A new market research study by Transparency Market Research, titled “Logistics Market - Global and China Industry Analysis Size Share Growth Trends and Forecast 2015 – 2021,” offers a thorough overview of the market. The research study presents an insight into the primary growth factors and challenges in the global logistics market, focusing on the China market. The product segmentation, geographical segmentation, and the vendor analysis of the global logistics market have been discussed under the preview of this report.
The growth of the online retail market is another key factor boosting the demand for logistics services across the globe. The rising popularity and trend of buying products through the internet have boosted the number of online deliveries worldwide. As a result, third-party logistic companies are in high demand to manage some of the operations of online retailer logistics and provide the best output. Furthermore, technological developments in transaction, communication, and new product development are projected to augment the growth of the market throughout the forecast period, especially in China.
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The rising trend of outsourcing by multinational companies through value chain on an international level is one of the primary factors propelling the logistics market across the globe. In addition, the elimination of trade barriers and globalization are contributing immensely towards the development of the global logistics market. Nevertheless, the lack of domestic warehousing, poor infrastructure, and consequence of regulations to protect local industries are some of the key factors expected to impede the growth of the global logistics market in the coming years.
The rise in trading activities between developing nations, including South Africa, Brazil, Turkey, India, Mexico, and India, is expected to generate potential growth opportunities for logistics in the next few years. Moreover, the rise in the flow of goods between South America and Asia, Africa and Asia, and inside Asia is anticipated to bolster the global logistics market in the near future.
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The prominent players operating in the logistics market across the globe include TNT Express N.V., China Ocean Shipping Company, Jiangsu Aucksun Co. Ltd., United Parcel Service, Inc., FedEx Corporation, Changan Minsheng APLL Logistics Co. Ltd., Sinotrans Limited, Kuehne-Nagel, Inc., Orient Overseas Ltd., DHL Express, and Shenzhen Feima International Supply Chain Co. Ltd.
A detailed vendor analysis of the leading players has been included in the study to offer a clear picture of the overall market. The research study further provides the key strategies adopted by the leading players in the market to provide a clear understanding of the market. In addition, the strategic inputs by industry experts have been added to guide the new players in formulating business plans efficiently.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information