Global Furniture Logistics Market
Global Furniture Logistics Market Size By Type, By Application, By Competitive Landscape, By Geographic Scope And Forecast
According to Verified Market Research, The Global Furniture Logistics Market was valued at USD 90,137.0 Million in 2018 and is projected to reach USD 1,29,875.3 Million by 2026, growing at a CAGR of 4.76% from 2019 to 2026.
Furniture Logistics can be defined as the use of logistics in the furniture industry for the management of the way resources are acquired, stored, and moved to various end-users. Using logistics provides the furniture industry with a continuous supply of various furniture from suppliers and distributors in different locations. It is also possible that at times, a company might choose to outsource its logistics operations if it is deemed to be able to bring down the total cost of the operation.
One of the most widely outsourced services in the furniture logistics industry is the transportation service which requires a high amount of both expertise as well as investment in order to carry out. There are multiple advantages that involve the implementation of furniture logistics such as network planning and optimization, project logistics, cargo insurance, freight forwarding, and customs brokerage. Several factors are driving the global furniture logistics market.
The growth of the e-commerce market depends on support from the logistics and transportation industry as it plays an important role in providing warehousing infrastructure, and making goods and services available to customers from the manufacturing facilities. Other factors driving the growth of the market are growth in the real estate industry, cost savings by availing logistics services and focus on core competencies.
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