Overview:

The Asia Pacific logistics market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Logistics is a part of supply chain management and it involves procurement, transference, and storage of goods or products from one location to other. Transportation and warehouse management are some of the important functions of logistics.

Market Dynamics:

Rise in domestic and international import and export activities is one of the key factors driving growth of the Asia Pacific logistics market. The growing import and export activity is supported by high availability of raw material, strong presence of manufacturing plants, and high consumer base in countries in the region. Also, rising internet penetration coupled with proliferating of online shopping in countries in the region is another factor fueling growth of the Asia Pacific logistics market.

In addition, rising number of E-commerce startups in the region is another factor expected to propel the market growth during the forecast period. Rising government support for startups in the region is among the others factors resulting in target market growth. Moreover, growing preference for hyper local delivery models is expected to create lucrative revenue opportunities for logistic companies in the Asia Pacific market in the near future.

Key Trends:

Rising merger and acquisition activities by major players is a key trend observed in the market. In May, 2018, FedEx Corporation has acquired Manton Air-Sea Pty Ltd. Manton Air-Sea Pty Ltd, is a logistics services provider in Australia. This acquisition is expected to support FedEx for market expansion and improve the geographic presence.

Scope of the Report:

Detailed Segmentation:

Asia Pacific Logistics Market, By Transportation Type:

• Airways
• Waterways
• Railways
• Roadways

Asia Pacific Logistics Market, By Logistic Type:

• First Party
• Second Party
• Third Party

Asia Pacific Logistics Market, By Industry Vertical:

• Healthcare
• Industrial and Manufacturing
• Retail
• Oil and Gas
• Chemical
• Other Vertical

Key Players Covered:

Key players operating in the Asia Pacific logistics market includes Americold Logistics, LLC, Ceva Holdings LLC, J.B. Hunt Transport Services, DHL Supply Chain, Expeditors International of Washington Inc., FedEx Corporation, Kuehne + Nagel International AG, C.H. Robinson Worldwide, Inc., Penske Logistics, Inc., and Ryder Supply Chain Solutions.

Key Features of the Study:

Foresight Market Research provides detailed analysis on Asia Pacific market in our report- Asia Pacific Logistics Market by transportation type, logistic type, industry vertical, and country. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the Asia Pacific logistics market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.