(MENAFN- Zion Market Research) According to the Zion Market Research analysts, the global logistics market had attained a worth of around US$ 4,845 billion in 2018 and is anticipated to reach a value of about US$ 6,654 billion by 2025, recording approx 4.7% CAGR during the forecast period. The key players actively participating in the global logistics market include Ceva Holdings LLC, C.H. Robinson Worldwide, Inc., Expeditors International of Washington Inc., Americold Logistics, and J.B. Hunt Transport Services, among others.
Elevated Global Trade Activity To Propel The Growth Of The Global Logistics Market
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The expansion of the global logistics market is primarily driven by the escalated global trade activity for budding nations, amplified trade accords, and global logistic progress and infrastructure on transport and IT. the logistics market is also boosted by the globalization as the supply chain has turned out to be progressively complex and the logistics services are also being outsourced by several multinational firms to third parties. Further, the price, quality, distribution, and flexibility of an organization are made more competitive by the logistics administration. These factors are now assisting organizations to enhance their logistics activity. It offers several advantages, comprising decreasing operating costs, rising customer satisfaction, and enhancing delivery, which is anticipated to drive the global logistics market growth. To cite, APL Logistics offers its clients ShipMax solution that comprises coupling with compatible trucking associates and enables the client to take benefit of better delivery optimization and load utilization, thereby allowing them to escalate transportation budget. Thus, lead time reduction and cost-cutting by implementing a multi-modal system create considerable growth avenues for the major logistics market players.
Asia Pacific Region Expected To Witness Considerable Growth During The Forecast Period
The global logistics market is divided based on customer type, application, type of transport, logistics model, and region. The customer type segment of the market is bifurcated into B2B and B2C. The application segment of the global logistics market is categorized into retail, industrial & manufacturing, media & entertainment, healthcare, oil & gas, military, and food & beverages. The type of transport segment of the market is divided into waterways, road, air, and rail. The logistics model segment of the market is classified into second party logistics, first party logistics, fourth party logistics, and third party logistics.
Regionally, the logistics market in Asia Pacific is anticipated to witness a considerable expansion in the years to come. This growth can be attributed to factors such as the expansion of the retail domain in e-commerce that is at present propelling the logistics market.
Browse the full 'Logistics Market Transport (Waterways Transport, Road Transport, Air Transport, and Rail Transport) Application (Retail, Media and Entertainment, Telecommunication, Banking and Financial Services, Information Technology Manufacturing, And Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 2026. Report at [To enable links contact MENAFN]
The global logistics market is segmented as follows:
By Type of Transport
Application
- Industrial and Manufacturing
- Retail
- Healthcare
- Media and Entertainment
- Military
- Oil and Gas
- Food & Beverages
- Others (Government and Public Utilities, Agro Commodities & Fertilizer, Jewelry, etc.)
Customer Type
Logistics Model
- First Party Logistics
- Second Party Logistics
- Third Party Logistics
- Fourth Party Logistics
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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