Third Party Logistics 3PL Global Market Report 2023 – By Service Type (Dedicated Contract carriage, Domestic Transportation Management, International Transportation Management, Warehousing And Distribution, Other Service Types), By Mode Of Transport (Railways, Roadways, Waterways, Airways), By Industry (Technological, Automative, Retailing, Elements, Food And Groceries, Healthcare, Other Industries) – Market Size, Trends, And Global Forecast 2023-2032

Logistics automation refers to the application of computer software or automated machinery to improve efficiency in managing logistics. This helps to replace manual operations and handling equipment with automated facilities and processes. Logistics automation helps develop logistics operations in various end-use industries and also used in warehouses and distribution centres, which help in maintaining huge stocks. The main types of components in logistics automation are hardware, software, and services. The hardware market in logistic automation is used to describe any of the physical components of an analog or digital computer. Computer hardware also includes the physical parts of a computer, such as a case, central processing unit (CPU), monitor, mouse, keyboard, and computer data storage. The various functions include warehouse and storage management and transportation management, which are used in various organization sizes such as small-medium-sized organizations and large-scale organizations. These are used by several end users, including retail and e-commerce, automotive, food and beverage, logistics and transportation, and others. The global logistics automation market is segmented - 1) By Component: Hardware, Software, Services 2) By Function: Warehouse and Storage Management, Transportation Management 3) By Organization Size: Small-Medium Size Organizations, Large Scale Organization 4) By End-User: Retail and E-Commerce, Automotive, Food and Beverage, Logistics and Transportation, Other End Users The global logistics automation market size will grow from $55.22 billion in 2022 to $63.37 billion in 2023 at a compound annual growth rate (CAGR) of 14.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the logistics automation is expected to grow to $101.26 billion in 2027 at a CAGR of 12.4%. The growth of the e-commerce industry is expected to propel the growth of the logistics automation market going forward. Ecommerce refers to the buying and selling of goods and services with the help of the Internet. Logistics automation is used by the e-commerce industry to maintain its stock in warehouses and distribution centers. This helps in the easy handling of goods between different departments in the company. For instance, in February 2022, according to Forbes, a US-based business magazine, during the time of the pandemic, e-commerce sales grew by 50%, and the business of eCommerce during this time stood at $870 billion. Also, in 2020, in the U.S, there will be a 14.2% increase in e-commerce. Therefore, the growth of the e-commerce industry is driving the logistic automation market growth. Major players in the logistics automation market are WiseTech Global Limited, Kion Group AG, VITRONIC, Jungheinrich AG, Murata Manufacturing Co. Ltd., Swisslog Holding AG, TGW Logistics Group, Mecalux S.A., Beumer Group, SSI Schaefer AG, Oracle, Falcon Autotech Private Limited, Hinditron Group of Companies, JBT Corporation, Toshiba Logistics, One Network Enterprises, System Logistics SpA, Matternet Inc., Toshiba Logistic, and SI Systems. Technological innovations have emerged as the key trend gaining popularity in the logistics automation market. Major companies operating in the logistics automation market are introducing technological innovations to reinforce their position in the market. For instance, in March 2020, Dematic, a US-based company that manufactures logistics automation and materials handling systems, launched the latest generation of warehouse automation solutions called Multishuttle (DMS) 2E. This system helps to control all logistics processes in the warehouse, as well as order picking and dispatch. The DMS-2E significantly increases speed, storage density, and accuracy and shows the availability of stock in warehouses and distribution centers. In March 2020, Kion Group, a China-based company that manufactures materials handling equipment, acquired Digital Applications International Limited (DAI) for a deal amount of $133 million. This acquisition helps Kion Group to extend its software portfolio and systems engineering capabilities to meet future challenges and deliver advanced intralogistics globally. Digital Applications International is a UK-based company that provides automated warehousing systems. North America was the largest region in the logistics automation market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the logistics automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the logistics automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The logistics automation market includes revenues earned by entities by providing purchase orders, packing lists, shipping notices, contract agreements. