Skip to Content

Blog Archives

Worldwide Freight Forwarding Industry to 2026 – Asia-Pacific is Anticipated to Witness High Growth


Dublin, June 10, 2021 (GLOBE NEWSWIRE) — The “Freight Forwarding Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The global freight forwarding market is expected to grow steadily with a CAGR of more than 4% during the forecast period. The growth in international trade volumes is a major driver for the freight forwarding market. Moreover, the rise in trade agreements between countries is also contributing to the growth of the market. Asia-Pacific is the fastest growing and the largest market for freight forwarding, with the Chinese freight forwarding market holding the maximum share.

Being non-asset based, the sector is facing high competition from other players in supply chain and technology-based companies which are disrupting the freight forwarding market. The market is one of the sectors that were hit the hardest by the COVID-19 outbreak in 2020. With the lockdown in many countries and a major focus on the production of essential products, the volumes of air and ocean freight have fallen significantly in 2020. However, the market is now recovering backed by the manufacturing and e-commerce industries; especially the air freight forwarding market with significant thrust during the period as reported by the International Air Transport Association (IATA) in January 2021.

Key Market Trends

Sea Freight Forwarding to experience high growth rate through the forecast period

The global sea freight forwarding market is booming, owing to the growing internet penetration, increasing purchasing power parity, developments in infrastructure (ports, containers, and ships with new technologies), and services designed particularly for the e-commerce industry.

Sea freight forwarding is preferred by several end-user industries, and several strategic partnerships are also likely to promote the growth of sea freight forwarding during the forecast period. The growing global cross border e-commerce market is also driving the less-than-container load (LCL) volume and is positively impacting the sea freight forwarding market growth.

Factors, such as the growing trade volume in European trade routes, the increasing container port throughput, and the rising number of FTAs will significantly drive sea freight forwarding market growth in this region during the forecast period.

Germany and the United Kingdom are the key markets for sea freight forwarding in Europe. Market growth in this region will be faster than the growth of the market in other regions.

Asia-Pacific is anticipated to witness high growth through the forecast period

The global logistics industry is going through an uncertain period due to COVID-19. The Asia-Pacific market is one of the few regions that are still growing despite the pandemic.

For the freight and logistics market, Asia-Pacific is the fastest-growing region, globally. This is due to the increasing logistics in ASEAN countries and the presence of major economies, like China and India. Additionally, the high government support for the logistics sector in the region is also a factor boosting the industry growth.

China is the largest manufacturer in the region and in the world, with an increasing demand for pharmaceutical products and essentials. China reopened its factories way before other countries, as a result, it is still leading the freight forwarding market, globally.

Also, leading countries in the region are observing faster technological integration in the logistics process. In India, 80% of freight moves by road, and the trucking industry is adopting industry-leading tracking technology to trace and predict the exact delivery times. Thailand is incorporating IBM and Maersk’s blockchain project to streamline its shipment monitoring processes.

Competitive Landscape

The global freight forwarding market is made up of large number of players. However, the top 20 players dominate the market accounting for more than 50% of the total market. Leading players in the market include DHL Global Forwarding, Kuehne + Nagel International AG, DB Schenker, DSV and Expeditors International.

As the freight forwarding market is growing steadily and there exists abundant opportunity, the players need to embrace technologies, become more digitized, and increase the scale and efficiency of their operations. Having a strong network spanning across the globe is important for companies. As the industry is highly competitive and witnessing huge transformations, the companies need to develop specialized solutions to improve customer experience.

Companies are constantly under pressure to minimize cost and optimize operational efficiency. In the wake of investment shifts and diversification of global supply chains, international investors are increasingly interested in mergers and acquisitions in the ASEAN logistics market. Global logistics companies have been expanding in the ASEAN region, because of the increase in commerce and trade activities. As such, investment opportunities for the sector have been increasing accordingly.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Value Chain/Supply Chain Analysis
4.3 Government Regulations and Initiatives
4.4 Technological Trends and insights on E-Freight Forwarding Market
4.5 Insights on E-Commerce Industry in the Region (Domestic and Cross-Border)
4.6 Spotlight – Freight Transportation Costs/Freight Rates
4.7 Brief on Freight Transport Corridors
4.8 Impact of COVID-19 on the Freight Forwarding Market

5 MARKET DYNAMICS
5.1 Market Drivers
5.2 Market Restraints/Challenges
5.3 Market Opportunities
5.4 Industry Attractiveness – Porter’s Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitute Products
5.4.3 Bargaining Power of Buyers/Consumers
5.4.4 Bargaining Power of Suppliers
5.4.5 Intensity of Competitive Rivalry

6 MARKET SEGMENTATION
6.1 By Mode
6.1.1 Air Freight Forwarding
6.1.2 Sea Freight Forwarding
6.2 By Geography
6.2.1 North America
6.2.1.1 United States
6.2.1.2 Canada
6.2.1.3 Mexico
6.2.2 Europe
6.2.2.1 Germany
6.2.2.2 France
6.2.2.3 United Kingdom
6.2.2.4 Netherlands
6.2.2.5 Italy
6.2.2.6 Rest of Europe
6.2.3 Asia-Pacific
6.2.3.1 China
6.2.3.2 Japan
6.2.3.3 Australia
6.2.3.4 India
6.2.3.5 Singapore
6.2.3.6 Malaysia
6.2.3.7 Indonesia
6.2.3.8 Vietnam
6.2.3.9 South Korea
6.2.3.10 Rest of Asia-Pacific
6.2.4 South America
6.2.4.1 Brazil
6.2.4.2 Chile
6.2.4.3 Rest of South America
6.2.5 Middle East & Africa
6.2.5.1 South Africa
6.2.5.2 United Arab Emirates
6.2.5.3 Saudi Arabia
6.2.5.4 Qatar
6.2.5.5 Rest of Middle East & Africa

