PUNE: Global logistics is expected
to reach US$12 trillion in value by 2025, recording a 6% CAGR over the period,
says a research report.
According to US based Research firm, 2015 was a difficult year for
global logistics companies. However, accelerating Asia Pacific economies and
recovering manufacturing in Western Europe are expected to have a positive
effect on global logistics, which started to recover in 2016 and is expected to
continue solid growth in the next 10 years.
The key opportunities lie in construction industry and
transportation of cement, metals, textiles and electronic components. Retail
and wholesale, in the meantime, will become an increasingly challenging area
with limited potential and growing supply chain complexity.
Retail and wholesale growth is expected to stand at 4% CAGR over
2015-2025 lowest among key logistics customers. China and the US are expected
to remain lucrative markets that will account for over 50% of future value
growth in retail and wholesale until 2025. Following growth of e-commerce,
logistics companies will have to adopt innovative delivery solutions and
integrate delivery systems.
Construction expected to become the largest logistics customer in
the next 10 years, outperforming retail and wholesale. Global construction CAGR
of 7% over 2015-2025 will come mainly from Asia -China, India and Indonesia.
Key future challenges are logistics in increasingly tightly
urbanised areas and trend towards construction project fragmentation.
The cement, stone and ceramic products industry is already the
largest logistics customer in manufacturing and additionally is expected to
record the strongest growth of 10% CAGR until 2025.
The growth will be driven by quickly urbanising economies in Asia,
the Middle East and Africa.
Apart from cement, other key areas of growth will be metals
(especially non-ferrous and precious), textiles and electronic components that
will each record turnover CAGRs of around 8% over 2015-2025.
Source: Dailyshippingtimes.com
We have successfully served many reputable clients for Import-Export Data Information Services. Here are some of our clients:
Copyright © 2009 - 2024 www.seair.co.in. All Rights Reserved.