project Logistics market Value and growth
The Project Logistics market value is expected to grow at a CAGR of about 4% over the forecast period of 2021-2026.
project Logistics market Overview:
Project Logistics requires an organized system of scheduling, coordinating, handling, storing, and monitoring the total flow of goods, supplies, and information associated with completing a project successfully.
Larger-sized freight needs an entirely different set of facilities, resources, and experienced staff. Dealing with cargo with unusual proportions is always a transporter's problem. Nevertheless, in the shipping of overweight and heavyweight deliveries, shippers and service providers are gradually becoming more sophisticated. In addition, the complexity of manufacturing adds to the challenge. In far-flung parts of the world, parts and modular packages are produced and then shipped to final destinations. The products are more critical, so it is necessary to explain the preparation.
Through 2019, rising oil prices and a robust liquefied natural gas (LNG) and petrochemical production sector may continue to be good news for the transportation logistics industry. There are some organizations established to carry out the logistics activities of projects worldwide. Global Project Logistics Network (GPLN), for example, is a network of individual SME logistics forwarders. Members of the GPLN are active in a wide range of construction ventures, from infrastructure projects to significant energy projects. Members provide services such as heavy, oversized, and out- of-gage cargo transportation, packing / crating, and lifting.
project Logistics market segmentation:
The global Project Logistics market is segmented on the basis of application, sources, extraction process, and region.
The ten-year cycle of strong growth in renewable energy resources accelerated in 2018, with international add-ons of 171 gigawatts (GW), according to global energy sources. It includes hydropower, wind, bioenergy, solar and geothermal energy. New additions from solar and wind energy supported the annual increase of 7.9 percent, which accounted for 84 percent of the overall growth.
Significantly, renewable energy accounts for one-third of global power capacity. To achieve global climate targets and sustainable development goals, this pattern is expected to continue in the coming years. Positive prospects for renewable energy drive the current project logistics market. The energy companies need to develop the necessary infrastructure, start new projects, and install power generation equipment to generate the required amount of power in the future. This situation would create a demand for the logistics of the project.
Since 2012, the last three months of the year have produced about 70 percent of the total turbine installations. This late rush not only created enormous opportunities for the project cargo companies but also created a bottleneck for booking logistics in the third quarter. Construction businesses are searching at several options to avoid this. One option is to move components to sites early and to marshal freight at or near a site well before construction begins using national laydown facilities. Both strategies will help developers avoid trailer shortages during peak delivery hours, allow a longer window to find eligible short-lived heavy-haul drivers, and reduce cost overruns due to driver overtime and late approval.
The Asia-Pacific region, according to the industry sources, leads the studied market and is also expected to be the fastest-growing region. In recent years, investment in infrastructure has been a vital driver of the Asia-Pacific countries' economic development. Some countries (such as Australia and the ASEAN countries) focus on accelerating the development of their domestic infrastructure. In recent years, the construction industry in China has undergone a significant transformation. Chinese firms have undertaken and participated in a vast number of infrastructure projects since the launch of the Belt and Road Initiative in 2013. In 2017 alone, Chinese contractors completed 7,217 construction contracts along the Belt and Road and 13,267 construction contracts worldwide, according to the China International Contractors Association. It presents the national contract freight firms with a big opportunity to support these ventures with logistics facilities in the coming years.
project Logistics market Drivers and market limitations:
The increase in the number of global construction activities is one driver influencing this market. Project logistics in the construction domain is effectively planning, implementing and controlling the entire supply chain from the accumulation of raw materials to delivery of goods on a construction site. It is expected that the growing construction sector around the globe will drive demand for logistics services for projects.
However, high investments and operational costs are significant restraints for the market.
project Logistics Market Taxonomy:
1.3 Inventory Management and Warehousing
1.4 Other Value-added Services
2.1 Oil and Gas, Mining, and Quarrying
2.2 Energy and Power
Market research involves studying market trends, growth patterns, and understanding the influence of variables like macro and microeconomic conditions, geopolitical and demographic conditions on the market value and market dynamics.
The research methodology used to calculate and forecast the Project Logistics market began by collecting information on the market key player's sales using multiple sources via secondary research. In order to identify market segmentation, supplier offers have been considered.
Project Logistics Market Key Market Players:
The key players in the global Project Logistics market include Rhenus Logistics, Bollore Logistics, Agility Logistics, EMO Trans, Hellmann Worldwide Logistics, Ceva Logistics, Rohlig Logistics, Ryder System Inc., CH Robinson Worldwide Inc., and Kuehne + Nagel International AG.
Project Logistics Market Research Report Key Highlights:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.4 Inventory Management and Warehousing
5.1.5 Other Value-added Services
5.1.6 Y-o-Y Growth Analysis, By Service
5.1.7 Market Attractiveness Analysis, By Service
5.1.8 Market Share Analysis, By Service
5.2 End - User
5.2.2 Oil and Gas, Mining and Quarrying
5.2.3 Energy and Power
5.2.7 Y-o-Y Growth Analysis, By End - User
5.2.8 Market Attractiveness Analysis, By End - User
5.2.9 Market Share Analysis, By End - User
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.4 Market Attractiveness Analysis
6.1.5 Market Share Analysis
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Rhenus Logistics
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Bollore Logistics
8.3 Agility Logistics
8.4 EMO Trans
8.5 Hellmann Worldwide Logistics
8.6 Ceva Logistics
8.7 Rohlig Logistics
8.8 Ryder System Inc.
8.9 CH Robinson Worldwide Inc.
8.10 Kuehne + Nagel International AG
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures