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Logistics Market to Record a Striking CAGR of 7.4% through 2026, on the back of Technological Advancements

Press release Description

Albany, New York, January 25, 2019: With the wake of advanced technologies such as global positioning systems (GPS), transportation management system, warehouse management systems, dispatching communication systems, and order entry systems, marrying the logistics space, the global logistics market has witnessed a remarkable growth. Exigency among the logistics companies to meet the needs of their impulsive consumers is pervasive, which is further anticipated to be a strong driver for the growth of logistics market.

Increasing popularity of online shopping, on the back of surging manufacturing and retailer companies has propelled the demand for logistics companies. Rise in the trade across geographies is yet another imperative growth determinant for the global logistics market. Aforementioned insights have been culled from a recently published report titled, Logistics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”, which has been encapsulated in the broad repository of Market Research Reports Search Engine (MRRSE).

Increasing competition among the behemoths of logistics market has further hard pressed them to provide quality service, time-efficiency, and after-sales support, which in turn has resulted in an impressive growth of the logistics market across the world. Aforesaid factors collectively contribute to the logistics market, which is further expected to record a stunning CAGR of 7.4% through 2026.

Logistics Market: Gist of the Report

The report aims at equipping the leading and emergent players of the market with reliable source of data. The detailed report on logistics market tracks various touch points that determine the growth of the market in the long-run. This comprehensive report is curated by gleaning valuable data from the progressions and recent trends followed by the leading players in the market. Market evaluation has been done in volume (Mn Tons) and value (US$ Bn).

The study commences with a holistic outlook on the market with the help of an insightful analysis on the key demand drivers, recent trends, opportunities, and threats prevailing in the existing market. Besides providing imperative growth information, the report encompasses detailed analysis on the microeconomic and macroeconomic factors, impacting the revenue size of the market.

The market has been evaluated in the report on the basis of transportation type, customer type, applications, geographies, and logistics model. Market evaluation has been done by studying the influence of legal, technological, economic, and social factors, complemented by the market dynamics. The compilation of this insightful report has been done by gleaning valuable data from authentic primary and secondary sources.

Asia Pacific to Dominate the Global Logistics Market

The report encompasses of regional segmentation, which includes North America, South America, Europe, Asia Pacific, Middle East and Africa. A brief overview for each of these geographies have been incorporated in the report, along with their market size and key developments.

According to the report, Asia Pacific is anticipated to hold the superlative market share in the logistics market through 2026, attributed to the impressive growth of international trade and presence of ecommerce behemoths in this region.

Behemoths of the Logistics Market

The leading players profiled in the report consists of LLC, Americold Logistics, C.H. Robinson Worldwide, Inc., DHL Supply Chain, Ceva Holdings LLC, Expeditors International of Washington Inc., J.B. Hunt Transport Services, FedEx Corp., Kuehne + Nagel Inc., Ryder Supply Chain Solutions, DSV A/S., Penske Logistics, SNCF Logistics, United Parcel Service, Inc., The Boeing Company, and XPO Logistics Inc., among others.

Besides their market size, financials, industries served, strategies, and recent developments, a comprehensive overview for each of these companies has been encapsulated in the report.

Browse Full Global Logistics Market Report with

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