Industry Background:
Contract logistics is the outsourcing of resource management responsibilities to a third-party company. Contract logistics businesses handle activities like designing & planning supply chains, designing facilities, warehousing, transporting as well as distributing goods, managing inventory, processing orders & collecting payments and even offering certain aspects of customer service. Contract logistics or system logistics, is also known as 3PL (3rd party logistics). Some of the key contracts logistics companies include UPS Supply Chain Solutions Inc, Kuehne + Nagel International AG, and DSV A/S. Growing trading activities owing to globalization is likely to impel growth of the global contract logistics market over near future.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | CEVA Logistics, Kuehne+Nagel, DB Schenker, LOGISTEED, Ltd., United Parcel Service of America, Inc., Ryder System, Inc., Agility, Hellmann Worldwide Logistics, XPO Logistics Inc., YUSEN LOGISTICS CO., LTD., CJ Logistics Corporation, GEODIS, DSV, Neovia Logistics Services, LLC, A.P. Moller – Maersk, Deutsche Post AG, Penske, Bollore Logistics, Allcargo Logistics, CH Robinson and Others |
According to AMA, the market for Contract Logistics is expected to register a CAGR of 7.1% during the forecast period to 2028. This growth is primarily driven by Increasing demand for special transport services necessitate new corporate strategies, Considerable investments on the part of logistics providers and Growing trading activities owing to globalization.
Globally, a noticeable market trend is evident Growing e-commerce industry & reverse logistics operations The Air Freight & Logistics sector in the Asia-Pacific region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as CEVA Logistics, Kuehne+Nagel, DB Schenker, LOGISTEED, Ltd., United Parcel Service of America, Inc., Ryder System, Inc., Agility, Hellmann Worldwide Logistics, XPO Logistics Inc., YUSEN LOGISTICS CO., LTD., CJ Logistics Corporation, GEODIS, DSV, Neovia Logistics Services, LLC, A.P. Moller – Maersk, Deutsche Post AG, Penske, Bollore Logistics, Allcargo Logistics, CH Robinson and Others, etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Influencing Trend:
Growing e-commerce industry & reverse logistics operations
Market Growth Drivers:
Increasing demand for special transport services necessitate new corporate strategies, Considerable investments on the part of logistics providers and Growing trading activities owing to globalization
Restraints:
The economic downturn
Opportunities:
Adoption of multi-modal system and Use of IT solutions and software
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Contract Logistics Market
- Analysis about New Entrants in Contract Logistics Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Contract Logistics Study Sheds Light on
The Contract Logistics Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Contract Logistics industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Contract Logistics industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.