Contract Logistics Market Size, Share & Analysis Report, 2023-2032
The global contract logistics market size was exhibited at USD 264.9 billion in 2022 and is projected to hit around USD 520.61 billion by 2032, growing at a CAGR of 6.99% during the forecast period 2023 to 2032.
Key Pointers:
Contract Logistics Market Report Scope
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Report Coverage |
Details |
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Market Size in 2023 |
USD 264.9 Billion |
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Market Size by 2032 |
USD 520.61 Billion |
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Growth Rate From 2023 to 2032 |
CAGR of 6.99% |
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Base Year |
2022 |
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Forecast Period |
2023 to 2032 |
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Segments Covered |
By Type, By Service, By Industrial Vertical |
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Market Analysis (Terms Used) |
Value (US$ Million/Billion) or (Volume/Units) |
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Regional Scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
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Key Companies Profiled |
CEVA, Agility, DHL Supply Chain, DB Schenker, Kuehne + Nagel, DSV, SNCF Logistics/GEODIS, Ryder System, Yusen Logistics, UPS Supply Chain, Hitachi Transport System, GEODIS, Neovia Logistics Services, Penske, XPO Logistics, Inc., Ryder System, Inc. and Others. |
Logistics refers to the flow of goods from one place to another. Contract Logistics is defined as the inclusive process from production to distribution at the final point of sale. It is a broader course of action that integrates conventional logistics with supply chain management processes. The companies operating in contract logistics industry handle activities such as designing and planning supply chains, designing facilities, warehousing, transporting & distributing goods, processing orders & collecting payments, managing inventory, and even providing certain aspects of customer service. This refers to the outsourcing of resource management tasks to third-party service providers.
Currently, the contract logistics market requires a wide range of services and precise logistics practices. Therefore, contract logistics has become an ideal solution for companies that wish to monitor and manage their operations. For instance, in December 2021, A.P. Moller – Maersk announced the signing of an international freight supply chain management partnership with Unilever, which is a significant player in the FMCG space to combine the execution of its global ocean and air transport, intending to enhance visibility, increasing efficiency and driving reductions in emissions across its operations.
The factors such as growth in e-commerce industry, rise in trade related agreements, and growth in manufacturing industry supplement the growth of the contract logistics market. However, poor infrastructure and higher logistics costs and lack of control of manufacturers on logistics service are the factors expected to hamper the growth of the market. In addition, emergence of last-mile deliveries coupled with logistics automation and surge in use of information technologies (IT) solutions & software creates market opportunities for the key players operating in the contract logistics industry.
E-commerce refers to the buying and selling of goods by using internet. Third-party logistics service providers encompass shipping of products to consumers. In addition, the e-commerce industry utilizes contract logistics service to manage and oversee the supply chain of e-commerce companies, which allows these companies to focus on marketing and other business operations. Thus, due to numerous benefits provided by logistics to the e-commerce industry, adoption of logistics service is rising at a significant rate, which is driving the growth of the contract logistics market. For instance, in January 2022, Penske collaborated with Röhlig Logistics, provider of logistics services to form a new joint venture company called Rohlig Penske Logistics GmbH, operating primarily in Germany and the Netherlands. This new joint venture incorporated 55,000 sqm of additional warehousing, transport management operations, and e-commerce logistics with plans to accelerate additional growth across Europe. Further, in September 2020, the e-commerce giant Mercado Libre bought a minority stake in Kangu, a Brazilian logistics startup to boost e-commerce. Kangu enables small retailers to collect and withdraw products purchased via e-commerce. Thus, owing to such growth in e-commerce industry is expected to drive the contract logistics market in the forecast period.
Growth in manufacturing industry
Industries that deal with the transformation of goods or materials into new products are called manufacturing industries. The growth rate of the country’s manufacturing industry is an indicator of its economic strength. The largest European nations such as Germany, the UK, France, and Italy traditionally dominate the manufacturing sector. As these countries became increasingly service-oriented, the manufacturing sector saw large losses, with manufacturing industries relocating and general employment in the sector decreasing. Luckily, for Europe, instead of moving abroad, much of the manufacturing has just moved over to Central and Eastern Europe. Countries such as Poland, Slovakia, and the Czech Republic have taken up the mantle of manufacturing in Europe. These countries and their neighbors have seen tremendous growth in the manufacturing sector, and they are helping reaffirm Europe as a global manufacturing center. As of 2020, the program called ‘Move to 4.0’ was launched to support the transformation of existing manufacturing companies in Europe by diversifying or transforming their businesses through innovative technologies and new business models. Such marvelous growth in the manufacturing industry is expected to drive the contract logistics market.