7 COMPETITIVE LANDSCAPE
7.1 Overview (Market Concentration, Major Players)
7.2 Company Profiles
7.2.1 DHL Supply Chain & Global Forwarding
7.2.2 Kuehne + Nagel International AG
7.2.3 DB Schenker
7.2.4 DSV
7.2.5 Sinotrans
7.2.6 Expeditors International
7.2.7 Nippon Express Co., Ltd.
7.2.8 CEVA Logistics
7.2.9 UPS Supply Chain Solutions
7.2.10 Kerry Logistics
7.2.11 Bollore Logistics
7.2.12 C.H.Robinson Worldwide Inc.
7.2.13 GEODIS
7.2.14 Yusen Logistics/NYK Logistics
7.2.15 Agility Logistics*

8 FUTURE OF THE MARKET

9 APPENDIX
9.1 Freight Volume Movement Statistics for Key Countries

For more information about this report visit https://www.researchandmarkets.com/r/pxkycg


        



LOGISTICS VIETNAM

0 0 Continue Reading →

Worldwide Express Delivery Industry to 2026 – Asia Pacific to Hold a Significant Share


Dublin, June 09, 2021 (GLOBE NEWSWIRE) — The “Global Express Delivery Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

Growth in the global express markets has been driven by strong domestic e-commerce sales. Domestic markets have been growing more quickly than international markets in most regions, but the gap is narrowing significantly in some regions. The gap in the domestic and international market is smaller in North America and Europe. In Europe, this is primarily due to the interconnectedness of the market and the lower barriers to international trade.

Domestic markets have proved capable of seizing on the opportunities that e-commerce brings. A number of issues remain for the international market: there are higher cost and delivery time associated with international parcels. Cross-border e-commerce is boosting the international express market, particularly prevalent in regions with high cross-border e-commerce volumes, such as the Asia Pacific and Europe.

Major players operating in the express delivery services have changed their business models with deeper engagement in customer relationship in order to provide a varied range of value-added services in domestic, cross border, and inter-regional trades. These include sorting and grading of products, packaging, picking, order processing through storage, management information systems (MIS), analytics services in mobile tracking applications, logistics supply chain, online tracking of parcels, e-mail alerts and SMS, and hub-to-spoke collection centers.

Key Market Trends

Growing E-commerce sector

Asia-Pacific and North America lead the regional totals for both retail and retail eCommerce sales. As reported in June 2020, Asia-Pacific accounts for 42.3%, North America 22.9%, and Western Europe makes up 16.2% of retail sales worldwide. For eCommerce, China’s dominance means that 62.6% of all digital sales in Asia-Pacific.

E-commerce continues to radically reshape how both B2C (business-to-consumer) and B2B (business-to-business) companies serve their customers. UPS (an American multinational package delivery and supply chain management company) estimated that global e-commerce sales will hit more than USD 6.7 trillion in 2025.

FedEx (an American multinational delivery services company) constantly tests and develops solutions to meet shipper needs as online platforms mature and customer demands such as how and when they want their goods delivered change. For Example, FedEx Extra Hours program and the FedEx Sameday Bot, an autonomous urban delivery vehicle.

Asia Pacific to hold a significant share of the Global Express Delivery Market

The Asia Pacific continues to cement its position as one of the world’s most important regions for express parcels. SingPost, Japan Post, and Australia Post are all investing heavily to expand their operations in the region. In addition, a raft of Chinese operators is seeking stock market listings in order to raise capital to grow.

The Asia Pacific is anticipated to be one of the largest express delivery markets due to the rise in e-commerce across China, India, etc. It is also expected to be the fastest-growing market during the forecast period.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain/Supply Chain Analysis
4.5 Porters Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Government Regulations and Initiatives
4.7 Technological Trends in Industry
4.8 Insights on the E-commerce Industry (Domestic and Cross-border E-commerce)
4.9 Impact of COVID-19 on the Market (short- and longterm effects on the market and economies in the region)

5 MARKET SEGMENTATION
5.1 By Business
5.1.1 B2B (Business-to-Business)
5.1.2 B2C (Business-to-Consumer)
5.2 By Destination
5.2.1 Domestic
5.2.2 International
5.3 By End User
5.3.1 Services (BFSI (Banking, Financial Services and Insurance))
5.3.2 Wholesale and Retail Trade (E-commerce)
5.3.3 Manufacturing, Construction, and Utilities
5.3.4 Primary Industries (Agriculture, and Other Natural Resources)
5.4 Geography
5.4.1 North America
5.4.1.1 US
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 South Korea
5.4.3.5 Vietnam
5.4.3.6 Malaysia
5.4.3.7 Thailand
5.4.3.8 Rest of Asia Pacific
5.4.4 Rest of the World

6 COMPETITIVE LANDSCAPE
6.1 Overview (Market Concentration and Major Players)
6.2 Company Profiles
6.2.1 Deutsche Post DHL Group
6.2.2 United Parcel Service Inc.
6.2.3 FedEx Corporation
6.2.4 SF Express (Group) Co. Ltd
6.2.5 FedEx
6.2.6 Nippon Express
6.2.7 Yamato Holdings Co. Ltd
6.2.8 Aramex PJSC
6.2.9 A-1 Express Delivery Service Inc
6.2.10 Hermes Europe GmbH
6.2.11 GO! Express & Logistics
6.2.12 Allied Express Transport Pty*
6.3 Other Companies (key information/overview)

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 APPENDIX

For more information about this report visit https://www.researchandmarkets.com/r/fxk736


        



LOGISTICS VIETNAM

0 0 Continue Reading →

Worldwide Coniferous Wood Fuel Industry to 2025 – Increase Profit Margins – ResearchAndMarkets.com


DUBLIN–(BUSINESS WIRE)–Mar 2, 2021–

The “World – Wood Fuel (Coniferous) – Market Analysis, Forecast, Size, Trends and Insights” report has been added to ResearchAndMarkets.com’s offering.

