Contract Logistics Market Expected to Reach USD 505.30 Billion by 2032 | Growing at a CAGR of 8.20%

Market Research Future (MRFR) has published a cooked research report on the “Global Contract Logistics Market”that contains information from 2018 to 2032.TheContract Logistics market is estimated to register a CAGR of 8.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Contract Logistics market— United Parcel Service of America, Inc., Ryder System, Inc., CJ Logistics Corporation, DB Schenker, Deutsche Post AG, XPO Logistics Inc., Penske, Kuehne Nagel, LOGISTEED, Ltd., YUSEN LOGISTICS CO., LTD., CEVA LOGISTICS, DSV, Agility, Hellmann Worldwide Logistics, Neovia Logistics Services, LLC., GEODIS, A.P. Moller - Maersk.

Contract Logistics Market Highlights

The global Contract Logistics market is accounted to register a CAGR of 8.20% during the forecast period and is estimated to reach USD 505.30 billion by 2032.

The market for contract logistics is being expanded and developed as a result of the e-commerce industry's explosive growth. Multiple variables that illustrate the symbiotic relationship between contract logistics and e-commerce are responsible for this expansion. First of all, the growth of internet retail has increased the need for effective logistical solutions. For e-commerce businesses to meet the demands of internet-connected customers, efficient order fulfillment, inventory management, and last-mile delivery services are essential.

Segment Analysis

The global Contract Logistics market has been segmented based service, type, industry vertical and mode of transportation.

On the basis of service, the market is segmented into Transportation, Warehousing, Distribution and Aftermarket Logistics. The distribution segment was attributed to holding the largest market share in 2022 due to cost savings throughout the entire supply chain process.

Based on type, the global Contract Logistics market has been segmented into Insourcing and Outsourcing. The outsourcing segment was expected to hold the largest market share in 2022 due to its low-cost nature and capacity to increase a company's international reach and profitability

On the basis of industry vertical, the market is segmented into Aerospace, Automotive, Industrial, High-tech, Pharma and healthcare, Retail, E-Commerce and Others. The retail segment was attributed to holding the largest market share in 2022 due to the rising urbanization these industries are growing at a rapid pace.

Based on mode of transportation, the global Contract Logistics market has been segmented into Railways, Airways, Roadways and Waterways. The roadways segment was expected to hold the largest market share in 2022 because they can go anywhere there are roads, including straight to customer’s homes.

Regional Analysis

The global Contract Logistics market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Contract Logistics market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Contract Logistics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Contract Logistics market comprises of Middle East, Africa, and Latin America.

The largest market share for Contract Logistics was maintained by the North American regional sector. Systems for logistics and supply chains are always being disrupted by technology. The market for contract logistics will grow faster as Ion usage and cutting-edge technology spread across all industries. The usage of logistic software improves operations and eliminates workflow headaches. Businesses that made an investment in logistics management software saw significant improvements in workflow, delivery, and procedure, which supported the growth of the contract logistics market. Real-time monitoring and pricing tracking are made possible by cloud-integrated logistics management software.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for Contract Logistics is driven by rising environmental consciousness and the establishment of strict environmental legislation. The market for contract logistics will grow faster as Iot usage and cutting-edge technology spread across all industries. The usage of logistic software improves operations and eliminates workflow headaches.

Additionally, Asia-Pacific is the area that is gaining ground the fastest in this market due to its quick economic development and thriving business climate. Asia-Pacific to take the top spot in the global market for contract logistics. The is being driven by a combination of robust economic expansion, rising disposable income, and expanding retail enactment. Urbanization and the rise of the middle class have increased domestic demand for luxury goods, household goods, and fast-moving consumer goods.

Furthermore, the rest of the world's Contract Logistics market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of logistic software enhances operations and removes hassles with workflow. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global Contract Logistics market is expected to reach USD 505.30 billion by 2032, at a CAGR of 8.20% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to its quick economic development and thriving business climate by government bodies through policies and initiatives


• Based on mode of transportation, the roadways segment was expected to hold the largest market share in 2022.


• United Parcel Service of America, Inc., Ryder System, Inc., CJ Logistics Corporation, DB Schenker, Deutsche Post AG, XPO Logistics Inc., Penske, Kuehne Nagel, LOGISTEED, Ltd., YUSEN LOGISTICS CO., LTD., CEVA LOGISTICS, DSV, Agility, Hellmann Worldwide Logistics, Neovia Logistics Services, LLC., GEODIS, A.P. Moller - Maersk.

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