PUBLISHER: 360iResearch | PRODUCT CODE: 1464916
PUBLISHER: 360iResearch | PRODUCT CODE: 1464916
[182 Pages Report] The Contract Logistics Market size was estimated at USD 94.87 billion in 2023 and expected to reach USD 105.05 billion in 2024, at a CAGR 11.16% to reach USD 199.03 billion by 2030.
Contract Logistics refers to comprehensive outsourcing services provided to businesses by third-party companies to manage logistics operations. These services encompass multiple aspects of the logistics and supply chain process, including transportation, warehousing, distribution, inventory management, and packaging. Contract logistics aims to optimize these operations for businesses, allowing them to focus on their core competencies while improving efficiency, reducing costs, and enhancing customer satisfaction. A contract between the business and the service provider outlines the terms, scope, and responsibilities, ensuring the logistics operations are conducted according to the business's specific requirements and standards. As businesses expand their operations, the need to manage logistics and supply chains increases, creating a demand for specialized contract logistics services. In addition, the increasing popularity of online shopping has heightened the need for efficient logistics services, including last-mile delivery, inventory management, and reverse logistics. However, leveraging data analytics to gain insights into supply chain operations can help optimize routes, predict demand, and reduce costs. Innovations in logistics technology, such as automation, artificial intelligence (AI), and Internet of Things (IoT), are making contract logistics services more efficient and cost-effective.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 94.87 billion |
Estimated Year [2024] | USD 105.05 billion |
Forecast Year [2030] | USD 199.03 billion |
CAGR (%) | 11.16% |
Services: Exponential growth of aftermarket logistics in automotive industry to meet high-level customer satisfaction and loyalty
The contract logistics sector emphasizes the vital role that a range of services play in ensuring the efficiency and reliability of global supply chains. One such essential service is aftermarket logistics, which involves the management of the supply chain operations related to the after-sale phase, including the distribution of spare parts, repair services, and returns. This is critical for maintaining high levels of customer satisfaction and loyalty. Additionally, distribution services, which encompass the storage, handling, and delivery of products, are fundamental in ensuring that goods reach their final destinations in a timely and cost-effective manner. Transportation is another cornerstone of contract logistics, involving the movement of goods across various modes such as road, air, and sea. This requires intricate planning and execution to optimize routes and ensure timely deliveries. Lastly, warehousing, which refers to storing goods before they are distributed to the end consumer, is crucial in managing inventory levels and supporting efficient order fulfillment processes. These services form the backbone of contract logistics, facilitating the seamless flow of goods from manufacturers to end consumers while optimizing costs and enhancing service delivery.
End-Use: Increasing adoption of contract logistics in varied industry to ensure timely and efficient delivery
In contract logistics, various sectors such as aerospace, automotive, industrial, pharmaceutical & healthcare, and retail & e-commerce each present distinct demands and challenges that necessitate specialized logistics solutions. The aerospace sector requires exact and secure logistics services to manage the transportation and storage of sensitive components and materials. Similarly, the automotive industry relies on efficient and timely logistics to support its just-in-time manufacturing processes. The industrial sector, encompassing a broad range of products and materials, demands versatile logistics solutions that can adapt to varying scales and complexities. On the other hand, the pharmaceutical & healthcare sector necessitates rigorous adherence to regulations and standards to ensure the safe and secure handling of medical products and equipment. Lastly, the retail & e-commerce sector has seen exponential growth, driven by consumer demand for fast and reliable delivery services. This rapid expansion poses unique distribution challenges that contract logistics providers must navigate to ensure timely and efficient delivery to consumers.
Regional Insights
The Americas, particularly the United States, represents a vast market for contract logistics. Rising e-commerce sales, technological advancements in logistics, and increasingly complex consumer demands have spurred innovation in this region. In the United States, the supply chain's emphasis on speed and transparency influences customer purchasing behavior. Canada, while smaller in market size, mirrors these trends and emphasizes sustainable logistics solutions due to growing environmental concerns among consumers. On the other hand, EU countries in the EMEA region are at the forefront of adopting green logistics, driven by stringent regulatory standards and a high consumer demand for sustainable products and services. The integration of renewable energy sources in logistics centers and the push for electric vehicle fleets are examples of the region's commitment to sustainability. With its strategic geographic positioning, the Middle East acts as a vital link in global logistics, particularly in air and sea freight. The area is witnessing significant investments in logistics hubs and free zones to enhance its role in international trade and e-commerce. Moreover, in the Asia Pacific region, the market for contract logistics is observing significant growth, driven by the expanding trade activities and the increasing focus on efficient supply chain management across various industries. This growth is further bolstered by e-commerce, technological advancements, and the push for cost reduction in logistics operations by businesses keen on enhancing their competitiveness.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Contract Logistics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Contract Logistics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Contract Logistics Market, highlighting leading vendors and their innovative profiles. These include A.P. Moller - Maersk, Agility Public Warehousing Company K.S.C.P., C.H. Robinson Worldwide, Inc., CEVA Logistics SA by CMA CGM Group, CJ Logistics Corporation, Deutsche Post AG, DHL Supply Chain, DP World Limited, DSV A/S, Expeditors International of Washington, Inc., FedEx Corporation, GEODIS by SNCF, Hellmann Worldwide Logistics SE & Co. KG, Kuhne + Nagel International AG, LOGISTEED, Ltd, Neovia Logistics Services, LLC, Nippon Express Holdings Inc., Penske Truck Leasing Co., L.P., Ryder System, Inc., SANKYU INC., Schenker AG, Schneider National, Toll Group by JAPAN POST HOLDINGS Co., Ltd., United Parcel Service of America, Inc., XPO, Inc., and Yusen Logistics Group.
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Contract Logistics Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Contract Logistics Market?
3. What are the technology trends and regulatory frameworks in the Contract Logistics Market?
4. What is the market share of the leading vendors in the Contract Logistics Market?
5. Which modes and strategic moves are suitable for entering the Contract Logistics Market?