Contract Logistic Market Trends and Forecast
The future of the global contract logistic market looks promising with opportunities in the aerospace, automotive, industrial, high-tech, pharma & healthcare, retail, and e-commerce markets. The global contract logistic market is expected to reach an estimated $403.0 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are rapid expansion of online retail sector and rising demand for logistics and supply chain services globally.
• Lucintel forecasts that insourcing is expected to witness higher growth over the forecast period.
• Within this market, e-commerce is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Contract Logistic Market
• United States: In the United States, the contract logistics market has seen significant developments driven by the rapid growth of e-commerce and the need for efficient supply chain solutions. Companies like XPO Logistics have been expanding their capabilities through acquisitions and technological advancements. For instance, XPO Logistics has invested in automation and robotics to improve warehouse operations and meet increasing consumer demands for faster deliveries. The governmentÄX%$%Xs focus on infrastructure development, including transportation and warehousing facilities, is also boosting the contract logistics sector. Initiatives such as tax incentives for logistics companies investing in technology and infrastructure upgrades are encouraging growth.
• India: IndiaÄX%$%Xs contract logistics market is experiencing rapid growth due to the expansion of organized retail and e-commerce sectors. Companies like Mahindra Logistics are expanding their warehousing and distribution network across the country to cater to the growing demand for efficient logistics services. The Indian governmentÄX%$%Xs ÄX%$%XMake in IndiaÄX%$%X initiative and investments in infrastructure development, including dedicated freight corridors and logistics parks, are aimed at reducing logistics costs and improving efficiency.
• China: In China, the contract logistics market is evolving with advancements in technology and infrastructure. Companies like JD Logistics are leveraging AI and big data analytics to optimize supply chain operations and enhance customer experience. The Chinese governmentÄX%$%Xs Belt and Road Initiative (BRI) is promoting international cooperation in logistics and infrastructure development, facilitating cross-border trade and boosting demand for contract logistics services.
• Germany: Germany remains a key hub for contract logistics in Europe, supported by its robust manufacturing and automotive sectors. Companies such as DHL Supply Chain are investing in green logistics solutions to reduce carbon emissions and meet sustainability targets. The German governmentÄX%$%Xs investments in digital infrastructure and logistics hubs, coupled with initiatives to promote renewable energy and electric mobility, are driving innovation and growth in the contract logistics market
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Contract Logistic Market by Segment
The study includes a forecast for the global contract logistic market by type, service, end use, transportation, and region.
Contract Logistic Market by Type [Value from 2018 to 2030]:
• Insourcing
• Outsourcing
Contract Logistic Market by Service [Value from 2018 to 2030]:
• Transportation
• Warehousing
• Distribution
• Aftermarket Logistics
Contract Logistic Market by End Use [Value from 2018 to 2030]:
• Aerospace
• Automotive
• Industrial
• High-Tech
• Pharma & Healthcare
• Retail
• E-Commerce
• Others
Contract Logistic Market by Transportation [Value from 2018 to 2030]:
• Railways
• Airways
• Roadways
• Waterways
Contract Logistic Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Contract Logistic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies contract logistic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the contract logistic companies profiled in this report include-
• A.P. Moller - Maersk
• Hellmann Worldwide Logistics
• CEVA LOGISTICS
• YUSEN LOGISTICS
• CJ Logistics Corporation
• Deutsche Post
• Agility
• DB Schenker
• DSV
• Penske
Recent Development in the Contract Logistic Market
• DHL Supply Chain: DHL Supply Chain: Implemented advanced robotics and automation solutions in its warehouses to enhance operational efficiency and meet rising e-commerce demands. These technologies include autonomous robots for picking and packing, as well as automated sorting systems.
• XPO Logistics: XPO Logistics: Continues to expand its global footprint through strategic acquisitions and partnerships. Recently, the company acquired a regional logistics provider to strengthen its presence in a key market and enhance service capabilities.
• Kuehne + Nagel: Kuehne + Nagel: Focuses on digital transformation initiatives to improve supply chain visibility and agility. The company has developed a suite of digital tools, including real-time tracking and predictive analytics, to optimize logistics operations and provide better customer service.
• UPS Supply Chain Solutions: UPS Supply Chain Solutions: Prioritizes sustainability in its contract logistics operations by investing in renewable energy and eco-friendly logistics solutions. UPS has implemented green technology solutions such as electric vehicles and sustainable packaging options to reduce carbon footprint across its supply chain.
Features of the Global Contract Logistic Market
Market Size Estimates: Contract logistic market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Contract logistic market size by various segments, such as by type, service, end use, transportation, and region in terms of value ($B).
Regional Analysis: Contract logistic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, services, end uses, transportation, and regions for the contract logistic market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the contract logistic market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the contract logistic market size?
Answer: The global contract logistic market is expected to reach an estimated $403.0 billion by 2030.
Q2. What is the growth forecast for contract logistic market?
Answer: The global contract logistic market is expected to grow with a CAGR of 6.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the contract logistic market?
Answer: The major drivers for this market are rapid expansion of online retail sector and rising demand for logistics and supply chain services globally.
Q4. What are the major segments for contract logistic market?
Answer: The future of the contract logistic market looks promising with opportunities in the aerospace, automotive, industrial, high-tech, pharma & healthcare, retail, and e-commerce markets.
Q5. Who are the key contract logistic market companies?
Answer: Some of the key contract logistic companies are as follows:
• A.P. Moller - Maersk
• Hellmann Worldwide Logistics
• CEVA LOGISTICS
• YUSEN LOGISTICS
• CJ Logistics Corporation
• Deutsche Post
• Agility
• DB Schenker
• DSV
• Penske
Q6. Which contract logistic market segment will be the largest in future?
Answer: Lucintel forecasts that insourcing is expected to witness higher growth over the forecast period.
Q7. In contract logistic market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the contract logistic market by type (insourcing and outsourcing), service (transportation, warehousing, distribution, and aftermarket logistics), end use (aerospace, automotive, industrial, high-tech, pharma & healthcare, retail, e-commerce, and others), transportation (railways, airways, roadways, and waterways), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Contract Logistic Market, Contract Logistic Market Size, Contract Logistic Market Growth, Contract Logistic Market Analysis, Contract Logistic Market Report, Contract Logistic Market Share, Contract Logistic Market Trends, Contract Logistic Market Forecast, Contract Logistic Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.