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Logistics Market Overview
The MMR report for the Logistics market help with market forecast values of every economy as per the segment in the market. The report provides the market dynamics such as growth driving factors, growth restraining factors, opportunities for the new market entrants, and the various government rules and regulations regarding the product. The report also helps with data on decisions taken by the industry specialties during the forecast period.
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Logistics Market Scope
The size of the Logistics market in various divisions and areas is included in the report, including Market dynamics shifting from 2020 to 2029, the latest Trends in the market related to the product price, Recent market developments over the years, In-depth geographical analysis of the region, Strategies for development implemented by key players and Company profiling based on business models is included in the Logistics market report. PESTLE analysis is conducted to evaluate the market conditions.
The size of the logistics market was estimated at US$ 13.39 billion in 2021, and from that year until 2029, total revenue is projected to increase at a CAGR of 7.20 percent, or roughly US$ 23.36 billion.
Segmentation
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 transportation has a substantial impact on many different product industries. Roadway transportation is the least expensive form of long-distance transportation, hence it is anticipated that this market category will rule the Logistics industry during the time of forecasting.
Throughout the projected period, the Aviation Transportation segment is anticipated to expand quickly, at a CAGR of 5.48%. Since 2004, global air logistics traffic has increased sporadically, peaking in 2021 at 0.0612 billion metric tonnes.
The logistics market is divided into first party, second party, and third-party logistics based on the logistical type. Throughout the anticipated period, the Third-Party logistics category held the biggest market share, accounting for 39.24%. Using 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 practical and effective, they promote corporate expansion and are anticipated to become increasingly essential to operations during the projected period.
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
North America, the United States, Canada, Mexico, Europe, the United Kingdom, Germany, France, Spain, Italy, the Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa are covered in the Logistics market report. The regional Logistics market size of the base and the forecast values for each and every segment is covered for all the economies. The report also includes the market hampering factors both positively as well as negatively in every region for the Logistics market.
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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 are the restraining factors in the Logistics market?
- Who are the key players of the Logistics market?
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.
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