PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1324380
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1324380
Project Logistics Market Forecasts to 2030 - Global Analysis By Service (Transportation, Forwarding and Other Services), End User (Mining and resources, Oil and gas, Construction, Defense and Other End Users) and By Geography
According to Stratistics MRC, the Global Project Logistics Market is accounted for $22.45 billion in 2023 and is expected to reach $32.15 billion by 2030 growing at a CAGR of 5.26% during the forecast period. Planning, arranging, managing, processing, and controlling the entire flow of commodities, materials, and information are all part of the integrated process of project logistics. These are related to a project's successful conclusion. Managing freight with unusual dimensions is never easy for a transporter. Larger-sized cargo necessitates the use of entirely different infrastructure, employees, and equipment. Shippers and service providers are, nevertheless, gradually becoming more skilled in the transportation of big and heavyweight shipments.
According to the China International Contractors Association, in 2017 alone, Chinese contractors concluded 7,217 construction contracts along the Belt and Road and 13,267 construction contracts globally
Market Dynamics:
Driver:
Growing use of renewable energy sources
As the world transitions towards sustainable energy sources, there is a growing demand for the construction and installation of renewable energy projects, such as wind farms, solar parks, and hydroelectric plants. These projects often involve the transportation of large and heavy components, including wind turbine blades, solar panels, and hydroelectric turbines, across various locations. Project logistics providers play a crucial role in coordinating the movement of these oversized components, ensuring their timely delivery to project sites. The rising focus on renewable energy development creates lucrative opportunities for project logistics companies, driving innovation and investments.
Restraint:
Complex regulations
Companies must navigate through several regulatory frameworks that are constantly evolving and crossing international borders and engaging multiple countries. It becomes difficult and time-consuming to comply with safety requirements, environmental rules, customs processes, and documentation requirements. If these rules are broken, logistics activities may be delayed, fined, or otherwise interfered with. To make matters more difficult, different nations may have contradictory or unclear legislation. Project logistics suppliers need to invest in skilled staff and technology to stay up to date on regulatory changes, assure seamless compliance, and maintain fast and efficient project deliveries in order to get around this constraint.
Opportunity:
Increasing need from the automobile industry for project logistics
The transportation of machinery, completed goods, and car components through international supply chains is a major function of effective and dependable logistics services in the automotive industry. The demand for specialized transportation and handling solutions grows as the automobile sector experiences significant improvements, including the introduction of electric vehicles and driverless technologies. By providing specialized services to assist the expanding activities of car manufacturers, project logistics providers can profit from this trend. Companies may build solid relationships with automotive clients by utilizing their knowledge and offering flawless logistics solutions, which will spur growth and provide them a competitive edge in the project logistics industry.
Threat:
High investments and operational costs
The nature of project logistics often involves handling oversized and heavy cargo, which requires specialized equipment and expertise, leading to substantial upfront investments. Higher operating costs are also a result of the complexity of project logistics operations, including regulatory compliance, managing a variety of transportation modalities, and negotiating difficult terrain. These high costs can put pressure on profit margins, especially during competitive bidding processes. Moreover, project delays or unforeseen challenges can lead to cost overruns, impacting project logistics providers' financial viability.
COVID-19 Impact:
The COVID-19 pandemic has straightforwardly affected project logistics, which are engaged with the transit, stockpiling, and stream of wares. Thus, industrial network disruptions brought on by the pandemic could have an impact on intensity, economic growth, and job creation. However, when the country's shutdown is aided, it is typical for the area to recover. Project strategies ultimately depend on many firms carrying out their obligations and returning to their previous levels of activity. Significant creation offices have closed as a result of the general lockdown, seriously disrupting the supply chain in every assembly area. Because of the development of delays and travel disruption, the global road providers have risen.
The transportation segment is expected to be the largest during the forecast period
The transportation segment held the largest share in the market. The timely and secure delivery of project goods to its destination, which frequently involves remote or difficult areas, depends on efficient transportation. To meet the needs of various project requirements, the market relies on a variety of transportation methods, including trucks, ships, airplanes, and specialized heavy-lift equipment. To ensure smooth cross-border transportation, project logistics suppliers must also manage the complex regulatory and customs frameworks of several nations. In the cutthroat project logistics sector, efficient transportation management is crucial for project success, cost minimization, and client satisfaction.
