iCrowd Newswire - May 26, 2020
The Global Cross Docking Services Market is estimated to grow at a healthy growth rate during the forecast period 2020-2025.
Cross docking is a process that involve transfer of goods from an inbound carrier to an outbound carrier, without the actual entry or goods and products in the warehouse or at any storage facility. Cross docking facility support the businesses that require to move heavy volume goods in quick and accurate manner to move the product fast and cuts the cost of storage facility by using less number of labours for good movement, less warehouse space and reduces brick-and-mortar costs.
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Cross docking is increasingly in demand owing to lack of fulfilment, distribution models and outdated strategies of traditional warehousing systems. On the other hand, the cross-docking system use the advanced business systems and required technology to manage JIT (just-in-time) shipping process and promotes a flow-through supply-chain pipeline by expediting customer orders and reliance on inventory buffers. Moreover, numerous companies are also opting for 3PL to manage a part of crossdocking operation
Segmentation Overview of the Global Cross Docking Services Market
The global cross docking services market is segmented on the basis of service type and end-user segment. The major market segments are further categorized into various sub-segments to study the market in detail.
The Service Type Segment of the Global Cross Docking Services Market is Sub-Segmented into:
- Manufacturing Cross Docking
- Distributor Cross Docking
- Transportation Cross Docking
- Retail Cross Docking
- Opportunistic Cross Docking
The End User Segment of the Global Cross Docking Services Market is Sub-Segmented into:
- E-Commerce & Retail
- Healthcare & Pharmaceuticals
- Food & Beverages
- Defence & Aerospace
- Industrial Manufacturing
- Paper, Pulp & Rubber
- Others (Chemical, Textile, etc.)
Geographical Overview of the Global Cross Docking Services Market
The global cross docking services market is segmented on the basis of various geographical regions, such as:
- North America (Canada, U.S.)
- Europe (Germany, France, UK, Italy, Spain, and Rest of Europe)
- Asia Pacific (Japan, China, India, South Korea and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (UAE, Saudi Arabia, Rest of MEA)
As per the analysis, the North America cross docking services market is estimated to witness significant growth during the forecast period. The regional dominance is attributed to increasing adoption of digital technologies in the logistics industry. Whereas, the Asia-Pacific cross docking services market is estimated to witness the fastest growth during the forecast period. The regional growth is majorly attributed to large volume of trade shipment from the region.
Impact of COVID-19 on Supply Chain Considering the Retail Segment
Supply chain across various industrial sectors are highly impacted by COVID-19 pandemic. The retail sector host various market challenges due to COVID-19 related to transportation and distribution as integral components. In the retail segment, retailers are majorly dependent in short-term storage solutions. Also, some other major market players are majorly focusing on deployment of cross-docking services. Analysing on the regional basis, the Asia-Pacific, specifically China retail market have significantly impacted in the Q1 2020 due to the sudden outbreak of COVID-19 in Wuhan. However, the regional market is estimated to gain a constant pace by the end of the Q2 2020. Hence, the demand for cross-docking services are likely to witness the significant growth over the forecast period.
Key Players Insights
The research report compiled by Report Ocean includes detailed analysis of companies that are operating in the global cross docking services market. Some of the key companies are Cannon Hill Logistics, World Distribution Services, Kanban Logistics, Delivery Lane Express, Inc., Kane Is Able, Inc., Deutsche Bahn Group, Toll Holdings Limited, Saddle Creek Logistics Services, Kenco Group, J.B. Hunt Transport Services, XPO Logistics, Schneider Electric SE and CEVA Logistics (A CMA CGM Company).
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Keywords: Cross Docking Services Market