This report focuses on the Contract Logistics Market Size, Revenue, Share, status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Contract Logistics development in North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA).
Key players in the contract logistics market are taking initiatives to gain maximum benefit from on the opportunities in emerging markets. Some of the major players in the contract logistics market include GEODIS, Deutsche Post AG, DB Schenker, Hitachi Transport System, Ltd., Kuehne + Nagel International AG, XPO Logistics, Inc., Ryder System, Inc., CEVA Logistics AG, Neovia Logistics Services, LLC, and UPS Supply Chain Solutions among others.
The global contract logistics market is experiencing continuous growth and is anticipated to rise in the coming years. The trend towards outsourcing logistics and demand for value-added logistics services are expected to grow in the near future. Moreover, demand for supply chain services is expected to witness strong growth in rapidly growing economies. Swift growth of manufacturing industry and their focus laid on core competencies, burgeoning needs for achieving cost efficiency, task optimizations & technological integrations pertaining to supply chain activities, and benefits in managing seasonal variations of products are projected to drive the market for contract logistics market during the forecast period. Also, an unprecedented growth rate of the e-commerce sector and enhanced focus on risk management in the supply chains and increasing collaborations is anticipated to fuel the growth of contract logistics market with ample of opportunities for the industry players.
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The retail is the leading end-user segment followed by automotive and industrial. Increasing diverse and complex product demands from customers, super-competitive markets, rising product customizations, and multi-channel retailing are some of the high profile challenges faced by the retail sector. Solutions to these challenges for the retail sector pertaining to the logistics activities are provided by the contract logistics providers. The other problems faced by the retailers include managing and fulfilling e-commerce transactions, supplying goods to the airports, shopping malls and various retail centres inside the city. The portfolio of services under the retail sector provided by contract logistics spans across all various retail outlets including hypermarkets, supermarkets, convenience stores, kiosks, e-tailers, and department stores.
The implementation of contract logistics services assists auto industries to increase customer satisfaction, control overall cost, and permits industry to use logistics as a competitive advantage above their competitors. The rapid expansion of the automotive industry especially in the developing economies and the rapid rise in vehicular demands globally are anticipated to propel growth in the automotive segment for contract based logistics market. The need to develop just-in-time and scalable solutions that optimize industrial operations and enhance productivity is one critical aspect in recent times. Further, the fast-growing industrial sector coupled with complex distribution challenges have facilitated the influx of contract logistics services in the industrial sector.
Asia Pacific region accounted for the maximum market share in 2017, approximately more than one-third of the total market share is captured by Asian countries. The high growth of contract logistics is majorly attributed to the presence of large numbers of e-commerce providers and retailers. Europe is the second dominating market in the contract logistics market, owing to the presence of robust automotive industry and single market strategy followed by North America.
Factors including continual economic development, growing urbanization, and growth in the middle-class population have supported the growth in domestic consumption of fast-moving consumer goods for everyday consumption, personal automobiles, household items, and luxury items. This, in turn, increases the retail sales and makes Asia-Pacific the leading market for the logistics service consumer. Also, APAC e-commerce sector is rising significantly pertaining to a constant increase in population and increasing penetration of the internet.
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Several other participants are also operational in global contract logistics market that offers its customers with robust solutions, thereby catalyzing the demand of contract logistics market.
The report segments the global Contract logistics market as follows:
1.1.1 Global Contract Logistics Market – By Type
• Outsourcing
• Insourcing
1.1.2 Global Contract Logistics Market – By Services
• Transportation
• Warehousing
• Packaging Processes and Solutions
• Distribution
• Production Logistics
• Aftermarket Logistics
• Others
1.1.3 Global Contract Logistics Market – By End-User
• Aerospace
• Automotive
• Consumer
• High-Tech
• Industrial
• Pharma & Healthcare
• Retail
• Others
1.1.4 Global Contract Logistics Market – By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o France
o Germany
o Italy
o Spain
o UK
o Rest of Europe
• Asia Pacific (APAC)
o Australia
o China
o India
o Japan
o Rest of Asia-Pacific
• Middle East & Africa (MEA)
o South Africa
o Saudi Arabia
o UAE
o Rest of MEA
• South America (SAM)
o Brazil
o Rest of MEA
Key Benefits of Buying this Research Study:
1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Contract Logistics Market
2. Highlights key business priorities in order to assist companies to realign their business strategies
3. The key findings and recommendations highlight crucial progressive industry trends in the Contract Logistics Market, thereby allowing players across the value chain to develop effective long term strategies
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.
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