CONTRACT LOGISTICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The contract logistics market has witnessed significant growth in the last few years due to the rising outsourcing of logistics functions by companies. Contract logistics providers help businesses manage their supply chain operations through value added services like transportation, warehousing, distribution, packaging etc. This enables companies to focus on their core competencies while logistics activities are handled by specialized contract players. Outsourcing logistics functions to reliable third party providers helps lower costs and boost efficiency for businesses. Additionally, contract logistics players offer scalable solutions and technological expertise to clients, allowing them to effectively cater to dynamic market demands. The contract logistics market is expected to further grow steadily supported by trends like rapid e-commerce growth and increasing complexity in supply chain and logistic networks.

Market Dynamics:

The growth of the global contract logistics market is driven by factors like rising outsourcing of non-core activities by companies, growing e-commerce industry, changing demand-supply dynamics necessitating flexible logistics solutions. However, the market faces restraints from risks associated with over-reliance on third party providers and increased competition lowering margins. The market sees opportunities from emerging technologies enhancing supply chain visibility and automation improving operational efficiency. Additionally, expansion in sectors like pharmaceuticals and retail also provides potential opportunities.

Key features of the study:

• This report provides in-depth analysis of the global contract logistics market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global contract logistics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include CJ Logistics Corporation, Kuehne Nagel, Deutsche Post AG, Ryder System, Inc., A.P. Moller - Maersk, CEVA LOGISTICS, United Parcel Service of America, Inc., YUSEN LOGISTICS CO., LTD., DB Schenker, Penske, DSV, XPO Logistics Inc., LOGISTEED, Ltd., Neovia Logistics Services, LLC., Agility, GEODIS, Hellmann Worldwide Logistics
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global contract logistics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global contract logistics market.

Detailed Segmentation-

• By Service
  • Transportation
  • Warehousing
  • Distribution
  • Aftermarket Logistics
• By Type 
  • Insourcing
  • Outsourcing
• By Mode Of Transportation
  • Railways
  • Airways
  • Roadways
  • Waterways
•  By Industry Vertical
  • Aerospace
  • Automotive
  • Industrial
  • High-tech
  • Pharma and healthcare
  • Others
  • Retail
  • E-Commerce
• By Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players Insights
  • CJ Logistics Corporation
  • Kuehne Nagel
  • Deutsche Post AG
  • Ryder System, Inc.
  • A.P. Moller - Maersk
  • CEVA LOGISTICS
  • United Parcel Service of America, Inc.
  • YUSEN LOGISTICS CO., LTD.
  • DB Schenker
  • Penske
  • DSV
  • XPO Logistics Inc.
  • LOGISTEED, Ltd.
  • Neovia Logistics Services, LLC.
  • Agility
  • GEODIS
  • Hellmann Worldwide Logistics