About Logistics Market in the APAC Region
Logistics is an important element of supply chain management (SCM). It includes the transportation, storage, and distribution of goods from the point of origin to the destination. Customers outsource their logistics and transportation functions to service providers that specialize in handling logistics functions like freight and forwarding, transportation, and warehousing. In addition, these providers also offer various value-added services related to logistics like packaging. Economic growth across industries including fast moving consumer goods (FMCG) and automobile and auto components increases the demand for logistics services in APAC.
Technavio’s analysts forecast the logistics market in APAC to grow at a CAGR of 13.08% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the Logistics Market in the APAC Region 2016-2020. To calculate the market size, the report considers the revenue generated from different industries served by the contract logistic providers.
The market is divided into the following segments based on the type of logistics:
Technavio Announces the Publication of its Research Report – Logistics Market in the APAC Region 2016-2020
Technavio recognizes the following companies as the key players in the Logistics Market in the APAC Region: CJ Korea Express, Deutsche Post DHL, Hitachi Transport System, Sankyu, and Mitsubishi Logistics.
Other Prominent Vendors in the market are: Allcargo Logistics, C.H.Robinson, CEVA Logistics, DB Schenker, Gati, Global Logistics Properties, Hyundai Glovis, Kerry Logistics, Kuehne+Nagel, Nippon Express, Orix, Prologis, Sinotrans, and TCI.
Commenting on the report, an analyst from Technavio’s team said: “Private equity (PE) investment in the logistics market is on the rise. PE investment in the logistics market will help in the acquisition of assets required for the business. These investments are ideal for strong asset-based business models. As the 3PL market is capital-intensive in nature, PE investments by companies will help expand business operations. In addition, it will help produce synergies from JV and strategic partnerships among companies.”
According to the report, an increase in Free Trade Agreements among APAC regions is a key driver for the logistics market. These agreements are also instrumental in removing supply chain constraints by simplifying customs procedures and reducing tariffs, thus improving the transit times and efficiency of business operations. These FTAs in general cover three things, removing complicated regulatory barriers, reducing trade tariffs, and increasing the investment environment of both parties in the agreement.
Further, the report states that varying transportation costs in countries across the region can pose a serious challenge to logistics providers.
CJ Korea Express, Deutsche Post DHL, Hitachi Transport System, Sankyu, Mitsubishi Logistics, Allcargo Logistics, C.H.Robinson, CEVA Logistics, DB Schenker, Gati, Global Logistics Properties, Hyundai Glovis, Kerry Logistics, Kuehne+Nagel, Nippon Express, Orix, Prologis, Sinotrans, TCI.
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