The world is facing an unexpected
change and numerous industries are facing a hard-hitting situation due to the
COVID-19 pandemic. The COVID-19 outbreak has impacted negatively on the global logistics
market. However, market is expected to regain its importance after the end of
pandemic stress owing to the benefits offered by the logistic service such as
low running expenses, enhanced rate of consumer satisfaction, and service
efficiency. The market has seen a negative impact in the COVID-19 pandemic due
to restricted movement across various regions to curb the spread of the virus. Thus
these are the major factors that are driving the demand of the market in the
forecast period. However, several logistic companies are taking various
strategies to cope up during these tough situations that help them to sustain
their business. For instance, logistic company named as Mavyn has developed a
technology called as no-human interaction model that includes paperless, faceless,
and includes digital route for shipments. During this coronavirus crisis, we
are helping our clients in understanding the impact of COVID-19 on the global logistics
market.
Our report includes:
·
Technological Impact
·
Social Impact
·
Investment Opportunity Analysis
·
Pre- & Post-COVID Market Scenario
·
Infrastructure Analysis
·
Supply Side & Demand Side Impact
According to a new report published by Research Dive, the global logistics
market is anticipated to garner a revenue of $13,933.7 billion by the end of
the forecast period.
Download Sample Report and know How Need for operational efficiency is expected to drive the global
logistics market @ https://www.researchdive.com/request-toc-and-sample/332
The global logistics market is
segmented on the basis of the transportation type, logistic type, application,
end-user, and region. The report provides detailed information about drivers,
opportunities, restraints, segmental analysis, and competitive players of the
market. As per our analysts, various benefits offered by logistics such as
running expenses and rate of consumer satisfaction are the major factors that
are driving the market growth in the predicted period. In addition, logistical
advancements such as handling materials through biometrics, GPS, and others
have benefited towards the growth of the market.
The
Waterways Transportation Type is Anticipated to be the Fastest Growing Segment
in the Global Market
Based on the transportation type, the global
logistics market is fragmented into airways, waterways, railways, and roadways.
Among these, the waterways transportation type is anticipated to fastest
growing type owing to the reduced transpiration cost as compared to other means
of logistical services.
The Second
Party Logistic Type is Foreseen to grow with Healthy CAGR by Contribution to
Maximum Revenue in the Forecast Period
On the basis of logistic type, the global
market is divided into first party, second party, and third party. Out of
these, the second party type has dominated the market in terms of revenue
generation and is anticipated to continue its dominance until 2027. Second
party logistic type has enhanced the efficiency of logistic organizations,
reduces hidden expenses, aids distribution of products efficiently, and
enhances versatility. Thus these are the factors that are contributing towards
the growth of the second party logistic type in the forecast period.
The
Commercial Application Type is Predicted to Dominate the Market in Terms of
Revenue Generation
On the basis of the application, the global
logistics market is classified into residential, commercial, and industrial. The
commercial application type is predicted to dominate the market in terms of
revenue generation and is foreseen to continue its dominance till 2027. Commercial
application type has improved the customer satisfaction and improved visibility
is the factors that are contributing towards dominance.
Check out How COVID-19 impact on the Global
Logistics Market @ https://www.researchdive.com/connect-to-analyst/332
The Retail
Sector will have Lucrative Growth Opportunities in the Predicted Period
On the basis of end-user, the global
market is divided into industrial & manufacturing, retail, healthcare, oil
& gas, and others. The retail sector has dominated the market and is
foreseen to offer lucrative growth opportunity in the forecast period. Enhanced
visibility and rapid growth in the online marketing as enhanced the demand of
the retail sector. In addition, online retail market involves better viewing
and ordering aids ordering of good over smart devices.
Regional
Outlook and Major Market Players
Global logistics market is studied across
North America, Europe, Asia-Pacific, and LAMEA. Among these, the Asia-Pacific
region has dominated the global market share and holds significant position in
terms of revenue generation. Rising foreign trade and favorable economic
conditions have contributed toward this dominance.
The prominent players in the global logistics
market are Americold Logistics LLC, C.H.
Robinson Worldwide Inc., CMA CGM S.A, The Deutsche Post AG, Expeditors
International of Washington Inc., FedEx Corp., J.B. Hunt Transport Services,
Kuehne + Nagel International AG, Penske Logistics, SNCF Logistics, and others.
About Us:
Research Dive is a market research firm based in
Pune, India. Maintaining the integrity and authenticity of the services, the
firm provides the services that are solely based on its exclusive data model,
compelled by the 360-degree research methodology, which guarantees
comprehensive and accurate analysis. With unprecedented access to several paid
data resources, team of expert researchers, and strict work ethic, the firm
offers insights that are extremely precise and reliable. Scrutinizing relevant
news releases, government publications, decades of trade data, and technical
& white papers, Research dive deliver the required services to its clients
well within the required timeframe. Its expertise is focused on examining niche
markets, targeting its major driving factors, and spotting threatening
hindrances. Complementarily, it also has a seamless collaboration with the
major industry aficionado that further offers its research an edge.
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Research Dive
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