Contract Logistics Market exceeds pre-pandemic value but growth is set to slow, warn analysts from transport consultancy Ti, in latest research report ̶ Global Contract Logistics 2022.
In 2021 the global contract logistics market rebounded and exceeded its pre-pandemic levels. The latest report from Ti – the leading provider of market research to the global logistics industry – shows that all regions have witnessed contract logistics market growth in 2021, a marked change from 2020. All regions have seen contract logistics markets surpass pre-pandemic levels.
The Global Contract Logistics Report ̶ written by industry researchers, analysts and associates ̶ is one of several reports published each year by the Ti team, utilising data from its GSCI knowledge portal, a data powerhouse with over 1m pieces of data and analysis.
The report takes an in-depth look at the implications of a transforming retail market for logistics providers, as well as the current warehousing landscape. It outlines the forces which are shaping the future of warehousing, and questions whether multi-storey warehousing could be the answer to historically low vacancy rates.
The full report – available here – also provides a snapshot of the contract logistics providers which are leading the market on both a global and regional level. The report analyses the performance of providers against one another based on geographical revenues, profit margins, vertical sectors, and technology.
e-commerce a major growth driver
After contracting by 3.3% in 2020, the global contract logistics market grew by 8.7% year-on-year in 2021, surpassing its pre-pandemic market value. Market expansion was driven largely by pent-up demand and savings growth in the face of restrictions on activity, as well as global trade and recovering manufacturing.
The e-commerce vertical was also a big growth driver during 2021, as the COVID-19 pandemic accelerated digital transformation and global internet penetration.
As the growth drivers gradually abate and the economy weakens, global trade growth is expected to moderate in 2022. As a result, the global contract logistics market is expected to grow at a slower pace of 7.1% y-o-y.
To download the full report, which examines the retail market for logistics providers and includes performance analysis of the providers leading the market visit: https://www.ti-insight.com/product/global-contract-logistics
Ti is the leading provider of market research solutions to the global logistics industry. With global research centres in the UK, USA and Indonesia, Ti operates a team of industry experienced researchers, analysts and associates who advise the World Economic Forum, World Bank, UN, and European Commission.
Global Supply Chain Intelligence (GSCi) is an online knowledge platform which provides users with unique data and analysis dedicated to the logistics industry, a powerhouse of data, changing global businesses.
NEW MARKET REPORT:
GLOBAL CONTRACT LOGISTICS 2022
– 2021 market sizes & growth rates, 2022 growth rates & forecasts to 2026, by region & vertical sector.
– In depth analysis of global retail.
– Vertical sector trends & impact analysis.
– The state of the warehousing market & the trends shaping the future of the industry.
– Global & regional Top 10’s.
– Provider profiles & comparisons.