San Francisco, California, May 11, 2017: A recently added report by TMR Research, titled, “Logistics Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025,” examines every facet of the market to assess its size, competitive dynamics, and growth prospects.
With a massive upswing in trade worldwide, the logistics industry has rose to prominence. Logistics brings about improved delivery performance and higher customer satisfaction. It also slashes operational costs. On account of so many benefits, its market has been expanding at a cracking pace globally.
As per the report, of the plethora of industries, the ecommerce sector is proving to be a frontrunner in pushing up demand in the global logistics market owing to the spike in online shopping. In fact, established logistics services providers are competing with tech-savvy newcomers to gain greater market share in the lucrative e-commerce pie.
Apart from the ecommerce segment, other sectors that are stoking significant growth in the market are retail, healthcare, banking and financials, manufacturing, telecommunications, IT, and government and public utilities.
In order to study the global logistics market in-depth, the report segments it depending upon the type of transport infrastructure into railways, roadways, waterways, and airways. Among them, road freight transport is used the most globally and grosses maximum revenue. This is because of the flexibility of operations, reliability, easy accessibility, and availability of door-to-door services. In terms of volume of freight, waterways lead the market.
Depending upon the logistics model, the market is again segregated into first-party logistics, second-party logistics, third-party logistics, and others. Of them, the second-party logistics contributes the most vis-à-vis revenue.
From a geographical standpoint, Asia Pacific, powered by countries such as China, Singapore, India, Indonesia, Malaysia, and Japan, is considered the most attractive logistics market on account of a large manufacturing base. North America is another key logistics market whose growth has been primarily brought about by the increasing trade between the U.S. and Europe. In Europe, Germany holds an important role in the logistics market. Driving growth in the two continents is also the developed road infrastructure. Latin America is another potential market where Brazil and Argentina are predicted to drive demand in the near future.
To assess the competition prevailing in the global market for logistics, the report profiles players such as FedEx Corp., C.H. Robinson Worldwide, Inc., Ceva Holdings LLC, UTi Worldwide Inc., Expeditors International of Washington Inc., Deutsche Post DHL Group, J.B. Hunt Transport Services, Kenco Group, Americold Logistics, LLC, XPO Logistics Inc., and United Parcel Service, Inc.