Albany, NY -- (SBWIRE) -- 03/20/2018 -- Overview of the logistics market in APAC

Market research analysts at Technavio predict that the logistics market in APAC will grow steadily at a CAGR of more than 7% by 2021. China is the largest contributor to the e-commerce sector in APAC and there are a number of packages delivered in the country every day. The rapid growth of the e-commerce market in this country will be one of the primary growth factors for this market since several logistics players are increasingly trying to attract more customers by expanding to China. The growing market in China also provides growth potential to the vendors for various functions such as warehousing, inventory management, and delivery transportation.

With the objective to reduce toxic emissions and encourage environment-friendly logistics in Asia, several solutions and technologies were introduced to reduce carbon emissions and increase fuel consumption in logistics. Additionally, with the introduction of stringent government regulations that demand for sustainability, several vendors in the region are focusing on green logistics by testing alternative fuels such as biogas, CNG, and LPG. The vendors have also started implementing electric vehicles that have high speed and carrying capacity and limited carbon emissions. This emergence of green logistics will be one of the major trends that will gain traction in this market during the next four years.

Logistics involves planning and implementation of complete supply chain functions of a production. Supply chain functions include transportation, warehousing, inventory management, and other related logistics functions. Many manufacturers outsource the entire logistics functions to logistics players (3PL or 4PL) to reduce the cost and concentrate on the core business for enhanced customer satisfaction.

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The logistics market in APAC to grow at a CAGR of 7.33% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the logistics market in APAC for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of logistics services in various industries such as manufacturing, automobile, food and beverage, and other industries.

Competitive landscape and key vendors

The logistics market in APAC is highly competitive and fragmented due to the presence of several global and regional vendors who compete on the terms of service customization and service differentiation. The regional players are collaborating with the large players to maintain profitability by adopting the technologies and business strategy of the established players. To increase their profit margins, the vendors are also focusing on adopting cost-cutting techniques.

Key vendors
C.H. Robinson
DB Schenker
Deutsche Post DHL Group
Kuehne + Nagel

The other prominent vendors in the market are Agility, Allcargo Logistics, CEVA Logistics, Gati, Hitachi Transport System, HYUNDAI GLOVIS, Mitsubishi Logistics, Nippon Express, SANKYU, UPS, and Wincanton.

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Segmentation by type of logistics model and analysis of the logistics market in APAC
3PL
4PL

3PL model provides various benefits to the clients such that customized services, real-time tracking of inventory with accurate shipment details, and a wide range of services such as warehouse space management, mode of transportation, and trade permit documentation. Additionally, the increasing demand from industries such as manufacturing, retail, and e-commerce for various services like transportation, warehousing, freight forwarding, and cross-docking also contribute to the growth of this market segment.

Segmentation by end user and analysis of the logistics market in APAC
Manufacturing Industry
Automobile Industry
Food and beverage Industry

The manufacturing industry in APAC is steadily growing due to the increasing demand from pharma, healthcare, and telecommunications industries. This growth of industries increases the need of logistics for transporting various manufactured products, subsequently fueling market growth.

Market driver
Growth in trade between India and China
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Market challenge
Lagging road infrastructure increases the transportation cost
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Market trend
Emerging green logistics
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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