This report has been designed to provide an in-depth survey of the global coniferous wood fuel market. It outlines the latest data sets of quantitative medium-term perspectives, as well as developments in production, trade, consumption and prices. The report also includes a comparative analysis of the leading consuming countries, revealing opportunities opened for producers and exporters across the world. The forecast displays market prospects to 2025.

Countries coverage: Worldwide – the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries (United States, China, Japan, Germany, United Kingdom, France, Brazil, Italy, Russian Federation, India, Canada, Australia, Republic of Korea, Spain, Mexico, Indonesia, Netherlands, Turkey, Saudi Arabia, Switzerland, Sweden, Nigeria, Poland, Belgium, Argentina, Norway, Austria, Thailand, United Arab Emirates, Colombia, Denmark, South Africa, Malaysia, Israel, Singapore, Egypt, Philippines, Finland, Chile, Ireland, Pakistan, Greece, Portugal, Kazakhstan, Algeria, Czech Republic, Qatar, Peru, Romania, Vietnam) + the largest producing countries.

Data coverage:

Coniferous wood fuel market size and volume;
Coniferous wood fuel market trends and prospects;
Global coniferous wood fuel production and its dynamics;
Per capita consumption;
Breakdown of production by region and country;
Medium term outlook;
Coniferous wood fuel trade (exports/imports);
Prices for coniferous wood fuel;
Profiles of the main manufacturers.

The report will help you:

Get a bigger picture of the market;
Rewire your business around market trends;
Devise your marketing strategy;
Operate with increased effectiveness.





LOGISTICS VIETNAM

0 0 Continue Reading →

AIT Worldwide Logistics buys German forwarder Fiege – FreightWaves


AIT Worldwide Logistics on Monday announced a firm agreement to acquire German-based FIEGE Group’s international freight-forwarding division, the latest in a string of transactions implementing the company’s expansion strategy.

The move increases AIT’s global footprint by adding locations in Belgium, China, Germany, Italy, the Netherlands and Switzerland.

Itasca, Illinois-based AIT Worldwide provides a full suite of third-party logistics services, including international ocean and air freight management, customs clearance, domestic truck brokerage and warehousing. It specializes in supporting several industry verticals, including aerospace, automotive, e-commerce, health care and government agencies.

The privately held company has more than 1,100 employees and already operates offices in Canada, China, Hong Kong, Mexico, the Netherlands and Vietnam. The deal adds another 200 persons to the ranks.

AIT Worldwide has taken over five companies in the past three years. Last month, it bought U.K. custom home-delivery provider Panther Logistics

A large investment by Charlottesville, Virginia-based middle-market financial firm Quad-C in 2017 made possible AIT’s acquisition strategy, which is designed to grow the company’s sales, global footprint and technical capabilities.

In 2018, AIT Worldwide acquired perishables forwarder WorldFresh Express and last year it added ConneXion in the U.K. and Los Angeles-based Unitrans International Corp., its largest deal until that point.

Fiege Forwarding is also heavily involved in e-commerce, health care and industrial sectors, including emergency parts delivery for aircraft needing repair. The Fiege Group said it will focus on its core business of contract logistics. Last year, it had sales of 1.7 billion euros ($2 billion), 19,000 employees and 3.3 million square meters of warehouse space in 150 locations.

AIT and Fiege Forwarding have been partners for several years. Fiege said the merger gives it a larger presence in North America and Asia, helping to provide the scale customers seek.

“As a natural extension of our partnership, this acquisition will allow us to strategically expand our combined scope around the world. We share similar cultures and a like-minded business approach with a focus on growth and delivering expert solutions that drive a world-class customer experience,” AIT CEO and President Vaughn Moore said in a statement.

AIT said the Fiege network is complementary in China and Asia, with Fiege’s trade lanes focused on Europe, helping to diversify the company’s global offerings.

“As AIT has grown over the past several years, we’re serving more multinational customers with increasingly global supply chains. As a result of our newly expanded worldwide network, AIT now has full-time logistics professionals in more economic powerhouse locations than ever before,” said Keith Tholan, AIT’s chief operating officer. “With this acquisition, we have improved the alignment of AIT’s support in regions with the highest demand from our global customers.”

As part of the acquisition, Fiege Forwarding’s Michael Völlnagel has been appointed as AIT’s vice president of Europe. 

Fiege Forwarding this year has played a key role moving personal protective equipment from China to German hospitals under contract with the government.

The transaction is expected to be finalized by Dec. 31.Terms were not disclosed.

Click here for more FreightWaves/American Shipper stories by Eric Kulisch.

RELATED NEWS:

AIT Worldwide acquires UK white-glove delivery specialist

AIT Worldwide Logistics announces largest deal to date

AIT Worldwide CEO talks acquisition strategy

Face masks for German hospitals get police escort





LOGISTICS VIETNAM

0 0 Continue Reading →

Worldwide Testing, Inspection, & Certification Industry to 2025 – Featuring SGS Group, Bureau Veritas & Intertek Among Others


Dublin, Aug. 14, 2020 (GLOBE NEWSWIRE) — The “Testing, Inspection, & Certification Market with COVID-19 Impact Analysis by Offering (In-house & Outsourced Services), Application (Consumer Goods & Retail, Agriculture & Food, Chemicals, Energy & Power, Automotive, IT & Telecommunications) & Geography – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

The TIC market is expected to grow at a CAGR of 3.6% from USD 204.2 billion in 2020 to USD 243.7 billion.

