About Logistics Management Services
Logistics management services includes Freight management, cross docking, reverse logistics, freight collaboration, logistics triangulation, market research and benchmarking and others. Logistics management helps to meet the customer demand by planning, controlling and storage of effective movement. In addition, it plays an essential role in customer satisfaction. Moreover, logistics management reduces the company expenses and improve customer service.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market of logistics management services is highly competitive due to various factors such as rising trade agreements. The key players are focusing on cost reduction, enhanced customer experience. Also, the players are adopting unique competitive strategy to gain competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Logistics Management Services market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kenco (United States), Blujay solution (United States), CLX Logistics (United States), Calibre (Australia), Medallion (United States), ATS Logistics (India), Penske (United States), AWGI LLC (United States), Logistics & Technology Services (United States) and DM Transportation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Management Services (United States), US Pack (United States), ReTrans (United States), SCHC (United States) and G&D Integrated (United States).
Segmentation Overview
AMA Research has segmented the market of Global Logistics Management Services market by Type (Freight management, Cross docking, Reverse logistics, Freight collaboration, Logistics triangulation and Others) and Region.
On the basis of geography, the market of Logistics Management Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Freight forwarding mode, the sub-segment i.e. Air will boost the Logistics Management Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Automotive will boost the Logistics Management Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Omni Channel Shipping is Being Adopted in Logistics Industry
Market Growth Drivers:
Rising trade activities in developing economies. Increasing trade agreements and advancements in logistics infrastructure and information technology is driving the market growth. Moreover, the developments in transportation sector is contributing to rising trade activities.
Challenges:
High Inventory Costs and Low Warehouse Space
Restraints:
Strict Government Regulations on Trade
Opportunities:
Growing E Commerce Industry is Boosting the Growth
Market Leaders and their expansionary development strategies
In August 2022, A.P. Moller - Maersk (Maersk) announced the completion of its acquisition of LF Logistics, a Hong Kong-based contract logistics company, with premium capabilities within omnichannel fulfilment services, e-commerce, and inland transport in the Asia-Pacific region. As consequence, LF Logistics will be rebranded to Maersk.
In December 2023, Fujitsu announced the launch of a new cloud-based logistics data standardization and visualization service for shippers, logistics companies, and vendors across the supply chain. The service will offer new tools to customers to achieve sustainability in their operations and address a variety of challenges, including looming shortages of truck drivers, the urgent need to reduce the carbon footprint of transportation, and compliance with stricter industry regulations.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.