Global High-tech Logistics Market Size study & Forecast, by Service (Transportation, Warehousing and Inventory Management, and Value-Added Services), by Product Category (Consumer Electronics, Semiconductors, Computers and Peripherals, and Telecommunication and Network Equipment), and Regional Analysis, 2022-2029
The global High-tech Logistics Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. High-tech logistics refers to the use of advanced technology and digital solutions to optimize and streamline the movement of goods and materials through the supply chain. This involves integrating different systems, such as inventory management, transportation, and warehousing, to create a more efficient and effective logistics network. The High-tech Logistics market is expanding because of factors such as the rising growth across consumer electronics and growing demand for digital printing.
Moreover, the growing consumer electronics industry is anticipated to support the market growth during projected period. According to Indian Brand Equity Foundation in 2021, the production of consumer electronics is rising from USD 29 billion to USD 67 billion during 2015-2021. It includes IT hardware & components, smartphones, semiconductor and design, and so on. Whereas the rising adoption of semiconductors and growing R&D activities by market players create lucrative opportunities for the market. However, the higher cost of high-tech logistics hampers market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global High-tech Logistics Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing adoption of semiconductors associated with growing consumer electronics, and rising advanced technology. Whereas the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising consumer spending on electronics, and growth activities by market players in the forecast period.
Major market players included in this report are:DB Schenker
Rhenus Logistics
Aramex
DHL Global Forwarding
CH Robinson
AP Moller- Maersk
BLG Logistics
Ceva Logistics
Agility Logistics
Kerry Logistics
Recent Developments in the Market:In March 2021, Rhenus High Tech become a co-shareholder in TENESO, one of Europe’s largest cross-border high-tech transport companies, allowing the company to strengthen its existing European network structures for high-tech logistics.
In May 2020, Cargo-partner, an international transport and information-logistics provider, established a high-tech logistics department at its headquarters near Vienna Airport. The services range from time-definite delivery using a dedicated vehicle fleet to on-site installation, customer training, and specialized warehousing.
Global High-tech Logistics Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Service, Product Category, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:By Service:
Transportation
Warehousing and Inventory Management
Value-added Services
By Product Category:
Consumer Electronics
Semiconductors
Computers and Peripherals
Telecommunication and Network Equipment
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Companies MentionedDB Schenker
Rhenus Logistics
Aramex
DHL Global Forwarding
CH Robinson
AP Moller- Maersk
BLG Logistics
Ceva Logistics
Agility Logistics
Kerry Logistics
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