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The logistics automation market research report is one of a series of new reports from The Business Research Company that provides logistics automation market statistics, including logistics automation industry global market size, regional shares, competitors with a logistics automation market share, detailed logistics automation market segments, market trends and opportunities, and any further data you may need to thrive in the logistics automation industry. This logistics automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive logistics refer to a set of activities conducted for the smooth transportation of automotive spare parts and finished vehicles. Automotive logistics consists of inbound procurement, outsourcing & distribution of spare parts, and transporting finished vehicles domestically or internationally. The complexity of the supply chain of automotive logistics requires process planning to achieve maximum efficiency in manufacturing. The main types of automotive logistics are outsourcing and insourcing. Automotive outsourcing logistics companies provide third-party services such as contract logistics, warehousing, and domestic transportation to achieve maximum efficiency in the transportation and manufacturing process. The various activities involve warehousing & handling, transportation & handling that are divided by mode of transport into roadways, airways, railway, and maritime. The numerous services provided are transportation, warehousing, packaging processes, integrated service, and reverse logistics that are distributed across domestic and international channels. The global automotive logistics market is segmented - 1) By Type: Outsourcing, Insourcing 2) By Activity: Warehousing & Handling, Transportation & Handling 3) By Mode of Transport: Roadways, Airways, Railway, Maritime 4) By Services: Transportation, Warehousing, Packaging Processes, Integrated Service, Reverse Logistics 5) By Distribution: Domestic, International The global automotive logistics market size will grow from $245.45 billion in 2022 to $266.82 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automotive logistics is expected to grow to $340.34 billion in 2027 at a CAGR of 6.3%. The increasing efficiency in finished vehicle logistics is expected to propel the growth of the automotive logistics market going forward. Finished vehicle logistics refers to a series of stages and processes through which cars get safely delivered to the end customers. This process involves transporting or delivering vehicles from the manufacturer to the customers domestically or internationally. Finished vehicle logistics is used by the automotive industry for the safer delivery of cars as a result due to increase in efficiency in finished vehicle logistics will increase the demand for automotive logistics. For instance, in December 2021, according to Economic Times Auto, an India-based article, India's intercity road logistics spending reached USD 209 billion in 2021, with an annual compounding growth rate of 8%. Therefore, the increasing efficiency in finished vehicle logistics is driving the growth of the automotive logistics market. Major players in the automotive logistics market are Penske Corporation, Deutsche Post DHL Group, XPO Logistics Inc., SNCF, Panalpina World Transport (Holding) Ltd., DSV A/S, Ryder Systems Inc., CEVA Logistics, Nippon Express, Expeditors International, BLG Logistics, DB Schenker, Hellmann Worldwide Logistics, GEFCO, Schnellecke group ag & co. Kg, Hitachi Transport System Ltd., Neovia Logistics Services LLC., CFR Rinkens, GEODIS, Kerry Logistics Network Limited, Dachser Group SE & Co. KG, Yusen Logistics Co. Ltd., and Neovia Logistics Services LLC. New product innovations have emerged as the new trend gaining popularity in the automotive logistics market. Major companies operating in the automotive logistics sector are focused on developing innovative products to sustain their position in the market. For instance, In March 2021, Tata motors, an India-based company that manufactures logistic automobile trucks, launched Ultra Sleek T-Series trucks based on smart truck technology. This contains a varied deck length from 10 to 20 feet to adapt to all the required applications. This helps to carry more automotive logistics at a time. In January 2021, XPO Logistics, Inc., a US-based freight transportation company, acquired Kuehne + Nagel International AG for an undisclosed amount. This acquisition helps XPO Logistics to expand its contract logistics network in the United Kingdom and Ireland. And also helps to increase logistic Services such as inbound and outbound distribution and reverse logistics, and it also starts providing services in new markets, including inventory management of automotive logistics. Kuehne+Nagel International AG is Switzerland-based transport and logistic company. Asia-Pacific was the largest region in the automotive logistics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive logistics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive logistics market includes revenues earned by entities by inbound logistics, outbound logistics, reverse logistics and aftermarket logistic. