Logistics Market growth at a CAGR of almost 2% by 2024Posted by Ritu on November 9th, 2020 The logistics market size has the potential to grow by USD 95.42 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in the year-over-year growth. FREE Sample here: https://www.technavio.com/talk-to-us?report=IRTNTR44356&type=sample&src=report This report provides a detailed analysis of the market by end-user (consumer goods, automotive, food and beverage, healthcare, and others) and geography (APAC, North America, Europe, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including C.H. Robinson Worldwide Inc., Deutsche Bahn AG, Deutsche Post DHL Group, DSV Panalpina A/S, FedEx Corp., J.B. Hunt Transport Services Inc., Kenco, Kuehne + Nagel International AG, United Parcel Service Inc., and XPO Logistics Inc. The market is fragmented, and C.H. Robinson Worldwide Inc., Deutsche Bahn AG, and Deutsche Post DHL Group are some of the major market participants. The key vendors in the market are focusing on M&A to increase their market presence. Other keys drivers of logistics market growth such as the increasing cross-border trade will also offer immense growth opportunities. However, factors such as the impact due to trade war will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. This report provides information on the production, sustainability, and prospects of several leading companies, including: C.H. Robinson Worldwide Inc. Consumer goods are products that are intended for everyday consumption. They are classified as slow-moving consumer goods (SMCGs) and fast-moving consumer goods (FMCGs). FMCGs usually have a shelf life shorter than a year and include household and cleaning products, personal care products, tobacco, apparel and footwear, pet food/pet care products, and others. Also, these products are bought relatively frequently with recurring expenditures. SMCGs usually have a shelf life longer than a year and include home improvement products, furniture, household appliances, and others. Market growth in the consumer goods segment will be slower than the growth of the market in the food and beverage and healthcare segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the logistics market size. Like it? Share it! More by this author |