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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Overview

Logistics refers to the overall process of managing how resources are acquired, stored, and transported to their final destination. It is a business-planning framework to manage material, service, information, and capital flows. Logistics manages the flow of resources from the point of production to the point of consumption, in order to meet the requirements of customers. These resources may include physical items such as food, liquid, materials, and abstract items such as energy or information. Some of the foremost logistics operations include procurement, production, disposal, distribution and after-sales logistics.

The global logistics market is estimated to account for US$ 8627.4 Mn in terms of value by the end of 2027, exhibiting a CAGR of 5.3% during the forecast period (2020-2027).

Market Dynamics- Drivers

  1. Rising trend of outsourcing in MNCs to manufacture and distribute on global scale is expected to drive growth of the global logistics market during the forecast period

Logistics offer various advantages including improvement in delivery performance, reduction in operational cost, and increase in customer satisfaction levels. Hence, it is being considered a vital aspect of the business by many manufacturers and retailers worldwide. Furthermore, it helps to make an organization more competitive in regards of delivery, flexibility, cost, and quality. Globalization is another factor supporting growth of the market with a number of multi-national companies outsourcing their logistics solutions. Moreover, logistics helps organizations segregate different parts of a production process across different countries. This significantly brings reduction in the overall cost of production. Therefore, these factors are expected to drive growth of the global logistics market during the forecast period.

  1. High growth of e-retailing is expected to propel the global logistics market growth over the forecast period

Internet retail market includes the display and purchase of items via internet and the delivery of the purchased item to the consumer. The popularity of online shopping has increased globally in the last couple of years. This is due to increasing access to the internet and the rising preference of customers for online shopping over traditional shopping. Moreover, ease of access, convenience related to the home delivery of objects and advantages such as customization and refinement of results from a variety of objects are supporting the market currently. Therefore, these factors are expected to propel the market growth over the forecast period.

Statistics:

Asia Pacific region held dominant position in the global logistics market in 2019, accounting for 33% share in terms of value, followed by North America, Europe, Middle East & Africa (MEA), and Latin America respectively.

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Logistics Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 5,831 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 5.3% 2027 Value Projection: US$ 8627.4 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Argentina, Brazil, Mexico, Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East & Africa: GCC Countries, South Africa, Rest of Middle East & Africa
Segments covered:
  • By Transport Infrastructure: Road, Sea, Rail, Air.
  • By End User: Manufacturing, Retail, Trade & Transportation, Government & Utilities, Healthcare, Media & Entertainment, Banking & Financial Services, Telecommunication, Others
Companies covered:

Changan Minsheng APLL Logistics Co., Ltd., China Ocean Shipping Company (COSCO), Deutsche Post DHL, FedEx Corporation, Jiangsu Aucksun Co. Ltd., Kuehne-Nagel, Inc., Orient Overseas (International) Ltd., Shenzhen Feima International Supply Chain Co., Ltd., Sinotrans Limited, United Parcel Service, Inc.

Growth Drivers:
  • Rising technological developments and digital revolution in communication
  • High growth of e-retailing
Restraints & Challenges:
  • Inadequate infrastructure and lack of domestic warehousing
  • Implication of regulations and protectionism to protect domestic industries

Figure 1: Global Logistics Market Share (%), in terms of Value, By Region, 2019

Logistics  | Coherent Market Insights

Market Dynamics- Restraints

  1. Inadequate infrastructure and lack of domestic warehousing are expected to restrain growth of the global logistics market growth over the forecast period

Major challenges for growth of market include poor infrastructure, low diversification, and lower wages. Currently, various logistics companies have deficient recruiting and hiring processes and thus have few young and skilled personnel. The wage levels in the industry are comparatively poor to wage levels of other industries. Therefore, these factors are expected to restrain growth of the global logistics market during the forecast period.

  1. Implication of regulations and protectionism to protect domestic industries is expected to hinder the global logistics market growth over the forecast period

Although globalization is a driving factor, regulation, and protectionism to protect local industries is increasing in emerging economies such as Brazil, India, Argentina, and Canada. Hence, domestic producers seek protection from the influx of imports. These producers and other commercial interests join forces to promote regulations related to restricting imports. For instance, regulatory protectionism is evident in a number of U.S policies that provide protection from foreign competition. Moreover, protectionism inhibits the trade between two foreign parties and imparts a negative impact. Therefore, these factors are expected to hinder the global logistics market growth over the forecast period.

