Press release
Contract Logistics Market is estimated to reach US$ 298.8 Bn by 2025 | Key Profiling Kuehne + Nagel International AG, CEVA Logistics AG, DB Schenker, Hitachi Transport System, Geodis, Neovia Logistics Services, UPS Supply Chain Solutions
Global contract logistics market is expected to grow from US$ 203.9 Bn in 2017 to US$ 298.8 Bn by 2025 at a CAGR of 5.0% between 2018 and 2025.
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Contract logistics market operates in a highly fragmented industry with large number of local players capturing market place. Key players in the market are collaborating with other providers of contract logistics to gain high market share. The overall contract logistics market is fragmented with the presence of several large and small scale companies. Major players having significant market share are Deutsche Post AG, XPO Logistics Inc., Kuehne + Nagel International AG, CEVA Logistics AG, DB Schenker, Hitachi Transport System Ltd, Geodis, Neovia Logistics Services, UPS Supply Chain Solutions, and Ryder System.
What the report features:-
• Global analysis of Contract Logistics market from 2018 – 2025 illustrating the progression of the market.
• Forecast and analysis of Contract Logistics market by Dosage, Route of Administration and Application from 2018 – 2025
• Forecast and analysis of Contract Logistics market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America
Latest market study on "Contract Logistics Market to 2025 by Type (Outsourcing and Insourcing); Services (Transportation, Warehousing, Packaging Processes and Solutions, Distribution, Production Logistics, and Aftermarket Logistics); and End- user (Aerospace, Automotive, Consumer, High- Tech, Industrial, Pharma & Healthcare, and Retail); - Global Analysis and Forecast", the contract logistics market is estimated to reach US$ 298.8 Bn by 2025 from US$ 203.9 Bn in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
The advent of internet had taken global business markets by storm at the start of the 21st century. Countries and regions that realized its potentials have made most of the business opportunity provided by the internet and have been successful in improving their economies. With the rollout of internet, different business models were created and e- commerce is one such example. The E- commerce industry gathered pace in the early part of this decade with advancements in the internet infrastructures & speed, as well as increasing smartphones and internet penetration among the users. E- commerce sparked an upheaval in the consumers buying behavior and also changed the ways in which businesses interact with each other. As the global e- commerce market is heating up, varying buying patterns and trends have been observed in different countries of the region with regards to the product category preferred for online purchase.
Most of the buying is influenced by the demographics of the country such as the percentage of youth population indulging in e- commerce activity, the economy of the country, age group interested in e- commerce, and the level of awareness in the country. The categories the online shoppers most often purchase consist of electronics, apparel, accessories, and perfumes. Groceries, books, CDs, shopping for travel and entertainment are the things that are purchased online by customers globally. Fashion is currently the leading product category in many countries of the world, which is then followed by Electronics & Media.
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The report segments the global contract logistics market as follows:
Global Contract Logistics Market - By Type
Outsourcing
Insourcing
Global Contract Logistics Market - By Services
Transportation
Warehousing
Packaging Processes and Solutions
Distribution
Production Logistics
Aftermarket Logistics
Others
Global Contract Logistics Market - By End- User
Aerospace
Automotive
Consumer
High-Tech
Industrial
Pharma & Healthcare
Retail
Others
Global Contract Logistics Market - By Geography
North America
U.S.
Canada
Mexico
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