Physical Internet Marketplace: A Mechanism for Achieving Global Logistics Sustainability

Market Research Future

Market Research Future

Increasing Support for Zero Emission Logistics to Accelerate Physical Internet (PI) Market Growth

New York, USA, June 07, 2022 (GLOBE NEWSWIRE) – Physical Internet Market Overview:

According to a comprehensive Market Research Future Research Report (MRFR), “Physical Internet Market Analysis by Type, by Size of Organization, by Vertical, by Region – Forecast to 2050 “estimate is ready to grow at a healthy CAGR during the forecast period (2021–2050).

Scope of Physical Internet Market Report:

Growing support for zero-emission logistics will accelerate market growth over the forecast period. In terms of sustainability and efficiency, the Physical Internet is arguably the most ambitious concept in transportation logistics. It marks a significant shift in freight transportation and logistics, enabling resources and assets to be used much more efficiently. The PI is based on a thorough and methodical integration of network and flow of network principles. The Physical Internet promises seamless integration of logistics flows from various airlines (through enhanced merger and shared networks). In addition, to add value to a customer, the Physical Internet recommends pooling resources and assets into open, connected, and shared networks (i.e., connecting existing (business) network, resources, and capabilities) so that network partners and users can easily access them.

Report Metric

Details

Market Size

Significant Value

CAGR

Great CAGR

Basic Year

2020

Forecast Period

2021-2050

Historical Data

2019

Predictive Units

Value (million USD)

Report Coverage

Income Forecast, Competitive Landscape, Growth Factors and Trends

Covered Segments

Type, Component, Vertical, Application and Region

Geographies Covered

North America, Europe, Asia-Pacific and Rest of the World (RoW)

Key Vendors

Amazon.com Inc. (USA), UPS (USA), AmeriCold Logistics LLC (USA), Mercedes-Benz Group AG (Germany), SF Express Co. Ltd. (China), Yamato Logistics Ltd. (Hong Kong), DHL (Germany), FedEx Corporation (USA), Velove Bikes AB (Sweden), MIXMOVE (Norway)

Key Market Opportunities

Rising Profits of Physical Internet to Offer Robust Opportunities

Key Market Drivers

Increasing Support for Zero Emission Logistics to Accelerate Physical Internet (PI) Market Growth

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Physical Internet Market Drivers

Rising Profits of Physical Internet to Offer Robust Opportunities

The growing benefits of physical internet such as the improved quality of life of a truck driver, cheaper costs and a smooth and efficient freight transition will offer boosting opportunities for the market during the forecast period. The physical Internet is a diverse field of study and activity aimed at improving logistics operations to create more efficient, effective and long-lasting supply chains. The current way of transporting, storing and handling cargo is indeed unsustainable in terms of economy, environment and society. Inefficiency permeates almost every stage of our operations, from empty trucks going 50 to 100 miles to take their next loads to massive distribution centers that sit motionless for days or weeks at a time. The physical Internet (IP) offers a global logistics system that transports products in modular containers that are standard-sized across continents and platforms as quickly and easily as the Internet transmits digital information. This is the concept of the Physical Internet, which creates both enthusiasm and money in the logistics industry, especially in the EU.

It takes a Mental Change to PI to act as a Market Restriction
The need for a mental shift to PI (physical internet) can serve as a market constraint during the forecast period. The PI Market is growing rapidly and is likely to grow further as a result of many driving factors. However, due to the lack of understanding, the PI has a hard time contacting potential customers. Mental change is required at various levels, starting with retailers and shippers, who rely largely on the capabilities of freight forwarders and logistics service providers and who are less prescriptive and demanding on services, specialized assets and infrastructure in terms of how services are delivered, with a focus on service quality and level. To build on their assets, capabilities, and resources, freight forwarders and logistics service providers must openly offer access to services and rely on the solutions of other logistics networks by defining standard and common processes that will facilitate network and service interoperability.

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Physical Internet Market Segments

The global physical internet market is divided into type, component, organization and vertical.

By type, the physical Internet market is segmented into Logistics Nodes and Logistics Networks.

In terms of components, the physical Internet market is segmented into solutions (Asset Management, Warehouse Management, Transportation Management, Workforce Management, Cold Chain Management, Data and Analysis Management, Network and Security Management, Others) and services ( Planning and Consulting, Deployment and Integration). , Support & Maintenance).

In terms of organizational size, the physical internet market is segmented into Small and Medium Enterprises (SMEs) and Large Enterprises.

According to vertical, the physical internet market is segmented into Retail & E-Commerce, Transportation & Logistics, and Pharmaceuticals.

Physical Internet Market Regional Analysis

Europe to lead physical internet market
Europe is expected to contribute the largest market share in the world. Europe has been active and conscious in the creation of the PI since 2010. The ALICE, which is funded by the European Union, has included the Physical Internet in its loading systems. At European level, 2030 has been set as the target date for PI that would replace current logistics systems. It is scheduled to be fully operational in ten years, by 2040. Its operations will be analogous to the Internet, including data transfer protocols used in real-world transportation procedures. The area is also making good progress, with the most advanced IP-effective roadmap in the world, as well as a strong momentum of projects in France, Austria, Germany and the Netherlands.

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APAC Have Admirable Growth in Physical Internet Market
Over the projected period, Asia-Pacific is expected to be the fastest growing market in the global Physical Internet market, due to increasing internet penetration, rapid digital transformation, expanding use of 5G & 4G LTE services and other factors. In addition, Asia has significant expansion and innovation potential in the PI business.

COVID-19 Analysis
The COVID-19 epidemic has affected almost every business on earth. As a result, the impact on the logistics and transportation industries is large. The COVID-19 epidemic has had a direct impact on logistics companies, which handle freight traffic, flow and storage. Logistics organizations, as an important component of value chains inside and outside international borders, facilitate trade and commerce and help businesses deliver their products to customers. The disruption of the supply chain epidemic has affected the economic development, competitiveness and job creation of the sector. The transportation and logistics industry is particularly vulnerable to economic downturns. Companies are working hard to meet demand and adjust their portfolios, with commercial shipping carrying more than 80% of global trading volume. However, despite such a rebalancing and the projected increase in the need for logistics services once the coronavirus problems are resolved, the volumes of the shipping industry are expected to shrink by 20-25 percent. Several airlines are modifying their aircraft to allow their passenger flights to operate as freight aircraft to prevent deadly commercial disruptions.

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Physical Internet Market Competitive Analysis

Dominant Key Players on Physical Internet Market Coverage are:

  • Amazon.com Inc. (United States)

  • UPS (United States)

  • AmeriCold Logistics LLC (United States)

  • Mercedes-Benz Group AG (Germany)

  • SF Express Co. Ltd. (China)

  • Yamato Logistics Ltd. (Hong Kong)

  • DHL (Germany)

  • FedEx Corporation (United States)

  • Velove Bikes AB (Sweden)

  • MIXMOVE (Norway)

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