Overview
The Logistics Market is anticipated to grow rapidly at a CAGR of 7.2% during the forecast period. The global logistics market is driven by huge demand for logistics services due to the economic growth and urbanization. These factors have helped shape the logistics market and are expected to boost the growth. Companies in the logistics market could also face challenges such as lack of skilled human resource and restricted market environment in some regions. The details covered in the logistics market report cover all the aspects of the industry. logistics market analysts have also shared growth projections in the report and have suggested logistics market players to plan growth strategies accordingly.
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Market Segmentation
The global logistics market can be classified based on logistic type, end-user industry, transportation type, and region.
Based on logistic type, the global logistics market can be segregated into the first party, the second party, and a third party.
Based on the end-user industry, the global logistics market can be segregated into oil & gas, retail, industrial and manufacturing, healthcare, and others. The Manufacturing segment accounted for the largest market share.
Based on transportation type, the global logistics market can be segregated into railways, waterways, airways, and roadways.
Based on the region, the global logistics market can be segregated into North America, Europe, Asia Pacific, and Rest of the World (RoW).
Regional Analysis
Geographically, the global logistics market has been divided into four major regions - North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
The Asia Pacific is accounted for the largest share of the global market in 2016, followed by North America and Europe. It is expected to grow at the highest CAGR during the forecast period. Increased adoption of outsourced logistics services in the region is driving the growth of the market. The imports and exports of goods and the use of smartphone applications for monitoring the movement of goods can drive the regional market. China, Japan, India, Australia, and Indonesia are the major markets in Asia Pacific region. Recently, Indian logistics platform FarEye has decided to aid SMEs in their purpose of tracking goods through contactless service and intelligent routing shown through maps.
North America has huge potential for the global logistics market owing to an increase in trade activities between the Americas and Europe. Presence of huge warehouses and large number of fleets able to deliver goods through unpredictable weather conditions can drive the regional market.
Competitive Outlook
DSV Global Transports and Logistics, DHL International GmbH, DTDC Express Limited, FedEx Corp., GEODIS, Schenker AG, A.P. Moller – Maersk, XPO Logistics Inc., Expeditors International of Washington, Inc., C.H. Robinson Worldwide, Inc., and Ceva Holdings LLC are key players of the global logistics market.
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Industry News
From Realterm and J.P. Morgan Asset Management is delighted to announce the purchase of a fully functional high flow-through (HFT) logistics portfolio of 1.75 million square-foot (msf) concentrated in 28 US key manufacturing markets, including, among others, Chicago, Atlanta, Dallas, New Jersey, New York, and Philadelphia. Any of the portfolio's 54 properties profits from favorable transportation locations with excellent connections to main interstate highways, airports, and seaports. In a 50/50 JV with institutional investors recommended by J.P., the portfolio was purchased by the Realterm Logistics Benefit Fund (RLIF) Morgan Management of Assets, which will be handled by Realterm.
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