U.S (New York) – We are thrilled to announce the latest release of our comprehensive market research report titled “Logistics Market” by Report Ocean, a prominent industry insights provider. This report provides a wealth of valuable insights and analysis on the current trends, growth prospects, competitive landscape, and strategic recommendations within the [specific industry/market]. It serves as an indispensable resource for gaining in-depth knowledge of the industry and making well-informed decisions.
Logistics is defined as the process to control, execute, and plan the movement of material, capital, and service. These services consist of activities such as material handling, packaging, transportation, inventory, security, and warehousing, which can be scaled according to customer needs and market conditions. Logistics service providers are responsible for the delivery of materials or goods from manufacturers to consumers. The logistics industry comprises Third-Party Logistics (3PL), Fourth-Party Logistics (4PL), inbound logistics, outbound logistics, reverse logistics, green logistics, military logistics, and other logistics services.
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A release on June 8th, 2022, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2022.In April 2022, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2022, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID-19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2022 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on industries. resulting in a large market for Logistics Market.
This process provides efficient and effective transportation & storage of goods and services. At present, logistics services are widely being used in various applications, including warehousing, procurement, supply chain, material handling, inbound & outbound transportation, packaging, and inventory. The factors, such as growing the e-commerce industry, rise in reverse logistics operations, and increase in trade related agreements, fuel the market growth. In addition, rise of tech-driven logistics services and growing adoption of IoT-enabled connected devices are also expected to drive the market growth. However, lack of control of manufacturers on logistics service, poor infrastructure, and higher logistics costs hinder the market growth. Further, emergence of last mile deliveries, logistics automation, and cost cutting & lead time reduction due to adoption of multi-modal system are some of the factors that are anticipated to foster the market growth.
The market is segmented on the basis of mode of transport, end use, and region. On the basis of mode of transport, the market is bifurcated into railways, airways, roadways, and waterways. On the basis of end use, it is categorized into healthcare, manufacturing, aerospace, telecommunication, government & public utilities, banking & financial services, retail, media & entertainment, technology, trade & transportation, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
A.P. Moller-Maersk, C.H. Robinson Worldwide, Inc., DB Schenker, Deutsche Post AG (DHL Group), DSV, FedEx, Geodis, Kuehne+Nagel, Nippon Express, and United Parcel Service, Inc. are some of the leading key players operating in the logistics market.
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COVID-19 SCENARIO ANALYSIS
– Travel restrictions, nightly curfews, border closures, and flight cancellations imposed by countries in the region led to decline in logistics activities and also revenues of logistics & transportation service providers.
– Lockdown restrictions due to COVID-19 are expected to fuel the online delivery and e-commerce industry.
– COVID-19 is anticipated to negatively affect non-essential goods retail and ground cargo demand across the world.
– The COVID-19 crisis may affect commodity chains in the short & long term and decline the foreign investment.
KEY BENEFITS FOR STAKEHOLDERS
– This study presents analytical depiction of the global logistics market analysis along with current trends and future estimations to depict imminent investment pockets.
– The overall logistics market opportunity is determined by understanding profitable trends to gain a stronger foothold.
– The report presents information related to the key drivers, restraints, and opportunities of the global logistics market with a detailed impact analysis.
– The current logistics market is quantitatively analyzed from 2017 to 2027 to benchmark the financial competency.
– Porters five forces analysis illustrates the potency of the buyers and suppliers in the industry.
KEY MARKET SEGMENTS
By Mode of Transport
o Railways
o Airways
o Roadways
o Waterways
By End Use
o Healthcare
o Manufacturing
o Aerospace
o Telecommunication
o Government & Public Utilities
o Banking & Financial Services
o Retail
o Media & Entertainment
o Technology
o Trade & Transportation
o Others
By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? UK
? Germany
? France
? Spain
? Italy
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? Australia
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa
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Features of the Market Report:
- Comprehensive industry data presented in a user-friendly and easily comprehensible format.
- Detailed market segmentation, providing key insights into each sub-segment of the industry.
- Thorough analysis of profiles of major market players, including their strategies and approaches.
- Precise examination of regional and country-specific sales opportunities in the market.
- In-depth analysis of current and emerging market trends, offering valuable intelligence.
- Identification of industry drivers and restraints that can impact different segments and regions.
- Clear understanding of expansion strategies, new product launches, and potential acquisitions by companies.
- A well-structured report combining insightful literature with graphical representations of relevant market variables
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