North America Contract Logistics Market- Growth, COVID-19 impact and Forecast (2021-2025)
North America Contract Logistics market is segmented by Type (Insourced and Outsourced); End-user (Manufacturing & Automotive, Consumer Goods & Retail, High-Tech, Healthcare and Pharmaceuticals, and Others); Region (North America, Europe, APAC, ROW).
Introduction
Contract logistics offer wide-ranging services from production to distribution and aftermarket services. The companies operating in the global contract logistics market provide standardized warehousing, transport, and other value-added services to form a customized supply chain solution.
Factors such as increasing demand for outsourced warehouse services are driving the market demand. In addition, the rising demand for e-commerce services and same-day delivery is expected to fuel the market growth.
Despite the slowdown in international trade, the need for contract logistics services among essential commodity industries has been increasing during the pandemic. But, the recovering manufacturing activities in full capacities from 2021 beginning is expected to mitigate numerous potential negative impacts caused during COVID-19 and maximize their opportunities in the future.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6. Five Force analysis
7. Market Sizing
8. Market segmentation
9. Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10. Growth drivers
10.1 Increasing international trade volumes
10.2 Growing E-commerce sector
11. Key Market Trends
12. Impact of Covid-19
13. Challenges
14. Customer Insights analysis
15. Major Market Players
15.1 DHL
15.2 XPO Logistics
15.3 UPS
15.4 FedEx
15.5 DB Schenker
15.6 Kuehne + Nagel International
15.7 Ryder Systems
15.8 J.B. Hunt Transport Services
15.9 CEVA Logistics
15.10 SNCF Logistics/Geodis
16. Recent Developments
17. Future Scope
18. Strategic Recommendations
Market Overview
The North America contract logistics is expected to grow to $55.10 billion by 2025
Growth momentum is expected to accelerate during the forecast period with 2.50% CAGR
With the emergence of e-commerce, start-ups related to on-demand and cloud based warehousing are gaining popularity in this region.
Manufacturing and automotive end-user industries are expected to grow at higher rate during the forecast period.
Key Trends
The increasing demand for integrated services is likely to provide opportunities for market growth.
The technological developments in contract logistics solutions are also expected to drive the demand.
Key Market Players
Some of the key players in the market are DHL, XPO Logistics, UPS, FedEx, DB Schenker, Kuehne + Nagel International
As the market is exhibiting a steady growth rate, the players are concentrating on factors such as technological advancements, become more digitized, and increase the scale and efficiency of their operations. This is mainly to retain their position in the competitive landscape.
Growth Drivers and Challenges
The growth in international trade volumes is a major driver for the contract logistics market.
The growing E-commerce sector is also another factor that is driving the market demand.