About Logistics Service
Logistics Services is defined as the process of executing as well as planning the efficient transportation. It mainly transfer the storage of goods from the point of origin to the point of consumption. The main goal of logistic service is to meet customer requirements in a timely as well as cost-effective manner. Advantages of logistic service improve customer satisfaction, develop internal staff, acquire custom solutions, improve risk management, drive efficiency and cost savings, gain access to technology, focus on core business and others
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.2% |
Competition among existing players is due to the Logistics Service market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Logistics Service Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Logistics Service 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.
CEVA Logistics ( Switzerland), Panalpina World Transport Ltd. (Switzerland), United Parcel Service (United States), C.H. Robinson Worldwide, Inc. (United States), A.P. MOLLER – MAERSK (Denmark), Nippon Express (Japan), FedEx (United States) and DB Schenker (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are DHL International GmbH (Germany), KUEHNE + NAGEL (Switzerland) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Logistics Service market by and Region.
On the basis of geography, the market of Logistics Service 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). Asia-Pacifc region held largest market share in the year 2023. If we see Market by Organization Size, the sub-segment i.e. Small & Medium Enterprise will boost the Logistics Service 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. Government & Public Utilities will boost the Logistics Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Logistics Providers, the sub-segment i.e. First & Second Party Logistics will boost the Logistics Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode of Transportation, the sub-segment i.e. Roadways will boost the Logistics Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement in Mode of Transportation Services
Market Growth Drivers:
An upsurge in Vehicle Production to Increase the Demand for Raw Materials and Components and Infrastructure Development in Developing Countries in order to boost the Usage of Logistics
Challenges:
Issue related to Logistics Security and Safety Issues and A problem regarding Lack of Full-Service Tracking Solution
Restraints:
Problem related to Logistics Players Require High Initial Capital Investment
Opportunities:
Rising Demand from Emerging Economics such as China and India, Implementation/Usage of Driverless Vehicles and Increasing Usage of Blockchain for Efficient Logistics Operations
Market Leaders and their expansionary development strategies
In November 2023, STG Logistics ("STG"), a national leader in port-to-door supply chain solutions, announced the completion of its acquisition of Best Dedicated Solutions ("BDS"), a leading over-the-road ("OTR") transportation provider focused on a variety of services and modes.
In November 2023, Mahindra Logistics Ltd, one of India's integrated third-party logistics service providers, has launched services on Open Network for Digital Commerce (ONDC), wherein it will provide same-day and next-day intra-city pick-up and delivery services to all sellers on ONDC.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
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.