Gurugram, India, May 11, 2023 (GLOBE NEWSWIRE) -- The Global Logistics and Warehousing Market are highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Logistics and Warehousing. Some of the major players in the market include Deutsche Post DHL Global, XPO Logistics, Ryder System Inc, NFI Industries Inc, Americold Logistics, FedEx Corporation, Lineage Logistics, NF Global Logistics Ltd, APM Terminals, DSV Panalpina AS, MSC Mediterranean Shipping Co. SA.
- Large swings in consumer demand & domestic goods consumption have created resilience against COVID-19 downfall.
- Global exports to China significantly increased in 2021 due to rattling exports of dairy and wood products.
- Demand for Pharmaceutical products along with FMCG and Food products during the COVID-19 pandemic contributed to the high growth of Land Transportation during 2020.
1. Evolving digital technology solutions
- Key warehouse market trends identified by our research include the ability of warehouse service providers to update their value chain procedures via the usage of developing digital technology solutions.
- The growth of corporate software programmes and cloud-based product lines has enabled warehouse service providers to better manage their inventory and test out an on-demand service model for customers to meet the demands of seasonal markets.
- By minimising inventory errors, enhancing resource productivity, assuring end-to-end system transparency, and giving accurate inventory projections for smart demand management, the adoption of digital technology may also help warehouse organisations overcome operational challenges.
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2. Big Data is developing reliable warehouse and logistics operations
- The largest success story for big data in the logistics sector may well be UPS.
- The business has significantly improved operational effectiveness and cost savings through data collecting, analysis, and demand forecasting.
- Around 200 onboard sensors in 80,000 cars track things like speed, braking, location, and idle time.
- Several of the sensors gather diagnostic information on the battery and tyre pressure of the car, enabling preventive maintenance. The objective is to reduce the amount of time a vehicle spends in the shop.
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3. Present era, Asia-Pacific dominates the global market for warehouse and storage services
Asia-Pacific now holds the largest market share in the world for warehouse and storage services, and it is predicted that over the projected period. Due to the region's high perishable food consumption, refrigerated warehousing techniques are more necessary. Throughout the predicted shelf life of these food products, there will likely be a substantial increase in the number of food and beverage enterprises manufacturing a wide variety of perishable food goods and frozen foods. As part of its warehousing solutions development into the Asia-Pacific region, Rhenus Logistics announced in 2019 that it now provides end-to-end logistics solutions to India, Greater China, Hong Kong, the Philippines, Thailand, Singapore, Malaysia, and Vietnam.
Market Taxonomy
Global Freight Market
By Domestic/International
- Domestic
- International
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By type of Mode
- Sea
- Road
- Air
- Rail
Global Warehousing Market
By Type of Warehouse
- Industrial / Retail
- ICD/ CFS
- Cold Storage
- Agriculture & Other Warehouses
Global Express and E-Commerce Market
By Domestic/International
- Domestic
- International
For more insights on the market intelligence, refer to below link:-
Global Logistics and Warehousing Market
Related Reports By Ken Research:-
China Logistics and Warehousing Market Outlook to 2025 - Led by Growth in Road Freight Services, Improving Infrastructure and Rising Digital Innovations
The China Logistics industry is expected to increase at a CAGR of 7.5% during 2020 to 2025. The freight forwarding market will continue to dominate the China logistics industry. The government has launched various programs in order to develop the infrastructure of the country hence facilitating the logistics market growth in the future years. Rising retail and FMCG industry of the country will accelerate the demand for warehouses storage and transportation & logistics facility. Industry will move towards a digital growth with the introduction of cloud logistics, drone facilities, automation and more.
The market showcased a volatile growth trajectory. Dry logistics revenue declined at a CAGR of single digit CAGR during 2015-2019 due to oil price shock further leading to an economic slowdown during 2016-2017 period. Saudi Arabia is located at the crossroads of significant international trade route that connects Asia, Europe and Africa. This strategic location provides the Kingdom with a unique advantage over other nations thus, enabling it to become a leading regional logistics hub. In April of 2016, Saudi Arabia announced its Vision 2030 which includes transforming the Kingdom into a preferred logistics hub. It is making continuous efforts to make imports and exports processes more streamlined.
According to Ken Research estimates, the Philippines logistics Market – which grew from approximately PHP ~570 Bn in 2017 to approximately PHP ~780 Bn in 2022 – is forecasted to grow further to PHP ~1160 Bn market by 2027F, owing to the increased budget allocation, increasing demand for food, beverages, and manufacturing products in the Philippines. Government of Philippines has made infrastructural development a national priority and has pledged greater funding over the next decade, with oversight of the National Economic Development Authority (NEDA). The top two import sources of the Philippines were China and Japan, with 22.7% and 9.4% import share, respectively.
The Cold Chain market in UAE is expected to experience medium level of growth at a single digit CAGR in terms of revenue during the period 2020-2025F. Positive growth in the market is attributed to rise in manufacturing activity in the pharmaceutical sector, investments in infrastructure, growth in dairy industry and rising import export volumes. The industry is expected to witness entry of new players and new mergers and acquisition between the players. Additionally, increasing adoption of warehouse automation technologies such as EDI, RFID, AS/AR and others are expected to improve operational efficiency in UAE cold chain market over the forecast period 2020-2025F.
The logistics sector in Indonesia is expected to grow in the future with a dip in 2020 due to a lockdown for few months that disrupted the Imports and Export Movements by all Modes which is expected to revive back in 2021. Tech startups are filling the gap and capturing new business opportunities. Several key technologies deployed by logistics startups include radio frequency identification (RFID), GPS, cloud computing, and data analytics. New concepts such as micro-warehousing as done by Credible and cross-border e-commerce fulfillment AllSome are gaining popularity in the Indonesian market. The pharma logistics segment and the e-commerce logistics segment are expected to drive growth in the future, given the expected increase in medical products requirements post COVID-19 and continuous funding in Express companies such as SiCepat Ekspres and Aggregator such as Kargo in Indonesia.
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