Key Players and Market Analysis
Some of the most renowned pioneers of the market are – Americold Logistics LLC, CMA CGM S.A, Expeditors International of Washington Inc, .B. Hunt Transport Services, Penske Logistics, C.H. Robinson Worldwide Inc, The Deutsche Post AG, FedEx Corp, Kuehne + Nagel International AG, and SNCF Logistics.
A recently published report by Research Dive states that the global logistics market is segregated into five different segments, by transport type, by logistics type, by application, by end user, and by region.
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The transport type segment is further segregated into airways, waterways, railways, and roadways. Among these sub-segments, waterways transport is set to dominate the market during the forecast period. This growth is credited to the fact that waterways do not need frequent maintenance services and the cost of transport is also comparatively low.
The logistics type segment is divided into first party, second party, and third party. Among these, the second party sub-segment has contributed to the highest shares of the market as the segment works on reducing expenditure, helps strengthen any company’s efficiency, and also makes the process of distribution more efficient.
The application segment is distributed into residential, industrial, and commercial sub-segments. The commercial sub-segment is predicted to dominate the market by 2025, as it helps to improve customer service experience and enhances visibility.
The end user segment is classified into five major sub-segments namely- retail, oil and gas, industrial & manufacturing, and retail. The retail sub-segment is projected to witness fastest growth in the global industry over the forecast period. This is mainly owing to the swift growth in the online retailing market as it involves viewing and ordering goods anywhere at any time over the phone.
Based on region, the global market is sectioned into Europe, North America, LAMEA, and Asia Pacific. Among these, the Asia Pacific region is predicted to account for highest share in the global market during the forecast period. This can be majorly owing to rise in foreign trade along with the stable economic conditions in the region.
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