The global glass logistics market research report by Technavio predicts the market to post a CAGR of more than 4% during the period 2018-2022.
A key driver for the glass logistics market is the growth of the glass industry. The increase in the demand for glass from various industries such as construction, automotive, and solar energy has promoted the growth of the global glass market significantly. Various types of glasses are used for different industrial applications. For instance, the automotive, construction, and solar energy industries use flat glass. Container glass is usually used in the pharmaceutical and food and beverage industries.
This global glass logistics market research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the use of automation in logistics will be one of the key trends in the glass logistics market:
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Global glass logistics market: Use of automation in logistics
During the forecast period, the adoption of automated logistics solutions such as automated trucks and automated guided vehicles is expected to increase. The profitability of trucking companies is being affected by the rising cost of fuel, maintenance, and labor. Hence, these companies have started investing in automated logistics solutions. The productivity, accuracy, and efficiency can be enhanced by using automated logistics solutions as there is a decrease in the possibility of human errors.
The automated logistics solutions are equipped with technologies such as RFID, barcodes, IoT, Big Data, sensors, AR, cloud computing, robotics, and other tracking devices. Some logistics companies have been adopting such technologies. However, the adoption of such technologies by logistics companies is at a nascent stage, says a senior analyst at Technavio for research on logistics.
Global glass logistics market: Segmentation analysis
This glass logistics market analysis report segments the market by service (transportation and warehousing and VAS) and geography (the Americas, APAC, and EMEA).
The transportation segment held the largest glass logistics market share in 2017, accounting for nearly 59% of the market. This segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with close to 56% of the market share, followed by the Americas and EMEA respectively. APAC is expected to dominate the market throughout the period 2018-2022.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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