The Contract Logistics Market in APAC is segmented by Application (Retail, Pharmaceutical, Automotive, and Others), Type (Outsourcing and Insourcing), and Geography (APAC). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 53.9 billion, at a CAGR of 8.08% during the forecast period. There are several companies that are contributing to the market as per this report. Emergence of big data analytics.
The retail segment, comprising consumer goods, clothing and accessories, pharmacies and drugs, food and beverage stores, electronics and appliances, and furniture, experiences significant growth in the APAC Contract Logistics Market. This expansion is primarily attributed to the burgeoning e-commerce industry, which necessitates the use of various transportation modes, such as rail, air, water, and roadways, for moving goods. Furthermore, increased government investment in logistics infrastructure and the proliferation of digital sales channels, driven by the adoption of multiple payment facilities like mobile wallets and net banking, are key catalysts fueling the segment's growth during the forecast period.
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The Contract Logistics Market in APAC is experiencing significant growth due to increasing e-commerce sales and the rising trend of outsourcing logistics operations. Key players in this market include DHL, DB Schenker, and Kuehne + Nagel, who provide services such as warehousing, transportation, and fulfillment to clients. The region's robust economic growth and expanding trade networks are driving demand for efficient and cost-effective logistics solutions. Companies are investing in advanced technologies like automation and data analytics to enhance their offerings and meet the evolving needs of customers.
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The Contract Logistics Market in APAC is experiencing significant changes due to various macroeconomic factors and industry trends. With inflation levels on the rise and the aftermath of macroeconomic upheavals, logistics providers are implementing rate hikes to mitigate costs. The region's economic powerhouses, such as China (CNY) and the ASEAN countries, are driving growth in industries like electronics, automotive, and consumer retail, leading to increased customer demand and the need for robust distribution channels. The logistics industry in APAC is also embracing Industry 4.0, with companies like Deutsche Post DHL, Alibaba Holding, and Cainiao Network investing in AI, machine learning, cloud computing, and automation to streamline operations and improve efficiency. The Post E-commerce Express Delivery Coalition's Road Initiative is further accelerating e-commerce growth, while the RCEP Agreement is expected to create a single market, boosting trade and logistics opportunities. Intel, Motor Vehicles, and manufacturing hubs in emerging markets are also key players, contributing to the region's GDP growth and manufacturing output. The Belt and Road Initiative is also expected to enhance connectivity and logistics infrastructure across APAC.
The air freight and logistics market in APAC, a segment of the larger global market, encompasses revenues generated by companies offering air freight transportation, courier services, and comprehensive logistics solutions, including package and mail delivery and customs agents. According to Technavio's market analysis, the global air freight and logistics market size is determined by the earnings of these service providers. Key performance indicators include real-time tracking capabilities extending from the point of origin to delivery. Market expansion will be fueled by the surge in cross-border e-commerce activities, where consumers purchase goods from external markets. - The Contract Logistics Market in APAC is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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