Contract Logistics Market Was Valued At USD 203.40 Billion In 2018 And Is Projected To Reach USD 296.52 Billion By 2026, Growing At A CAGR Of 4.80% From 2019 To 2026
Contract Logistics market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.
The movement of commodities from one location to another is referred to as logistics. The comprehensive procedure from production to distribution at the point of sale is referred to as contract logistics. It is a more comprehensive plan of action that incorporates supply chain management procedures with traditional logistics. Contract logistics businesses take care of tasks including developing and planning supply chains, building facilities, warehousing, delivering and distributing goods, processing orders and payments, collecting inventory, and even handling some aspects of customer support. This is the practise of assigning work related to resource management to outside service providers.
Market Overview:
It is projected that the expansion of the contract logistics market will be fueled by the rising government initiatives for economic diversification of energy-based businesses into sectors leading to infrastructure development, industrialization, and digitization. Contract logistics services are in high demand as a result of e-commerce. Several non-asset entrants and current companies are being drawn in by the booming e-commerce industry, increase in foreign direct investment, and better attention on risk management in the supply chains. This is a key factor in the increase in contract logistics revenue.
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Also, the manufacturing sector’s rapid expansion and focus on core competencies, the growing demand for job optimization, achieving cost efficiency, and technology supply chain integrations all help to drive market growth. The total growth of the contract logistics sector will be hampered by a number of restrictions and difficulties. The logistics database management is tough because of elements including potential misunderstandings that result in incorrect interpretations of facts, data, and information. The lack of experienced individuals who could comprehend and fix the issues to retain transparency causes the regional differences and the supply chain’s complexity to negatively affect the overall process. Budget restrictions are another possible hindrance to the market.
Due to the crucial role being played by variables including the greater concentration of material handling organisations, the Distribution service of Contract Logistics in the Market has grown at a notable rate over the past few years and in the projection term. It is anticipated that the segment’s Outsourcing sector would dominate Insourcing in terms of market share for Contract Logistics. Furthermore, it is projected that rising customer demand for new levels of comfort and security would drive up demand for contract logistics in the future.
Global Contract Logistics: Segmentations
Global Contract Logistics: Major Players
DB Schenker
SF Holding
Yusen Logistics
CJ Logistics
Neovia Logistics Services, LLC
GEODIS
XPO Logistics, Inc.
Deutsche Post AG
Kuehne + Nagel International AG
CEVA Logistics AG
Hitachi Transport System, Ltd.
Ryder System, Inc.
Bolloré Logistics
MOL Logistics
UPS Supply Chain Solutions
Global Contract Logistics: By Types
Insourcing
Outsourcing
Global Contract Logistics: By Applications
Transportation
Warehousing
Packaging Processes and Solutions
Distribution
Production Logistics
Aftermarket Logistics
Others
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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
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