Logistics Market

Logistics Market: Snapshot
The growth of the global logistics market is directly related to the development of
international trade flow and the current economic environment. Asia Pacific and
North America appear to be the most attractive markets for logistics, particularly
when it comes to contract service such as third-party logistics. Intra-regional trade
in emerging markets is becoming important, especially in Asia Pacific, and this,
combined with high GDP rates, is projected to continue boosting the logistics
market.
The usage of logistics services in different application such as manufacturing, retail,
trade and transportation, government and public utilities, healthcare, media and
entertainment, telecommunication, banking and financial services, and information
technology is expected to rise considerably during the forecast period, which in
turn, is estimated to strengthen the growth of the logistics market globally.
The global logistics market, in terms of revenue, is set to expand from US$8.1
trillion in 2015 to US$15.5 trillion by 2023, registering a CAGR of 7.5% from 2015 to
2024. By volume, the market is expected to clock in a 6.0% CAGR from 2016 to
2024.
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Roadways to continue being Most Favored Mode of Logistic Transport
Based on the type of transport infrastructure, the logistics market is segmented into
roadways, waterways, railways, and airways. Road freight transport is the most
widely used transport infrastructure globally and has proven to be vital to the social
integration and economic development of various counties. By revenue, roadways
held the dominant share and by volume, waterways accounted for the leading share
in 2015.
Flexibility of operations, easy accessibility, reliability, and availability of door-to-door
services have enabled road transport to gain an increasingly higher share in the
logistics market, both in terms of freight traffic and passenger transport. With
improved road infrastructure in economies such as North America, Europe, and Asia
Pacific, road transport is likely to continue its trend as the most favored mode of
logistic transport.

Based on logistics model, the market is categorized into first-party logistics, secondparty
logistics, third-party logistics, and others. In terms of revenue, second-party
logistics constituted the leading share in the market in 2015, followed by third-party
logistics.
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Promising Markets in APAC Attracting Investments from Government and
Logistics Companies
In 2015, Asia Pacific led the global logistics market thanks to significant contribution
from countries such as China, India, Singapore, Indonesia, Japan, and Malaysia.
China is the major contributor to the growth in this region due to the presence of a
large manufacturing base. India, on the other hand, is one of the most promising
markets, which has attracted the government as well as logistics players to make
massive investments in the country.
The logistics market in North America has grown significantly over the years. This
can be attributed to an increase in trade activities between the U.S. and South
America and Europe. U.S.’s trade relations with Asia Pacific, particularly China and
India, has strengthened owing to the rising demand for foreign goods in these
countries.
Germany is a prominent market for logistics in Europe, while other countries such as
the U.K. and France have also been contributing considerably to the regional
market. Europe is recovering from an economic slowdown and logistics companies
are making massive investments to improve the infrastructure in various countries.
Latin America is perhaps the most noteworthy market for logistics in the Rest of the
World (RoW) segment. Emerging nations such as Brazil and Argentina have shown
massive potential for development thanks to growing trade activities among various
other developing countries.
Key players in this market include J.B. Hunt Transport Services (U.S.), C.H. Robinson
Worldwide, Inc. (U.S.), Ceva Holdings LLC (U.K.), FedEx Corp. (U.S.), United Parcel
Service, Inc. (U.S.), Expeditors International of Washington Inc. (U.S.), XPO Logistics
Inc. (U.S.), Kenco Group (U.S.), Deutsche Post DHL Group (Germany), Americold
Logistics, LLC (U.S.), and UTi Worldwide Inc. (U.S.).nc., Samsung SDI Co. Ltd., LG
Chem Power, Inc., and Toshiba Corporation.

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