Dublin, April 26, 2021 (GLOBE NEWSWIRE) -- The "Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global logistics market reached a value of US$ 5.2 Trillion in 2020. Looking forward, the global logistics market to exhibit moderate growth during the next five years.
The global logistics market in its present state has come about as a result of an amalgamation of supply side and demand side trends. The rapid proliferation of trade agreements among various nations is the major demand driver of the global logistics market. Additionally, the initiatives aimed at increasing globe trade activities have expanded the demand for logistics in order to keep pace with the rising needs of importers and exporters.
Logistics refers to the process of planning and coordinating resources and services from the point of origin to the point of consumption. This process provides efficient and effective transportation and storage of goods and services.
The major components of logistics involved in the proper functioning of an organisation or a business include inventory management, inbound and outbound transportation, material handling, warehousing, etc. In recent years, the logistics industry has benefitted from the advancements made in technology, integration, globalization, legislation, and confederations.
The advancements in technology which involve automated material handling equipment, biometrics, GPS, etc. aid organisations and businesses to work proficiently, thereby spurring the growth of the logistics market across the globe. The upsurge in internet retailing and the increasing popularity of online shopping are some of the other factors supporting the market growth.
J.B. Hunt Transport Services
C.H. Robinson Worldwide Inc
Ceva Holdings LLC
United Parcel Service Inc
Expeditors International of Washington Inc.
XPO Logistics Inc.
Deutsche Post DHL Group
Americold Logistics LLC
DSV Air & Sea Inc
Based on the model type, the market has been segmented as 2 PL, 3 PL and 4 PL.
On the basis of transportation mode, the market has been segregated into roadways, seaways, railways and airways.
Based on the end-use, manufacturing represents the largest segment, accounting for the majority of the global share.
Other major segments include consumer goods, retail, food and beverages, IT hardware, healthcare, chemicals, construction, automotive, telecom, oil & gas, and others.
Region-wise, Asia Pacific accounts for the largest market share followed by Europe, North America, Latin America, and Middle East and Africa.
Key Questions Answered in This Report:
How has the global logistics market performed so far and how will it perform in the coming years?
What are the key regions in the global logistics market?
What has been the impact of COVID-19 on the global logistics market?
Which are the popular logistic models in the global logistics market?
What are the key end-use segments in the global logistics market?
What are the major transportation modes in the global logistics market?
What are the various stages in the value chain of the global logistics market?
What are the key driving factors and challenges in the global logistics market?
What is the structure of the global logistics market and who are the key players?
What is the degree of competition in the global logistics market?
For more information about this report visit https://www.researchandmarkets.com/r/908hwm
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