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive logistics market research report is one of a series of new reports from The Business Research Company that provides automotive logistic market statistics, including automotive logistics industry global market size, regional shares, competitors with automotive logistics market share, detailed automotive logistics market segments, market trends and opportunities, and any further data you may need to thrive in the automotive logistics industry. This automotive logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Freight and logistics refer to the process of planning and executing efficient transportation and storage of goods from the point of origin to the point of consumption. This helps to meet customer requirements in a timely and cost-effective manner. These services are used for the transport of goods and commodities from one place to another by means of rail, truck, road, and big vessels. The main types of freight and logistics include airways, railways, roadways, and waterways. Airways refer to the transportation and management of goods through an air carrier. The different functions include freight forwarding, warehousing, value-added services, and others. It is employed in manufacturing and automotive, oil and gas, mining, and quarrying, agriculture, fishing, and forestry, construction, distributive trade, and other end users. The global freight and logistics market is segmented – 1) By Type: Airways, Railways, Roadways, Waterways 2) By Function: Freight Forwarding, Warehousing, Value-added Services, Other Functions 3) By End User: Manufacturing And Automotive, Oil And Gas, Mining, And Quarrying, Agriculture, Fishing, And Forestry, Construction, Distributive Trade, Other End Users The global freight and logistics market size will grow from $15.65 billion in 2022 to $16.52 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of freight and logistics market is expected to grow to $19.2 billion in 2027 at a CAGR of 3.8%. The increasing global trade activities are expected to propel the growth of the freight and logistics market going forward. Global trade activities refer to the import and export of goods and services across international boundaries. Freight and logistics services are used to transport goods internationally through different modes of transport. An increase in global trade activities has led to an increase in the volume of transporting goods to different countries through different means of transportation. For instance, according to United Nations Conference on Trade and Development, a Switzerland-based, United Nations organization, for the year 2021, exports of developing countries increased to 30% higher in the fourth quarter of 2021, and global trade reached a record level of USD 28.5 trillion in 2021. Also, China is contributing the highest, 15% of all world exports. Therefore, the increasing global trade activities in emerging economies are driving the growth of the freight and logistics market. Major players in the freight and logistics market are XPO Logistics, United Parcel Service (UPS), DHL, J.B Hunt Transport Services, C.H. Robinson, DSV A/S, FedEx, Nippon Express, Ceva Logistics, DB Schenker, Maersk, Deutsche Post AG, Lineage Logistics, and Ryder, Geodis. Technological advancement is the key trend gaining popularity in the freight and logistics market. Major companies operating in the market are focused on technological advancement to sustain their position in the market. For instance, in 2020, Deutsche Post DHL Group (DPDHL), a Germany-based freight and logistics company, launched its DHL SmarTrucking solution to accelerate the development of AI-based technology-enabled logistics solutions. By Using AI technology, shipped items and goods can be tracked to their exact location. This technology helps to reduce nearly 50% transit time compared to the traditional trucking industry. In June 2021, Worldwide Express LLC, a US-based logistics provider merged with GlobalTranz Enterprises, for an undisclosed amount. Through this merger, these merged companies offer services in parcel delivery that includes the less-than-truckload and full truckload and manage transportation through the use of business intelligence, data assets, and the latest technology. The merger helps to gain a better market presence and helps Worldwide Express serve a larger number of customers. GlobalTranz Enterprises is a US-based full-service logistics provider. Asia-Pacific was the largest region in the freight and logistics market in 2022. North America is expected to be the fastest growing region in the forecast period. The regions covered in the freight and logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the freight and logistics market report is Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The freight and logistics market includes revenues earned by entities by overseeing and managing the delivery of goods. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The freight and logistics market research report is one of a series of new reports from The Business Research Company that provides freight and logistics market statistics, including freight and logistics industry global market size, regional shares, competitors with a freight and logistics market share, detailed freight and logistics market segments, market trends and opportunities, and any further data you may need to thrive in the Freight and logistics industry. This freight and logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Chemical logistics is a service that involves the storage and transportation of chemicals along a supply chain with special care by chemical logistics companies. The chemical logistics services help to transport these compounds with extreme caution to avoid any safety risks such as contamination and spoilage. The