Furniture Logistics: Key market research findings
- Introduction of various value-added services
- Technological advancements
Technavio has released a new market research report on the global furniture logistics market, which is expected to grow at a CAGR of 5% between 2016 and 2020. Growth in intra-regional trades and the relocation of manufacturing facilities to countries where labor costs are low are spurring the demand for both domestic and international transportation logistics during the forecast period. Europe accounts for 36% of the total market share, owing to the populace’s augmented demand for luxury furniture with appealing designs, especially Italian furniture.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the market is witnessing is the advent of numerous value-added services offered by vendors. Recently, it has been observed that the global furniture logistics market is witnessing a trend where shippers prefer to opt for furniture logistics providers that provide a one-stop solution for all the services needed. Consequently, vendors have now started to offer value-added services like assortment and grading of products, packaging, and MIS services in the logistics management to the suppliers as it will help them to bolster their revenue generating capacity,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research.
The use of upgraded technologies in furniture logistics service is expected to increase over the next four years. The furniture logistics companies have a range of services such as GPS-enabled transportation trucks for tracking, RFID for inventory tracking, bar coding, and MIS-related services. These IT-enabled services increase the efficiency of logistics services with respect to scheduling transportation and delivery, and inventory management.
The leading vendors in the global furniture logistics market include Deutsche Post DHL, DB Schenker, Kuehne + Nagel, C.H. Robinson, and UPS. This market is observing a trend where shippers are looking for vendors that provide a one-stop solution for all the services needed. Many vendors in this market are investing in intermodal rail transportation to increase product security, upgrade carrying capacity of their vehicles, and to ensure the timely delivery of goods.
A more detailed analysis is available in the Technavio report, Global Furniture Logistics Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Food Logistics Market: Research Report 2015-2019
- Global Logistics Market 2015-2019
- Global Bio Pharma Logistics Market 2015-2019
- Global Chemical Logistics Market 2015-2019
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