Albany, NY -- (SBWIRE) -- 10/20/2016 -- Logistics is an important element of supply chain management (SCM). It includes the transportation, storage, and distribution of goods from the point of origin to the destination. Customers outsource their logistics and transportation functions to service providers that specialize in handling logistics functions like freight and forwarding, transportation, and warehousing. In addition, these providers also offer various value-added services related to logistics like packaging. Economic growth across industries including fast moving consumer goods (FMCG) and automobile and auto components increases the demand for logistics services in APAC.

The logistics market in APAC to grow at a CAGR of 13.08% during the period 2016-2020. The report covers the present scenario and the growth prospects of the Logistics Market in the APAC Region 2016-2020. To calculate the market size, the report considers the revenue generated from different industries served by the contract logistic providers.

The market is divided into the following segments based on the type of logistics:
- Second-party logistics (2PL)
- Third-party logistics (3PL)
- Fourth-party logistics (4PL)

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Technavio's report, Logistics Market in the APAC Region 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- CJ Korea Express
- Deutsche Post DHL
- Hitachi Transport System
- Sankyu
- Mitsubishi Logistics

Other prominent vendors
- Allcargo Logistics
- C.H. Robinson
- CEVA Logistics
- DB Schenker
- Gati
- Global Logistics Properties
- Hyundai Glovis
- Kerry Logistics
- Kuehne+Nagel
- Nippon Express
- Orix
- Prologis
- Sinotrans
- TCi

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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