The oil and gas segment is expected to have the highest CAGR during the forecast period
During the projection period, the oil and gas segment is expected to have the greatest CAGR. Oil and gas projects involve transporting massive and heavy equipment, such as drilling rigs, pipelines, and offshore structures, often across challenging terrains and remote locations. Project logistics providers play a critical role in coordinating the movement of these oversized components from manufacturing facilities to project sites. They ensure compliance with strict safety and environmental regulations, as well as manage complex logistics operations, including sea and air transportation, heavy-lift operations, and specialized handling.
Region with largest share:
The Asia Pacific region market is estimated to witness the highest share of the global Project Logistics market during the forecast period, with rapid industrialization, urbanization, and infrastructural development, there is a growing demand for project logistics services in the region. Asia Pacific's significant role in industries like oil and gas, energy, construction, and manufacturing drives the need for transporting heavy and oversized cargo. Project logistics providers in the region must navigate diverse terrains, challenging weather conditions, and varying regulatory landscapes across multiple countries. The region's strategic location also makes it a critical hub for global trade, further boosting demand for efficient project logistics solutions.
Region with highest CAGR:
The North America region is expected to have the highest growth rate over the forecast period. With a robust economy and extensive infrastructure projects, the region witnesses a steady demand for efficient and reliable project logistics services. North America's vast geography and diverse terrain present unique challenges, necessitating specialized logistics solutions for oversized cargo movements. Project logistics providers in the region must adhere to stringent safety and environmental regulations while executing complex logistics operations. The region's strategic location and strong trade relationships also make it a significant hub for project logistics, attracting both regional and international players seeking to capitalize on North America's lucrative market opportunities.
Key players in the market:
Some of the key players in Project Logistics market include: Agility Logistics, Bema International Pte. Ltd., Bollore Logistics, BT Transport & Logistics, Ceva Logistics, CH Robinson Worldwide Inc., Chu Kong Logistics, Expro, Freight Tiger, Hellmann Worldwide Logistics, Indo Trans Logistics Corporation, Kuehne + Nagel International AG, LF Logistics, Panalpina, Rhenus Logistics, Rohlig Logistics, Ryder System Inc. and Tiger logistics Ltd.
Key Developments:
In March 2022, Bollore Logistics successfully transported 30,000 ton of equipment from January to December 2021 for a solar farm project in the Atacama region of Chile.
In December 2021, NMT Global Project Logistics and Fortescue Metals Group (FMG) entrusted BBC Chartering to carry heavy-lift steel module structures, ancillary cargoes, and containers for the Iron Bridge project.
In April 2021, LaserShip Inc. agreed to acquire Western U.S. rival OnTrac Logistics Inc. in a $1.3 billion deal to expand the local last-mile delivery specialist's reach across a broader section of the United States at a time of booming e-commerce demand.
Services Covered:
- Transportation
- Forwarding
- Inventory Management and Warehousing
- Other Services
End Users Covered:
- Mining and Resources
- Oil and Gas
- Construction
- Defense
- Renewable Energy
- Oil and Gas, Mining, and Quarrying
- Energy and Power
- Manufacturing
- Agricultural Supplies
- Government
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Project Logistics Market, By Service
- 5.1 Introduction
- 5.2 Transportation
- 5.2.1 Roadways
- 5.2.2 Waterways
- 5.2.3 Airways
- 5.2.4 Railways
- 5.3 Forwarding
- 5.4 Inventory Management and Warehousing
- 5.5 Other Services
6 Global Project Logistics Market, By End User
- 6.1 Introduction
- 6.2 Mining and Resources
- 6.3 Oil and Gas
- 6.4 Construction
- 6.5 Defense
- 6.6 Renewable Energy
- 6.7 Manufacturing
- 6.8 Agricultural Supplies
- 6.9 Government
- 6.10 Other End Users
7 Global Project Logistics Market, By Geography
- 7.1 Introduction
- 7.2 North America
- 7.2.1 US
- 7.2.2 Canada
- 7.2.3 Mexico
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 Italy
- 7.3.4 France
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 Japan
- 7.4.2 China
- 7.4.3 India
- 7.4.4 Australia
- 7.4.5 New Zealand
- 7.4.6 South Korea
- 7.4.7 Rest of Asia Pacific
- 7.5 South America
- 7.5.1 Argentina
- 7.5.2 Brazil
- 7.5.3 Chile
- 7.5.4 Rest of South America
- 7.6 Middle East & Africa
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 Qatar
- 7.6.4 South Africa
- 7.6.5 Rest of Middle East & Africa
8 Key Developments
- 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 8.2 Acquisitions & Mergers
- 8.3 New Product Launch
- 8.4 Expansions
- 8.5 Other Key Strategies
9 Company Profiling
- 9.1 Agility Logistics
- 9.2 Bema International Pte. Ltd.
