Market Overview:
The Global Contract Logistics Market Was Valued at USD 258.95 Billion in 2022 and is Expected to Reach USD 410.41 Billion by the Year 2030, at a CAGR of 6.8 %.
Logistics refers to the transportation of products from one location to another. A whole procedure from production through distribution at the point of sale is referred to as contract logistics. It is a more comprehensive strategy that blends supply chain management procedures with conventional logistics. Companies in the contract logistics sector handle a variety of tasks, including managing the supply chain, storage, shipping, and distributing products, processing orders and collecting payments, managing warehouses, and even some facets of customer care. This entails contracting with outside service providers to handle resource management duties. Infrastructure, digitization, and industrialization are the results of the government's escalating attempts to diversify the economy.
Leading companies reviewed in the Contract Logistics Market report is:
Penske (US),DSV (Denmark),DB Schenker (Germany),Kuehne + Nagel(Switzerland),CJ Logistics Corporation (South Korea),GEODIS (France),Ryder System, Inc. (US),DHL Supply Chain (Germany),XPO Logistics, Inc (US),Ceva Logistics (France),Neovia Logistics Services, LLC. (US),Hellmann Worldwide Logistics (Germany),United Parcel Service of America Inc. (US), and Other Major Players
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Key Chapter Will Be Provided In The Report
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
- Company Profiling and Competitive Positioning
- Industry Value Chain Analysis
- Market Dynamics and Factors
- Porter’s Five Forces Analysis
- Pestle Analysis
- SWOT Analysis
Market Dynamics:
Driver:
One of the main factors driving the expansion of the contract logistics industry has been the rising adoption of the Internet of Things (IoT) and cutting-edge technologies across numerous sectors. Sensors, RFID tags, and GPS tracking are examples of IoT technologies that allow for real-time tracking and tracing of commodities across the supply chain. Contract logistics companies may streamline their processes, increase efficiency, and give customers reliable tracking information thanks to this improved insight. This contributes to less delays, better inventory control, and on-time delivery of goods, all of which boost customer satisfaction and expand business potential.
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Opportunities:
The market for contract logistics has a lot of prospects thanks to the e-commerce industry's explosive rise. The COVID-19 epidemic has further expedited this trend. The e-commerce sector has grown in recent years. E-commerce sales volumes rise as more customers start purchasing online. Efficient logistics services, such as contract logistics, order fulfillment, warehousing, inventory, and final delivery management, are required as a result of the rising demand for e-commerce. This factor delivers an opportunity for the market.
Segmentation Analysis Of The Contract Logistics Market
The Contract Logistics market segments cover Type, Service, and End User. By Type, the Outsourcing segment is Anticipated to Dominate the Market Over the Forecast period.
- Contract logistics refers to the outsourcing of various logistics functions to third-party logistics providers (3PL). These activities may include transportation, warehousing, inventory recording, order fulfillments, and other value-added services. Companies often choose to outsource these services to focus on their core competencies by leveraging the expertise and resources of 3PL providers. Outsourcing can be explained by several factors, including its low-cost strategy to expand a company's international footprint and profitability.
- By outsourcing logistics operations to a trusted partner, companies can save time and money, focus on their core business and enter new markets. Outsourcing has historically been a major driver of growth in the contract logistics market. Many companies have found it more cost-effective and efficient to outsource logistics operations to specialized service providers rather than managing them themselves. By outsourcing, companies can leverage the expertise, technology, and global networks of a 3PL and access economies of scale, improved supply chain visibility, and operational flexibility.
By Type
- Insourcing
- Outsourcing
By Service
- Transportation
- Warehousing
- Distribution
- Aftermarket Logistics
- Other
By End User
- Manufacturing Automotive
- Consumer Goods Retail
- Healthcare Pharmaceuticals
- Other
Regional Analysis of The Contract Logistics Market
- North America
- US
- Canada
- Mexico
- Eastern Europe
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
- Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Russia
- Spain
- Rest of Western Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New Zealand
- Rest of APAC
- Middle East Africa
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- South America
- Brazil
- Argentina
- Rest of SA
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Key Industry Developments in the Contract Logistics Market
In March 2023, Kuehne+Nagel opened its third Transport Operation Centre (TOC) for Asia Pacific in India. The center is located at the National Office in Gurugram and has been established to provide a centralized approach for pan-India distribution management. The TOC facilitates a comprehensive view of the supply chain network in order to streamline operations, increase efficiency and ultimately reduce costs through a tactical planning process.
In September 2022, Yusen Logistics (Deutschland) GmbH expanded and opened a new branch. The world's leading service provider for integrated logistics has been moving step by step into the sustainable new-build complex in Altbach with around 10,000 square meters of warehouse and office space. The logistics center east of Stuttgart become the new contract logistics site of Yusen Logistics.
The report provides insights on the following pointers:
- Market Penetration: Offers comprehensive information on the market offered by the key players
- Market Analysis: Provides detailed information on lucrative growing markets and examines market penetration across mature segments.
- Market Diversification: Details regarding new product launches, untapped geographies, recent developments, and investments are provided.
- Competitive Landscape: Provides an in-depth analysis of the top companies' market shares, strategies, products, certification, regulatory approvals, patent landscape, and production capabilities.
- Industry Dynamics and Factors: Offers insightful information about future technologies, RD initiatives, and game-changing product breakthroughs.
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The report covers exhaustive analysis on:
- The market size and industry growth rate of the global and regional market across various segments
- Based on extensive primary and secondary research this report provides comprehensive and granular data
- Key technological advancements and market trends that shape the market
- Brand dynamics and distribution trends in order to effectively plan strategies in the forecast period 2023-2030
- Key companies operating in this market and their market share
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