Showing posts with label Logistics Market. Show all posts
Showing posts with label Logistics Market. Show all posts

Wednesday, February 15, 2023

The Australian logistics and warehousing industry is expected to increase at a CAGR of 3.4% from 2020 to 2025: Ken Research

 Buy Now

1. Innovation, Infrastructure Investment and Technology Integration are Boosting Australia Logistics Market

Logistics Market in Australia

The Logistics Market in Australia grew at a positive CAGR during the period 2015-2020. Due to this, the logistics sector is considered a lifeline for the Australian Economy, contributing nearly 9% to the overall GDP. Additionally, the logistics sector grew at a considerable rate mainly due to the surge in the e-commerce sector, rise in manufacturing, increase in the use of technology and entry of foreign players in the 3PL segment. Also, an increase in infrastructure investment along with companies expanding on a massive scale helped the logistics sector growth a constant pace. With innovations in communication technology that have expanded the scope of global trade—and with particularly favourable conditions for importers, the demand for air freight is growing stronger.

2. Growing E-Commerce, Rising Technology and Growing Investment are Major Growth Drivers for Australia Transportation Market

Logistics Market in Australia

To Know More about this report, download a Free Sample Report

The explosive growth of e-commerce in Australia is one of the key factors driving the expansion of the Australian transportation market. Since e-commerce contributes significantly to Australia's GDP and the country has the 11th-largest e-commerce market in the world, it is constantly evolving. Additionally, businesses are placing more and more emphasis on enhancing IT and making technology investments. The emergence of big data, open data, and digital technology is also having an impact on Australia's freight networks. To advance its logistics industry, the government has made investments in road development and repair since 2014. By 2026, the government also intends to invest in the construction of a freight railway linking Melbourne and Brisbane.

3. Australia Cold Chain Logistics faces many challenges like food wastage, increasing cost of compliance and expensive cold storage units.

Logistics Market in Australia

To Know More about industry trends, Request a free 30 Min Expert call

In Australia, building a cold storage facility might cost up to twice as much as building a dry warehouse. Costlier upgrades include the installation of more machinery, insulation, airtight doors, and cooling systems. Additionally, operating costs for cold storage facilities are usually higher due to higher power consumption, with refrigeration accounting for more than 70% of total electricity demand. However, small and medium-sized businesses with less than a five-truck fleet dominate the Australian logistics industry.

It becomes more difficult for smaller, family-owned businesses to comply with the regulations as a result, which poses a problem. Companies will need to train employees and apply new compliance standards, which will add to their costs and burdens. Another significant issue in Australia is food waste, which is frequently a result of improper temperature control when moving or storing goods. The most wasted foods are mangoes, watermelons, cucumbers, cauliflower, and cabbage.

4. Digital freight brokers, infrastructure projects and fewer logistics/freight costs are expected to drive Australia Logistics Market in future.

Logistics Market in Australia

The majority of the Intermodal Freight Logistics Parks and other infrastructure developments are likely to benefit NSW and WA the most. In addition, digital freight brokers are predicted to grow in the market, resulting in a more organised business. Finally, as corporations consider containerized rail freight as an alternative to road transport in Australia, overall logistics/freight costs are likely to decrease in the future.

Friday, July 17, 2020

Extensive Growth in Landscape of Vietnam Logistics Market Outlook: Ken Research

According to the report analysis, ‘Vietnam Logistics Industry Comprehensive Report Q1/2020’ states that in the Vietnam logistics market there are numerous corporates which presently operating more significantly for leading the fastest market growth and registering the handsome value of market share throughout the review duration while spreading the awareness related to the applications, durability and effective services, delivering the better consumer satisfaction, decreasing the linked prices, implementing the effective strategies and policies, analyzing the competitor’s and government’s norms and advancing the technologies includes PETROVIETNAM TRANSPORTATION CORPORATION (PVT), VINAFREIGHT JOINT STOCK COMPANY (VNF), VIETNAM OCEAN SHIPPING JOINT STOCK COMPANY (VOS), SOUTH LOGISTICS JOINT STOCK COMPANY (STG), VIETNAM TANKER JOINT STOCK COMPANY (VTO), VINAFCO SHIPPING JOINT STOCK COMPANY( VFC), VIETNAM OCEAN SHIPPING AGENCY CORPORATION (VSA), VIETNAM SEA TRANSPORTAND CHARTERING JOINT STOCK COMPANY (VST), GEMADEPT JOINT STOCK COMPANY (GMD), VIETNAM CONTAINER SHIPPING JOINT STOCK COMPANY (VSC), TAN CANG LOGISTICS & STEVEDORING JOINT STOCK COMPANY (TCL), DINHVU PORT INVESTMENT AND DEVELOPMENT JOINT STOCK COMPANY(DVP), HAI AN TRANSPORT AND STEVEDORING JOINT STOCK COMPANY (HAH), CDONG NAI PORT JOINT STOCK COMPANY(PDN), CAT LAI PORT JOINT STOCK COMPANY (CLL), DOAN XA PORT JOINT STOCK. COMPANY (DXP) and several others.

The worldwide logistics market is review to increase at an average of 6.54% per year over the duration of 2017-2020, and reach USD 15.5 trillion by 2024, approximately double the figure of USD 8.2 trillion in 2016. International trade is quite vigorous, besides the augmenting the requirement for transportation along with the transformation in the shipping capacity has supported 3PL logistics service merchants continuously augment revenue in the past 3 years.

Predominantly in Vietnam, Commonly in 2019, freight transport reached 1,684.1 million tons, up 9.7% over the preceding year and 322.2 billion tons.km, up 7.8%, of which domestic transport stretched 1,650 million tons, up 9.8 % and 179.4 billion tons-kilometers, up 10.4%; foreign transport grasped 34.1 million tons, up 4.3% and 142.8 billion tons-kilometers, up 4.7%. It is projected that Vietnam's freight and logistics market will stretch USD 113.32 billion by 2022, with a CARG of 16.56%.

In addition, the E-commerce plays very central role in offering freight consumers new options to help their economic growth. E-commerce is projected to persist as the foremost driver of growth in the transportation industry. Not only has this, the effective rise in the internet-based retailing is booming the growth of the logistics market. Exponentially flourishing the online shopping around the market is behaving as foremost driver of the logistic market. Furthermore, short duration consignment delivery, after sales helps and services are propelling the internet retail market. Expressive the fact, the online retailer should deliver the good logistics services to form and continue good and satisfactory relationships with the consumers. The growth in internet retail market is thus propelling the logistics market at present and same trend is projected to be monitored over the forecast duration. Therefore, in the upcoming future, it is anticipated that the market of logistics will increase around the region over the forthcoming years more extensively.

For More Information, Click on the Link Below:-

Contact Us:-
Ken Research                                    
Ankur Gupta, Head Marketing & Communications
+91-9015378249