 2008 in Shanghai, groups of exhibitors from the following countries will be exhibiting at their own
Besucherinformationen – transport logistic China
Dienstag, 19. September 2006 bis Freitag, 22. September 2006 Öffnungszeiten Dienstag - Donnerstag: 9.00 – 17.00 Uhr Freitag: 9.00 – 15.00 Uhr Veranstaltungsort Shanghai New International Expo Centre (SNIEC) Eintrittsgebühr Der Eintritt ist nach Registrierung kostenlos. Für Besucher ist Registrierung Pflicht. Die Registrierung ist vor Ort oder vorher online unter www.transportlogistic-china.com/register möglich. Informationen Hotline transport logistic China: Tel: (+49 89) 949-498 Fax : (+49 89) 949-499 firstname.lastname@example.org, www.transportlogistic-china.com Katalog Während der Messe erhältlich an allen Ticketschaltern und Informationsständen. Preis: kostenlos Nach der Messe