What is Cross Docking Services?
Cross docking is a logistic process that helps manufacturers or suppliers for transshipping inventory either directly to the retailer or to the customer. It is widely used by the most of the manufacturers and e-commerce service providers to eliminate storage, warehouse cost, and order picking activities. Moreover, in recent times consumers prefer to purchase products directly from manufacturers or suppliers and through online portal that has led companies to become more competitive by providing fastest delivery of inventory, which is expected to accelerate the cross docking market.
The market study is broken down by Type (Manufacturing Cross Docking, Distributor Cross Docking, Transportation Cross Docking, Retail Cross Docking and Opportunistic Cross Docking) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Cross Docking Services market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kanban Logistics (United States), DB Schenker (Germany), Kane Logistics (United States), Hub Group (United States), RTD Logistics LLC (United States), Kenco Group (United States), Tenaxx Logistics (Canada), AsstrA (Switzerland), Americold (United States), Yusen Logistics (Japan), Saddle Creek Corporation (United States) and McKenna Logistics (Canada) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Cross Docking Services market by Type, Application and Region.
On the basis of geography, the market of Cross Docking 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 Transportation Mode, the sub-segment i.e. By Road will boost the Cross Docking Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Manufacturers will boost the Cross Docking Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In January 2020, Hillebrand a leading global service provider in the forwarding, transport and logistics acquired Royal Logistics and Royal Service Transport (Royal) with the aim of to grow business and extend our service portfolio in key markets such as the US. This will enable more access to Hillebrand in the mid-Atlantic and Northeast regions to provide facilities such as cross-docking, distribution, drayage and other value-added services. The acquisition of Royal will strengthen company’s position and offering as a one-stop logistics partner.
In December 2019, Ward Transport & Logistics launched Cross Docking America to meet growing need of emergency cross docking services. It has an expansive national warehouse network of 40 million square feet that offers various services like cross-dock, transfer, store/hold, rework, freight consolidation, and final mile delivery.
- Increasing Use of Cross Docking Services to Deliver Perishable and Temperature Controlled Items Due to their Limited Shelf Life
- Growing Consumer Preference Towards the Online Shopping
- Increased Demand for Fastest Delivery of Products at Reduced Warehousing Cost
- Growing E-commerce and Retail Industry Across the Globe will Create Lucrative Opportunities for the Market
- High Cost of Capital Investment to Build Terminal Structures for the Smooth Transportation of Products
- Causing Late Delivery Due to Inadequate Transportation Carriers during the High Seasons
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Cross Docking Services Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-users and Others
About ApproachTo 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Kanban Logistics (United States), DB Schenker (Germany), Kane Logistics (United States), Hub Group (United States), RTD Logistics LLC (United States), Kenco Group (United States), Tenaxx Logistics (Canada), AsstrA (Switzerland), Americold (United States), Yusen Logistics (Japan), Saddle Creek Corporation (United States) and McKenna Logistics (Canada) etc.
2. Can we have customized study for Cross Docking Services Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Cross Docking Services Market by 2026?
Analysts at AMA estimates Cross Docking Services Market to reach USD Million by 2026.