Market Opportunities

  1. Exponential growth e-commerce market can present lucrative growth opportunities

The E-commerce market is experiencing high growth rate due to increasing popularity of online shopping and increased customer reliance on online vendors. The market is further expected to grow with addition of new online stores for different consumer goods such as shoes, clothes and musical instruments among others. However, cross-border delivery of goods is acting as a challenge to the market in regions such as the Middle East, where government rules and regulations change constantly.

  1. The advent of the warehouse management system (WMS) can provide major business opportunities

A large number of companies do not have Warehouse Management System (WMS) or have WMS that lacks in features such as zone picking, directed put away, and interfacing with ERP or TMS system. With the focus of companies on improving these services, WMS up gradation is expected to increase in the coming years.

Figure2 : Global Logistics Market Value (US$ Mn), 2017 - 2027

Logistics  | Coherent Market Insights

The global logistics market was valued at US$ 5831.4 Mn in 2019 and is forecast to reach a value of US$ 8627.4 Mn by 2027 at a CAGR of 5.3% between 2020 and 2027.

Market Trends

  1. Enterprise resource planning enhancement is a major trend

ERP systems installed in companies presently do not have all the functions needed to manage transportation and warehousing. These systems lack the effectiveness present in the modern systems. Moreover, companies are expected to replace or enhance their present systems that are more effective, in the near future.

  1. Reduction in shoring is another major trend

During the past few years, manufacturers have shifted their production to low-cost countries. However, with increasing logistics cost due to rising fuel prices, the logistics industry has seen a decline in shoring of goods in the recent years. Key players in countries such as China, Turkey, and Mexico among others are focusing on manufacturing goods close to their markets to save time and cost related to offshoring.

Value Chain Analysis

The global value chain of logistics market plays a crucial role in spreading technology, connecting countries and promoting best practice around the world. There are a large number of lead firms involved in this value chain including major express delivery, shipping and freight forwarding firms. The logistics value chain is important, as it is a key for the performance of other sectors of the economy. For example, manufacturing and agriculture both depend on the delivery of goods to consumers quickly and reliably and thus they use logistics services.

Global Logistics Market - Impact of Coronavirus (Covid-19) Pandemic

Coronavirus (COVID-19) Pandemic have negatively affected the economies of various countries around the globe. In China, sudden halt in production has left many industries are in loss due to a temporary shutdown. This in turn, is expected to hamper the growth of the global logistics market during the forecast period.

Competitive Section

Key companies operating in the global logistics market are Changan Minsheng APLL Logistics Co., Ltd., China Ocean Shipping Company (COSCO), Deutsche Post DHL, FedEx Corporation, Jiangsu Aucksun Co. Ltd., Kuehne-Nagel, Inc., Orient Overseas (International) Ltd., Shenzhen Feima International Supply Chain Co., Ltd., Sinotrans Limited, United Parcel Service, Inc.

Key Developments

  1. Key players in the market are focused on partnerships and collaborations, in order to gain a competitive edge in the market. For instance, in May 2020, FedEx Corporation collaborated with Microsoft Corporation to transform commerce by combining the global digital and logistics network to create opportunities for customers through multiple joint offerings powered by Azure and Dynamics 365.
  2. Major market players are involved in business expansion, in order to enhance the market presence. For instance, in January 2020, Deutsche Post DHL announced to expand warehousing and supply chain business in India.

Logistics is the process of managing the movement, procurement, and storage of materials, by the organization and its marketing channels in such a way that future and current profitability are increased through goods fulfillment of orders. Furthermore, logistics activities include all the activities of the supply chain such as transport service, inventory management, information exchange, cargo handling, packaging, and warehousing.

Market Dynamics

The rising technological developments in freight transport is expected to propel the global logistics market growth over the forecast period. For instance, on March 2, 2019, SNCF Logistics, a division of the SNCF Group, entered into a partnership with Marseilles-based shipping container technology firm Traxens to develop a digital freight train. The new digital freight trains will help improve the performance of the logistics market.

Furthermore, rising demand for package shipping is expected to opened larger logistics facilities in India. For instance, in October 2018, United Parcel Service, a logistics company, opened new facilities in Ahmedabad and Hyderabad in India.

However, lack of domestic warehouse space is one factor that is expected to hamper growth of the global logistics market.

Market Taxonomy

This report segments the global logistics market on the basis of transport infrastructure, end-use industry, and region. On the basis of transport infrastructure, the global logistics market is segmented into road, sea, rail, and air. On the basis of end-use industry, the global logistics market is segmented into manufacturing, retail, trade & transportation, government & utilities, healthcare, media & entertainment, telecommunication, banking & financial services, and others. On the basis of region, the global logistics market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA).