- 9.3 Bollore Logistics
- 9.4 BT Transport & Logistics
- 9.5 Ceva Logistics
- 9.6 CH Robinson Worldwide Inc.
- 9.7 Chu Kong Logistics
- 9.8 Expro
- 9.9 Freight Tiger
- 9.10 Hellmann Worldwide Logistics
- 9.11 Indo Trans Logistics Corporation
- 9.12 Kuehne + Nagel International AG
- 9.13 LF Logistics
- 9.14 Panalpina
- 9.15 Rhenus Logistics
- 9.16 Rohlig Logistics
- 9.17 Ryder System Inc.
- 9.18 Tiger logistics Ltd.
List of Tables
- Table 1 Global Project Logistics Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Project Logistics Market Outlook, By Component (2021-2030) ($MN)
- Table 3 Global Project Logistics Market Outlook, By Transportation (2021-2030) ($MN)
- Table 4 Global Project Logistics Market Outlook, By Roadways (2021-2030) ($MN)
- Table 5 Global Project Logistics Market Outlook, By Waterways (2021-2030) ($MN)
- Table 6 Global Project Logistics Market Outlook, By Airways (2021-2030) ($MN)
- Table 7 Global Project Logistics Market Outlook, By Railways (2021-2030) ($MN)
- Table 8 Global Project Logistics Market Outlook, By Forwarding (2021-2030) ($MN)
- Table 9 Global Project Logistics Market Outlook, By Inventory Management and Warehousing (2021-2030) ($MN)
- Table 10 Global Project Logistics Market Outlook, By Other Services (2021-2030) ($MN)
- Table 11 Global Project Logistics Market Outlook, By End User (2021-2030) ($MN)
- Table 12 Global Project Logistics Market Outlook, By Mining and Resources (2021-2030) ($MN)
- Table 13 Global Project Logistics Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 14 Global Project Logistics Market Outlook, By Construction (2021-2030) ($MN)
- Table 15 Global Project Logistics Market Outlook, By Defense (2021-2030) ($MN)
- Table 16 Global Project Logistics Market Outlook, By Renewable Energy (2021-2030) ($MN)
- Table 19 Global Project Logistics Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 20 Global Project Logistics Market Outlook, By Agricultural Supplies (2021-2030) ($MN)
- Table 21 Global Project Logistics Market Outlook, By Government (2021-2030) ($MN)
- Table 22 Global Project Logistics Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 23 North America Project Logistics Market Outlook, By Country (2021-2030) ($MN)
- Table 24 North America Project Logistics Market Outlook, By Component (2021-2030) ($MN)
- Table 25 North America Project Logistics Market Outlook, By Transportation (2021-2030) ($MN)
- Table 26 North America Project Logistics Market Outlook, By Roadways (2021-2030) ($MN)
- Table 27 North America Project Logistics Market Outlook, By Waterways (2021-2030) ($MN)
- Table 28 North America Project Logistics Market Outlook, By Airways (2021-2030) ($MN)
- Table 29 North America Project Logistics Market Outlook, By Railways (2021-2030) ($MN)
- Table 30 North America Project Logistics Market Outlook, By Forwarding (2021-2030) ($MN)
- Table 31 North America Project Logistics Market Outlook, By Inventory Management and Warehousing (2021-2030) ($MN)
- Table 32 North America Project Logistics Market Outlook, By Other Services (2021-2030) ($MN)
- Table 33 North America Project Logistics Market Outlook, By End User (2021-2030) ($MN)
- Table 34 North America Project Logistics Market Outlook, By Mining and Resources (2021-2030) ($MN)
- Table 35 North America Project Logistics Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 36 North America Project Logistics Market Outlook, By Construction (2021-2030) ($MN)
- Table 37 North America Project Logistics Market Outlook, By Defense (2021-2030) ($MN)
- Table 38 North America Project Logistics Market Outlook, By Renewable Energy (2021-2030) ($MN)
- Table 41 North America Project Logistics Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 42 North America Project Logistics Market Outlook, By Agricultural Supplies (2021-2030) ($MN)
