In its new report, titled “Logistics Market - Global and China Industry Analysis Size Share Growth Trends and Forecast 2015 – 2021,” Transparency Market Research offers a comprehensive analysis of the growth trajectory exhibited by the logistics market around the world, with key focus on the growth reported in China during the 2015-2021 period. To provide a holistic overview, the report segments the global market for logistics on the basis of application, transport infrastructure, and geography. Likewise, the China logistics market has been segmented in terms of application and transport infrastructure.
The market for logistics is primarily driven by the increasing trend among multi-national corporations of outsourcing specific operations on a global scale. Additionally, the market is also capitalizing on globalization and removal of trade barriers. The rapidly increasing outsourcing activities worldwide are making supply chains more complex and longer. Furthermore, the proliferation of the internet retailing market is also fuelling demand from the logistics market. This is because third-party service providers can assist retailers in managing their logistics with the best output.
With the advent of the latest technological advances in communication and product development, the adoption of advanced tracking systems such as global positioning system (GPS), radio frequency identification (RFID), and bar code systems has substantially increased. This subsequently is bolstering demand from the global market for logistics, which is poised to surge exponentially between 2015 and 2021.
Developing nations, in particular, such as India, South Africa, Nigeria, Indonesia, Mexico, Brazil, and Turkey, have been exhibiting lucrative prospects for the logistics market. These nations have reported a substantial rise in trading activities with developed nations over the last few years, which has resulted in a spurt in demand for logistics services. Additionally, trade activities between Asia and South America, and Asia and Africa have increased significantly in the last few years. This will create substantial opportunities for enterprises operating in the global logistics market to capitalize on.
Despite witnessing impressive growth opportunities worldwide, lack of domestic warehousing, poor infrastructure, and implications of stringent regulations to protect domestic industries in emerging economies are hampering the growth of the logistics market. The industry is also facing several challenges at present, such as inadequate infrastructure, low diversification, and low wages.
The report underlines and analyzes the factors encouraging and inhibiting the market’s growth during the forecast period in detail. To provide a comprehensive overview of the competitive landscape, major enterprises operating in the regional markets across Asia Pacific, Europe, North America, and Rest of the World are profiled. The report also covers the business strategies adopted by the key players and their impact in the overall market operations.
To provide a detailed overview of the prevalent competitive landscape of the market, the report profiles companies such as FedEx Corporation (U.S.), DHL Express (U.S.), TNT Express N.V. (Netherlands), Orient Overseas Ltd (Hong Kong), Jiangsu Aucksun Co. Ltd. (China), China Ocean Shipping Company (COSCO) (China), and others.
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