Published Date : May 23, 2016
Albany, NY, May 23, 2016: MarketResearchReports.biz has recently added a new research report, titled “Logistics Market In The APAC Region 2016-2020,” to its database. The research report explains and defines the industry along with providing an overview of the same. Researchers state that logistics are the backbone of supply chain management systems. This industry is inclusive of storage, transportation, distribution of goods from the point of manufacturing to the point of sale or consumption. Researchers have studied this market from the economic, legal, environmental, and technological point of view to provide the readers a holistic picture of this market.
Several logistical tasks are often outsourced to service providers that specifically cater to the needs of transportation, freight and forwarding, and warehousing. Along with this support, the service providers also offer value-added services such as packaging. The biggest factor defining the Asia Pacific logistics market is the economic growth across various industrial verticals. The fast-paced growth in the fast moving consumer goods (FMCG) and auto and automobile components sectors is expected to fuel this market in the coming years.
According to the research report, the Asia Pacific logistics market is expected to expand at a CAGR of 13.08% from 2016 to 2020. The research report answers questions pertaining to the size and the scope of this market with the help of segmentation. This market is segmented on the basis of the type of logistics and geography. On the basis of logistics, this market is segmented into second-party logistics (2PL), third-party logistics (3PL), and fourth-party logistics (4PL). Geographically, this market is segmented into, ASEAN, China, Japan, South Korea, and Australia.
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The primary growth drivers in the Asia Pacific logistics market are sustained consumer spending habits and the proliferating internet sales. The increasing investment and rising construction sector are also expected to support the growth of the logistics market in Asia Pacific in the coming years. On the whole, the Asia Pacific logistics market will be pushed by the total strength of emerging economies, a booming e-commerce sector, and burgeoning foreign direct investment. All of these factors put together are expected to contribute towards the growth of the third-party logistics segment. The transition of Asia Pacific from a manufacturing hub to a consumer’s market as the FMCG, beverage and alcohol, white goods, retail, and consumer electronics sectors flourish, will also play a pivotal role in defining this market.
Some of the key players in the Asia Pacific logistics market are CJ Korea Express, Deutsche Post DHL, Hitachi Transport System, Sankyu, and Mitsubishi Logistics. The research report profiles these players and offers a comprehensive review of the competitive landscape of the Asia Pacific logistics market. Furthermore, the research report also provides an assessment of the financial overview, research and development strategies, business and marketing strategies, and strategic mergers and acquisitions of these top players in the near future.
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