Surge in use of information technologies (IT) solutions & software
Adoption of IT solutions in logistics service is extremely essential for smooth and efficient flow of the entire supply chain. IT solution adds economic value to the supply chain. For timely delivery and tracing goods in supply chain, IT solution plays a vital role. Various software, such as warehouse management system, Electronic Data Interchange (EDI), and cloud computing, help contract logistics service providers to enhance their real-time monitoring and tracking capabilities. Thus, increase in adoption of IT solutions and software is anticipated to increase the efficiency and smoothen the flow of supply chain, providing a remarkable growth opportunity for the key players operating in the contract logistics market. For instance, in January 2021, DB Schenker collaborated with Microsoft to develop solutions for enhanced supply chain performance on the Azure platform. This made the supply chains solution offerings more efficient & data driven, and consequently resulted in a better experience for its customers. Also, Kestraa, a Brazilian logistics startup, raised $2.7 million funding from Canary Ventures and various angel investors for logistics software. Kestraa is a cloud-based B2B solution for freight-management, connecting ship-owners, cargo agents, freight forwarders, government systems, and more. The software allows stakeholders to manage their shipments, anticipate delays, and optimize on delivery time. Customers are also able to monitor the delivery process of their goods. Thus, surge in use of information technologies (IT) solutions & software is expected to create lucrative opportunities in the market during the forecast period.
Some of the prominent players in the Contract Logistics Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Contract Logistics market.
By Type
By Service
By Industrial Vertical
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Contract Logistics Market
5.1. COVID-19 Landscape: Contract Logistics Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Contract Logistics Market, By Type
8.1. Contract Logistics Market, by Type, 2022-2032
8.1.1 Insourcing
8.1.1.1. Market Revenue and Forecast (2022-2032)
8.1.2. Outsourcing
8.1.2.1. Market Revenue and Forecast (2022-2032)
Chapter 9. Global Contract Logistics Market, By Service
9.1. Contract Logistics Market, by Service, 2022-2032
9.1.1. Warehousing
9.1.1.1. Market Revenue and Forecast (2022-2032)
9.1.2. Transportation
9.1.2.1. Market Revenue and Forecast (2022-2032)
9.1.3. Aftermarket Logistics
9.1.3.1. Market Revenue and Forecast (2022-2032)
9.1.4. Distribution
9.1.4.1. Market Revenue and Forecast (2022-2032)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2022-2032)
Chapter 10. Global Contract Logistics Market, By Industrial Vertical
10.1. Contract Logistics Market, by Industrial Vertical, 2022-2032
10.1.1. E-Commerce
10.1.1.1. Market Revenue and Forecast (2022-2032)
10.1.2. Retail
10.1.2.1. Market Revenue and Forecast (2022-2032)
10.1.3. Manufacturing
10.1.3.1. Market Revenue and Forecast (2022-2032)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2022-2032)
Chapter 11. Global Contract Logistics Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Type (2022-2032)
11.1.2. Market Revenue and Forecast, by Service (2022-2032)
11.1.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Type (2022-2032)
11.1.4.2. Market Revenue and Forecast, by Service (2022-2032)
11.1.4.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Type (2022-2032)
11.1.5.2. Market Revenue and Forecast, by Service (2022-2032)
11.1.5.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Type (2022-2032)
11.2.2. Market Revenue and Forecast, by Service (2022-2032)
11.2.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Type (2022-2032)
11.2.4.2. Market Revenue and Forecast, by Service (2022-2032)
11.2.4.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Type (2022-2032)
11.2.5.2. Market Revenue and Forecast, by Service (2022-2032)
11.2.5.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Type (2022-2032)
11.2.6.2. Market Revenue and Forecast, by Service (2022-2032)
11.2.6.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Type (2022-2032)
11.2.7.2. Market Revenue and Forecast, by Service (2022-2032)
11.2.7.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Type (2022-2032)
11.3.2. Market Revenue and Forecast, by Service (2022-2032)
11.3.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Type (2022-2032)
11.3.4.2. Market Revenue and Forecast, by Service (2022-2032)
11.3.4.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Type (2022-2032)
11.3.5.2. Market Revenue and Forecast, by Service (2022-2032)
11.3.5.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Type (2022-2032)
11.3.6.2. Market Revenue and Forecast, by Service (2022-2032)
11.3.6.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Type (2022-2032)
11.3.7.2. Market Revenue and Forecast, by Service (2022-2032)
11.3.7.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Type (2022-2032)
11.4.2. Market Revenue and Forecast, by Service (2022-2032)
11.4.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Type (2022-2032)
11.4.4.2. Market Revenue and Forecast, by Service (2022-2032)
11.4.4.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Type (2022-2032)
11.4.5.2. Market Revenue and Forecast, by Service (2022-2032)
11.4.5.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Type (2022-2032)
11.4.6.2. Market Revenue and Forecast, by Service (2022-2032)
11.4.6.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Type (2022-2032)
11.4.7.2. Market Revenue and Forecast, by Service (2022-2032)
11.4.7.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Type (2022-2032)
11.5.2. Market Revenue and Forecast, by Service (2022-2032)
11.5.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Type (2022-2032)
11.5.4.2. Market Revenue and Forecast, by Service (2022-2032)
11.5.4.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Type (2022-2032)
11.5.5.2. Market Revenue and Forecast, by Service (2022-2032)
11.5.5.3. Market Revenue and Forecast, by Industrial Vertical (2022-2032)
Chapter 12. Company Profiles
12.1. CEVA
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Agility
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. DHL Supply Chain
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. DB Schenker
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Kuehne + Nagel
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. DSV
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. SNCF Logistics/GEODIS
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Ryder System
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Yusen Logistics
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. UPS Supply Chain
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers