• Olivia

Global Warehousing and Distribution Logistics Market Size to grow by US$ 1,704.3 Bn in 2030.

The warehousing and distribution logistics market was valued at USD 962.3 Bn in 2021. The market is projected to grow USD 1,704.3 Bn in 2030.

Request Free Sample To Learn More About This Report

Growing purchasing power of customers including electronics like smartphones, PCs, and other mobile devices, from e-commerce websites. The use of 3PL enables companies in the automotive sector to respond more quickly and effectively to the growing consumer demand throughout the world despite the fact that many car manufacturers are engaged in numerous strategies with service providers. Third-party logistic service providers were important to retailers as a top priority and were anticipated to meet demand quickly. In several large cities, giant companies like DHL, Amazon, and others have implemented a plan for transporting items in one to two hours.

By spanning international borders, international transportation management controls the movement of goods via the supply chain to customers. The growth of the international transportation management segment share is being driven by the effect transport management brought on by the use of automated technologies, an increase in international trade, and improvements in the logistics infrastructure. A significant growth opportunity for the dominant player in the market is anticipated given the exceptionally low penetration of fully automated warehousing distribution systems.

Request Free Sample To Learn More About This Report

Global attention has been focused on the supply chain as a result of the COVID-19 illness epidemic. The supply chain saw nationwide disruptions, which had a detrimental impact on the logistics sector. In all sections of the supply chain, 3PLs experienced bottlenecks and backlogs, according to a poll by NTT Data, and more than 50% of 3PL providers reported that the pandemic had a negative impact on their business, financial situation, and volume capacity. Because of COVID-19 and trade tensions, the U.S. economy is impacted. Import tariffs continue to hamper international trade, the expansion of 3PLs and other U.S. enterprises, and the health of the nation's economy as a whole.

The big players have noticed increased demand in the consumer, technology, consumer products, food & groceries, and Internet retailing vertical industries as a result of people stockpiling and buying products to follow stay-at-home restrictions. However, as volumes have decreased across all modes, the domestic transportation management (DTM) and 3PL segment gross revenues have decreased by nearly 15% in the second quarter.

Request Free Sample To Learn More About This Report

The service segment has dominated the market share in 2020 of global warehousing and distribution logistics market owing to the rising number of small companies offering different services in the market. The inland freight segment has dominated the market share in 2020 of global warehousing and distribution logistics market owing to the large distribution network and also incur less costs while comparing to others. The retail & e-commerce segment is dominated the market share in 2020 of global warehousing and distribution logistics market owing to the 3rd party logistics (3PL) demand for warehouse space has increased as a result of the global e-commerce boom, and it will develop more quickly in rising economies like India and China.

North America region is dominating the market share of global warehousing and distribution logistics market owing to the prominent logistics service companies are collaborating to include new projects. The growth of the regional market is also fueled by the creation of joint ventures to operate in the market and the inclusion of new services to serve nations.

Key Developments:

June 2022- Kuehne+Nagel has introduced electric vehicle services for airport transfers in Mumbai, India. With this service, Kuehne+Nagel hopes to gradually transition to electric cars in order to lessen its carbon impact, advance the cause of a sustainable future, and create a greener India. DHL Supply Chain has acquired Glen Cameron Group to strengthen the presence of DHL in Australia.

May 2022- OBE Organic, organic beef exporting company, has collaborated with Maersk ECO Delivery to export refrigerated meat through seaways using green biofuels.

April 2022- Shipa Freight (Agility) has merged with iContainers to aim for digital forwarding services ranging from small and medium-sized enterprises (SMEs) to multinational companies requiring spot shipments.

January 2022- Penske and Röhlig has announced the formation of a new contract logistics joint venture company called Rohlig Penske Logistics GmbH to expand into further Western European countries.

October 2021- Agility and Huawei have signed an MOU to transform their industrial and logistical parks into smart campuses. In accordance with the agreement, technologies and systems that control visitor management, vehicle entrances, "smart streets" with WiFi, and increased security at ALP complexes will be assessed.

May 2021- DB Schenker has setup the new facility of cold storage in 55,000 sqft area for pharmaceutical/healthcare to store their products and vaccines. As the growing need for temperature controlled logistics for medical purposes.

Read More Details On This Report: https://extrapolate.com/Retail/warehousing-and-distribution-logistics-market/25966