COVID-19 Impacts: Logistics Market in APAC will Accelerate at a CAGR of Almost 6% Through 2020-2024 | Growth in Trade Between India and China to Boost Growth | Technavio
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Technavio has been monitoring the logistics market in APAC and it is poised to grow by USD 130.18 billion during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Logistics Market in APAC 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please request Free Sample Report on COVID-19 Impact
Frequently Asked Questions-
- What was the value of the logistics market in APAC in 2019?
- Technavio says that the value of market was at USD 418.07 billion in 2019 and is projected to reach USD 548.25 billion by 2024.
- At what CAGR is the market projected to grow during the forecast period 2020-2024?
- Growing at a CAGR of almost 6%, the market growth will accelerate during the forecast period of 2020-2024.
- What is the key factor driving the market?
- Growth in trade between India and China is one of the key factors driving market growth.
- Who are the top players in the market?
- Agility Public Warehousing Co KSCP, CEVA Logistics AG, C.H. Robinson Worldwide Inc., DB Schenker, Deutsche Post AG, DFDS AS, DSV Panalpina AS, FedEx Corp., Kuehne + Nagel International AG, and XPO Logistics Inc. are some of the major market participants.
- Which region is expected to hold the highest market share in the market?
- China
- What is the major trend of the market?
- Rapid growth in the e-commerce market in China is a major growth factor for the market.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Agility Public Warehousing Co KSCP, CEVA Logistics AG, C.H. Robinson Worldwide Inc., DB Schenker, Deutsche Post AG, DFDS AS, DSV Panalpina AS, FedEx Corp., Kuehne + Nagel International AG, and XPO Logistics Inc. are some of the major market participants. The growth in trade between India and China will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in fast-growing segments, while maintaining their position in the slow-growing segments.
Logistics Market in APAC 2020-2024: Segmentation
Logistics Market in APAC is segmented as below:
-
Type
- 3PL
- 4PL
-
End-user
- Manufacturing
- Automotive
- Food and Beverage
- Others
-
Geographic Landscape
- China
- India
- Japan
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Logistics Market in APAC 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our logistics market in APAC report covers the following areas:
- Logistics Market Size in APAC
- Logistics Market Trends in APAC
- Logistics Market Analysis in APAC
This study identifies rapid growth in the e-commerce market in China as one of the prime reasons driving the logistics market growth in APAC during the next few years.
Logistics Market in APAC 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the logistics market in APAC, including some of the vendors such as Agility Public Warehousing Co KSCP, CEVA Logistics AG, C.H. Robinson Worldwide Inc., DB Schenker, Deutsche Post AG, DFDS AS, DSV Panalpina AS, FedEx Corp., Kuehne + Nagel International AG, and XPO Logistics Inc. Backed with competitive intelligence and benchmarking, our research reports on the logistics market in APAC are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Logistics Market in APAC 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist logistics market growth in APAC during the next five years
- Estimation of the logistics market size in APAC and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the logistics market in APAC
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of logistics market vendors in APAC
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End user placement
- Manufacturing - Market size and forecast 2019-2024
- Automotive - Market size and forecast 2019-2024
- Food and beverage - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End user
Market Segmentation by Type
- Market segments
- Comparison by Type placement
- 3PL - Market size and forecast 2019-2024
- 4PL - Market size and forecast 2019-2024
- Market opportunity by Type
Customer landscape
- Overview
Geographic Landscape
Geographic segmentation
- Geographic comparison
- China - Market size and forecast 2019-2024
- India - Market size and forecast 2019-2024
- Japan - Market size and forecast 2019-2024
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
- Vendor Analysis
Vendors covered
- Market positioning of vendors
- Agility Public Warehousing Co KSCP
- CEVA Logistics AG
- C.H. Robinson Worldwide, Inc.
- DB Schenker
- Deutsche Post AG
- DFDS AS
- DSV Panalpina AS
- FedEx Corp.
- Kuehne + Nagel International AG
- XPO Logistics Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200803005397/en/