Report Code : A11526
Surge in adoption of multimodal transportation system and rise in penetration of e-commerce platform are the primary factors that drive growth of the logistics in the retail and e-commerce sectors. In addition, the innovative last-mile delivery mechanism in the retail & e-commerce market is expected to accelerate the demand for warehousing and distribution services. Moreover, surge in disposable income and increase in purchasing power of consumers are expected to drive the demand for logistics services, thereby boosting the growth of the warehousing and distribution logistics market. Furthermore, increase in use of advanced technology and blockchain technology in transportation and logistics services has improved asset tracking and transaction process recording. Solution providers offer advanced solutions to reduce the execution time of transportation and freight transportation processes which is increasing efficiency of warehousing and distribution logistics service provider.
Mayank Halmare - Lead Analyst
Automotive and Transportation at Allied Market Research
According to a new report published by Allied Market Research, titled, “Warehousing and Distribution Logistics Market," The warehousing and distribution logistics market was valued at $12,018.98 billion in 2021, and is estimated to reach $25,788.7 billion by 2031, growing at a CAGR of 7.7% from 2022 to 2031.
In 2021, Asia-Pacific is dominating the market in terms of revenue, followed by North America, Europe, and LAMEA. U.S. and China dominated the warehousing and distribution logistics market in 2021. The booming e-commerce industry in these economies is expected to drive the growth of the market. In addition, increased adoption of outsourced logistics services in the region is driving the growth of the market in Asia-Pacific. Moreover, high government support for development of logistics infrastructure in the region is also boosting the market growth.
The prominent key factors that drive the growth of the warehousing and distribution logistics market are increase in demand for warehousing and distribution logistics in e-commerce industry, increase in demand for refrigerated warehouses, and emergence of last mile deliveries coupled with logistics automation. The market economy is also responsible for the growth of the market. Countries such as China, India, Brazil, and South Africa are developing economies. Thus, the logistics sector witnesses prominent growth in these countries, which is expected to provide lucrative opportunities for the market. Also, in some undeveloped countries, there is an increase in the freight forwarding services, which is expected to boost the warehousing and distribution logistics market.
Warehousing and distribution logistics market is segmented basis of end use, business type, mode of operation, type and region. By end use, it is divided into healthcare, manufacturing, aerospace, telecommunication, government and public utilities, banking and financial services, retail, media and entertainment, trade and transportation and others. By business type, it is divided into warehouse, distribution, and value-added services. By mode of operation, it is segmented into storage, roadways distribution, seaways distribution, and others. By type, it is divided into solution, and services. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
COVID-19 Impact Analysis
KEY FINDINGS OF THE STUDY
The key players that operate in this warehousing and distribution logistics market are Agility, Ceva Logistics, CJ Century Logistics, CWT Ltd., DB Schenker, DHL Supply Chain, Gemadept, Keppel Logistics, Kerry Logistic, Kuehne+Nagel, Singapore Post, Tiong Nam Logistics, WHA Corp., YCH Group, and Yusen Logistics.
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Warehousing and Distribution Logistics Market by End Use (Healthcare, Manufacturing, Aerospace, Telecommunication, Government and public utilities, Banking and financial services, Retail, Media and entertainment, Trade and Transportation, Others), by Business Type (Warehouse, Distribution, Value added services), by Mode of operation (Storage, Roadways Distribution, Seaways Distribution, Others), by Type (Solution, Services): Global Opportunity Analysis and Industry Forecast, 2021-2031
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