Factors such as a surge in the illicit trade of counterfeit and pirated goods, the inclination toward outsourcing TIC services, and the high demand for testing services to ensure effective interoperability of connected devices and networks have led to increased demand for TIC services.

TIC market for certification services expected to grow at highest CAGR during the forecast period

There has been an increasing demand for certification services owing to the growing number of specified standards by governments and international standardization institutions. Certification demonstrates a company’s credibility in the market. To deliver credibility, companies in this market maintain extensive global accreditations and recognitions for certification services. As global markets grow and expand, consumers seek safe, reliable, and eco-conscious products. Certification services ensure product safety and performance attributes. Certification services mainly include customized audit and certification services with reference to quality, health & safety, environment, and social responsibility.

TIC market for outsourced services offering accounted for the largest share in 2020

The TIC market for outsourced services depends on factors such as the industry’s requirements and a country’s federal structure and administrative rules. Over time, these factors may have a significant impact on the market size, irrespective of the underlying macroeconomic conditions. The push toward outsourcing by manufacturing companies and, in specific instances, the privatization of state-owned laboratories will continue to be a strong factor driving the growth of the TIC market for outsourced services.

TIC market for agriculture and food application to grow at highest CAGR during the forecast period

The TIC market for agriculture and food application is expected to grow at the highest CAGR during the forecast period. TIC services for the agriculture industry are required to ensure quality and improve product efficiency. These services also support companies playing a crucial role in trading agricultural commodities and food products by acquiring international certifications. Moreover, changing regulations, especially in the agriculture space, across the world would drive the adoption of TIC services by manufacturers.

APAC is expected to be the fastest-growing market for TIC during the forecast period

The TIC market in APAC is projected to grow at the highest CAGR during the forecast period. The highest CAGR is the presence of giant manufacturing electronic companies in countries such as China, Japan, India, Vietnam, the Philippines, and Bangladesh. The domestic markets in APAC are growing rapidly owing to the rising per capita income among the middle-class population. Moreover, there is a growing consumer awareness about the importance of certification. TIC players are increasing their horizon by setting up their testing labs in the APAC countries as the potential of APAC countries on the overall various applications.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in TIC Market
4.2 TIC Market, by Service
4.3 TIC Market, by Application
4.4 TIC Market, by Agriculture and Food Application
4.5 TIC Market, by Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Surge in Illicit Trade of Counterfeit and Pirated Goods
5.2.1.2 Inclination Toward Outsourcing TIC Services
5.2.1.3 High Demand for Testing Services to Ensure Effective Interoperability of Connected Devices and Networks
5.2.1.4 Advancements in Networking and Communication Technologies
5.2.2 Restraints
5.2.2.1 Diverse Standards and Regulations Among Many Different Nations
5.2.3 Opportunities
5.2.3.1 Rise in Demand for TIC Services Globally
5.2.3.2 Growth Opportunities for Small and Medium-Sized Businesses
5.2.4 Challenges
5.2.4.1 Adoption of Advanced Technologies by Smaller TIC Players
5.3 Industry Trends
5.3.1 Value Chain Analysis
5.3.2 Key Industry Trends
5.3.3 Pest Analysis
5.3.3.1 Political Factors
5.3.3.2 Economic Factors
5.3.3.3 Social Factors
5.3.3.4 Technological Factors
5.4 Impact of COVID-19 on TIC Market
5.4.1 COVID Drivers
5.4.1.1 Increased Demand for TIC Services in Healthcare Industry
5.4.1.2 Rise in Adoption of TIC Services to Ensure Food Safety
5.4.2 Post-COVID Challenges
5.4.2.1 Post-COVID Challenges Faced by Testing, Inspection, and Certification Industry Players

6 TIC Market, by Service Type
6.1 Introduction
6.2 Impact of COVID-19 on Certification Services
6.3 Testing
6.3.1 Food and Drugs Testing Has Led to Increase in Demand for TIC Services
6.4 Inspection
6.4.1 Inspection Services Allow Products to Meet Industry Standards and Government Norms to Minimize Losses Due to Defective Products
6.5 Certification
6.5.1 Compliance to Ensure Marketability of Product is Achieved Through Certification Services
6.6 Others

7 TIC Market, by Sourcing Type
7.1 Introduction
7.2 Impact of COVID-19 on Outsourced Services
7.3 In-House Services
7.3.1 In-House Testing Services to Continue to Capture Larger Market Share During Forecast Period
7.4 Outsourced Services
7.4.1 Market for Outsourced Services to Grow at Higher CAGR During 2020-2025

8 TIC Market, by Application
8.1 Introduction
8.2 Impact of COVID-19 on Agriculture and Food
8.3 Consumer Goods and Retail
8.4 Agriculture and Food
8.5 Chemicals
8.6 Construction and Infrastructure
8.7 Energy & Power
8.7.1 Increasing Demand for Nuclear, Wind, and Solar Sources Propel TIC Market Growth
8.7.2 Energy Sources
8.7.2.1 Nuclear
8.7.2.2 Wind
8.7.2.3 Solar
8.7.2.4 Alternative Fuels
8.7.2.5 Fuel Oils and Gases
8.7.2.6 Coal
8.7.3 Power Generation
8.7.4 Power Distribution
8.7.5 Asset Integrity Management Services
8.7.6 Project Lifecycle Services
8.7.7 Others
8.8 Industrial and Manufacturing
8.9 Medical and Life Sciences
8.10 Mining
8.11 Oil & Gas and Petroleum
8.12 Public Sector
8.12.1 Product Conformity Assessment (PCA) Requires TIC Services to Ensure Products Meet Country-Level Regulations
8.12.2 Product Conformity Assessment Services
8.12.3 Monitoring Services
8.12.4 Valuation Services
8.12.5 Others
8.13 Automotive
8.13.1 Vehicle Inspection Services (Vis) in Automotive Industry Foster Growth of TIC Market
8.13.2 Electrical Systems and Components
8.13.3 Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems
8.13.4 Telematics
8.13.5 Fuels, Fluids, and Lubricants
8.13.6 Interior and Exterior Materials and Components
8.13.7 Vehicle Inspection Services (Vis)
8.13.8 Homologation Testing
8.13.9 Others
8.14 Aerospace
8.15 Marine
8.16 Railways
8.17 Supply Chain and Logistics
8.18 It and Telecom
8.19 Sports & Entertainment

