Contract Logistics Market Growth Analysis & Forecast Report | 2024-2032

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Contract Logistics Market Growth Potential
Forecast, 2032
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• Industry Insights

• Contract Logistics Market is predicted to reach
  USD 593.9 billion by 2032. The industry growth is
  driven by the globalization of trade and
  expansion of supply chains across several
  regions. Additionally, rapid advancements in
  technology, such as the adoption of automation,
  robotics, and data analytics, have revolutionized
  the contract logistics, enhancing operational
  efficiency, optimize inventory management, and
  enable real-time tracking and visibility
  throughout the supply chain.
• In March 2022, CEVA Logistics, a global leader in
  third-party logistics, collaborated with Kodiak
  Robotics, Inc., a leading self-driving trucking
  company, to supply freight autonomously between
  Dallas Fort-Worth to Austin and Oklahoma City.

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• The exponential growth of online retailing has
  resulted in a surge in demand for warehousing,
  fulfillment, and last-mile delivery services.
  Contract logistics providers help in meeting the
  evolving needs of e-commerce businesses by
  offering tailored solutions to manage inventory,
  process orders, and ensure timely delivery to end
  customers. Moreover, the emphasis on
  sustainability and environmental responsibility,
  along with the companies seeking eco-friendly
  logistics solutions to minimize their carbon
  footprint will favor the industry growth.
• Automotive segment is poised to grow at
  substantial rate during 2023-2032, favored by the
  increasing complexity of automotive supply
  chains, characterized by diverse components.
  Contract logistics providers help in managing the
  intricate network of suppliers, manufacturers,
  and distributors, ensuring seamless coordination
  and efficient delivery of automotive parts, and
  finished vehicles.

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• Regional Analysis

• North America contract logistics industry size
  will register a strong CAGR through 2032,
  attributed to the resurgence of manufacturing
  activities and the revival of domestic production
  in key industries such as automotive, aerospace,
  and electronics. Additionally, the rapid
  expansion of e-commerce and the proliferation of
  online retail platforms highlight the need for
  efficient and flexible logistics solutions to
  support the growing volume of shipments. The
  extensive network of transportation
  infrastructure, including highways, railways, and
  ports, facilitates seamless connectivity and
  efficient distribution of goods, further
  bolstering the regional industry growth.

• Competitive Analysis

• A.P. Moller - Maersk
• CJ Logistics Corporation
• KuehneNagel
• XPO, Inc.
• DB Schenker
• DHL Supply Chain
• DSV

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