Logistics Market Size To Develop With Surge in E-Commerce Activities By 2023

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The effective transportation and storage of goods have gained a great deal of emphasis in recent years contributing to the market’s expansion. Focused market reports associated with the healthcare industry among others lately have been made available by Market Research Future which issues reports on this industry. The market is foreseen to expand at a CAGR of 7.2 percent approximately in the forecast period.
As customer requirements have increased rapidly due to rising demand for local as well as international goods, the market is also undergoing rapid expansion. The economic growth rates globally and the rise in the global trade has increased the market size considerably. Government trade policies are also contributing to the growth of the market substantially. Development in the port-services, shipping, transportation, warehousing areas of the logistic chain are also important motivators for the development of the market.

Segments

The Logistics Market size has been segmented on the basis of transportation end-user industry, type, and logistic type. The transportation type segment of the market consists of waterways, airways, railways, and roadways. The logistic type based segmentation of the market comprises of third party, the second party, and first party. The second-party logistics segment is responsible for the major market share. By end user, the market has been segmented into retail, healthcare, industrial and manufacturing, oil & gas, and others. 

Regional Analysis
The regional analysis of the Logistics Market size includes regions such as North America, Asia Pacific, Europe, and Rest of the World. The Asia Pacific region was responsible for the largest share of the global market in 2016, followed by the North American and European region. The Asia Pacific region is projected to develop at a gradually increasing CAGR during the forecast period. Amplified adoption rates of outsourced logistics services in the region is motivating the development of the market. Growing exports and imports along with an enormous demand for logistics services owing to the economic development and urbanization that is motivating the manufacturers to trade across the globe. Japan, China, Australia, India, and Indonesia are the chief markets in the Asia Pacific region. China is the principal Logistics Market size in the region owing to a huge population base in the country and the prevalence of a big manufacturing hub.

The North American region is the second major region in the market. Growing trade activities amid the Americas and European region are motivating the development of the market in this region. Rising demand for foreign goods in Thailand, Indonesia, and India have reinforced the trade relations with the U.S. The European region is another chief region in the market. The U.K., Germany, and France are the key Logistics Market sizes.
The important competitors in the Logistics Market size globally comprise of  Ceva Holdings LLC (U.K.), C.H. Robinson Worldwide, Inc. (U.S.), XPO Logistics Inc. (U.S.), FedEx Corp. (U.S.), DSV Global Transports and Logistics (Denmark), Expeditors International of Washington, Inc. (U.S.), DHL International GmbH (Germany), A.P. Moller – Maersk (Denmark), Schenker AG (Germany), DTDC Express Limited (India), GEODIS (France), and other.

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