E-tail to spur growth of global and China logistics market
Sept 14, 2016: A new market research study by Transparency Market Research, titled ‘Logistics Market - Global and China Industry Analysis Size Share Growth Trends and Forecast 2015 – 2021’suggests the primary growth factors and challenges in the global logistics market focusing on the China market.
The growth of the online retail market is another key factor boosting the demand for logistics services across the globe. The rising popularity and trend of buying products through the Internet have boosted the number of online deliveries worldwide. As a result, third-party logistic companies are in high demand to manage some of the operations of online retailer logistics and provide the best output.
Furthermore, technological developments in transaction, communication, and new product development are projected to augment the growth of the market throughout the forecast period, especially in China.
The rising trend of outsourcing by multinational companies through value chain on an international level is one of the primary factors propelling the logistics market across the globe. In addition, the elimination of trade barriers and globalization are contributing immensely towards the development of the global logistics market.
Nevertheless, the lack of domestic warehousing, poor infrastructure, and consequence of regulations to protect local industries are some of the key factors expected to impede the growth of the global logistics market in the coming years.
The rise in trading activities between developing nations, including South Africa, Brazil, Turkey, India, Mexico, and India, is expected to generate potential growth opportunities for logistics in the next few years. Moreover, the rise in the flow of goods between South America and Asia, Africa and Asia, and inside Asia is anticipated to bolster the global logistics market in the near future.
The prominent players operating in the logistics market across the globe include TNT Express, China Ocean Shipping Company, Jiangsu Aucksun, United Parcel Service, FedEx Corporation, ChanganMinsheng APLL Logistics, Sinotrans, Kuehne-Nagel, Orient Overseas, DHL Express, and Shenzhen Feima International Supply Chain.