Contract Logistics Market By Service (Transportation, Warehousing, Distribution, Aftermarket Logistics), By Type (Insourcing, Outsourcing), By Industry Vertical (Retail, E-Commerce, Aerospace, Automotive, Industrial, High-tech, Pharma and healthcare, Others), By Mode of Transportation (Railways, Airways, Roadways, Waterways): Global Opportunity Analysis and Industry Forecast, 2022-2031
Contract logistics includes a long-term partnership that comprises a variety of services, from the transportation of goods or replacement parts to the delivery of goods to the ultimate customer. This includes the tools required for the variety of services provided, including warehouses, staff, appropriate equipment, dispatch follow-up, stock management, and after-sales services. The growing adoption of multimodal transportation along with the rise in international retailing is the primary factor for the growth of the logistics market in the retail sector. In addition, the innovative last-mile delivery mechanism in the retail e-commerce market is expected to accelerate the retail logistics industry. Moreover, the growing disposable income coupled with the increasing purchasing power of consumers is expected to drive the demand for retail logistics services, thereby boosting the logistics market in the retail segment. Furthermore, the growing e-commerce industry, increasing usage of smartphones, and rapid internet penetration are anticipated to fuel the growth of the logistics market. For instance, in August 2020, Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited, acquired the retail, wholesale business, logistics, and warehousing business of Future Group, an Indian conglomerate company, to strengthen the retail, wholesale, and supply chain business of Reliance’s retail business.
The e-commerce industry contract logistics is driven by several factors, including increase in demand for online shopping, the need for faster & more flexible fulfillment options, and the trend toward outsourcing logistics functions to specialized providers. Moreover, the e-commerce industry is projected to have a prominent impact on the growth of the market due to improved relationships between suppliers & customers, which has fueled the growth of the market. In addition, the introduction of business analytics has assisted logistics professionals to increase the speed and efficiency of the work process that has proved to be a factor supplementing the growth of the segment in the global market.
As the demand for specific processes along the value chain and comprehensive services is growing, contract logistics is becoming the ideal solution for companies. The Western European region dominates the Europe market by taking more than three-fourths of the market, with Germany accounting for the major share. However, countries in the Central and Eastern Europe regions are expected to achieve high growth in the future. As of 2020, the program called ‘Move to 4.0’ was launched to support the transformation of existing manufacturing companies in Europe by diversifying or transforming their businesses through innovative technologies and new business models.
The market is segmented on the basis of service, type, industry vertical, mode of transportation, and region. By service, the market is divided into transportation, warehousing, distribution, and aftermarket logistics. By type, it is bifurcated into insourcing and outsourcing. By industry vertical, it is categorized into retail, e-commerce, aerospace, automotive, industrial, high-tech, pharma & healthcare, and others. By mode of transportation, it is classified into railways, airways, roadways, and waterways. By region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of the Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The leading players that operate in the contract logistics market are A.P. Moller - Maersk, Agility, CEVA Logistics AG, CJ Logistics Corporation, DB Schenker, Deutsche Post AG, DSV, GEODIS, Hellmann Worldwide Logistics, Logisteed, Ltd., Kuehne+Nagel International AG, Neovia Logistics Services, LLC, Penske, Ryder System, Inc., United Parcel Service, Inc. (UPS), XPO Logistics, Inc., and Yusen Logistics Co., Ltd.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the contract logistics market analysis from 2021 to 2031 to identify the prevailing contract logistics market opportunities.
This study presents analytical depiction of the global contract logistics market analysis along with current trends and future estimations to depict imminent investment pockets.
The overall contract logistics market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global contract logistics market with a detailed impact analysis.
The current contract logistics market is quantitatively analyzed from 2022 to 2031 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the contract logistics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global contract logistics market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy ServiceTransportation
Warehousing
Distribution
Aftermarket Logistics
By TypeInsourcing
Outsourcing
By Industry VerticalAerospace
Automotive
Industrial
High-tech
Pharma and healthcare
Others
Retail
E-Commerce
By Mode of TransportationRailways
Airways
Roadways
Waterways
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
A.P. Moller - Maersk
Hellmann Worldwide Logistics
CEVA LOGISTICS
YUSEN LOGISTICS CO., LTD.
CJ Logistics Corporation
Deutsche Post AG
Agility
DB Schenker
DSV
Penske
LOGISTEED, Ltd.
Kuehne Nagel
Neovia Logistics Services, LLC.
Ryder System, Inc.
GEODIS
XPO Logistics Inc.
United Parcel Service of America, Inc.
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