Freight and logistics is a highly competitive and rapid growing industry with different active domestic and international players. It plays an important role in executing a business globally. The freight and logistics industry permit delivery of a product from one destination to another with a useful supply chain network. In addition to this, logistics management is a division of supply chain management that plans, implements and control the storage of goods, related information and services between the initial destination and the final-destination in-order to fulfill customer’s requirements. Increasing transportation of goods through several freight management services like roadways, railways, airways and waterways, is expected to make the freight and logistics market more demanding in the coming years.
The growing industrial sectors and their increasing production rate is one of the major factor driving the growth of freight and logistics market in Asia-Pacific region. Development of advanced tracking solutions further creates a high growth opportunity of this market. Hong Kong having the widespread transportation connectivity and world-class logistics infrastructure, freight volume by sea and air experienced a uniform growth over the years. Various initiatives taken by the Hong Kong government is another prime factor that have propelled the growth of the logistics industry. Moreover, due to excellent connectivity, pro-business environment and state-of-the-art infrastructure, many leading international logistics players are setting up their distribution centers in countries like China, Singapore and India. Moving forward, technological development such as cloud reinforced telematics and sensor equipment has deeply made a strong positive impact on the freight and logistics market in Asia-Pacific region. Rising awareness regarding cost of supply chain disruptions, many logistics companies are on a verge to re-design the supply chain network, which is further expected to boost the demand of this market during the projection period of 2017-2025.
Major application of freight and logistics market in Asia-Pacific includes commercial, residential and industrial. TheAsia-Pacific freight and logistics market in report is segmented by transport type which includes railways, roadways, airways, waterways and others. Moreover, based on end-user the market has been segmented as manufacturing and construction, trade and transport, energy and utilities, healthcare, retail and others. The Asia-Pacific freight and logistics market has been moreover segmented by country wise which includes China, Japan, India, South Korea and Rest of Asia-Pacific.
Bulk cargo volumes, car transport and strong demand for coal and iron-ore in countries like Japan, Singapore and China, propels the growth of the shipping transport type market over the forecast period. Moreover, free business agreement between Korea and U.S., is further expected to create a huge growth opportunity of the air freight sector. However, continuous rise in cost of jet fuel is assumed to make a serious impact on the air transport type market.
Some of the major players in the Asia-Pacific freight and logistics market include DB Schenker, FedEx Corp., Deutsche Post DHL, KING-E LOGISTICS Co., Ltd. and few others likely to be named.
Asia-Pacific Freight and Logistics Market: By Transport Type
Asia-Pacific Freight and Logistics Market: By Application
Asia-Pacific Freight and Logistics Market: By End-User
Asia-Pacific Freight and Logistics Market: By Country
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