Global Contract Logistics 2022
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Global Contract Logistics 2022 reveals the global contract logistics market rebounded and exceeded its pre-pandemic levels in 2021, with all regions also experiencing market growth, a marked change from 2020. Challenges remain however and this growth is expected to moderate as the global economy enters a pronounced slowdown.
Ti’s Global Contract Logistics 2022 market report provides in depth analysis of the current and future state of the global contract logistics market. The report contains Ti’s bespoke market sizing and forecast data for 2021 through to 2026 and addresses the key trends impacting the market, such as technology, warehousing and vertical sector performance.
The report also contains comparative profiles of the leading contract logistics providers, covering operations, finances, technology, sustainability policy and geographic coverage.
Use the report to plan for the rest of 2022 through to 2026:
- Plan which sectors to divert resources towards to capture new growth and which to pivot away from to avoid downside risks
- Set expectations for market growth based on the latest data and projections and plan how to sustain your business
- See how other LSPs are dealing with core operational problems with labour shortages and transport crunches, to keep operations moving
This report contains:
- Market size and forecasts – 2021 market sizes and growth rates, 2022 growth rates and CAGR forecasts to 2026, split by region and vertical sector.
- Provider comparisons - covering market position, geographic coverage, value added services, revenue & volumes and sustainability practices.
- Global retail market analysis.
- Vertical sector trend and impact analysis.
- Analysis of the current and future state of the warehousing market.
- Global and regional Top 10's.
- Provider profiles.
This report contains:
- Market size and forecasts – 2021 market sizes and growth rates, 2022 growth rates and CAGR forecasts to 2026, split by region and vertical sector.
- Provider comparisons - covering market position, geographic coverage, value added services, revenue & volumes and sustainability practices.
- Global retail market analysis.
- Vertical sector trend and impact analysis.
- Analysis of the current and future state of the warehousing market.
- Global and regional Top 10's.
- Provider profiles.
Key Findings:
- The global contract logistics market grew by 8.7% in 2021, and is expected to grow by a further 7.1% in 2022.
- Asia Pacific remains the largest market by region, China will overtake the US’ market value by 2026.
- e-retail and physical retail uncertainty poses difficult questions for logistics service providers.
- Logistics services provided to the retail sector were valued at over €2 trillion in 2021.
- Logistics companies need to be very sensitive to the risks that exposure to specific vertical sectors presents.
- The demands of warehousing are changing due to increasing environmental pressures on operations.
- The development of the global warehouse industry is being influenced by innovation, supply chain trends and customer needs.
Key Questions:
- How fast is the market expected to grow over the next 5 years?
- Which regions experienced the fastest growth in 2021? Will this growth continue?
- What’s the future for warehousing? Which technologies will dominate the industry?
- How are vertical sector trends impacting logistics output?
- How has recent M&A activity transformed the market? Who are the leading players?
- What’s the future for retail logistics?
- What are the key logistics technology trends for the next 12 months?
- What sustainability efforts are the leading industry players adopting?
- What’s the secret to an exceptional value proposition?
Nia Hudson joined Ti as a research analyst in 2021. She studied History as an undergraduate, before moving on to complete a master’s in public policy at Bristol University, where she developed a keen interest in globalisation and supply chains. During her time at Bristol, she also worked as a teaching assistant in a primary school. Nia is passionate about research and contributes to Logistics Reports and Ti’s Global Supply Chain intelligence portal.
Prof John Manners-Bell is Chief Executive of Ti and has over 25 years’ experience working in and analysing the global logistics sector. John started his working life as an operations manager of a logistics company based in the UK. Prior to establishing Ti in 2002, he worked as an analyst in consultancies specialising in international trade, transport and logistics. He also spent a number of years as a manager of UPS, in a strategic marketing and communications role. He is a Fellow of the UK Chartered Institute of Logistics and Transport and former Chair of the Supply Chain and Logistics Global Advisory Council of the World Economic Forum.
Michael Sinclair joined Ti in 2021 as a researcher. He studied Criminology and Sociology at Cardiff University where he developed a passion and skillset for research. Michael is passionate about learning about researching logistics companies’ strategy, and what future developments may occur. Michael contributes to Logistics Briefing and Ti’s Global Supply Chain intelligence portal.
- GLOBAL RETAIL: A MARKET IN TRANSITION
- ‘SUPER SECTOR’ CYCLICALITY: MITIGATING LOGISTICS BUSINESS RISK
- WAREHOUSING: STATE OF THE MARKET
- GLOBAL CONTRACT LOGISTICS MARKET SIZE
- PROVIDER COMPARISONS
- TOP 10S
- PROVIDER PROFILES
Full table of contents is available in the report brochure which can be downloaded via the form opposite.
Slowdown forecast for Contract Logistics Market
14th July 2022, Bath, UK – 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.
- Global contract logistics market is expected to grow at a slower pace of 7.1% y-o-y
- DHL and GXO maintain leading positions in North America and Europe
- China poised to overtake the US’ market value by 2026.
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.
Report Highlights
- The global contract logistics market grew by 8.7% year-on-year in 2021. The global market is expected to grow by a further 7.1% y-o-y in 2022 and at a Compound Annual Growth Rate (CAGR) of 4.9% over the five years to 2026.
- Asia Pacific remains the largest contract logistics market by region, with China poised to overtake the US’ market value by 2026.
- The implications for the logistics sector supplying retailers with logistics services will be transformative. The reality of retail logistics will no longer be that of ‘trucks & sheds’, but rather a very reengineered environment that empathises speed, precision, and responsiveness.
- DHL and GXO have led the global contract logistics market. Both have managed to maintain leading positions in North America and Europe which has helped both to top the list.
- Demand for warehousing is increasing, with low vacancy rates across the globe. The development of the global warehousing industry is also being influenced by three major categories of change drivers: supply chain trends, innovation, and customer needs.
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.
This report is perfect for:
- C-level executives at logistics companies and shippers
- VP and Directors responsible for contract logistics services
- Marketing managers at logistics companies
- Logistics and supply chain procurement staff at shippers
- Logistics and supply chain managers at shippers
- Consultants working in the contract logistics market
- Financial analysts with interests in the contract logistics market
- Supply chain analysts at logistics companies
- Investors
- Knowledge managers