This market research report presents a comprehensive analysis of the logistics market in APAC by types of logistics model (second-party logistics, third-party logistics, and fourth-party logistics). Leading vendors identified in this market are CJ Korea Express, Deutsche Post DHL, Hitachi Transport System, Sankyu, and Mitsubishi Logistics.
Technavio’s market research analysts estimate the logistics market in APAC to grow at a CAGR of more than 13% between 2016 and 2020. The demand for logistics services in APAC is high because import and export of raw materials and finished goods are increasing across the globe. China and Japan are the key automobile manufacturing countries in the region, which drive the need for logistics services in this region.
The new market research report from Technavio provides a breakdown and analysis of the logistics segments by technology.
“Of late, the market is going through the increasing number of M&A in the region. Vendors in the market are entering into mergers and acquisitions to diversify their portfolio, increase their global presence, and achieve economies of scale for various SCM processes. To establish a global presence, mergers have to take place between companies in different regions. This enables them to deliver services at all points along the supply chain,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research
The 4PL segment is one of the prominent market segments in this market and is expected to reach more than USD 12 billion by the end of 2020. The 4PL market in APAC is expected to grow rapidly and is dominated by the local vendors that provide logistics-specific solutions. The logistics services provided by the unorganized players are not standardized in terms of time and VAS. The 4PL logistics service providers have a better insight of the market and can effectively liaise with 2PL and 3PL service providers to increase their customer base.
The leading vendors in the logistics market in APAC include CJ Korea Express, Deutsche Post DHL, Hitachi Transport System, Sankyu, and Mitsubishi Logistics. This market is fragmented and localized with many new establishments catering to each logistics sub-segment. The competition is expected to intensify with the entry of new players in the logistics market. Additionally, companies are expanding their businesses through M&A to increase their global presence and expand their product.
A more detailed analysis is available in the Technavio report, Logistics Market in the APAC region 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
