Logistics
Market Size, Market Share, Application Analysis, Regional Outlook, Growth
Trends, Key Players, Competitive Strategies And Forecasts, 2017 To 2025
Logistics
Market (By Mode of Transportation (Roadway Logistics, Waterway Logistics,
Railway Logistics, and Airway Logistics), By Logistics Model (1st Party
Logistics, 2nd Party Logistics, 3rd Party Logistics, and Others)) - Growth,
Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2025 the global
logistics market is expected to grow at a CAGR of 7.1% during the forecast
period 2017 – 2025.
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Market Insights
Logistics is
an integral component of supply chain management that is responsible for
planning, implementation, control and flow of goods/products from the point of
origin to the point of consumption. The swift growth in the e-commerce sector
has had positive impact on the growth of the logistics market worldwide. The
growth in the e-commerce sector has coincided with the advent of efficient
supply chain management solutions that enable logistics professionals to create
transportation efficiencies, offer real-time dashboards, controll freight
costs, and handle several other tasks effectively, enabling them to take better
and quick decisions. Awareness regarding these benefits has only aided market
growth over the last few years. With the expansion in breadth of offerings of
manufacturers, robust and reliable logistic service holds significant
importance for firms of all sizes and across varied industries.
Competitive Insights:
The global
logistic market is moderately competitive and highly fragmented across varied
modes of logistics. The logistics service providers are required to understand
distinct differences and requirements of different modes of transportation and
industry verticals. Some of the leading players identified in the global
logistics market include C.H. Robinson Worldwide, Inc., J.B. Hunt Transport
Services, Ceva Holdings LLC., United Parcel Service, Inc.., FedEx Corp.,
Expeditors International of Washington Inc., Kenco Group, Americold Logistics,
LLC, and UTi Worldwide Inc. The global logistics market also includes number of
niche players, which account for trivial market share individually. We expect
the future logistics market to be driven by supply chain analytics. Thus the
competitive rivalry among current market players, which is currently moderately
high, is expected to elevate in the coming years.
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Logistic Model:
The 2PL
& 3PL segments are the most preferred logistics models worldwide. Factors
including the increase in intra-regional trades and off-shoring (relocation of
manufacturing facilities to other countries with lower labor costs) are
collectively contributing towards the growth of the both domestic and
international transportation logistics. The proliferation of internet retailing
has provided the necessary impetus to manufacturers outsourcing their logistic
services to 2PL and 3PL providers.
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