Summary
Global Logistics Market Information Report: By Transportation Type (Airways, Waterways, Railways, Roadways), Logistic Type (First Party, Second Party, Third Party) End User (Industrial and Manufacturing, Retail, Healthcare, Oil & Gas) - Forecast 2023
Market Overview
The logistics industry is likely to bloom owing to the transportation of goods from point of origin to point of consumption. The acquisition, storage, and management of products constitute a large part of the industry. The COVID-19 virus has badly hit the global logistics market owing to restriction on transportation of goods domestically and internationally. Efforts to contain the virus by governments and measures to reverse the flow of raw material supply may alleviate the stress on the market.
Competitive Outlook
DSV Global Transports and Logistics, DHL International GmbH, DTDC Express Limited, FedEx Corp., GEODIS, Schenker AG, A.P. Moller – Maersk, XPO Logistics Inc., Expeditors International of Washington, Inc., C.H. Robinson Worldwide, Inc., and Ceva Holdings LLC are key players of the global logistics market.
Segmentation
The global logistics market has been segmented by transportation type, logistic type, and end-user industry.
On the basis of the transportation type, the market is segmented into railways, airways, waterways, and roadways. The airways segment has negatively affected by the COVID-19 pandemic owing to restrictions on airplanes and a dip in demand. However, the supply of essentials to nations facing other calamities and grievous damage to properties can propel the segment growth.
On the basis of logistic type, the market has been segmented into first party, the second party, and third party. The second-party logistics segment accounted for the largest market share.
Regional Analysis
Geographically, the global logistics market has been divided into four major regions - North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America has huge potential for the global logistics market owing to an increase in trade activities between the Americas and Europe. Presence of huge warehouses and large number of fleets able to deliver goods through unpredictable weather conditions can drive the regional market.
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