main types of services in chemical logistics are transportation and distribution services, storage and warehousing services, customs and security services, green logistics services, and consulting and management services. Transport and distribution services can be used to connect customers, raw material suppliers, plants, warehouses, and channel members with the help of water, rail, motor carrier, air, and pipeline. The different modes of transportation include roadways, railways, airways, waterways, and pipelines, and are used by the chemical industry, pharmaceutical industry, cosmetic industry, oil and gas industry, specialty chemicals industry, food industry, and other industries. The global chemical logistics market is segmented - 1) By Services: Transportation and Distribution Services, Storage and Warehousing Services, Customs and Security Services, Green Logistics Services, Consulting and Management Services, Other Services 2) By Mode of Transportation: Roadways, Railways, Airways, Waterways, Pipelines 3) By End User: Chemical Industry, Pharmaceutical Industry, Cosmetic Industry, Oil and Gas Industry, Specialty Chemicals Industry, Food Industry, Other End Users The global chemical logistics market size will grow from $269.84 billion in 2022 to $279.31 billion in 2023 at a compound annual growth rate (CAGR) of 3.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global chemical logistics is expected to grow to $317.88 billion in 2027 at a CAGR of 3.3%. The rise in chemical production is expected to propel the growth of the chemical logistics market. An increase in the production of chemicals to supply to various industries, including food production, pharmaceutical manufacturing, automobile manufacturing, and engineering, leads to a rise in the need for safe corners of transportation and distribution services. For instance, according to the American Chemistry Council, Chemical volumes in the United States increased by 1.4% in 2021 and 3.2% in 2022, while shipments increased by 8.1% in 2021 and 8.2% in 2022. Furthermore, according to the government of India, India's chemical sector (including fertilizers and pharmaceuticals) showcased a 18-23% revenue growth in FY2022 and is predicted to expand to USD 304 billion by 2025, with an annual growth rate of 9.3%. Therefore, the rise in chemical production is driving the growth of the chemical logistics market. Major players in the chemical logistics market are A&R Logistics, Deutsche Post, C.H. Robinson, BDP International, Rhenus Logistics, Deutsche Bahn (DB) Schenker, BASF, Rhenus Logistics, Ryder System Inc., CEVA Logistics, FedEx, Montreal Chemical Logistics, Schneider National Inc., Odyssey Logistics & Technology Corporation, and Univar Solutions Inc. Collaborations and partnerships have emerged as the key trends gaining popularity in the chemical logistics market. Major players in the chemical logistic market are making partnerships and collaborations for the development of innovative and technologically advanced products. For instance, In July 2021, Arkema S.A., a specialty chemicals and advanced materials company joined Swiss trade tech pioneer Nexxiot to digitize Arkema's Isotank (Tank Container) and rail freight wagon fleets by using Nexxiot's cutting-edge IoT devices and intelligent cloud platform. This partnership would provide end-to-end visibility for Arkema customers to increase quality standards and transform the whole service experience. Furthermore, in February 2021, Agility logistics, a Kuwait-based logistics provider, collaborated with Shipa, a US-based digital logistics platform, to launch a bonded, express road freight network that connects businesses and consumers across the GCC. This collaboration would result in a new service offering customers less-than-truckload (LTL) and full truckload (FTL) alternatives and a rapid, cost-effective way to export parcels, pallets, or goods containers. In April 2021, A&R Logistics, a US-based company that provides supply chain services for the chemical industry, acquired Luckey Trucking for an undisclosed amount. Through this acquisition, A&R would strengthen its market leadership, increase its fleet of highly specialized tractors and trailers, increase its depth in core services, and improve its capacity to provide end-to-end customer solutions. Lucky Trucking is an Australia-based company operating in the chemical logistics industry. Asia-Pacific was the largest region in the chemical logistics market in 2022. The regions covered in the global chemical logistics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the chemical logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The chemical logistics market includes revenues earned by entities bybulk storage & transfer, flammable & temperature-controlled rooms, packaging, repackaging, relabeling, fulfillment, and transportation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The chemical logistics market research report is one of a series of new reports from The Business Research Company that provides chemical logistics market statistics, including chemical logistics industry global market size, regional shares, competitors with a chemical logistics market share, detailed chemical logistics market segments, market trends and opportunities, and any further data you may need to thrive in the chemical logistics industry. This chemical logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Healthcare