Analysis and Forecasts by Type (Outsourcing and Insourcing); Services (Transportation, Warehousing, Packaging Processes and Solutions, Distribution, Production Logistics and Aftermarket Logistics); and End-user (Aerospace, Automotive, Consumer, High-Tech, Industrial, Pharma & Healthcare and Retail)
Contract Logistics market in North America is expected to grow from US$ 50,984.7 Mn in 2017 to US$ 68,729.1 Mn by the year 2025. This represents a CAGR of 3.9% from the year 2018 to 2025.
Instantaneous growth of manufacturing industry and profits in handling seasonal variations of products is fueling the North America Contract Logistics market. Contract logistics firms have diversified resource network which helps core companies to expand quickly and efficiently in a cost-effective manner. Depending on the needs of core companies, outsourced logistics possess the capability to scale labor, space and transportation needs irrespective of the fluctuation in inventory. Outsourced logistics firms deliver adequate resources and flexibility in services even in case of seasonal inventory or new product release. Many of the businesses experience seasonal fluctuation in customer demand and it is essential to handle such swings in the industry to maintain efficiency in operations, thereby driving the Contract Logistics market in North America. This factor has created a potential market space for North America Contract Logistics market.
The bolstering growth rate of the e-commerce sector is anticipated to fuel the North America Contract Logistics market growth. The advent of the internet had taken global business markets by storm at the start of the 21st century. Countries and regions that realized its potentials have made most of the business opportunity provided by the internet and have been successful in improving their economies. With the rollout of the internet, different business models were created and e-commerce is one such example. The E-commerce industry gathered pace in the early part of this decade with advancements in the internet infrastructures & speed, as well as increasing smartphones and internet penetration among the users. These initiative by the market player are enhancing the growth of North America Contract Logistics market.
The US has anticipated to leads the Contract Logistics market across the North America region through the forecast period. The US is one of the leading market for contract logistics in North America. Increase in the inclination of manufacturers to develop paperless work along with the rise in adoption of just-in-time trucking for e-commerce companies is boosting the market for contract logistics in the U.S. The industry, therefore, offers excellent opportunities for the high tech development, particularly to the automotive shippers along with other verticals. This bolsters the North America Contract Logistics market on the forecast period. The figure given below highlights the revenue share of Mexico in the North America Contract Logistics market in the forecast period:
Exhibit: Mexico Contract Logistics Market Revenue and Forecasts to 2027 (US$ Bn)
NORTH AMERICA CONTRACT LOGISTICS – MARKET SEGMENTATION By Type
• Outsourcing
• Insourcing
By Services
• Transportation
• Warehousing
• Packaging Processes and Solutions
• Distribution
• Production Logistics
• Aftermarket Logistics
By End User
• Aerospace
• Automotive
• Consumer
• High-Tech
• Industrial
• Pharma & Healthcare
• Retail
• Others
By Country
• US
• Canada
• Mexico
Companies Mentioned
• Deutsche Post AG
• XPO Logistics Inc.
• Kuehne + Nagel International AG
• CEVA Logistics AG
• DB Schenker
• Hitachi Transport System Ltd
• Geodis
• Neovia Logistics Services
• UPS Supply Chain Solutions
• Ryder System
North America Contract Logistics Market Strategic Insights
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North America Contract Logistics Market Segmentation Analysis
North America Contract Logistics Market Report Highlights
North America Contract Logistics Report Scope
Report Attribute
Details
Market size in 2017
US$ 50,984.7 Million
Market Size by 2025
US$ 68,729.1 Million
CAGR (2018 - 2025)
3.9%
Historical Data
2015-2016
Forecast period
2018-2025
Segments Covered
By Type
Outsourcing
Insourcing
By Services
Transportation
Warehousing
Packaging Processes and Solutions
Distribution
Production Logistics and Aftermarket Logistics
By End-user
Aerospace
Automotive
Consumer
High-Tech
Industrial
Pharma & Healthcare and Retail
Regions and Countries Covered
North America
US, Canada, Mexico
Market leaders and key company profiles
Deutsche Post AG
XPO Logistics Inc.
Kuehne + Nagel International AG
CEVA Logistics AG
DB Schenker
Hitachi Transport System Ltd
Geodis
Neovia Logistics Services
UPS Supply Chain Solutions
Ryder System
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North America Contract Logistics Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
How big is the North America Contract Logistics Market?
The North America Contract Logistics Market is valued at US$ 50,984.7 Million in 2017, it is projected to reach US$ 68,729.1 Million by 2025.
What is the CAGR for North America Contract Logistics Market by (2018 - 2025)?
As per our report North America Contract Logistics Market, the market size is valued at US$ 50,984.7 Million in 2017, projecting it to reach US$ 68,729.1 Million by 2025. This translates to a CAGR of approximately 3.9% during the forecast period.
What segments are covered in this report?
The North America Contract Logistics Market report typically cover these key segments-
Type (Outsourcing, Insourcing)
Services (Transportation, Warehousing, Packaging Processes and Solutions, Distribution, Production Logistics and Aftermarket Logistics)
What is the historic period, base year, and forecast period taken for North America Contract Logistics Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Contract Logistics Market report:
Historic Period : 2015-2016
Base Year : 2017
Forecast Period : 2018-2025
Who are the major players in North America Contract Logistics Market?
The North America Contract Logistics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Deutsche Post AG
XPO Logistics Inc.
Kuehne + Nagel International AG
CEVA Logistics AG
DB Schenker
Hitachi Transport System Ltd
Geodis
Neovia Logistics Services
UPS Supply Chain Solutions
Ryder System
Who should buy this report?
The North America Contract Logistics Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the North America Contract Logistics Market value chain can benefit from the information contained in a comprehensive market report.
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