Global Contract Logistics Market Size study with COVID-19 impact, by Type (Outsourcing, Insourcing), by Service (Transportation, Warehousing, Packaging Processes and Solutions, Production Logistics, Aftermarket Logistics, Others), by End-User (Aerospace, Automotive, High-Tech, Pharma & Healthcare, Retail, Others) and Regional Forecasts 2020-2026
London, UK -- (SBWIRE) -- 01/18/2022 -- Global Contract Logistics Market is valued approximately at USD 213 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2020-2026. Contract logistics is defined as the set of comprehensive processes that starts from production to distribution at the final point of sale. This means, contract logistics does not involve the process of transferring goods, as it is a broader course of action that integrates traditional logistics with supply chain management processes. It is the outsourcing of resource management tasks to a third-party vendor. These tasks include a variety of activities ranging from designing facilities, distributing and transporting goods to planning supply chains and managing inventory, and even offering specific aspects of customer service. The most vital benefit of contract logistics is cost savings, either in the form of time or equity, thus, reducing the need to assemble a costly infrastructure. Increasing e-commerce sector around the world, rise in demand for service integration & data management, and the inclination of manufacturers towards more flexible solutions are the few factors responsible for high CAGR of the market over the forecast period.
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For instance, as per the Shopify, a multinational e-commerce company based in Canada, the ecommerce sales were estimated almost $2.3 trillion in 2017 and is anticipated to grow to almost $4.5 trillion by 2021. This, in turn, is expected to accelerate the demand of contract logistics, thus contributing to the market growth around the world. However, the production and distribution of goods & services has contracted due to COVID-19 crisis with China's manufacturing shutdown and unexpected recession conditions in North America and Europe. The excess of delayed orders, blank sailings and port calls have intensified volume pressures on the contract-based supply chain. The pandemic has generated a supply shock across the world that cause an acute disruption in supply chain, therefore hampering the demand of contract logistics. In addition, lack of direct oversight and dearth of skilled vendors are the few other factor hindering the market growth over the forecast period of 2020-2026.
Key Players Covered in Contract Logistics market report are:
Deutsche Post AG
XPO Logistics, Inc.
Kuehne + Nagel International Ag
Ceva Logistics Ag
DB Schenker (Deutsche Bahn Ag)
Hitachi Transport System, Ltd.
Neovia Logistics Services, LLC
UPS Supply Chain Solutions
Ryder System, Inc.
The opinions test the development, supply and call for requests, provide development techniques, and new upgrades policy over the forecast duration from 2021-2027 for the Contract Logistics market, and key partners may want to possibly use the report's realities, tables, and figures to format key drives as a way to spark off the enterprise corporation's success. These facts are likely carried out to test the overall producers, sales, and price, honestly, as the commercial employer offers channels, retailers, and sellers, wholesalers, research discoveries, agency capabilities, and developments.
Contract Logistics Market Segmentation:
Packaging Processes and Solutions
Pharma & Healthcare
This examination takes primary and secondary analysis on the essential and optionally to be had drivers of the not unusual commercial organization, simply because of the pinnacle economies, the market offers, supply patterns, and nearby market conditions. The international Contract Logistics market takes an examination that incorporates an intensive examination of big nicely worth and amount at the global, organisation, and provincial stages. Along the handiest's traces, the evaluation makes use of verifiable evidence and anticipates the market over the forecast length of 2021-2027.
Regional Analysis Covered in this report:
North America [United States, Canada]
Europe [Germany, France, U.K., Italy, Russia]
Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
Latin America [Mexico, Brazil, Argentina]
Middle East & Africa [Turkey, Saudi Arabia, UAE]
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The Contract Logistics market pay attention similarly consists of a quantitative valuation of the state-of-the-art tendencies, establishment strategies, and market setting of large manufacturing opposition. This record consists of the market, income, item portfolio with the beneficial useful resource of the organisation, and geological angle to decide the organization surroundings for the number one institution. This listens moreover takes a have a look at the critical difficulty strategies used by expert businesses to make the Contract Logistics market extra best to the market competition.
To provide a radical evaluation of the existing competitor's scene, the evaluation reviews the market forecast for 2021-2027 to provide an essential assessment of the worthwhile employer, simply as Contract Logistics market pioneer practices like partnerships, unions and acquisitions, and controversial agreements.
Table of Content - Major Key Points
Executive Summary, Market Snapshot, Key Trends, Estimation Methodology, Research Assumption
Global Market Definition and Scope, Currency Conversion Rates
Global Competitor Landscape by Players
Global Market Dynamics, Drivers, Challenges, Opportunities
Global Market Industry Analysis, Porter's 5 Force Model, PEST Analysis, Investment Adoption Model
Global Market Analysis, by Type, by Application, by region
Competitive Intelligence, Top Market Strategies, Company Profiles
Research Process, Attributes & Assumption
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