Asia-Pacific dominated the market in 2021. This is primarily due to the booming e-commerce industry in emerging economies. In addition, the increased adoption of outsourced logistics services in the region drives the growth of the contract logistics market in Asia-Pacific. Moreover, high government support for the development of logistics infrastructure in the region boosts market growth. In addition, new trade agreements such as the Regional Comprehensive Economic Partnership, which went into force in 2022, rise in disposable incomes, and increase in internet access support the region’s rapid e-commerce boom and burgeoning digital economy, which in turn propel the market.
As per the report published by Allied Market Research, the global contract logistics market generated $243.6 billion in 2021, and is expected to reach $505.3 billion by 2031, growing at a CAGR of 7.5% from 2022 to 2031. The report provides an in-depth analysis of top segments, changing market trends, value chains, key investment pockets, competitive scenarios, and regional landscape. The report is an essential and helpful source of information for leading market players, investors, new entrants, and stakeholders in formulating new strategies for the future and taking steps to strengthen their position in the market.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 – (348 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/11879
Growth in the e-commerce industry, increase in trade-related agreements, and growth in manufacturing have boosted the growth of the global contract logistics market. The market across Asia-Pacific held the lion’s share in 2021, accounting for nearly half of the market. The logistics companies that were involved in storage, movement, and flow of goods were among the worst-hit companies during the Covid-19 pandemic.
In addition, the surge in maritime transportation, growth in logistics & supply chain innovation, rapid modernization of warehouse facilities, and heavy consumer demand for e-commerce are the primary factors that propel the expansion of the contract logistics market in Japan. For instance, Japan is currently the world’s third largest and is one of the fastest-growing e-commerce markets in the world. Hence, small Japanese vendors are actively moving to the online market in response to the surge in use of the internet by Japanese consumers driving the demand for the market.
Moreover, automotive is one of the most important areas in contract logistics, especially in places such as China, which has the world’s largest automotive industry. For 2021, new vehicle sales in the Chinese market increased by 3.8% year-over-year to 26,275,000 units (on a factory-shipped basis, including exports), marking the first full-year increase in four years, despite a monthly year-over-year decline since May 2021. Despite the pandemic, carmakers in the region have kept pace going with the introduction of new models. Moreover, the rapid growth in cross-border e-commerce transactions is one of the major factors that drives the growth of the contract logistics market in China. In addition, growth in industrial & manufacturing activities coupled with increase in cross-border trade & export activities propel the growth of the contract logistics in China.
Based on industry vertical, the manufacturing segment held the largest share in 2021, accounting for more than one-third of the market, and is expected to continue its dominance during the forecast period. However, the retail segment is expected to register the highest CAGR of 9.03% during the forecast period.
On the basis of mode of transportation, the roadways segment held the largest share in 2021, contributing to more than two-fifths of the market. However, the airways segment is projected to register the highest CAGR of 11.26% during the forecast period.
The global contract logistics market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the lion’s share in 2021, accounting for nearly half of the market. However, the market across LAMEA is expected to register the highest CAGR of 9.9% from 2022 to 2031.
Interested to Procure the Data with Actionable Strategy & Insights? Inquire Before Buying – https://www.alliedmarketresearch.com/purchase-enquiry/11879
Moreover, the demand for more adaptable and agile supply networks as well as growth in trends to outsource non-core duties to specialized providers’ perfectors drive the growth of the industrial contract logistics market. Material receiving & material distribution are important aspects of the industry in the logistics market. An increase in demand for procuring raw materials and then handing them over to manufacturers for production is expected to create demand for the contract logistics.
The global contract logistics market report includes an in-depth analysis of the prime market players such as A.P. Moller – Maersk, CEVA Logistics AG, Agility, DB Schenker, CJ Logistics Corporation, DSV, GEODIS, Hellmann Worldwide Logistics, Deutsche Post AG, Kuehne+Nagel International AG, Hitachi Transport System, Ltd., Penske, Neovia Logistics Services, LLC, United Parcel Service, Inc. (UPS), Ryder System, Inc., Yusen Logistics Co., Ltd., and XPO Logistics, Inc.
KEY FINDINGS OF THE STUDY
- By service, the transportation segment is anticipated to exhibit significant growth in the near future.
- By type, the outsourcing segment is anticipated to exhibit significant growth in the near future.
- By industry vertical, the retail segment is anticipated to exhibit significant growth in the near future.
- By mode of transportation, the roadways segment is anticipated to exhibit significant growth in the near future.
- By region, LAMEA is anticipated to register the highest CAGR during the forecast period.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐭 – https://www.alliedmarketresearch.com/request-for-customization/A11514
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube
