Contract Logistics Market to hit $298,822.0 Million, Globally, by 2025 at 5% CAGR: The Insight Partners

The Contract Logistics Market was valued at US$ 203,938.8 Mn million in 2017 and is projected to reach US$ 298,822.0 million by 2025; it is expected to grow at a CAGR of 5.0% from 2018 to 2027. Asia-Pacific dominated the Contract Logistics market in 2017, Asia-Pacific dominated the global contract logistics market with more than one-third of the market share surpassing Europe with China and Japan being the leading countries in this region.

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Contract logistics offer wide-ranging services from production to the distribution and aftermarket services. The companies operating in global contract logistics market provide standardized warehousing, transport, and other value-added services in order to form a customized supply chain solution. For instance, the contract logistics services comprise of planning, production activities, sourcing, packaging, aftermarket services, and repairs etc. Major players operating in contract logistics market are more inclined towards applying standardized solutions and operations backed up by leading supply chain providers in order to meet the customer's quality expectations.

Major Players: Prominent players in the market are
1. Deutsche Post AG
2. GEODIS
3. DB Schenker
4. Hitachi Transport System, Ltd.
5. Kuehne + Nagel International AG
6. XPO Logistics, Inc.
7. Ryder System, Inc.
8. CEVA Logistics AG
9. Neovia Logistics Services, LLC
10. UPS Supply Chain Solutions

Impact of COVID-19 Pandemic on Contract Logistics Market
The COVID-19 outbreak, which began in Wuhan (China) during December 2019, has spread at a fast pace worldwide. The global factory shutdowns, travel bans, and border lockdowns, to combat and contain the outbreak, have impacted every industry and economy worldwide. The majority of the manufacturing plants are either temporarily shut or operating with minimum staff; due to which the Contract Logistics and related components are disrupted. Additionally, the demand for frozen foods has been showcasing a slowdown since the outbreak of COVID-19 in the countries

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Market Segmentation:
By Type
• Outsourcing
• Insourcing
By Service
• Transportation
• Warehousing
• Packaging Processes and Solutions
• Distribution
• Production Logistics
• Aftermarket Logistics
• Others
By End User
• Aerospace
• Automotive
• Consumer
• High-Tech
• Industrial
• Pharma & Healthcare
• Retail
• Others

End User-Based Market Insights
On the basis of an end user, the global contract logistics market is categorized into aerospace, automotive, consumer, high-tech, industrial, pharma & healthcare, retail, and others. In the era of cut-throat competition, companies offering products, solutions, and services have largely focused on their core competencies. As a result, whatever task is outside of the core competency of the firm, is outsourced. Further, the theory of core competency has resulted in the unprecedented growth of the services industry globally. Contract logistics services have emerged to be one of the fastest growing services in the services industry. Companies from different industry verticals outsource the functions of the supply chain to logistics firms to achieve operational efficiencies, reduce overall cost, and focus on core competencies in manufacturing.

The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of technology offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.

The Insight Contract Logistics Market Research Report Scenario include: -
• The report starts with the key takeaways (Chapter Two), highlighting the key trends and outlook of the global Contract Logistics Market.
• Chapter Three provides the research methodology of the study.
• Chapter Four further provides PEST analysis for each region.
• Chapter Five highlights the key industry dynamics in the Contract Logistics Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends.
• Chapter Six discusses the global Contract Logistics Market scenario, in terms of historical market revenues, and forecast till the year 2027.
• Chapter Seven to ten discuss Contract
Logistics Market segments by type, type of application, service, and geography across North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America. Chapter Eleven describes the industry landscape analysis. Chapter Twelve provides the detailed profiles of the key companies operating in the global Contract Logistics Market. The companies have been profiled on the basis of their key facts, business description, products and services, financial overview, SWOT analysis, and key developments.
• Chapter Thirteen, i.e. the appendix is inclusive of a brief overview of the company, glossary of terms, contact information, and the disclaimer section.

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This research provides detailed information regarding the major factors influencing the growth of the Lane Keep Contract Logistics Market in Global and Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

This release was published on openPR.