Press release
Global Contract Logistics Market Report, History and Forecast 2017-2028
Contract logistics is defined as the comprehensive process from production to distribution at the final point of sale. This means that Contract Logistics is not simply the process of moving goods, but a far more comprehensive course of action that merges traditional logistics with supply chain management processes.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Contract Logistics estimated at US$ 192770 million in the year 2022, is projected to reach a revised size of US$ 242510 million by 2028, growing at a CAGR of 3.9% during the forecast period 2022-2028.
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The contract logistics market refers to the outsourcing of logistics and supply chain management services to third-party logistics providers (3PLs) through long-term contractual agreements. Companies that engage in contract logistics services typically sign multi-year contracts with logistics providers to handle various aspects of their supply chain, including warehousing, distribution, transportation, inventory management, order fulfillment, and other value-added services.
The contract logistics market has been experiencing steady growth in recent years due to several factors:
Globalization: With businesses expanding their operations across borders, the need for efficient and reliable logistics services has increased, leading to a higher demand for contract logistics providers.
E-commerce: The rapid growth of online retail has put pressure on companies to improve their supply chain efficiency, making contract logistics an attractive option to outsource these operations to experts.
Focus on Core Competencies: Companies often prefer to concentrate on their core competencies and outsource non-core functions like logistics to specialized service providers.
Cost Savings: Contract logistics providers can offer economies of scale and cost savings by leveraging their expertise, infrastructure, and transportation networks.
Technological Advancements: The adoption of technology, such as warehouse management systems, track-and-trace capabilities, and data analytics, has enhanced the efficiency and transparency of contract logistics operations.
Environmental Concerns: Companies are increasingly seeking sustainable and eco-friendly logistics solutions, and contract logistics providers are incorporating green practices into their operations.
The contract logistics market is highly competitive, with major global players such as DHL, Kuehne + Nagel, DB Schenker, and UPS dominating the industry. Additionally, regional players and niche 3PLs also play significant roles in specific markets.
As time progresses, the market may continue to evolve with the introduction of new technologies, changes in consumer behavior, geopolitical developments, and shifts in global trade dynamics.
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Segment by Type
Land Transportation
Air Transportation
Sea Transportation
Segment by Application
Small Enterprises
Large Enterprises
BY REGION
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
BY COMPANY
Kuehne + Nagel
CEVA Logistics
Agility
APL Logistics
GAC
DB Schenker Logistics
DHL Supply Chain
Tibbett & Britten Group
DSV
Fiege Logistik
Panalpina
Penkse Logistics
Rhenus
Ryder
SNCF Logistics
Toll Global Logistics
UPS Supply Chain Solutions
XPO Logistics
SIMILAR REPORT
https://reports.valuates.com/market-reports/QYRE-Auto-28C1583/global-digital-logistics
https://reports.valuates.com/market-reports/QYRE-Auto-L394/global-iot-fleet-management
https://reports.valuates.com/market-reports/QYRE-Auto-22T543/global-last-mile-delivery
https://reports.valuates.com/market-reports/ALLI-Auto-3T152/logistics
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