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia-Pacific
9.5 Rest of the World

10 Competitive Landscape
10.1 Overview
10.2 Ranking Analysis: TIC Market
10.3 Competitive Leadership Mapping, 2019
10.3.1 Visionary Leaders
10.3.2 Dynamic Differentiators
10.3.3 Innovators
10.3.4 Emerging Companies
10.3.5 Strength of Service Portfolio
10.3.6 Business Strategy Excellence
10.4 Competitive Situation and Trends
10.4.1 Service Expansions
10.4.2 Service Launches and Developments
10.4.3 Acquisitions
10.4.4 Partnerships and Agreements

11 Company Profiles
11.1 Introduction
11.2 Key Players
11.2.1 Sgs Group
11.2.2 Bureau Veritas
11.2.3 Intertek
11.2.4 Dekra Se
11.2.5 Eurofins Scientific
11.2.6 Tv Sd
11.2.7 Dnv Gl
11.2.8 Tv Rheinland
11.2.9 Applus+
11.2.10 Als Limited
11.2.11 Tv Nord Group
11.2.12 Lloyd’S Register Group Limited
11.2.13 Mistras
11.2.14 Element Materials Technology
11.2.15 Ul LLC
11.3 Other Important Players and Associations
11.3.1 Irclass
11.3.2 Qs Testing
11.3.3 Thomas Bell-Wright International Consultants
11.3.4 TIC Sera
11.3.5 Hohenstein
11.3.6 Apave International
11.3.7 Sai Global
11.3.8 Astm International
11.3.9 Vde Testing Institute
11.3.10 Keystone Compliance
11.3.11 Washington Laboratories Ltd.
11.3.12 Force Technology
11.3.13 Kiwa Inspecta
11.3.14 Rina S.P.A.
11.3.15 Technick Inpekcia
11.3.16 Trk Loydu
11.3.17 Safety Assessment Federation (Safed)
11.3.18 Hv Technologies Inc.
11.4 Key Innovators
11.4.1 Avomeen Analytical Services
11.4.2 Envigo
11.4.3 Gateway Analytical
11.4.4 Medistri Sa

12 Adjacent and Related Markets
12.1 Introduction
12.2 Limitations
12.3 TIC Ecosystem and Interconnected Markets
12.4 Automotive TIC Market, by Application
12.4.1 Electrical Systems and Components
12.4.2 Electrical Vehicles, Hybrid Electric Vehicles, and Battery Systems
12.4.3 Telematics
12.4.4 Fuels, Fluids, and Lubricants
12.4.5 Interior and Exterior Materials and Components
12.4.6 Vehicle Inspection Services (Vis)
12.4.7 Homologation Testing
12.4.8 Others
12.5 Automotive TIC Market, by Region
12.5.1 North America
12.5.2 Europe
12.5.3 Apac
12.5.4 Row

13 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/7vhvqz

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900



LOGISTICS VIETNAM

0 0 Continue Reading →

Insights on the Worldwide Testing, Inspection, & Certification Market to 2025 – Featuring SGS Group, Bureau Veritas & Intertek Among Others


Dublin, June 09, 2020 (GLOBE NEWSWIRE) — The “Testing, Inspection, & Certification Market by Offering (In-house & Outsourced Services), Application (Consumer Goods & Retail, Agriculture & Food, Chemicals, Energy & Power, Automotive, IT & Telecommunications) & Geography – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

The global TIC market is likely to be worth USD 218.5 billion in 2020, comprising North America, APAC, Europe, and RoW. The TIC market is projected to grow at a CAGR of 4.65% from 2020 to 2025.

Factors such as a surge in the illicit trade of counterfeit and pirated goods, the inclination toward outsourcing TIC services, and the high demand for testing services to ensure effective interoperability of connected devices and networks have led to increased demand for TIC services.

TIC market for certification services expected to grow at highest CAGR during the forecast period

There has been an increasing demand for certification services owing to the growing number of specified standards by governments and international standardization institutions. Certification demonstrates a company’s credibility in the market. To deliver credibility, companies in this market maintain extensive global accreditations and recognitions for certification services. As global markets grow and expand, consumers seek safe, reliable, and eco-conscious products. Certification services ensure product safety and performance attributes. Certification services mainly include customized audit and certification services with reference to quality, health & safety, environment, and social responsibility.

TIC market for outsourced services offering accounted for the largest share in 2020

The TIC market for outsourced services depends on factors such as the industry’s requirements and a country’s federal structure and administrative rules. Over time, these factors may have a significant impact on the market size, irrespective of the underlying macroeconomic conditions. The push toward outsourcing by manufacturing companies and, in specific instances, the privatization of state-owned laboratories will continue to be a strong factor driving the growth of the TIC market for outsourced services.