logistics refer to the logistics service of surgical, medical, and pharmaceutical supplies. The aim of healthcare logistics is to maximize the use of technical and material resources available to health systems for improving the efficiency, quality, and traceability of health operations. The main types of services of healthcare logistics include transportation and warehousing. Healthcare transportation services refer to the movement of healthcare goods from one place to another by various means such as marine, inland, and aviation. The products transported or stored in the warehouse are pharmaceutical products, medical devices, and medical equipment. These products are brand drugs or generic drugs. These logistics services are utilized by pharmacies, healthcare facilities, and research and diagnostics laboratories. The global healthcare logistics market is segmented – 1) By Service: Transportation, Warehousing 2) By Product: Pharmaceutical Products, Medical Devices, Medical Equipment 3) By Type: Branded Drugs, Generic Drugs 4) By End-Users Outlook: Pharmacies, Healthcare Facilities, Research and Diagnostic Laboratories The global healthcare logistics market size will grow from $76.86 billion in 2022 to $83.95 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of healthcare logistics market is expected to grow to $113.01 billion in 2027 at a CAGR of 7.7%. The growing global pharmaceutical sales are expected to propel the growth of the healthcare logistics market. Increasing sales of pharmaceuticals is expected to boost the demand for logistics as the pharmaceutical products or drugs should be stored and transported to pharmacies, drug stores, and others, thus increasing the demand for transportation or healthcare logistics. Transporting healthcare products by air, roads, and sea needs the formation of logistical methods for sustaining a pharmaceutical shipment’s integrity. It will require specific equipment, storage facilities, harmonized handling procedures, and strong cooperation among the cold chain partners. According to the annual report published by the Indian Ministry of Chemicals and Fertilizers, Department Of Pharmaceuticals, In July 2021, there was an increase in trade of import and export volume of pharmaceuticals by 1.78% from Financial year FY19 to FY20. Furthermore, according to the Pharmaceutical Industry Report published by India Brand Equity Foundation, In March 2022, The domestic pharmaceutical industry in India is expected to grow from USD 42 billion in 2021 to USD 65 billion by 2024 and then another USD 120–130 billion by 2030. Therefore, the growing global pharmaceutical sales are expected to boost demand for healthcare logistics during the forecast period. Major players in the healthcare logistics market are Air Canada, AmerisourceBergen Corp, CEVA Logistics AG, Cold Chain Technologies LLC, Deutsche Post DHL Group, FedEx Corp, Kuehne + Nagel International AG, Schenker AG, United Parcel Service Inc., Owens & Minor, Lufthansa Cargo, Alloga, PHEONIX Group, C.H. Robinson, DSV, and Farmasoft. Advancement in technology is a key trend gaining popularity in the healthcare logistics market. Major companies operating in the healthcare logistics market are focused on providing technologically-advanced logistics solutions to strengthen their market position. These companies are implementing next-generation logistics solution technologies into their services, such as automation, artificial intelligence and machine learning (AI and ML), blockchain, transportation management systems, and others, to increase supply chain productivity, reduce costs and avoid errors. For instance, In April 2021, a France-based CEVA Logistics company launched the FORPATIENTS healthcare logistics sub-brand. This new temperature-sensitive solution offers complete logistics solutions to healthcare and pharmaceutical companies in temperature-controlled facilities worldwide. The CEVA will provide visibility and tracking solutions for real-time decisions through embedded location and temperature IoT devices. In June 2021, AmerisourceBergen, a US-based drug wholesale company, acquired Alliance Healthcare Businesses for a $6.275 billion deal amount in cash, subject to adjustment of usual working capital, net debt, and 2 million shares of AmerisourceBergen common stock. With this acquisition, AmerisourceBergen broadens pharmaceutical distribution reach and solutions and expands global manufacturer services. Alliance Healthcare is a UK-based provider of pharmaceutical wholesaling, logistics, support with clinical trials, and other innovative healthcare services. North America was the largest region in the healthcare logistics market in 2022 and is expected to be the fastest growing region in the forecast period. The regions covered in the healthcare logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the healthcare logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The healthcare logistics market includes revenues earned by entities by storing, delivering, and shipping of medical supplies. