Rise in multimodal logistics, e-com to boost growth

According to a recently published report by Allied Market Research, titled, “Warehousing and Distribution Logistics Market by End Use (Healthcare, Manufacturing, Aerospace, Telecommunication, Government and Public Utilities, Banking and Financial Services, Retail, Media and Entertainment, Trade and Transportation, and Others), rise in acceptance of multimodal transport system and surge in penetration of e-commerce tools across the globe will boost the growth of the global warehousing and distribution logistics market. Furthermore, breakthroughs in last-mile delivery mechanism in retail & e-commerce sector will boost the global market trends. Nevertheless, lack of control of logistics manufacturers on service delivery of logistics can impede the growth of the global market. The report also suggests, the global automotive Ethernet industry was estimated at $12,019 billion in 2021, and is set to reach $25,788.7 billion by 2031, growing at a CAGR of 7.7% from 2022 to 2031.