TIC market for agriculture and food application to grow at highest CAGR during the forecast period

The TIC market for agriculture and food application is expected to grow at the highest CAGR during the forecast period. TIC services for the agriculture industry are required to ensure quality and improve product efficiency. These services also support companies playing a crucial role in trading agricultural commodities and food products by acquiring international certifications. Moreover, changing regulations, especially in the agriculture space, across the world would drive the adoption of TIC services by manufacturers.

APAC is expected to be the fastest-growing market for TIC during the forecast period

The TIC market in APAC is projected to grow at the highest CAGR during the forecast period. The highest CAGR is the presence of giant manufacturing electronic companies in countries such as China, Japan, India, Vietnam, the Philippines, and Bangladesh. The domestic markets in APAC are growing rapidly owing to the rising per capita income among the middle-class population. Moreover, there is a growing consumer awareness about the importance of certification. TIC players are increasing their horizon by setting up their testing labs in the APAC countries as the potential of APAC countries on the overall various applications.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in TIC Market
4.2 TIC Market, by Service
4.3 TIC Market, by Application
4.4 TIC Market, by Agriculture and Food Application
4.5 TIC Market, by Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Surge in Illicit Trade of Counterfeit and Pirated Goods
5.2.1.2 Inclination Toward Outsourcing TIC Services
5.2.1.3 High Demand for Testing Services to Ensure Effective Interoperability of Connected Devices and Networks
5.2.1.4 Advancements in Networking and Communication Technologies
5.2.2 Restraints
5.2.2.1 Diverse Standards and Regulations Among Many Different Nations
5.2.3 Opportunities
5.2.3.1 Rise in Demand for TIC Services Globally
5.2.3.2 Growth Opportunities for Small and Medium-Sized Businesses
5.2.4 Challenges
5.2.4.1 Adoption of Advanced Technologies by Smaller TIC Players
5.3 Industry Trends
5.3.1 Value Chain Analysis
5.3.2 Key Industry Trends
5.3.3 Pest Analysis
5.3.3.1 Political Factors
5.3.3.2 Economic Factors
5.3.3.3 Social Factors
5.3.3.4 Technological Factors
5.4 Impact of Covid-19 on TIC Market

6 TIC Market, by Service Type
6.1 Introduction
6.2 Testing
6.2.1 Food and Drugs Testing has Led to Increase in Demand for TIC Services
6.3 Inspection
6.3.1 Inspection Services Allow Products to Meet Industry Standards and Government Norms to Minimize Losses Due to Defective Products
6.4 Certification
6.4.1 Compliance to Ensure Marketability of Product Is Achieved Through Certification Services
6.5 Others

7 TIC Market, by Sourcing Type
7.1 Introduction
7.2 In-House Services
7.2.1 In-House Testing Services to Continue to Capture Larger Market Share During Forecast Period
7.3 Outsourced Services
7.3.1 Market for Outsourced Services to Grow at Higher CAGR During 2020-2025

