Electronics Parts Forward Logistics Market in APAC 2018-2022
About Electronics Parts Forward Logistics
Logistics players in the electronics parts forward logistics industry provide integrated logistics solutions including transportation, storage, and value-added services for electronic components (such as active, passive, and interconnector components), which are used in industrial, consumer electronics, and others.
Technavio’s analysts forecast the electronics parts forward logistics market in APAC to grow at a CAGR of 9.18% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the electronics parts forward logistics market in APAC for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Electronics Parts Forward Logistics Market in APAC 2018-2022
Technavio recognizes the following companies as the key players in the electronics parts forward logistics market in APAC: CEVA Logistics, DB Schenker, Deutsche Post DHL Group, Kuehne + Nagel, and UPS.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is penetration of blockchain technology in logistics supply chain. Blockchain technology is utilized to store and transform data digitally with high security. This technology records the transaction sequence and shares it between the transacting parties. With the implementation of this technology, the transparency between the party increases and the risk of data corruption is reduced.”
According to the report, one driver in the market is growing electronic parts trade between China and India. APAC countries such as China and India witnessed steady growth in merchandise trade during 1990-2015. This growth was influenced by the presence of sizeable middle-income population, that significantly demand for extensive trade.
Further, the report states that one challenge in the market is increase in transportation cost due to underdeveloped infrastructure. The share of logistics cost in the selling price of goods in 5%-6% in developed economies. However, this margin is three to four times higher for developed economies, such as countries in APAC.
Deutsche Post DHL Group
Kuehne + Nagel