Logistics Market - Rapid Growth of Ecommerce Catapults Demand for Logistics Services
Feb 06, 2017 08:42 EST Logistics Market - Rapid Growth of Ecommerce Catapults Demand for Logistics Services Logistics Market: Snapshot The growth of the global logistics market is directly related to the development of international trade flow and the current economic environment. Asia Pacific and North America appear to be the most attractive markets for logistics, particularly when it comes to contract service such as third-party logistics. Intra-regional trade in emerging markets is becoming important, especially in Asia Pacific, and this, combined with high GDP rates, is projected to continue boosting the logistics market. The usage of logistics services in different application such as manufacturing, retail, trade and transportation, government and public utilities, healthcare, media and entertainment, telecommunication, banking and financial services, and information technology is expected to rise considerably during the forecast period, which in turn, is estimated to strengthen the growth of the logistics market globally. PDF Sample For Latest Advancements and Technological breakthroughs is @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&re p_id=154 The global logistics market, in terms of revenue, is set to expand from US$8.1 trillion in 2015 to US$15.5 trillion by 2023, registering a CAGR of 7.5% from 2015 to 2024. By volume, the market is expected to clock in a 6.0% CAGR from 2016 to 2024. Roadways to continue being Most Favored Mode of Logistic Transport Based on the type of transport infrastructure, the logistics market is segmented into roadways, waterways, railways, and airways. Road freight transport is the most widely used transport infrastructure globally and has proven to be vital to the social integration and economic development of various counties.
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