What is Cross Border Logistic Market?
Cross border logistics means importing and exporting goods across borders. It offers services such as overseas warehouses, time-sensitive delivery, security, 24/7 track and trace for goods shipments. This focuses on specific challenges associated with border operation and management, compliance requirements and applicable control, and regulatory environment which gives shape to compliance requirements and control. It helps cross border e-commerce businesses for the shipments of their goods to the end consumer seamlessly.
The market study is being classified, by Application (Business and Personal) and major geographies with country level break-up.
Aramex (United Arab Emirates), C.H. Robinson Worldwide, Inc. (United States), CJ Logistics Corporation (South Korea), DHL (Germany), FedEx (United States), XPO Logistics (United States), United Parcel Service of America, Inc. (United States), COYOTE (United States), Blue Dart Express Limited (India), DSV(Denmark), DB Schenker (Germany), Sinotrans Limited (China), Expeditors International of Washington, Inc. (United States), Hellmann Worldwide Logistics (Germany), Shyplite (India) and Arrive Logistics (United States) are some of the key players profiled in the study.
The global cross border logistic market is fragmented with the presence of various players. Companies provide services such as warehouses, shipping across the border. Advancement in logistics technology adapting AI platforms, blockchain technology. Companies offer security and time-sensitive delivery of goods shipments. Many players investing in launch and enhancement in the technology of the logistics market. The player is also participating in strategic activities like mergers and acquisitions to enhance their market presence. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Cross Border Logistic market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Cross Border Logistic market by Type, Application and Region.
On the basis of geography, the market of Cross Border Logistic 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). North America region held largest market share in the year 2021. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Emerging Need for Business Expansion among The Companies Across The World
- Growing Demand for Cross Border Shipments in the E-commerce Business
- Cross Border Logistic Markets Moving Towards AI-Powered Logistics Platform and Adopting Blockchain Technology in the Market Prevent Documentation Fraud and Goods' Heist
- Regulatory Guidelines May Restrain Cross Border Logistics market
- Rapid Development of E-Commerce Business and Individuals Sell Goods over the Internet across Countries The Creating Opportunities for Cross Border Logistic Market
- Lack Efficiency in Flow of Goods and Supply Chain Infrastructure Hindering the Cross Border Logistic Market
- Cutthroat Competition in the Cross Border Logistic Markets with the Presence of Numerous Players
Market Leaders and some development strategies
On February 01, 2022, Arrive Logistics, a multimodal transportation and technology company, announced that it has acquired Forager Group’s cross-border business and proprietary platform. The acquisition enables Arrive to strengthen its cross-border services and technology offerings in Canada and Mexico, further executing the company’s strategy to expand its service portfolio.
On July 14, 2021, The 4PL AI-powered logistics platform, Shyplite, which enables businesses to automate their logistics and increase shipping efficiency by providing a single-window platform integrated with multiple carriers, has launched Shypmax which is India's first and only cross border LPaaS (Logistics Platform as a service).
“Information published by governments, international and regional organizations, as well as shippers, highlighted that customs and other border agencies have been reactive in implementing specific actions to facilitate cross-border trade during the crisis. Their actions mainly concerned areas of information availability, simplifying documentation requirements, and streamlining processes and clearance. By early May 2020, new trade facilitating administrative measures at borders outnumbered the new potentially cost increasing protocols that had sometimes been introduced in the early stages of the pandemic”
Key Target Audience
Cross Border Logistic Service Providers, Cross Border Logistic Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
Frequently Asked Questions (FAQ):1. Which factors would majorly drive the Cross Border Logistic Market?
"Emerging Need for Business Expansion among The Companies Across The World
" is seen as one of major growth factors of Cross Border Logistic Market in years to come.2. Can we have customized study for Cross Border Logistic Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.3. Which region will lead the Global Cross Border Logistic Market?
United States will lead Cross Border Logistic Market in coming years.