Contract Logistics Market : Transportation, Warehousing, Distribution, Aftermarket Logistics Industry Forecast, 2021-2031

According to a new report published by Allied Market Research, titled, "Contract Logistics Market," The contract logistics market was valued at $243.60 billion in 2021, and is estimated to reach $505.3 billion by 2031, growing at a CAGR of 7.5% from 2022 to 2031.

The factors such as growth in e-commerce industry, rise in trade related agreements, and growth in manufacturing industry supplement the growth of the contract logistics market. However, poor infrastructure and higher logistics costs and lack of control of manufacturers on logistics service are the factors expected to hamper the growth of the market. In addition, emergence of last-mile deliveries coupled with logistics automation and surge in use of information technologies (IT) solutions & software creates market opportunities for the key players operating in the contract logistics industry.

Download FREE Report Sample : https://www.alliedmarketresearch.com/request-sample/11879

COVID-19 Impact Analysis:

The supply chain disturbance created by COVID-19 impacted the competitiveness, economic growth, and led to jobs lost in the contract logistics industry. For instance, according to a report by International Finance Corporation (IFC), total container volumes handled at Chinese ports dropped by 10.1% in the first months of 2020. In addition, air freight volumes fell by 19% in March 2020.

Although, there are some industries that are struggling due to the pandemic, but some are thriving such as healthcare & pharmaceuticals, e-commerce, and daily essentials goods industry, which are expected to affect the contract logistics industry positively during the COVID-19 outbreak globally. For instance, according to new data from IBM's U.S. Retail Index, the pandemic has accelerated the shift away from physical stores to digital shopping. In addition, according to the report from the U.S. Census Bureau 2020, the U.S. retail e-commerce industry reached $211.5 billion, up 31.8% from the first quarter of 2020 and 44.5% year-over-year. However, online food & beverages and essential good demand surged by 11.3% and 36.7%, respectively in the first quarter of 2020.

Purchase Enquiry - https://www.alliedmarketresearch.com/purchase-enquiry/11879

KEY FINDINGS OF THE STUDY :

By service, the aftermarket logistics segment dominated the global contract logistics market in terms of growth rate.
By type, the insourcing segment dominated the global contract logistics market in terms of growth rate.
By industry vertical, the retail segment dominated the global contract logistics market in terms of growth rate.
By mode of transportation, the airways segment dominated the global contract logistics market in terms of growth rate.

The leading players operating 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, Hitachi Transport System, 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.

Request Customization : https://www.alliedmarketresearch.com/request-for-customization/11879

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Access Full Report : https://www.alliedmarketresearch.com/contract-logistics-market-A11514

This release was published on openPR.