After a painful 2020, which is expected to see the global contract logistics market shrink by 4.1%, Ti’s latest forecasts show a brighter picture as the market bounces back from the pandemic, with a CAGR of 5.4% between 2020 & 2024.
Growth projections are buoyed by the prospect of an economic recovery in 2021, along with improving prospects for the retail sector and the shift to e-commerce.
Asia Pacific’s post-Covid contract logistics market is set to expand fastest, at a CAGR of 8% from 2020-2024. Europe, the Middle East, Africa and Latin America’s markets are also set to recover strongly over the forecast period. Prospects for growth in North America are good too, although the region’s contract logistics market is expected to grow slower than any other to 2024.
Our latest whitepaper contains a breakdown of 2020-2024 contract logistics market growth forecasts, including analysis of regional growth prospects.
Enter your details below to download a copy of the whitepaper:
