Logistics Market Overview:
Global logistics market is anticipated to register a CAGR of 3.48% from 2016 to 2022 to attain a market size of around $12,256 billion by 2022. The term Logistics is generally the detailed organization and implementation of a complex operation. It refers to the movement of goods and information between the provider and the receiver. Moreover, logistics is the management of the flow of things between the point of origin and the point of consumption in order to meet requirements of customers or corporations. The resources managed in logistics can include physical items such as food, materials, animals, equipment, and liquids; as well as abstract items, such as time and information.
Increasing in global trade activities of the developing economies, rise in trade related agreements and global logistics infrastructure and advancement in information technology and transportation sector are the prime factors responsible for the growth of global logistics market. However, rise in pollution level and high inventory cost & low warehousing space are restraining the market growth. Irrespective of the challenges, rise in adoption of green logistics solutions is creating an opportunity to the market growth.
The report provides valuable and in-depth overview of the global logistics market, which includes integrated logistics services which are procurement, transportation, warehousing and distribution. Furthermore, the research study defines a pathway to the stakeholders to decide primarily which market segments to focus on for the coming years in order to get highest returns. Key players need to focus on performance efficient new product innovations and subsequently aligning investment efforts.
The logistics market is segmented on the basis of mode of transport, end-user and geography. By mode of transport type, the market is segmented into railways, roadways, airways, and waterways. Further, by end-user, the market is segmented into healthcare, manufacturing, trade & transportation, telecommunication, government & public utilities, banking & financial services, retail, media & entertainment, information technology, and others. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Global Logistics Market Segmentation
Top Factors Impacting the Global Logistics Market
Rise in Trade Related Agreements
Another important factor which has influenced the logistics sector is the rise in the trade related agreements between two countries. Free trade agreement has enabled the reduction in duties and taxes. Further, there has been increase in the trade activities as exporter and importer need not pay taxes to the government. Countries in trade blocs are lifting bans and making trade more flexible.
Logistics Infrastructure, IT and Technological Advancement
Strengthening the capabilities and function of logistics influence the logistics infrastructure to a great extent. The logistics infrastructure is up-graded so as to meet the need of added features in the logistics with the help of IT for the smooth flow of information from one source to another. Increasing use of RFID (Radio Frequency Identification), Bluetooth and other newly introduced technologies such as Drone Delivery and Driverless Vehicle are used more efficiently for the use in logistics services.
- The study provides an in-depth analysis of the global logistics market to elucidate the prominent investment pockets.
- Current trends and future estimations are outlined to determine the overall attractiveness, and single out profitable trends to gain a stronger foothold in the market.
- The report provides information regarding key drivers, restraints, and opportunities along with their impact analyses.
- The market is analyzed based on various regions, namely, North America, Europe, Asia-Pacific, and LAMEA.
Global Logistics Market Key Segmentation
By Mode of Transport
By End User Industry
- Trade and transportation
- Government and public utilities
- Banking and financial services
- Media and entertainment
- Information technology
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East