- Table 43 North America Project Logistics Market Outlook, By Government (2021-2030) ($MN)
- Table 44 North America Project Logistics Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 45 Europe Project Logistics Market Outlook, By Country (2021-2030) ($MN)
- Table 46 Europe Project Logistics Market Outlook, By Component (2021-2030) ($MN)
- Table 47 Europe Project Logistics Market Outlook, By Transportation (2021-2030) ($MN)
- Table 48 Europe Project Logistics Market Outlook, By Roadways (2021-2030) ($MN)
- Table 49 Europe Project Logistics Market Outlook, By Waterways (2021-2030) ($MN)
- Table 50 Europe Project Logistics Market Outlook, By Airways (2021-2030) ($MN)
- Table 51 Europe Project Logistics Market Outlook, By Railways (2021-2030) ($MN)
- Table 52 Europe Project Logistics Market Outlook, By Forwarding (2021-2030) ($MN)
- Table 53 Europe Project Logistics Market Outlook, By Inventory Management and Warehousing (2021-2030) ($MN)
- Table 54 Europe Project Logistics Market Outlook, By Other Services (2021-2030) ($MN)
- Table 55 Europe Project Logistics Market Outlook, By End User (2021-2030) ($MN)
- Table 56 Europe Project Logistics Market Outlook, By Mining and Resources (2021-2030) ($MN)
- Table 57 Europe Project Logistics Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 58 Europe Project Logistics Market Outlook, By Construction (2021-2030) ($MN)
- Table 59 Europe Project Logistics Market Outlook, By Defense (2021-2030) ($MN)
- Table 60 Europe Project Logistics Market Outlook, By Renewable Energy (2021-2030) ($MN)
- Table 63 Europe Project Logistics Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 64 Europe Project Logistics Market Outlook, By Agricultural Supplies (2021-2030) ($MN)
- Table 65 Europe Project Logistics Market Outlook, By Government (2021-2030) ($MN)
- Table 66 Europe Project Logistics Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 67 Asia Pacific Project Logistics Market Outlook, By Country (2021-2030) ($MN)
- Table 68 Asia Pacific Project Logistics Market Outlook, By Component (2021-2030) ($MN)
- Table 69 Asia Pacific Project Logistics Market Outlook, By Transportation (2021-2030) ($MN)
- Table 70 Asia Pacific Project Logistics Market Outlook, By Roadways (2021-2030) ($MN)
- Table 71 Asia Pacific Project Logistics Market Outlook, By Waterways (2021-2030) ($MN)
- Table 72 Asia Pacific Project Logistics Market Outlook, By Airways (2021-2030) ($MN)
- Table 73 Asia Pacific Project Logistics Market Outlook, By Railways (2021-2030) ($MN)
- Table 74 Asia Pacific Project Logistics Market Outlook, By Forwarding (2021-2030) ($MN)
- Table 75 Asia Pacific Project Logistics Market Outlook, By Inventory Management and Warehousing (2021-2030) ($MN)
- Table 76 Asia Pacific Project Logistics Market Outlook, By Other Services (2021-2030) ($MN)
- Table 77 Asia Pacific Project Logistics Market Outlook, By End User (2021-2030) ($MN)
- Table 78 Asia Pacific Project Logistics Market Outlook, By Mining and Resources (2021-2030) ($MN)
- Table 79 Asia Pacific Project Logistics Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 80 Asia Pacific Project Logistics Market Outlook, By Construction (2021-2030) ($MN)
- Table 81 Asia Pacific Project Logistics Market Outlook, By Defense (2021-2030) ($MN)
- Table 82 Asia Pacific Project Logistics Market Outlook, By Renewable Energy (2021-2030) ($MN)
- Table 85 Asia Pacific Project Logistics Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 86 Asia Pacific Project Logistics Market Outlook, By Agricultural Supplies (2021-2030) ($MN)
- Table 87 Asia Pacific Project Logistics Market Outlook, By Government (2021-2030) ($MN)
- Table 88 Asia Pacific Project Logistics Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 89 South America Project Logistics Market Outlook, By Country (2021-2030) ($MN)