8 TIC Market, by Application
8.1 Introduction
8.2 Consumer Goods and Retail
8.2.1 Strict Measures are Taken to Test and Certify Electrical and Electronic Products Within Consumer Goods and Retail Application
8.2.2 Personal Care and Beauty Products
8.2.3 Hard Goods
8.2.4 Softlines and Accessories
8.2.5 Toys and Juvenile Products
8.2.6 Electrical and Electronics
8.2.7 Others
8.3 Agriculture and Food
8.3.1 High Demand for Certified Food Products has Driven Market for TIC Services for Agriculture and Food Applications
8.3.2 Seeds and Crops
8.3.3 Fertilizers
8.3.4 Commodities
8.3.5 Food
8.3.6 Forestry
8.3.7 Others
8.4 Chemicals
8.4.1 Asset Integrity Management Services Ensure Productivity, Reliability, and Safety of Plant Assets
8.4.2 Asset Integrity Management Services
8.4.3 Project Lifecycle Services
8.4.4 Finished Product Services
8.4.5 Chemical Feedstock Services
8.4.6 Others
8.5 Construction and Infrastructure
8.5.1 Heavy Machinery Have to Underpass Testing and Inspection Before Their Commercialization Thereby Demand TIC Services
8.5.2 Project Management Services
8.5.3 Material Services
8.5.4 Construction Machinery and Equipment Services
8.5.5 Facilities Management and Inspection Services
8.5.6 Others
8.6 Energy & Power
8.6.1 Increasing Demand for Nuclear, Wind, and Solar Sources Propel TIC Market Growth
8.6.2 Energy Sources
8.6.2.1 Nuclear
8.6.2.2 Wind
8.6.2.3 Solar
8.6.2.4 Alternative Fuels
8.6.2.5 Fuel Oils and Gases
8.6.2.6 Coal
8.6.3 Power Generation
8.6.4 Power Distribution
8.6.5 Asset Integrity Management Services
8.6.6 Project Lifecycle Services
8.6.7 Others
8.7 Industrial and Manufacturing
8.7.1 TIC Services Play Critical Role in Quality, Conformity, and Safety of Industrial Products in Supply Chain of Industrial and Manufacturing Ecosystem
8.7.2 Supplier-Related Services
8.7.3 Production- and Product-Related Services
8.7.4 Project-Related Services
8.7.5 Others
8.8 Medical and Life Sciences
8.8.1 TIC Approved Advanced Medical Devices That Are in Demand Worldwide Drive Growth of Medical and Life Sciences Applications
8.8.2 Medical Devices
8.8.3 Health, Beauty, and Wellness
8.8.4 Clinical Services
8.8.5 Laboratory Services
8.8.6 Biopharmaceutical and Pharmaceutical Services
8.8.7 Others
8.9 Mining
8.9.1 Exploration Services and Production & Plant Services Contribute Significantly to Growth of TIC Market for Mining Application
8.9.2 Inspection and Sampling Services
8.9.3 Analytical Services
8.9.4 Exploration Services
8.9.5 Metallurgy and Process Design Services
8.9.6 Production and Plant Services
8.9.7 Site Operations and Closure Services
8.9.8 Project Risk Assessment and Mitigation Services
8.9.9 Others
8.10 Oil & Gas and Petroleum
8.10.1 Need for High-Quality Analytical Testing Services and Specialist Knowledge in Upstream Segment of Oil & Gas and Petroleum Application Accelerate Demand for TIC Services
8.10.2 Upstream
8.10.3 Downstream
8.10.4 Biofuels and Feedstock
8.10.5 Petrochemicals
8.10.6 Asset Integrity Management
8.10.7 Project Lifecycle
8.10.8 Others
8.11 Public Sector
8.11.1 Product Conformity Assessment (PCA) Require TIC Services to Ensure Products Meet Country-Level Regulations
8.11.2 Product Conformity Assessment Services
8.11.3 Monitoring Services
8.11.4 Valuation Services
8.11.5 Others
8.12 Automotive
8.12.1 Vehicle Inspection Services (Vis) in Automotive Industry Foster Growth of TIC Market
8.12.2 Electrical Systems and Components
8.12.3 Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems
8.12.4 Telematics
8.12.5 Fuels, Fluids, and Lubricants
8.12.6 Interior and Exterior Materials and Components
8.12.7 Vehicle Inspection Services (Vis)
8.12.8 Homologation Testing
8.12.9 Others
8.13 Aerospace
8.13.1 Flight Tests, Traceability-to-Certification Management, and Certification Within Aviation Management Application Play Important Role in Growth of TIC Market
8.13.2 Aerospace Manufacturing Services
8.13.3 Aviation Management Services
8.13.4 Others
8.14 Marine
8.14.1 TIC Services Play Vital Role in Marine Fuel System and Component Testing in Marine Applications
8.14.2 Marine Fuel System and Component Services
8.14.3 Ship Classification Services
8.14.4 Marine Material and Equipment Services
8.14.5 Others
8.15 Railways
8.15.1 Rail Construction and Production Monitoring Activities Augment Demand for TIC Services
8.15.2 Rail Construction and Production Monitoring
8.15.3 Infrastructure Management
8.15.4 Others
8.16 Supply Chain and Logistics
8.16.1 TIC Services Are Implemented in Supply Chain and Logistics Applications to Protect Packaging From Damage Or Degradation
8.16.2 Packaging & Handling
8.16.3 Risk Management
8.16.4 Others
8.17 IT and Telecom
8.17.1 Testing of Modules to Meet the Regulatory Requirements in IT and Telecom Sector Due to Variations in Country-Level Regulations Will Boost Demand for TIC Services
8.17.2 Telecom and IT Infrastructure Equipment
8.17.3 Modules and Devices
8.18 Sports & Entertainment
8.18.1 Threats of Product Recalls, and Injuries and Potential Fatalities Drive Demand for TIC Services in Sports & Entertainment Application
8.18.2 Sports Venues and Facilities
8.18.3 Sporting Goods and Protective Equipment

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 Rest of the World

10 Competitive Landscape
10.1 Overview
10.2 Ranking Analysis: TIC Market
10.3 Competitive Leadership Mapping, 2019
10.3.1 Visionary Leaders
10.3.2 Dynamic Differentiators
10.3.3 Innovators
10.3.4 Emerging Companies
10.3.5 Strength of Service Portfolio
10.3.6 Business Strategy Excellence
10.4 Competitive Situation and Trends
10.4.1 Expansions
10.4.2 Service Launches and Developments
10.4.3 Acquisitions
10.4.4 Partnerships

11 Company Profiles
11.1 Introduction
11.2 Key Players
11.2.1 SGS Group
11.2.2 Bureau Veritas
11.2.3 Intertek
11.2.4 Dekra Se
11.2.5 Eurofins Scientific
11.2.6 TV SD
11.2.7 Dnv Gl
11.2.8 Tv Rheinland
11.2.9 Applus+
11.2.10 ALS Limited
11.2.11 Tv Nord Group
11.2.12 Lloyd’s Register Group Limited
11.2.13 Mistras
11.2.14 Element Materials Technology
11.2.15 Ul Llc
11.3 Other Important Players and Associations
11.3.1 Irclass
11.3.2 Qs Testing
11.3.3 Thomas Bell-Wright International Consultants
11.3.4 TIC Sera
11.3.5 Hohenstein
11.3.6 Apave International
11.3.7 SAI Global
11.3.8 Astm International
11.3.9 Vde Testing Institute
11.3.10 Keystone Compliance
11.3.11 Washington Laboratories Ltd.
11.3.12 Force Technology
11.3.13 Kiwa Inspecta
11.3.14 Rina S.P.a.
11.3.15 Technick Inpekcia
11.3.16 Trk Loydu
11.3.17 Safety Assessment Federation (Safed)
11.3.18 HV Technologies Inc.
11.4 Key Innovators
11.4.1 Avomeen Analytical Services
11.4.2 Envigo
11.4.3 Gateway Analytical
11.4.4 Medistri SA

For more information about this report visit https://www.researchandmarkets.com/r/jmz1yk

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900



LOGISTICS VIETNAM

0 0 Continue Reading →

Worldwide Markets for Flavors and Fragrances, 2020-2025 – Overall Market Size, and Shares by Segments – ResearchAndMarkets.com


DUBLIN–()–The “Global Flavors and Fragrances Market (2020 Edition) – Analysis by Product, by End Use, by Region, by Country: Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)” report has been added to ResearchAndMarkets.com’s offering.

