The Transport and Logistics Market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on the Transport and Logistics Market highlights the future prediction and the growth alternatives that can be created.
Transport and Logistics Market Synopsis
Moreover, the trade policies implemented by the government are also assisting in the expansion of the market. Advancements made in shipping, port-services, warehousing, transportation sector have also played a significant role in the expansion of the market. The impeccable expansion of the e-commerce sector is a remarkable element amplifying the expansion of the global Transport and Logistics Market. Moreover, the demands of consumers have magnified due to the increasing demand for international as well as local commodities. The market is growing exponentially due to the robust globalization along with population growth.
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The forefront players of the global Transport and Logistics Market are GEODIS (France), Ceva Holdings LLC (U.K.), C.H. Robinson Worldwide, Inc. (U.S.), FedEx Corp. (U.S.)
The global Transport and Logistics Market can be classified based on logistic type, end-user industry, transportation type, and region.
Based on transportation type, the global Transport and Logistics Market can be segregated into railways, waterways, airways, and roadways.
Based on the region, the global Transport and Logistics Market can be segregated into North America, Europe, Asia Pacific, and Rest of the World (RoW).
The geographical analysis of North America, Europe, Asia Pacific, and Rest of the World (RoW) has been conducted. As per the analysis by MRFR, the APAC region acquired the largest market share. The evaluation also states that the region is likely to expand at the maximum CAGR during the review period. The increasing exports and imports are one of the prime factors augmenting the growth in the region. Besides, the growing adoption of outsourced logistics services in the area is propelling the market in the region. The emerging economies like India, Japan, China, Australia, and Indonesia are the most lucrative markets in the APAC area. China is the biggest market owing to the large population and the presence of key players.
However, due to the outbreak of pandemic coronavirus, several regions have been adversely affected. The dynamics of the market are changed significantly due to the observation of worldwide lockdown.
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