- The key vendors in the global logistics market 2015-2019 are DB Schenker, Deutsche Post DHL, Kuehne + Nagel, Rhenus and SNCF.
London, 29 September 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global logistics market
2015-2019. The logistics market is currently witnessing the development of integrators. These integrators are capable of achieving economies of scale and improved efficiency through reduced costs as they handle all the logistics processes. They have strong IT infrastructure in place to support their operations and are equipped with systems that can electronically monitor the progress of all processes. The global logistics market is expected to grow at a CAGR of around 8.44% during the forecast period of 2015 and 2019.
The global logistics market is expected to grow at a rapid rate during the forecast period, mainly driven by the increase in import and export activities across the globe. Companies in various countries are outsourcing their manufacturing units to countries where lower costs are incurred. The majority of the growth in the market comes from Europe, followed by APAC, North America, Latin America, and MEA.
“The global logistics market is witnessing a huge demand for professional logistics services that provide high-end logistics and supply chain solutions with VAS, including the sorting and grading of products, packaging, MIS services in the logistics supply chain, and other legal formalities necessary in the process,” says Faisal Ghaus, Vice President of Technavio Research.
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Logistics Market 2015-2019, please send an e-mail to media@TechNavio.com
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