Growing E-commerce Industry: In recent years e-commerce sector has been growing rapidly in Australia. Product assortment, convenience, and price competitiveness are encouraging a consumer shift to online purchasing in the country. As of today, the Australian E-Commerce market is the 11th largest in the world and ranks second on the global e-government index. This rising E-commerce penetration in the country is leading to E-commerce companies’ surge in demand for 3PL logistic providers and better warehousing infrastructure.
Improving Logistic Infrastructure: In recent years, the Australian Government is investing heavily in improving the infrastructure for Freight Forwarding and Warehousing Industries in the country. Since 2014, it has invested AU $70 Bn in transport infrastructure and AU $75 Bn in road repair/construction to promote the Australian logistics sector. Moreover, Major retailers are also upgrading their existing infrastructure & helping expand their operations with further investments. For Example, Amazon is planning to build a 200,000 sqm Fulfilment centre in Australia, and other major players such as Coles, Woolworths, and Marley spoon are expected to follow the suit.
COVID Impact on Logistics Industry: COVID-19 positively impacted the road freight industry of the country as demand for groceries and other essential goods increased by 40% during the lockdown in cities like Melbourne, Brisbane, Perth, and others. Moreover, Last mile services in Australia increased by more than 25% in the year 2020 due to restrictions for the public in states like New South Wales and Victoria.
Increasing International Trade: Australia has witnessed a large increase in its international trade over the year which is positively impacting its logistics industry. The trade balance increased from $ 165 Mn in 2016 to $ 51 Bn in 2020 due to increasing demand from trading partners in the booming economies of China and Southeast Asia. Moreover, 75% of Australia’s goods exports from the country went to China, Japan, the Republic of Korea, India, Hong Kong, Singapore, and Taiwan.
Analysts at Ken Research in their latest publication “Australian Logistics Market Outlook to 2025- Led by Growth in Road Freight Services and rising demand for Cold Storage Facilities”, the Australian Logistic Market has been evolving in the country due to factors such as increasing E-commerce penetration due to changing consumer patterns and increasing consumer expenditure; improving transportation and warehousing infrastructure due to multiple government projects; rising investment in technologies such as IoT, Big Data Open Data, AI, Automation and more; growing international trade with other major economies such as China, Japan, Republic of Korea, India and more. The market is expected to register a positive CAGR of 3.4% in terms of revenue during the forecast period 2020-2025.
Key Segments Covered: –
By Mode of Service- Freight Forwarding Market (Revenues)
Road Freight
Sea Freight
Rail Freight
Air Freight
By Type of Load- Freight Forwarding Market (Revenue and Volume)
LTL
FTL
By Business Model-Warehousing Market (Revenues)
Industrial Retail
Cold Storage
IFS/ICD
Agriculture
By End User-Warehousing Market (Revenues)
Food and Beverages
Pharmaceutical and Medical Devices
Textile and Footwear
Electronics
Chemicals
Others
By Regions-Warehousing Market (Space)
New South Wales
Sydney
Brisbane
Perth
By Service- Cold Chain Market (Revenues)
Cold Transportation
Cold Storage
By Temperature-Cold Chain Market (Revenues and Number of Pallets)
Freezers and Chillers
Ambient
By End User-Cold Chain Market (Revenues)
Food and Beverages
Meat and Seafood
Dairy Products
Pharmaceuticals
Bakery and Confectionery
Others
Companies Covered
(Freight Forwarding and Warehousing Companies)
Linfox
DB Schenker
SCT Logistics
CEVA Logistics
DHL Freight Forwarding
Panalpina
Bollore
Yusen Logistics
Aurizon Logistics
Toll Holdings
QLS Group
MJ Logistics
Qube Logistics
K & S Corporation
CTI Logistics
Freight Management Holdings (EFM)
Lindsay Australia
Wiseway Group
Mainfreight Limited
Kings Transport
Glen Cameron Group
Centurion
(Cold Storage Companies)
Cannon Logistics
Lineage Logistics
Karras Cold Logistics
Americold
Scott’s RL
OFE Refrigerated Transport
Minus1 Refrigerated Transport
Victoria Cold Storage
ACIT Group
Berle Transport
Laverton Cold Storage
Freezex Refrigerated Transport
QMC Logistics
Acacia Transport
ColdRex Transport
Key Target Audience
E-commerce Companies
Third-Party Logistic Providers
Potential Market Entrants
Freight Forwarding Companies
Warehousing Companies
Cold Storage Companies
Industry Associations
Consulting Agencies
Time Period Captured in the Report:-
Historical Period: 2015-2020
Forecast Period: 2020-2025
Key Topics Covered in the Report
Comprehensive analysis of Australia Logistics Market and its segments
Listed major players and their positioning in the market
Identified major industry developments in the last few years and assessed the future growth of the industry.
For More Information on the research report, refer to the below link: –
Future Growth of Australia Logistics Market Outlook
Related Reports by Ken Research: –
Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249