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The healthcare logistics market research report is one of a series of new reports from The Business Research Company that provides healthcare logistics market statistics, including healthcare logistics industry global market size, regional shares, competitors with a healthcare logistics market share, detailed healthcare logistics market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare logistics industry. This healthcare logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Cash logistics refer to transporting cash from client points to the cash processing centers, where it is counted, checked, inspected, and transferred into the client's account. It primarily manages, transmits, and protects funds by removing risks and exposing them to the public. This service is used for the physical movement as well as handling of cash from one location to another. The main types of cash logistics are cash management, cash-in-transit, and ATM services. Cash management involves collecting and managing cash flows from the operating, investing, and financing activities of a company which includes activities like specializing in ATM cash replenishment, CIT, retail cash management, such as doorstep banking, as well as complete line maintenance, cash processing, and vaulting services are all available. The different modes of transit include roadways, railways, and airways. These are used in financial institutions, retailers, government agencies, hospitality, and other end users. The global cash logistics market is segmented – 1) By Service: Cash Management, Cash-In-Transit, ATM Services 2) By Mode of Transit: Roadways, Railways, Airways, Other Modes 3) By End User: Financial Institutions, Retailers, Government Agencies, Hospitality, Other End Users The global cash logistics market size will grow from $18.65 billion in 2022 to $20.53 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of cash logistics market is expected to grow to $26.8 billion in 2027 at a CAGR of 6.9%. The rise in deployment of ATMs is expected to propel the growth of the cash logistics market going forward. An ATM stands for automated teller machine. It is a financial transaction machine and an automatic banking platform that doesn't require a teller or a human cashier for the circulation of physical cash. The process of collecting, managing, and depositing cash at an ATM, which is outsourced by banks to users, is known as cash logistics. For instance, according to the Reserve Bank of India, in India, the number of ATMs installed increased from 2.21 lakhs at the end of March 2019 to 2.32 lakhs at the end of December 2019 and by March 2021, the country's total number of ATMs had risen to 2.34 lakhs. Also, there were 213,575 bank ATMs in March 2021, which was 1.3% up from March 2020. Therefore, the rising development of ATMs is driving the growth of the cash logistics market. Major players in the cash logistics market are Cash Logistics Security AG, CMS Info Systems Ltd., GardaWorld Corporation, Global Security Logistics Co, General Secure Logistics Services (GSLS), The Brink’s Company, Lemuir Group, Loomis AB, Prosegur, Dunbar International, Global Security Logistics Co., Security and Intelligence Services, Allied Universal, and MPS Security. The introduction of mobile ATMs is a key trend gaining popularity in the cash logistics market. Major companies operating in the cash logistics market are focused on introducing mobile ATMs to meet consumer demand and strengthen their position. For instance, in May 2021, in India, HDFC Bank, an Indian banking and financial services company deployed mobile Automated Teller Machines (ATMs) to help clients and provide innovative services. The mobile ATMs would eliminate the need for people to withdraw cash in limited or sealed locations. Also, in 2021, HDFC Bank has implemented mobile ATMs in approximately 50 cities in India. Bengaluru is the bank's 25th city to receive Mobile ATMs in 2021. Customers can complete over 15 different sorts of transactions using the mobile ATM, which will be available for a limited time at each location. In April 2021, Allied Universal, a US-based provider of security systems and services acquired G4S for a deal amount of £3.8billion ($4.007 Billion). With this acquisition, Allied Universal would become the third-largest employer in North America and a global leader in integrated security, offering customers an unrivaled breadth of competence and new prospects. G4S is a UK-based company that offers secure, physical transportation of money, including banknotes and coins, from one place to another. Asia-Pacific was the largest region in the cash logistics market in 2022. The regions covered in the cash logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cash logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The cash logistics market includes revenues earned by entities by administering, delivering, and securing the funds primarily by removing risks and exposing them to the public. