This report offers a detailed analysis of these key players in the global Logistics Business Outsourcing market. North America accounted for the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the logistics business outsourcing market revenue.
WILMINGTON, Del., May 17, 2024 (Globe Newswire) — Allied Market Research has published a report titled: ”Logistics outsourcing market Global Opportunity Analysis and Industry Forecast, 2023-2032 by Transport Mode (Air Freight, Ocean Carriers, Rail, Road) and End-User (Pharmaceuticals, Automotive, Food & Beverage, Chemicals, Others). According to the report, the logistics business outsourcing market was valued at $1.3 trillion in 2022 and is estimated to reach $2.1 trillion by 2032, growing at a CAGR of 5.7% from 2023 to 2032.
Key determinants of growth
As supply chains become more complex due to global trade, intermodal transportation, and evolving customer demands, companies are seeking expertise to effectively manage their logistics operations. Outsourcing logistics functions such as transportation management, warehousing, and distribution allows companies to focus on their core competencies while leveraging third-party logistics providers (3PLs) to streamline supply chain operations. Masu. Furthermore, cost reduction and operational efficiency are also important drivers of logistics outsourcing. By partnering with a 3PL, companies can benefit from economies of scale, resource sharing, and optimized transportation networks, resulting in lower overall logistics costs. Outsourcing can also help you avoid large capital investments in warehouse facilities, transportation vehicles, and technology infrastructure.
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Report scope and details:
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Report scope |
detail |
|
Forecast period |
2023-2032 |
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base year |
2022 |
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Market size in 2022 |
$1.3 trillion |
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Market size in 2032 |
$2.1 trillion |
|
CAGR |
5.7% |
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Number of pages in the report |
485 |
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Target segment |
Transport modes, end users, and regions |
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driver |
Growth of the e-commerce industry and increase in reverse logistics operations |
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Increase in trade-related agreements |
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opportunity |
The emergence of last-mile delivery combined with logistics automation |
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restraint |
Poor infrastructure and high logistics costs |
Procurement completion report (485 Pages containing insights, charts, tables, and diagrams (PDF) https://www.alliedmarketresearch.com/checkout-final/Logistics-Business-Outsourcing-Market-A283616
Impact of Russia-Ukraine War Scenario
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The conflict between Ukraine and Russia could disrupt supply chains, particularly in regions directly affected by the conflict or dependent on trade routes passing through the region. Logistics operations can experience delays, interruptions, and rerouting of shipments, which can impact the efficiency and reliability of outsourced logistics services.
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Additionally, rising geopolitical tensions and supply chain disruptions may increase the demand for risk management services within LBOs. Businesses may seek specialized logistics providers who can reduce geopolitical risks, diversify supply chain networks, and ensure business continuity in uncertain geopolitical situations.
Ocean career segmentation maintain Leadership position over the forecast period
Based on transportation mode, the ocean line carrier segment held the highest market share in 2022, accounting for around two-fifths of the global logistics business outsourcing market revenue. This is likely due to the fact that sea freight, especially the transport of goods between continents, accounts for a significant portion of world trade. As international trade continues to grow, businesses rely heavily on ocean carriers to facilitate the movement of goods between major trading regions. However, the ocean line carrier segment is projected to exhibit the fastest CAGR of 6.08% from 2023 to 2032. This may be because ocean-going carriers benefit from economies of scale and are able to transport large quantities of goods efficiently and cost-effectively. By leveraging large container ships and efficient transportation networks, ocean carriers can offer LBO customers competitive pricing and reliable transit times.
The pharmaceutical segment is maintain Leadership position over the forecast period
On an end-user basis, the pharmaceutical segment held the highest market share in 2022, accounting for more than a quarter of the global logistics outsourcing market revenue. This may be because pharmaceuticals often require precise temperature control throughout the supply chain to maintain product integrity and effectiveness. Specialist logistics providers provide temperature-controlled storage, transportation, and distribution services (such as cold chain logistics) to ensure the safe and effective delivery of pharmaceutical products such as vaccines, biologics, and specialty drugs. However, the food and beverage segment is projected to exhibit the fastest CAGR of 6.52% from 2023 to 2032. This is because the food and beverage industry operates within a complex supply chain characterized by perishable products, strict regulatory requirements and varying consumer demands. . Outsourcing logistics allows companies to leverage expertise in managing temperature-controlled storage, transportation, and distribution to ensure food safety and quality compliance.
North America~ maintain Its dominance will increase by 2032
On a regional basis, North America held the highest market share in terms of revenue in 2022, accounting for more than two-fifths of the logistics business outsourcing market revenue. This can be attributed to North America, particularly the United States and Canada, comprising the world’s largest and most diverse economies. The region is home to a wide range of industries including manufacturing, retail, healthcare, technology, automotive, and consumer goods, all of which rely on efficient logistics and supply chain solutions. The size and diversity of the North American economy has increased the demand for outsourced logistics services. However, Asia Pacific is expected to witness the fastest CAGR of 7.14% from 2023 to 2032. This is because the Asia-Pacific region is home to some of the world’s fastest growing economies, including China, India, Japan, South Korea, and other countries. Southeast Asian countries. Economic growth in the region is driving industrialization, urbanization and increased consumption, resulting in increased demand for efficient logistics and supply chain services.
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Major Market Players:
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Inexia (SNCF Group)
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United Parcel Service of America, Inc.
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XPO Logistics Co., Ltd.
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DHL International GmbH
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Kuehne + Nagel International AG
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fedex corporation
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Deutsche Bahn AG
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Nippon Express Co., Ltd.
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DSV A/S
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AP Moller – Maersk
This report offers a detailed analysis of these key players in the global Logistics Business Outsourcing market. These players are adopting various strategies such as expansion and product launches to increase their market share and maintain a dominant share in different regions. The report helps to introduce the competitive scenario by highlighting business performance, business segments, product portfolio, and strategic moves of market players.
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