As consumer requirements have increased rapidly due to rising demand for local as well as global goods, the market is also experiencing rapid expansion. The economic growth rates globally and the upsurge in global trade has augmented the market size considerably. Government trade policies are contributing to the growth of the market substantially.
Segmental Analysis
For the scope of this study, the global Logistics Industry has been analyzed by three segments: logistic type, transportation type, and end-user vertical. On the basis of the transportation type, the Logistics Industry is segmented into airways, waterways, railways, and roadways. On the basis of logistic type, the Logistics Industry has been segmented into the first party, the second party, and the third party. The second-party logistics segment held the largest market share. By End-user, the market has been bifurcated into industrial and manufacturing, healthcare, retail, oil & gas, and others. The Manufacturing segment held the most signficant market share. Factors including the policy reforms that have enhanced the ease of doing enterprises along with the easy availability of inexpensive labor contribute to the growth of the Logistics Industry. Moreover, globalization, along with population growth and consumption behavior, has seen an increasing demand for products from all corners of the world.
Regional Analysis
The geographic analysis of the global market has been conducted in four major regions, covering the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East, and Africa).
The North American region is the second dominant region in the market. Increasing trade activities amid the Americas and European regions are supporting the development of the Logistics Industry in this region. The growing demand for foreign goods in Thailand, Indonesia, and India have strengthened the trade dealings with the U.S. The European region is another crucial region in the Logistics Industry. Economies such as Germany, The U.K., and France are the key Logistics Industrys in Europe .