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The cash logistics market research report is one of a series of new reports from The Business Research Company that provides cash logistics market statistics, including cash logistics industry global market size, regional shares, competitors with a cash logistics market share, detailed cash logistics market segments, market trends and opportunities, and any further data you may need to thrive in the cash logistics industry. This cash logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Hyperloop technology refers to ultra-high-speed ground transportation technology for passenger and goods transportation. The transportation system consists of sealed or partially evacuated tubes connecting mobility hubs in metropolitan areas through pressurized vehicles, which are referred to as pods. The main types of hyperloop transport system includes capsule, guideway, propulsion system, and route, and they are used for passenger and freight transportation. The capsule segment consists of sales of capsule-based hyperloop technology products by entities (organizations, sole proprietors, partnerships) that refers to hyperloop technology products, which consists of a passenger pods or capsules and move via a tube that is either above or below ground. Pumps remove most, but not all, of the air from the tubes to reduce friction. Overcoming air resistance is one of the most energy-intensive aspects of high-speed transportation. These transportation systems travel at a speed of less than 700 kmph and more than 700 kmph. The global hyperloop technology market is segmented – 1) By Transportation System: Capsule, Guideway, Propulsion System, Route 2) By Carriage Type: Passenger, Cargo/Freight 3) By Speed: More than 700 kmph, Less than 700 kmph The global hyperloop technology market size will grow from $1.06 billion in 2022 to $1.51 billion in 2023 at a compound annual growth rate (CAGR) of 42.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of hyperloop technology market is expected to grow to $6.13 billion in 2027 at a CAGR of 42.0%. The rise in demand for a faster mode of transportation has propelled the growth of the hyperloop technology market. The Hyperloop system contains sealed and partially evacuated tubes that connect mobility hubs in large metropolitan areas, as well as pressurized vehicles, commonly referred to as pods, that can travel at high speeds. Contactless levitation and propulsion methods, as well as reduced aerodynamic drag, make this possible. Passengers may travel from city to city in less than 45 minutes, at a top speed of 760 mph, using this hyperloop technology. For instance, Virgin Hyperloop stated in November 2021 that the Pegasus passenger-carrying vehicle would make its public premiere at the Smithsonian Arts and Industries Building. Between November and July 2022, visitors will be able to witness the Pegasus vehicle at the Futures exhibition. Because of the increased desire for faster modes of transportation, the demand for hyperloop technology is expected to boost during the forecast period. Major players in the hyperloop technology market are AECOM, Dinclix Groundworks. (DGW Hyperloop), Hyperloop One, Inc., Hyperloop Transportation Technologies, Space Exploration Technologies Corp., Transpod Inc., Zeleros, Dinclix GroundWorks, Hyperloop India, Tesla, Inc., Uwashington Hyperloop, VicHyper, Arrivo Corporation, Hardt Global Mobility, and The Boring Company. Strategic collaboration between companies is a key trend gaining popularity in the Hyperloop technology market. Companies that are developing hyperloop technology are undergoing partnerships and collaboration to develop new technologies. For instance, in February 2020 Saudi Arabia announced an agreement with Virgin Hyperloop to conduct a study on the use of hyperloop technology for the transport of passengers and cargo in the country. It added that under a deal with Virgin Hyperloop One (VHO), the world's leading hyperloop firm, a revolutionary pre-feasibility study on the usage of hyperloop technology would be completed, laying the framework for a network of hyperloop routes across Saudi Arabia. With the capacity to travel from Riyadh to Jeddah in 46 minutes, Neom from Jeddah in 40 minutes, Riyadh to Dammam and Jubail in 28 minutes, and beyond the Kingdom, Riyadh to Abu Dhabi in 48 minutes, the Kingdom is well connected to the Gulf.The increase in these agreements between the governments and companies for the development of hyperloop technology will help for the Development of this industry. R&D and testing investments are a key trend gaining popularity in the hyperloop technology market. The companies developing hyperloop technology products are increasing investing development of innovative technology with great operational potential and testing of developed products to their existing products into commercialization. For instance, in April 2022, TransPod, a Canada-based developer of hyper technology received $550 million in funding from UK’s Broughton Capital Group and China-state owned China-East Resources Import and export company, which would be used for the construction of the project. North America was the largest region in the hyperloop technology market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the hyperloop technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hyperloop technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The hyperloop technology market include revenues earned by entities by pods and tubes. