Logistics can be defined as a collaboration of different segments such as supply, material management, and distribution. As per the council of logistics management logistics can be stated as the process of planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from point of origin to point of consumption for the purpose of conforming to customer requirements. Logistics is the management of things from the origin to the end consumer and involves activities such as material handling, packaging, transportation, inventory, security, and warehousing.
Rising globalization and reduction of the trade barriers are supporting the growth of logistics market. Additionally, growing trend towards online shopping along with technological advancement in the transaction, communication, and new product development fuels the growth of this market. Adoption of advanced tracking system for delivery such as GPS, bar code system, RFID by the logistics providers for tracking application stimulates the market growth. However, stringent regulations led by the government in particular regions to defend the domestic industries and local shopkeepers may inhibit the growth of logistics market.
In order to give a comprehensive view on the logistics market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the logistics market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate, and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
The logistics market can be segmented on the basis of transport into waterways transport, road transport, air transport and rail transport. Road and rail transport infrastructure are the most significant segments of logistics market. Logistics has numerous applications in retail, media, and entertainment, telecommunication, banking and financial services, information technology and manufacturing sectors among others.
North America and Europe are the leading markets for the logistics industry owing to developed logistics sector and the presence of major key players. Asia Pacific is expected to exhibit the fastest growth for the logistics market. This mainly contributed to growing outsourcing trend of MNCs particularly in India and escalating demand for online shopping. Latin America, Middle East, and Africa are likely to experience decent growth in the forecast period.
The logistics market is competitive due to the presence of large players in the market space. Some of the major participants in the logistics market include United Parcel Service, Inc., FedEx Corporation, DHL Express, Changan Minsheng APLL Logistics Co. Ltd, Orient Overseas Ltd, China Ocean Shipping Company, TNT Express N.V., Jiangsu Aucksun Co. Ltd., Shenzhen Feima International Supply Chain Co. Ltd., Kuehne-Nagel, Inc and Sinotrans Limited among others.
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