US Contract Logistics Market to Record 5.63% CAGR in 2022 | Growth of e-commerce market in the United States to stimulate the market

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The contract logistics market in us covers the following areas:

United States Contract Logistics Market – Segmentation Analysis
the United States contract logistics market is segmented by Final user (Retail, pharmaceutical, automotive and others) and Type (Subcontracting and outsourcing). The Technavio report provides an accurate prediction of the contribution of all segments to the growth of the US contract logistics market size and actionable market insights on each segment.

United States Contract Logistics Market – Drivers and Challenges
The key factor driving the growth of the contract logistics market in the United States is the growth of the e-commerce market in the United States. For example, according to the Commerce Department’s Census Bureau, in Q3 2021, e-commerce sales increased 6.6% from Q3 2020, while total retail sales increased 13.1%. % over the same period. With the outbreak of COVID-19, there has been an increase in the growth of the online retail industry, which has created the demand for contract logistics service providers servicing electronics, goods fast moving consumer (FMCG), pharmaceuticals and food and beverage industries. Big brands, like Puma and Adidas, have many packages to ship per day. According to a recent survey by Accenture and GEODIS (of 200 major retail and consumer goods brands), sellers are anticipating the shift to online sales on their websites. This change is expected to continue even after the pandemic is over and should create opportunities for contract logistics providers over the next five years.

However, the main challenge to the growth of the contract logistics market in the United States is the increase in delays and the imbalance between supply and demand. Other factors such as limited manpower and reduced working hours have further restricted logistics activities. Domestic transport services have also been affected by pandemic-induced restrictions, as there has been an imbalance between incoming and outgoing freight in restricted areas. Additionally, contract logistics providers have faced complications due to changing standards in different states and countries, resulting in delayed delivery times. These factors are expected to limit the growth of the targeted market over the forecast period.

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Companies cited

The contract logistics market in the United States is fragmented and vendors are deploying growth strategies such as technological innovations to compete in the market.

  • Burris Logistics
  • CH Robinson Worldwide Inc.
  • Deutsche Post AG
  • FedEx Corp.
  • Hub Group Inc.
  • Kuehne Nagel International AG
  • Ryder System Inc.
  • Schenker AG
  • United Parcel Service Inc.
  • XPO Logistics Inc.

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United States contract logistics market

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 5.98%

Market Growth 2022-2026

$9.04 billion

Market structure

Fragmented

Annual growth (%)

5.63

Successful market contribution

100% United States

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Burris Logistics, CH Robinson Worldwide Inc., Deutsche Post AG, FedEx Corp., Hub Group Inc., Kuehne Nagel International AG, Ryder System Inc., Schenker AG, United Parcel Service Inc. and XPO Logistics Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Main topics covered:

Abstract

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: forecast for 2021 – 2026

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by end user

  • Market segments
  • Comparison by end user
  • Retail – Market size and forecast 2021-2026
  • Pharmaceutical – Market size and forecast 2021-2026
  • Automotive – Market size and forecast 2021-2026
  • Others – Market size and forecast 2021-2026
  • Market opportunity by end user

Market segmentation by type

  • Market segments
  • Comparison by type
  • Outsourcing – Market size and forecast 2021-2026
  • Insourcing – Market size and forecast 2021-2026
  • Market Opportunity by Type
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Overview
  • Supplier Landscape
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Burris Logistics
  • CH Robinson Worldwide Inc.
  • Deutsche Post AG
  • FedEx Corp.
  • Hub Group Inc.
  • Kuehne Nagel International AG
  • Ryder System Inc.
  • Schenker AG
  • United Parcel Service Inc.
  • XPO Logistics Inc.

appendix

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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