Major contract logistics market participants include DSV, AP Moller – Maersk, XPO, Inc., CJ Logistics Corporation, DHL Supply Chain, Kuehne+Nagel, and DB Schenker.
SELBYVILLE, Del., March 6, 2024 (Globe Newswire) —
According to a report, the contract logistics market size is estimated to exceed USD 593.9 billion by 2032. Research by Global Market Insights Inc.
Industry growth is driven by the globalization of trade and the expansion of supply chains across multiple regions. Additionally, rapid advances in technology such as the introduction of automation, robotics, and data analytics are revolutionizing contract logistics, increasing operational efficiency, optimizing inventory management, and providing real-time tracking and visibility across the supply chain. is now possible. In March 2022, CEVA Logistics, a global leader in third-party logistics, partnered with Kodiak Robotics, Inc., a leading self-driving trucking company, to autonomously move cargo between Dallas-Fort Worth, Austin, and Oklahoma City. supplied.
The rapid growth of online retail has led to a surge in demand for warehousing, fulfillment, and last-mile delivery services. Contract logistics providers help meet the evolving needs of e-commerce businesses by providing customized solutions to manage inventory, process orders, and ensure timely delivery to end customers. Masu. Additionally, a focus on sustainability and environmental responsibility will drive industry demand, with companies seeking environmentally friendly logistics solutions to minimize their carbon footprint.
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The waterway segment contract logistics market is expected to register high demand till 2032 due to the inherent efficiency and cost-effectiveness of transporting goods through waterways. Due to its large cargo capacity and low fuel consumption compared to road and air transport, waterway logistics offers a sustainable and economical solution for mass transport. Additionally, the expansion of inland waterway networks and the development of intermodal transport hubs will improve waterway accessibility and connectivity, facilitating seamless integration with contract logistics operations.
The automotive sector is expected to experience significant growth from 2023 to 2032, driven by the increasing complexity of the automotive supply chain, which is characterized by a wide variety of components. Contract logistics providers help manage complex networks of suppliers, manufacturers, and distributors to ensure seamless coordination and efficient delivery of auto parts and finished vehicles. The transition to electric and autonomous vehicles creates new logistics challenges such as battery transport and special handling requirements, further increasing the demand for contract logistics expertise.
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The North American contract logistics market is expected to register a strong CAGR until 2032 due to the resurgence of manufacturing activities and resurgence of domestic production in key industries such as automotive, aerospace, and electronics. Additionally, the rapid expansion of e-commerce and the proliferation of online retail platforms have highlighted the need for efficient and flexible logistics solutions to support increasing shipping volumes. An extensive network of transportation infrastructure, including highways, railways and ports, facilitates seamless connectivity and efficient distribution of goods, further fostering the growth of regional industry.
The major companies involved in the contract logistics market are DSV, AP Moller – Maersk, XPO, Inc., CJ Logistics Corporation, DHL Supply Chain, Kuehne+Nagel, and DB Schenker.
Partial chapters of the report's Table of Contents (TOC):
Chapter 1 Methodology and Scope
1.1 Market scope and definition
1.2 Basic estimation and calculations
1.3 Prediction calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Official sources
Chapter 2 Summary
2.1 360-degree overview of Contract Logistics Market, 2018-2032
2.2 Business trends
2.3 Regional trends
2.4 Service trends
2.5 Mode trends
2.6 Type trends
2.7 End-use trends
Chapter 3 Contract Logistics Market Insights
3.1 Impact of the new coronavirus infection (COVID-19)
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor Matrix
3.5 Profitability analysis
3.6 Technology and Innovation Outlook
3.7 Patent analysis
3.8 Major news and initiatives
3.8.1 Partnership/Collaboration
3.8.2 Mergers/Acquisitions
3.8.3 Investment
3.8.4 Autonomy launch and innovation level
3.9 Regulatory status
3.10 Impact force
3.10.1 Drivers of growth
3.10.1.1 Rapid growth of e-commerce
3.10.1.2 Increased adoption of green transport options
3.10.1.3 Increasing need for efficient and cost-effective supply chain solutions
3.10.2 Industry Pitfalls and Challenges
3.10.2.1 Strict government regulations regarding transportation
3.10.2.2 Increasing global political instability
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis
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