Logistics Market by End-user and Geography - Forecast and Analysis 2020-2024

The logistics market has the potential to grow by USD 287.1 million during 2020-2024. The market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

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This report provides a detailed analysis of the market by end-user (consumer goods, automotive, food and beverage, healthcare, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including C.H. Robinson Worldwide Inc., Deutsche Bahn AG, Deutsche Post AG, DSV AS, FedEx Corp., J.B. Hunt Transport Services Inc., Kenco, Kuehne + Nagel International AG, United Parcel Service Inc., and XPO Logistics Inc.

Market Competitive Analysis

The market is currently fragmented, and the degree of fragmentation will increase during the forecast period. Logistics service providers are partnering with blockchain technology providers to develop platforms that will enhance the transparency and security of the logistics industry. C.H. Robinson Worldwide Inc., Deutsche Bahn AG, and Deutsche Post AG are a few of the major market participants. Although the accelerating growth momentum will offer immense growth opportunities to market vendors, the growing number of cargo thefts will challenge the growth of many. To increase their logistics market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this logistics market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this logistics market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading logistics companies, including:

• C.H. Robinson Worldwide, Inc.
• Deutsche Bahn AG
• Deutsche Post AG
• DSV AS
• FedEx Corp.
• J.B. Hunt Transport Services Inc.
• Kenco
• Kuehne + Nagel International AG
• United Parcel Service Inc.
• XPO Logistics Inc.

Logistics Market: Segmentation by Region

APAC was the largest market for logistics in 2019, and the region will continue to offer maximum growth opportunities to market vendors during the forecast period. Factors such as the presence of many consumer base for food and beverage and healthcare product suppliers, increasing demand for LNG, growing demand for cold-chain logistics, and growing number of automobile manufacturing plants are contributing to the logistics market growth in this region.

Over 45% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for logistics in APAC. Market growth in this region will be faster than the growth of the market in other geographies.

Logistics Market: Segmentation by End-user

New product developments and store openings by enterprises in the consumer goods industry will create a need for logistics services to transport products from manufacturing facilities to stores. Hence, the growth of the personal care and consumer electronics sector will boost the demand for logistics services from the consumer goods industry.

The market growth of the consumer goods segment will be faster than the growth of the market by the automotive segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the logistics market size.

Logistics Market: Key Drivers and Trends

The increasing use of multimodal transport is one of the significant factors driving the growth of the logistics market. The concept of multimodal transport, involving the use of a combination of trucks, railcars, aircraft, or ships in succession to each other, is gaining popularity among logistics service providers. The use of multimodal transport will allow enterprises to transport products efficiently during outbound logistics and minimize their inventory and transportation costs. Multimodal transport also helps in reducing the cargo handling time, costs per vehicle, and custom controls. These benefits of multimodal transport are expected to drive its demand and fuel the growth of the logistics market growth during the forecast period.

• Logistics vendors are implementing technology-enabled services, such as telematics and electronic proof of delivery (ePOD), to increase efficiency and reduce costs.
• The benefits of the implementation of telematics services in trucks include shorter standby times, lesser vehicle wear, monitoring of the vital stats of the driver, fewer accidents, optimized routing, and an increase in capacity use.
• ePOD provides real-time data about the driver and package location, proof of delivery date, and operational updates.
• It also helps in streamlining the delivery process by eliminating varying reporting practices between suppliers and reducing administration costs at all points in the delivery chain.
• During 2020-2024, the logistics market will grow at a CAGR of almost 5%.

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