23-Sep-2020 | Zion Market Research
According to the report published by Zion Market Research, global demand for the Logistics market was valued at approximately USD 5 Billion in 2019 and is expected to generate revenue of around USD 7 Billion by end of 2026, growing at a CAGR of around 4% between 2020 and 2026. The key players actively participating in the global logistics market include Ceva Holdings LLC, C.H. Robinson Worldwide, Inc., Expeditors International of Washington Inc., Americold Logistics, and J.B. Hunt Transport Services, among others.
Elevated Global Trade Activity To Propel The Growth Of The Global Logistics Market
The expansion of the global logistics market is primarily driven by the escalated global trade activity for budding nations, amplified trade accords, and global logistic progress and infrastructure on transport and IT. the logistics market is also boosted by the globalization as the supply chain has turned out to be progressively complex and the logistics services are also being outsourced by several multinational firms to third parties. Further, the price, quality, distribution, and flexibility of an organization are made more competitive by the logistics administration. These factors are now assisting organizations to enhance their logistics activity. It offers several advantages, comprising decreasing operating costs, rising customer satisfaction, and enhancing delivery, which is anticipated to drive the global logistics market growth. To cite, APL Logistics offers its clients ShipMax solution that comprises coupling with compatible trucking associates and enables the client to take benefit of better delivery optimization and load utilization, thereby allowing them to escalate transportation budget. Thus, lead time reduction and cost-cutting by implementing a multi-modal system create considerable growth avenues for the major logistics market players.
Asia Pacific Region Expected To Witness Considerable Growth During The Forecast Period
The global logistics market is divided based on customer type, application, type of transport, logistics model, and region. The customer type segment of the market is bifurcated into B2B and B2C. The application segment of the global logistics market is categorized into retail, industrial & manufacturing, media & entertainment, healthcare, oil & gas, military, and food & beverages. The type of transport segment of the market is divided into waterways, road, air, and rail. The logistics model segment of the market is classified into second party logistics, first party logistics, fourth party logistics, and third party logistics.
Regionally, the logistics market in Asia Pacific is anticipated to witness a considerable expansion in the years to come. This growth can be attributed to factors such as the expansion of the retail domain in e-commerce that is at present propelling the logistics market.
Browse the full “Logistics Market Transport (Waterways Transport, Road Transport, Air Transport, and Rail Transport) Application (Retail, Media and Entertainment, Telecommunication, Banking and Financial Services, Information Technology Manufacturing, And Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/logistics-market
The global logistics market is segmented as follows:
By Type of Transport
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651