The Flavors and Fragrances Market was valued at USD 28,651.5 million in the year 2019.

Over the recent years, the Flavors and Fragrances market has been witnessing considerable growth driven by growing urbanization, promptly rising health consciousness, flavors and fragrance widely used in food and beverage market and daily chemicals for personal care and household products fine fragrance and beauty care.

The key factors driving the growth of the flavors and fragrance consumption is the expansions of application in the end-user industries that support the growth of the market over forecast period. The COVID-19 pandemic will have very low impact and that too because of the disruptions in the value chain in the short-term.

Among the products in the Flavors and Fragrances industry (Flavors and Fragrances), the Flavors are estimated to account for the largest share over the forecast period. Major factor which will drive the market for flavors is the changing lifestyle of consumers, increase in demand for convenience food and development of the global beverage industry in terms of packaging and safe logistics.

The Asia-Pacific Flavors and Fragrances Market will continue to be the largest market throughout the forecast period, majorly driven by large consumer base and increasing demand for the packaged food and natural and organic food products, changing lifestyle pattern in the region. Countries such as India, Indonesia, Vietnam, Brazil are a lucrative market for Flavors and Fragrances.

Scope of the Report

  • The report analyses the Flavors and Fragrances market by Value.
  • The report analyses the Flavors and Fragrances Market By Product (Flavors and Fragrances).
  • The report assesses the Flavors Market By End Use (Beverages, Savory Foods, Dairy, Confectionery & Bakery Products, Others)
  • The report assesses the Fragrances Market By End Use (Fine Fragrances, Cosmetics, Toiletries, Others).
  • The Global Flavors and Fragrances Market has been analysed By Region (North America, Europe, Asia Pacific) and By Country (U.S., Canada, U.K., Germany, France, Italy, China, Japan, India, South Korea).
  • The key insights of the report have been presented through the attractiveness of the market has been presented by region, By product, and by end use. Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
  • The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include – Givaudan, International Flavors & Fragrances (IFF), Symrise AG, Firmenich SA, Mane SA, Takasago International Corp., Sensient Technologies Corporation, Robertet Group, T. Hasegawa Co. Ltd., & Huabao International Holdings Ltd.
  • The report presents the analysis of Flavors and Fragrances market for the historical period of 2015-2019 and the forecast period of 2020-2025.

Key Topics Covered

1. Report Scope and Methodology

1.1 Scope of the Report

1.2 Research Methodology

1.3 Executive Summary

2. Strategic Recommendations

2.1 Focus on developing ingredients with value added benefits

2.2 Escalate the focus on the development of natural Ingredients

3. Global Flavors & Fragrances Market: Product Outlook

4. Global Flavors & Fragrances Market: Sizing and Forecast

4.1 Market Size, by Value, Year 2015-2025

5. Global Flavors & Fragrances Market Segmentation by Product (by Value)

5.1 Competitive Scenario of Global Flavors & Fragrances Market-by Product

5.2 Flavors-Market Size and Forecast (2020-2025)

5.3 Fragrances-Market Size and Forecast (2020-2025)

6. Global Flavors Market Segmentation by End Use (by Value)

6.1 Competitive Scenario of Global Flavors & Fragrances Market-by Flavors

6.2 Beverages-Market Size and Forecast (2020-2025)

6.3 Savory Foods-Market Size and Forecast (2020-2025)

6.4 Dairy-Market Size and Forecast (2020-2025)

6.5 Confectionery & Bakery Products-Market Size and Forecast (2020-2025)

6.6 Others-Market Size and Forecast (2020-2025)

7. Global Fragrances Market Segmentation by End Use (by Value)

7.1 Competitive Scenario of Global Flavors & Fragrances Market-by Fragrances

7.2 Fine Fragrances-Market Size and Forecast (2020-2025)

7.3 Cosmetics-Market Size and Forecast (2020-2025)

7.4 Toiletries-Market Size and Forecast (2020-2025)

7.5 Others-Market Size and Forecast (2020-2025)

8. Global Flavors & Fragrances Market: Regional Analysis

8.1 Competitive Scenario of Global Flavors & Fragrances: by Region

9. North America Flavors & Fragrances Market: An Analysis (2020-2025)

10. Europe Flavors & Fragrances Market: An Analysis (2020-2025)

11. APAC Flavors & Fragrances Market: An Analysis (2020-2025)

12. Global Flavors & Fragrances Market Dynamics

12.1 Global Flavors & Fragrances Market Drivers

12.2 Global Flavors & Fragrances Market Restraints

12.3 Global Flavors & Fragrances Market Trends

13. Market Attractiveness

13.1 Market Attractiveness Chart of Global Flavors & Fragrances Market-by Product (Year 2025)

13.2 Market Attractiveness Chart of Global Flavors & Fragrances Market-by End Use, Flavors (Year 2025)

13.3 Market Attractiveness Chart of Global Flavors & Fragrances Market-by End Use, Fragrances (Year 2025)

13.4 Market Attractiveness Chart of Global Flavors & Fragrances Market-by Region, by Value, (Year-2025)

14. Competitive Landscape

14.1 Global Market Share Analysis

14.1 USA Market Share Analysis

14.1 Japan Market Share Analysis

15. Company Profiles (Business Description, Financial Analysis, Business Strategy)

15.1 Givaudan

15.2 International Flavors & Fragrances (IFF)

15.3 Symrise AG

15.4 Firmenich SA

15.5 Mane SA

15.6 Takasago International Corp.

15.7 Sensient Technologies Corporation

15.8 Robertet Group

15.9 T. Hasegawa Co. Ltd.

15.10 Huabao International Holdings Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/7lngwz

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.



LOGISTICS VIETNAM

0 0 Continue Reading →
× Contact us at there !