Kenneth Research, in its repository of market research reports, have recently added a report on Logistics Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Logistics Market products.
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According to the statistics by the International Environmental Agency (IEA), the global stock of electric passenger cars passed 5 million in the year 2018, which was an increase by 63% from the year 2017.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The Logistics Market is expected to grow at a significant CAGR during the forecast period. Increasing demand for commercial and personal electric vehicles around the globe is anticipated to drive the growth of the MARKET over the forecast period. According to the statistics by the International Environmental Agency (IEA), the global stock of electric passenger cars passed 5 million in the year 2018, which was an increase by 63% from the year 2017.
Global Logistics Market is further estimated to grow at a CAGR of 7.1 % from 2019 to reach USD 1524.5 Billion by the year 2025. Logistics is a business to control, execute, and plan the development of material, capital, and administration. Co-ordinations is a piece of production network the executives that controls, actualizes, and designs the viable and proficient stream of merchandise, data, and administrations between the purpose of cause and purpose of utilization. The co-ordination’s advertise incorporates every one of the exercises of the store network, for example, transportation, client benefit, stock administration, stream of data, and request preparing. Some different exercises of the production network are warehousing, material taking care of, obtaining, bundling, data and support, among others. Interest for co-ordinations arrangements is a lot higher in the B2B area and is foreseen to keep ascending throughout the following couple of years.
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Major market players in the Logistics Market are C.H. Robinson Worldwide Inc., Ceva Holdings LLC, FedEx Corp., XPO Logistics Inc., Expeditors International of Washington Inc., DHL International GmbH, DSV Global Transports and Logistics, A.P. Moller – Maersk, Schenker AG, DTDC Express Ltd, and brief information of 10 companies will be provided in the report. Rising research and development expenses to address the changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.
Asia Pacific region holds the highest Market share in 2017 and North America is considered as the fastest growing Market in the forecasted period. At a country level, China, Japan, India, Australia, and Indonesia are the major industries in Asia Pacific region and holds a substantial Market share in 2017 and it is projected to grow at a gradual pace in the coming years. China is the largest Logistics Market in the region due to a huge population in the country and the presence of a large manufacturing base.
SWOT Analysis of Logistics Market
Strength:
Technological Advancements in Logistics Market
Favorable government trade policies
Weakness:
High inventory cost
Low warehousing space
Opportunities:
Developing economies and investments in emerging regions
Increasing in global trade activities of the developing economies
Threats:
Logistics Security and Safety Issues
The Global Logistics Market is segmented on the basis of mode of Transport, by end use and by region. On the basis of Mode of Transport, the Market is segmented as Railways, Airways, Roadways, and Waterways of which roadways segment is expected to hold the highest Market share during the forecast period and are expected to grow with highest CAGR.
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By Mode of Transport
*Railways
*Airways
*Roadways
*Waterways
By End Use
*Telecommunication
*Trade and Transportation
*Government and Public Utilities
*Healthcare
*Manufacturing
*Retail
*Media and Entertainment
*Banking and Financial Services
*Information Technology
*Others
By Region
*North America
o USA
o Canada
*Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
*APAC
o China
o India
o Japan
o Rest of Asia-Pacific
*RoW
o Latin America
o Middle East & Africa
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