Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the logistics market provides in-depth analysis of segments and sub-segments in the BRICS as well as regional logistics market. The study also highlights the impact of drivers, restraints, and macro indicators on the BRICS and regional logistics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of BRICS logistics market. According to the report, the BRICS logistics market is projected to grow at a CAGR of 10.7% over the forecast period of 2021-2027, growing from more than USD 3261 billion in 2020 to about USD 6581 billion in 2027.
The BRICS logistics industry has gone through a transformation over the past few years. Market players are adopting modern technologies, changing the way logistic functions are carried out. Operations such as inventory management, warehousing, packaging, labeling, billing, shipping, and payment collection are critical in many industries. Several companies carry out such logistic operations by themselves, while some companies outsource them to the logistic service providers. The logistics and transportation are operated through different modes of transportation including railways, roadways, waterways, airways. Moreover, the players in the BRICS logistics market are adopting advanced technologies to streamline the business and offer better services. The logistics market in BRICS is in its development stage, and growing at a rapid pace compared to other trading blocks.
The spread of COVID-19 had a negative impact on the supply chains. The pandemic exerted heavy pressure on the transportation and logistics industries. The governments in BRICS countries implemented lockdown restrictions during the period of pandemic. Moreover, the manufacturers across many industries were compelled to reduce or stop their operations. While, only essential services and goods such as food, beverage, healthcare, and others were allowed to during the pandemic. Thus, the demand for logistics from several end-users dropped during the period of the pandemic. Furthermore, other factors such as closed warehouses, restricted transport, and shortage of labor have hampered the business of logistic companies during the pandemic. Nevertheless, as the pandemic crisis was controlled, the logistics market was restored back to its pre-pandemic state. Furthermore, the demand for logistics from the eCommerce industry increased during the pandemic, as consumers preferred to buy products from online retail channels. This adoption of eCommerce is expected to grow over the forecast period as well, driving the market growth.
The rapidly developing infrastructure in BRICS is majorly driving the growth of the logistics market in the country. Several public and private organizations are investing heavily in infrastructure in BRICS. Such investments have led to the construction and improvement of many roads, highways, ports, docks, rail tracks, and fuel and power infrastructure. This supports the growth of the logistics market by offering a base to build upon. Moreover, the growing eCommerce sector in BRICS is further augmenting the growth of the logistics market. The increasing penetration of the internet and smartphone is further driving the adoption of eCommerce in BRICS. As eCommerce is one of the major end-users of logistics solutions, the growth of the eCommerce sector boosts the logistics market. However, the lack of control over the logistics system by the manufacturers discourages them from outsourcing the logistics operations. This is a great restraining factor for the market growth in BRICS. Nevertheless, the adoption of advanced technologies such as AI, IoT, and 5G is expected to offer growth opportunities to the market players. The vendors are able to streamline their operations and provide a better experience to the customers by adopting these modern technologies.
In terms of country, China accounted for the largest share in the BRICS logistics market. The presence of a large manufacturing sector in China is majorly contributing to the domination of the country in the BRICS logistics market. The manufacturing sector is one of the leading end-user of logistic services in China as well as other BRICS countries. The availability of inexpensive labor and low utility costs majorly drive the manufacturing sector in China. Moreover, the logistics market in India is growing at a rapid pace owing to the growing retail and eCommerce industries. This, in turn, drives the demand for logistics in India.
The report on BRICS logistics market covers segments such as mode of transportation, and end user. On the basis of mode of transportation, the sub-markets include railways, roadways, waterways, and airways. On the basis of end user, the sub-markets include manufacturing, retail, aerospace, government, banking & financial services, and others.
The report provides profiles of the companies in the market such as Pronto Cargo do Brasil Ltda, STS Logistics (Russia), DTDC Express Limited, Globelink China Logistics Limited, Nippon Yusen Kabushiki Kaisha Group, Gac Logística do Brasil, Blue Dart Express Limited, Yusen Logistics (China) Co., Ltd., Dah Chong Hong Holdings Limited, and Safexpress Logistics Firm.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of logistics market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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