Logistics Market Market Expected to Show Significant Growth by 2027 in Competitive Environment || Shenzhen Feima International Supply Chain Co., Ltd., Sinotrans Limited, United Parcel Service, Inc.

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Global Logistics Market was valued at 5831.4 Million US$ in 2019 and is projected to reach a value of 8627.4 Million US$ by 2027 at a CAGR of 5.3% between 2020-2027.

Logistics refers to the overall process of managing how resources are acquired, stored, and transported to their final destination. It is the process of planning and executing the efficient transport and storage of goods from the point of origin to the point of consumption. The goal of logistics is to meet customer requirements in a timely and cost-effective manner. Logistics can be divided into five types by field, such as recycling logistics, production logistics, recovery logistics, sales logistics, and supply logistics. The three types of logistics include reverse logistics, outbound logistics, and inbound logistics. Logistics offers various benefits, such as increased customer satisfaction, reduced operational costs, and improved delivery performance.

Competitive Landscape: Changan Minsheng APLL Logistics Co., Ltd., China Ocean Shipping Company (COSCO), Deutsche Post DHL, FedEx Corporation, Jiangsu Aucksun Co. Ltd., Kuehne-Nagel, Inc., Orient Overseas (International) Ltd., Shenzhen Feima International Supply Chain Co., Ltd., Sinotrans Limited, United Parcel Service, Inc.

Thus, there is an increasing demand for logistics services globally owing to the growing trend of outsourcing manufacturing and distribution globally, driving the growth of the logistics market. For example, in July 2021, Safeexpress launched its state-of-the-art logistics park in Navi Mumbai (India). This logistics park will serve as a hub for supply chain and logistics in the region as this facility is based at a strategic location and has strong connectivity to all Indian states. The primary goal of supply chain is competitive advantage, while the primary goal of logistics is to meet customer requirements. This in turn is expected to boost the growth of the logistics market in India.

Geographically, the report examines the production, consumption, revenue, market share, growth rate and forecast for the following regions:

🔹North America (US, Canada)

🔹Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

🔹Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

🔹Latin America (Brazil, Mexico, Others)

🔹The Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)

Moreover, there is a growing demand for logistics services, owing to the rapid growth of the e-commerce industry. Over the years, the popularity of online shopping has grown globally. This is due to the increasing number of internet users and the growing preference of customers for online shopping over traditional shopping. According to the India Brand Equity Foundation (IBEF), India’s e-commerce market is expected to reach US$200 billion by 2026 from US$38.5 billion in 2017. In addition, factors such as the ease of access, benefits such as sophistication and personalization, and the convenience of delivering items to your doorstep have led to the growing popularity of online shopping.

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Some of the important questions answered by this report include:

✅ Who are the top five players in the Logistics market?

✅ What will the logistics market look like in the coming years?

✅ Which products and applications will dominate the Logistics market?

✅ What are the drivers and restraints of the Logistics market?

✅ Which regional market will represent the strongest growth?

✅ What will be the CAGR and market size of the logistics market during the forecast period?

✅ What is the current market size, what will it be in 2029, and what will the growth rate be?

✅ What are the constraints to market growth?

✅ What market opportunities and risks do key companies face?

✅ Who are the main competitors and what is their strategic approach?

✅ What are the market entry challenges for new players?

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Hence, these factors are expected to drive the growth of the logistics market. The market is also expected to witness robust growth owing to increasing technological developments in freight transportation. For example, in July 2021, the AI-powered 4PL logistics platform, Shyplite, which enables businesses to automate their logistics and increase shipping efficiency by providing an integrated one-stop-shop platform to several carriers, launched Shypmax which is the first and only Indian cross-border. LPaaS (Logistics Platform as a Service). These new state-of-the-art digital freight trains will help improve the performance of the logistics market.

Market Scale and Segment Analysis:

Global logistics market, by transport infrastructure:

Global logistics market, by end-use industry:

Global logistics market, by region:

    • North America

    • Latin America

    • Europe

    • Asia Pacific

    • Middle East and Africa

Continue….

Key development:

  • In order to gain a competitive edge in the industry, key companies are focusing on partnerships and collaborations. FedEx Corporation and Microsoft Corporation, for example, cooperated in May 2020 to redefine commerce by merging global digital and logistics networks to unlock opportunities for customers through multiple collaborative services powered by Azure and Dynamics 365.
  • Major market players are expanding their businesses to increase their presence in the market. For example, Deutsche Post DHL said in January 2020 that it would expand its warehouse and supply chain operations in India.
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