As per the industry analysis report titled ‘Global Contract Logistics Market - Analysis By Services (Transportation, Warehousing, Distribution, Aftermarket Logistics), Type, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)’, available with MarketStudyReport, global contract logistics market which held a valuation of USD 257.41 billion in 2021, is anticipated to gain strong returns during 2022-2027.

The integration of contract logistics in distribution and warehouse management systems, in congruence with technological advancements are the key factors aiding growth of global contract logistics market. Further, increasing prevalence of OEMs and ODM across several industrial verticals may enhance industry development in the upcoming years.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4814121/  

Based on type, the industry is divided into insourcing and outsourcing. Herein, outsourcing sector is anticipated to capture a substantial industry share by the forecast period end. Escalating demand for comfortability and security among customers across the globe is likely to contribute to the segmental expansion.

In terms of service, worldwide contract logistics marketplace is categorized into aftermarket logistics, distribution, warehousing, and transportation. The distribution segment has gained sizable traction in the recent years and is expected to experience an upward trend in the forthcoming years, creditable to growing number of material handling companies.

From a regional standpoint, Asia Pacific is the largest contributor to the total market share. This development can be attributed to growing inclination towards convenience in transportation and storage of goods, burgeoning urban population, rising levels of disposable income, and increasing prevalence electronic technology in the landscape.

The competitive framework of global contract logistics industry sphere is defined by key players such as D.B. Group, CEVA Logistics, Ryder System Inc., DHL Group, Hitachi Transport System Ltd., XPO Logistics, United Parcel Service (UPS), Agility Public
Warehousing Company K.S.C.P., and Kuehne + Nagel International AG.

These companies are consistently directing their efforts towards maintaining a strong presence in the business space through strategic alliances, acquisitions, R&D activities, and new product launches during the analysis timeframe.