- Table 90 South America Project Logistics Market Outlook, By Component (2021-2030) ($MN)
- Table 91 South America Project Logistics Market Outlook, By Transportation (2021-2030) ($MN)
- Table 92 South America Project Logistics Market Outlook, By Roadways (2021-2030) ($MN)
- Table 93 South America Project Logistics Market Outlook, By Waterways (2021-2030) ($MN)
- Table 94 South America Project Logistics Market Outlook, By Airways (2021-2030) ($MN)
- Table 95 South America Project Logistics Market Outlook, By Railways (2021-2030) ($MN)
- Table 96 South America Project Logistics Market Outlook, By Forwarding (2021-2030) ($MN)
- Table 97 South America Project Logistics Market Outlook, By Inventory Management and Warehousing (2021-2030) ($MN)
- Table 98 South America Project Logistics Market Outlook, By Other Services (2021-2030) ($MN)
- Table 99 South America Project Logistics Market Outlook, By End User (2021-2030) ($MN)
- Table 100 South America Project Logistics Market Outlook, By Mining and Resources (2021-2030) ($MN)
- Table 101 South America Project Logistics Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 102 South America Project Logistics Market Outlook, By Construction (2021-2030) ($MN)
- Table 103 South America Project Logistics Market Outlook, By Defense (2021-2030) ($MN)
- Table 104 South America Project Logistics Market Outlook, By Renewable Energy (2021-2030) ($MN)
- Table 107 South America Project Logistics Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 108 South America Project Logistics Market Outlook, By Agricultural Supplies (2021-2030) ($MN)
- Table 109 South America Project Logistics Market Outlook, By Government (2021-2030) ($MN)
- Table 110 South America Project Logistics Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 111 Middle East & Africa Project Logistics Market Outlook, By Country (2021-2030) ($MN)
- Table 112 Middle East & Africa Project Logistics Market Outlook, By Component (2021-2030) ($MN)
- Table 113 Middle East & Africa Project Logistics Market Outlook, By Transportation (2021-2030) ($MN)
- Table 114 Middle East & Africa Project Logistics Market Outlook, By Roadways (2021-2030) ($MN)
- Table 115 Middle East & Africa Project Logistics Market Outlook, By Waterways (2021-2030) ($MN)
- Table 116 Middle East & Africa Project Logistics Market Outlook, By Airways (2021-2030) ($MN)
- Table 117 Middle East & Africa Project Logistics Market Outlook, By Railways (2021-2030) ($MN)
- Table 118 Middle East & Africa Project Logistics Market Outlook, By Forwarding (2021-2030) ($MN)
- Table 119 Middle East & Africa Project Logistics Market Outlook, By Inventory Management and Warehousing (2021-2030) ($MN)
- Table 120 Middle East & Africa Project Logistics Market Outlook, By Other Services (2021-2030) ($MN)
- Table 121 Middle East & Africa Project Logistics Market Outlook, By End User (2021-2030) ($MN)
- Table 122 Middle East & Africa Project Logistics Market Outlook, By Mining and Resources (2021-2030) ($MN)
- Table 123 Middle East & Africa Project Logistics Market Outlook, By Oil and Gas (2021-2030) ($MN)
- Table 124 Middle East & Africa Project Logistics Market Outlook, By Construction (2021-2030) ($MN)
- Table 125 Middle East & Africa Project Logistics Market Outlook, By Defense (2021-2030) ($MN)
- Table 126 Middle East & Africa Project Logistics Market Outlook, By Renewable Energy (2021-2030) ($MN)
- Table 129 Middle East & Africa Project Logistics Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 130 Middle East & Africa Project Logistics Market Outlook, By Agricultural Supplies (2021-2030) ($MN)
- Table 131 Middle East & Africa Project Logistics Market Outlook, By Government (2021-2030) ($MN)
- Table 132 Middle East & Africa Project Logistics Market Outlook, By Other End Users (2021-2030) ($MN)
