Transport and Logistics Market| COVID-19 Impact, Growth and Forecast

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 Segmental Analysis

For the scope of this study, the global Transport and Logistics Market has been analyzed by three segments: logistic type, transportation type, and end-user vertical. On the basis of the transportation type, the Transport and Logistics Market is segmented into airways, waterways, railways, and roadways. On the basis of logistic type, the Transport and Logistics Market has been segmented into the first party, the second party, and the third party. The second-party logistics segment held the largest market share. By End-user, the market has been bifurcated into industrial and manufacturing, healthcare, retail, oil & gas, and others. 

Regional Analysis

 The Asia Pacific region was accountable for the largest share of the global market in 2016, followed by the North American and European regions. The Asia Pacific region is projected to enhance at a gradually rising CAGR over the forecast period. Increased adoption rates of outsourced logistics services in the region are motivating the development of the market. Increasing exports and imports along with an enormous demand for logistics services owing to the economic growth and urbanization that is prompting the manufacturers to trade across the globe. Japan, Australia, China, India, and Indonesia are the main markets in the Asia Pacific region. 

The North American region is the second dominant region in the market. Increasing trade activities amid the Americas and European regions are supporting the development of the Transport and Logistics Market in this region. The growing demand for foreign goods in Thailand, Indonesia, and India have strengthened the trade dealings with the U.S. The European region is another crucial region in the Transport and Logistics Market. Economies such as Germany, The U.K., and France are the key Transport and Logistics Markets in Europe .

Competitive Analysis

The top market players operational in the global Transport and Logistics Market as identified by MRFR are Ceva Holdings LLC (U.K.), XPO Logistics Inc. (U.S.), C.H. Robinson Worldwide, Inc. (U.S.), FedEx Corp. (U.S.), Expeditors International of Washington, Inc. (U.S.), GEODIS (France), DHL International GmbH (Germany), DSV Global Transports and Logistics (Denmark), A.P. Moller – Maersk (Denmark), DTDC Express Limited (India), Schenker AG (Germany), and other.

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