Key features of the study:

  • This report provides an in-depth analysis of the global logistics market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global logistics market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the global logistics market include Changan Minsheng APLL Logistics Co., Ltd., China Ocean Shipping Company (COSCO), Deutsche Post DHL, FedEx Corporation, Jiangsu Aucksun Co. Ltd., Kuehne-Nagel, Inc., Orient Overseas (International) Ltd., Shenzhen Feima International Supply Chain Co., Ltd., Sinotrans Limited, and United Parcel Service, Inc.
  • The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global logistics market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global logistics market.

Detailed Segmentation:

  •  Global Logistics Market, By Transport Infrastructure:
    • Road
    • Sea
    • Rail
    • Air
  • Global Logistics Market, By End-use Industry:
    • Manufacturing
    • Retail
    • Trade & Transportation
    • Government & Utilities
    • Healthcare
    • Media & Entertainment
    • Banking & Financial Services
    • Telecommunication
    • Others
  • Global Logistics Market, By Region:
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa
  • Company Profiles
    • Changan Minsheng APLL Logistics Co., Ltd *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • China Ocean Shipping Company (COSCO)
    • Deutsche Post DHL
    • FedEx Corporation
    • Jiangsu Aucksun Co. Ltd.
    • Kuehne-Nagel, Inc.
    • Orient Overseas (International) Ltd.
    • Shenzhen Feima International Supply Chain Co., Ltd.
    • Sinotrans Limited
    • United Parcel Service, Inc.

*Browse all the market data tables and figures on “Global Logistics Market- Forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Transport Infrastructure
      • Market Snippet, By End-use Industry
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New System Launch/Approval
  4. Global Logistics Market - Impact of Coronavirus (Covid-19) Pandemic
    • Short Term and Long Term Impact, By Region
      • North America
      • Latin America
      • Europe
      • Asia-Pacific
      • Middle East & Africa (MEA)
    • Short Term and Long Term Impact, By Transport Infrastructure
      • Road
      • Sea
      • Rail
      • Air
  5. Global Logistics Market, By Transport Infrastructure, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Road
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Sea
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Rail
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Air
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  6. Global Logistics Market, By End-use Industry, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Manufacturing
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Retail
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Trade & Transportation
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Government & Utilities
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Healthcare
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Media & Entertainment
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Banking & Financial Services
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Telecommunication
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  7. Global Logistics Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Transport Infrastructure, 2020–2027 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Transport Infrastructure, 2020–2027 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Argentina
        • Brazil
        • Mexico
        • Rest of Latin America
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Transport Infrastructure, 2020–2027 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Transport Infrastructure, 2020–2027 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • ASEAN
        • Japan
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Middle East & Africa
      • Regional Trends
      • Market Size and Forecast, By Transport Infrastructure, 2020–2027 (US$ Million)
      • Market Size and Forecast, By End-use Industry, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of Middle East & Africa
  8. Competitive Landscape
    • Company Profiles
      • Changan Minsheng APLL Logistics Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • China Ocean Shipping Company (COSCO)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Deutsche Post DHL
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • FedEx Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Jiangsu Aucksun Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Kuehne-Nagel, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Orient Overseas (International) Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Shenzhen Feima International Supply Chain Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sinotrans Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • United Parcel Service, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

*Browse market data tables and figures on “Global Logistics Market-forecast to 2027”

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Frequently Asked Questions

The global logistics market size was valued at US$ 5831.4 million in 2019 and is estimated to exhibit a CAGR of 5.3% between 2020 and 2027
Retail segment held the major market share in 2019, owing to increasing popularity of online shopping
Rising trend of outsourcing in MNCs to manufacture and distribute on global scale is one of the major factor driving the growth of global logistics market.
Inadequate infrastructure and lack of domestic warehousing are some of the major factor hampering the growth of the logistics market.
Asia Pacific region, logistics market is expected to generate highest revenue during the forecast period, owing to development of logistics hub.
Some of the key players operating in the market include Changan Minsheng APLL Logistics Co., Ltd., China Ocean Shipping Company (COSCO), Deutsche Post DHL, FedEx Corporation, Jiangsu Aucksun Co. Ltd., Kuehne-Nagel, Inc., Orient Overseas (International) Ltd., Shenzhen Feima International Supply Chain Co., Ltd., Sinotrans Limited, United Parcel Service, Inc.
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