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hyperloop technology market research report is one of a series of new reports from The Business Research Company that provides hyperloop technology market statistics, including hyperloop technology industry global market size, regional shares, competitors with a hyperloop technology market share, detailed hyperloop technology market segments, market trends and opportunities, and any further data you may need to thrive in the hyperloop technology industry. This hyperloop technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Services refer to transactions between a buyer and a seller without transferring any physical goods or commodities, involving the use of resources, experience, skill, ingenuity, and intelligence. It mainly involves the use of resources, experience, skill, ingenuity, and intelligence. The main types of services include Civic Services, Real Estate, Leasing, Commercial Services, Personal Services, and Repair and Maintenance. Civic service is defined as a structured period of significant engagement and commitment to the local, national, or international community that is acknowledged and recognized by society, with little or no monetary recompense to the individual. The components including hardware, software, and service. The different modes include online and offline. The global services market is segmented - 1) By Type: Civic Services, Real Estate, Leasing, Commercial Services, Personal Services, Repair and Maintenance 2) By Component: Hardware, Software, Service 2) By Mode: Online, Offline Subsegments Covered: Religious Organizations, NGOs And Charitable Organizations, Political Organizations, Unions And Associations, Real Estate Rental, Real Estate Agency and Brokerage, Automotive Equipment Leasing, Consumer Goods And General Rental Centers, Machinery Leasing, Lessors Of Nonfinancial Intangible Assets, Office Administrative Services, Facilities Support Services, Employment Services, Business Support Services, Travel Arrangement And Reservation Services, Waste Management And Remediation Services, Investigation And Security Services, Services to Buildings And Dwellings, Other Support Services,, Personal Care Services, Death Care Services, Dry-Cleaning And Laundry Services, Other Personal Services, Private Household Services, Automotive Repair and Maintenance, Commercial and Industrial Machinery and Equipment Repair and Maintenance, Electronic and Precision Equipment Repair and Maintenance, Personal Goods Repair And Maintenance The global services market size will grow from $13,978.41 billion in 2022 to $15,223.84 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of services market is expected to grow to $20,650.56 billion in 2027 at a CAGR of 7.9%. Rapid advances in technology are expected to drive innovation in different sectors of the services industry, thus driving the market during the forecast period. Areas of rapid technological change included electronic equipment, automobiles, and electronics, which in turn will lead to an increase in services for that equipment. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are increasingly being used, resulting in higher productivity, lower operating costs, and higher margins. Lower operating costs lead to higher margins, this allows companies to increase product portfolio and enter new markets by making investments made through cost savings. IoT applications are also being integrated into services to enable services such as remote monitoring, and central feedback systems, and to offer other services. These factors are expected to drive the services market going forward. Major companies in the services market report include BCD Travel, Enterprise Holdings Inc., Randstad Holding NV, Adecco Group, Travel Leaders Group, TUI Group, Recruit Holdings, ManpowerGroup Inc., Berkshire Hathaway Inc., and Waste Management Inc. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the services market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lockdown' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the services market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. With companies focusing on core business operations, automated billing systems are widely being used to minimize billing errors and reduce costs. Automated systems generate and send electronic copies of invoices directly to customers. Automated billing systems can result in savings of 60-80% compared to traditional paper-based billing systems. Automated billing systems also enable tracking of unpaid bills, automating payment reminders and recurring invoices, managing discounts, and coupons, and creating of customized invoices. These systems also generate real-time reports on sales, orders, and budgets that help track business performance. Some of the popular automated billing systems include Zoho Invoice, QuickBooks, Invoice2go, and Intacct. Asia-Pacific was the largest region in the services market in 2022. North America was the second-largest region in the services market share. The regions covered in the services market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The services market consists of revenue earned by entities by providing services to equipment and machinery repairing, promoting or administering religious activities, grant making, advocacy, and providing dry-cleaning and laundry services, personal care services, death care services, pet care services, photofinishing services, and temporary parking services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The services market research report is one of a series of new reports from The Business Research Company that provides services market statistics, including services industry global market size, regional shares, competitors with a services market share, detailed services market segments, market trends, and opportunities, and any further data you may need to thrive in the services industry. This services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.