The Global Contract Logistics 2024 Report from Ti Insight – the leading provider of market research to the global logistics industry – shows a return to a more normalised, pre-pandemic state of demand and growth.
According to Ti’s latest market sizing data, the global contract logistics market grew by 3.5% in real terms in 2023, up from 3% growth in 2022, and is expected to grow by a further 4.2% in 2024.
Growth is being driven by emerging economies. In 2023, the Asia Pacific region saw growth of 7.5% y-o-y, versus North America and Europe which grew by 1.6% and 0.2% y-o-y, respectively.
The Global Contract Logistics 2024 Report is written by industry researchers, analysts, and utilising data from Ti’s GSCi knowledge portal, a data powerhouse with over 1 million pieces of data and analysis.
Paul Chapman, Senior Editor at Ti says: “In contrast to other logistics segments, the global contract logistics market largely remains resilient against economic headwinds. We are also seeing continued consolidation in the market as companies seek to secure market position through acquisition.”
Research Highlights:
The full report – available here – also analyses the competitive landscape in the Contract Logistics market and offers in-depth market projections and forecasts: an essential tool for business leaders making critical decisions.
If you have any questions about the report please contact Sarah Smith – [email protected].
About Ti
Ti Insight is one of the world’s leading providers of expert research and analysis dedicated to the global logistics industry. Utilising the expertise of professionals with many years of experience in the express, road freight and logistics industries, Ti Insight has developed a range of market-leading web-based products, reports, profiles and services used by many of the world’s leading logistics suppliers, consultancies, banks and users of logistics services.
For further information, please contact Ti’s Managing Director, Sarah Smith – [email protected].
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