The post Logistics Market To Reach USD 23.36 Bn Growing at CAGR 7.20% By 2029 appeared first on Newstrail.com authored by Maximize Market Research
Logistics Market size was valued at USD 13.39 Bn. in 2021 and the total revenue is expected to grow at CAGR 7.20% through 2021 to 2029, reaching nearly USD 23.36 Bn.
Market Overview
Maximize Market Research, a renowned global Logistics Market research firm, has recently released a comprehensive report on the market. This report provides valuable business insights, including market sizing by region, products, and applications, along with a forecast until 2029. According to the research analyst, the APAC region presents a highly lucrative opportunity for both the Logistics Market and its components manufacturers in the coming decade. The report thoroughly analyzes the impact of the market following the Covid-19 lockdown and reveals that the market is displaying an upward trend even amidst an economic slowdown.
The report from Maximize Market Research delves into the market’s resilience and highlights its potential for growth, shedding light on key factors driving its recovery. It provides an essential resource for industry players, enabling them to make informed decisions and capitalize on emerging opportunities in the Logistics Market.
Logistics Market Dynamic:
In order to maintain and improve the efficiency, effectiveness, and value addition in international trading activities, logistics is becoming more and more crucial with the emergence of trade liberalisation and globalisation. For instance, India and the UK declared in December 2020 that they intended to confirm a free trade agreement (FTA) by 2021 in sectors such pharmaceuticals, fintech, chemicals, petroleum, food goods, and defence manufacturing, which is anticipated to stimulate the expansion of the logistics business.
The main drivers of the logistics market are the emergence of e-commerce platforms and the growing reliance on IoT services. As online deliveries depend heavily on logistics, there is a growing need for logistics services all over the world.
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Market Scope
The Logistics Market report, published by Maximize Market Research, is the result of meticulous primary and secondary research. It encompasses a comprehensive analysis of qualitative and quantitative data, designed to support decision-makers in identifying market segments, regions, and variables that are likely to exhibit higher growth rates, along with major opportunity areas.
The report from Maximize Market Research includes a detailed PESTLE and SWOT analysis, providing valuable insights to assist in the development of company strategies. In-depth analysis of Logistics Market players is also conducted, considering key factors such as company size, market share, market growth, revenue, production volume, and profits.This report serves as a vital resource for industry stakeholders, offering a holistic view of the Logistics Market and equipping them with the necessary information to make informed decisions. The research conducted by Maximize Market Research aims to provide a comprehensive understanding of the market landscape, aiding companies in formulating effective strategies to thrive in the competitive environment.
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Segmentation
by Transportation Mode
- Railways
• Roadways
• Waterways
• Airways
The Logistics Market is divided into Railways, Roadways, Waterways, and Airways based on the mode of transportation. In 2021, the Roadways Transportation category had the most market share (33.19%). Because it is frequently moved to different regions, road transport has a substantial impact on many different product industries. Roadway transport is the least expensive form of long-distance transport, hence it is anticipated that this market sector will rule the Logistics industry during the time of forecasting.
by Logistics Type
- First Party
• Second Party
• Third Party
The logistics market is divided into first party, second party, and third-party logistics based on the logistical type. During the anticipated period, the Third-Party logistics category held the biggest market share, accounting for 39.24%. Adopting a third-party logistics solution allows manufacturers to outsource operational logistics from warehousing and delivery so they may concentrate on other areas of their businesses since they are unable to monitor every operation at the warehouse and transportation. Because third-party logistics are more convenient and effective, they boost corporate growth and are anticipated to become increasingly essential to operations during the projection period.
by End Use
- Healthcare
• Manufacturing
• Aerospace
• Telecommunication
• Government & Public Utilities
• Banking & Financial Services
• Retail
• Media & Entertainment
• Technology
• Trade & Transportation
• Others
The logistics market is broken down into segments based on end-use, including healthcare, manufacturing, aerospace, telecommunication, government and public utilities, banking and financial services, retail, media and entertainment, trade transportation, technology, and others.The market share that the Manufacturing sector owned in 2021 was 29.81%. Globally rising output of goods drives this segment’s Logistics market growth. During the projection period, the healthcare segment is predicted to expand quickly at a CAGR of 5.8%. The market expansion in this sector is being driven by rising healthcare concerns and rising drug demand.
Table of content for the Logistics Market includes:
- Global Logistics Market: Research Methodology
- Global Logistics Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Logistics Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Logistics Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Logistics Market Segmentation
- Global Logistics Market, by Transportation Mode (2021-2029)
- Global Logistics Market, by Logistics Type (2021-2029)
- Global Logistics Market, by End Use (2021-2029)
- Regional Logistics Market(2021-2029)
- Regional Logistics Market, by Transportation Mode (2021-2029)
- Regional Logistics Market, by Logistics Type (2021-2029)
- Regional Logistics Market, by End Use (2021-2029)
- Regional Logistics Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Players
- J.B. Hunt Transport Inc.
• C.H. Robinson Worldwide, Inc.
• CEVA Logistics
• FedEx Corp.
• United Parcel Service, Inc.
• Expeditors International of Washington Inc.
• XPO Logistics Inc.
• Kenco Group Inc.
• Deutsche Post DHL Group
• Americold Logistics
• LLC
• DSV Panalpina A/S.
• Moller – Maersk
• Geodis
• Nippon Express
Regional Analysis
Regional Insights helps to understand the Logistics Market on a regional level. Region-wise, analysis is done at a wide range of high-resolution regional investigations. Logistics Market research provides exact information on market participants to compete with their greatest competitors based on growth, sales, and other crucial aspects in the market. The research also provides key market-influencing the regional market growth aspects and changes in market regulation that impact the market’s current and future trends. The functioning of the Logistics Market has a significant impact on local development plans. The report enables you to analyse regional factors that affect the Logistics Market and local growth in domestic countries.
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Key Questions answered in the Logistics Market Report are:
- What is Logistics Market?
- What is the forecast period of the Logistics Market?
- What is the competitive scenario of the Logistics Market?
- Which region held the largest market share in the Logistics Market?
- What are the opportunities for the Logistics Market?
- What factors are affecting the Logistics Market growth?
- Who are the key players of the Logistics Market?
- Which company held the largest share in the Logistics Market?
- What will be the CAGR of the Logistics Market during the forecast period?
- What key trends are likely to emerge in the Logistics Market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Logistics Market
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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