Transportation and Logistics Services Market Scope
Transportation and Logistics Services provide services for goods manufacturer to store and transport their product to the end user. These services involve warehouse services, transportation services, inventory management, administration and supplies, distribution service. Owing to increase in Global Trade Activities and expanded ecommerce business, transportation and logistics service market is expected to grow at a significant rate during the forecast period.
|Unit||Value (USD Million)|
|Key Companies Profiled||United Parcel Service of America Inc. (United States), Deutsche post DHL group (Germany), Nippon Express (Japan), FedEx (United States), DB Schenker (Germany), XPO Logistic (United States), Ryder Supply Chain (United States), Kuehne+Nagel International AG (Switzerland), C.H. Robinson (United States) and China Merchants Group (Hong Kong)|
Transportation and Logistics Services market is a fragmented market due to the presence of various players. The players are focusing on increasing their service capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
United Parcel Service of America Inc. (United States), Deutsche post DHL group (Germany), Nippon Express (Japan), FedEx (United States), DB Schenker (Germany), XPO Logistic (United States), Ryder Supply Chain (United States), Kuehne+Nagel International AG (Switzerland), C.H. Robinson (United States) and China Merchants Group (Hong Kong) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Transportation and Logistics Services market by Type , by Application (Automobiles, Machinery, Retail, Aircraft, Agricultures, Building Materials and Others) and Region with country level break-up.
On the basis of geography, the market of Transportation and Logistics 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). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn November 2022, USP acquired Bomi Group, a multi-national healthcare logistic provider. Under this acquisition UPS healthcare unit added temperature-controlled facilities in 14 countries and 3000 skilled employees in Europe and Latin America region. This acquisition helped USP to expand its presence in transportation and logistics market
In Jun 2022, Nippon Express launched new transportation service using environmental friendly isothermal packaging by collaborated with EMBALL”ISO, A French company. This service reduced consumers CO2 emission while maintaining temperature during transportation. This launch help Nippon Express to improve its quality and its presence in transportation and logistics market
Influencing Trend:Increasing Cloud-Based System Adoption in Transportation and Logistics Services
Market Growth Drivers:Growing Global Trade Activities, Rise in International Online Shopping, Increasing Demand for Transportation and Logistics by Ecommerce Business and Higher demand for HealthCare Services
Challenges:Unpredictability about Sudden Need of Market. and Lack of Skilled Workforce
Restraints:High Cost of Fuel and Strict International Regulations for Transportation
Opportunities:Increasing Technical Advancement Such as Automation in Transportation and Logistics Services
Key Target AudienceTransportation and Logistics Services Providers, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others