According to Technavio’s latest market research study, the global logistics market is expected to grow at a CAGR of close to 7% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global logistics market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user type
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The top three revenue contributing end-user segments are discussed below:
Global logistics market by manufacturing industry: The rise in a number of manufacturing facilities is the key driving force behind the demand for logistics from the manufacturing industry. Much of the demand for logistics from the manufacturing sector is likely to be concentrated around manufacturing hubs such as India and China. In Europe, the Horizon 2020 R&D funding for “industrial leadership” will boost the manufacturing sector, which, in turn, will have a positive impact on logistics for the manufacturing industry in this region.
“Manufacturers have to procure raw materials, verify their quality, manufacture, check the quality of finished products, and send them to wholesalers, brick-and-mortar stores, and others. The whole supply chain process, from obtaining raw materials to delivering finished products to stores depending on the demand, has a direct impact on the overall cost of production. As a result, manufacturers increasingly prefer the use of logistics services with advanced technologies for the quick and efficient delivery of products,” says Sharan Raj, a lead analyst at Technavio for research on logistics.
Global logistics market by automotive industry: China, Japan, South Korea, Germany, and the US are some of the largest automotive markets in the world and hence, account for a major share of the global logistics market for the automotive sector. The surge in production of automobiles such as including light heavy trucks, commercial vehicles and passenger cars in these countries during the forecast period is anticipated to drive further growth of this market according to the industry analysts at Technavio.
Global logistics market by consumer goods industry: The rise in demand for consumer goods, resulting from the rise of middle-class population, is expected to drive the growth of the global logistics market by the consumer goods industry during the forecast period. The trend is anticipated to be concentrated in Asian countries such as India and China.
The top vendors operating in the global logistics market are:
- DB Schenker
- Deutsche Post DHL Group
- Kuehne + Nagel
- DSV
- C.H. Robinson
- and Rhenus.
Other prominent vendors in the market include Agility, Allcargo Logistics, APL Logistics, BDP International, CEVA Logistics, Damco, Expeditors, FedEx Supply Chain, Gati, Hitachi Transport System, Hub Group, Hyundai Glovis, Imperial Logistics, J.B. Hunt, Kerry Logistics, Logwin, Menlo Worldwide Logistics, Mitsubishi Logistics, NFI, Nippon Express, Panalpina, Ryder, Sankyu, Sinotrans, SNCF, UPS, Werner Enterprises, and Wincanton.
A more detailed analysis is available in the Technavio report titled, ‘Global Logistics Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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- Global Marine Insurance Market 2017-2021
- Global Cold Chain Market 2017-2021
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