Authored By: Sarah
11 Jul 2024

 Project Logistics Market Size to grow by USD 59.41 billion between 2024-2028

According to a research report “ Project Logistics Market” by End-user (Oil and gas/mining/and quarrying, Construction, Energy and power, Others) Service (Transportation, Warehousing, Inventory management and others) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 59.41 billion, at a CAGR of almost 4.3% during the forecast period. In the construction industry, logistics plays a pivotal role in ensuring project success. Project logistics service providers optimize the entire supply chain, from procurement of raw materials to the delivery of finished goods at a construction site. Efficient logistics management in construction ensures a seamless workflow, minimizing delays and enhancing profitability for industry players. Effective logistics planning is crucial, as it can significantly reduce project costs and improve overall efficiency. By expertly managing the transportation, warehousing, and distribution of essential materials and equipment, project logistics providers contribute significantly to the success of construction projects.

Browse market data tables, figures, and in-depth TOC on “Project Logistics Market” by End-user (Oil and gas/mining/and quarrying, Construction, Energy and power, Others) Service (Transportation, Warehousing, Inventory management and others) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By End-user, the Oil and gas/mining/and quarrying segment is projected to dominate the market size in 2024

The project logistics market is primarily driven by the transportation segment, which holds the largest market share and is anticipated to continue its dominance throughout the forecast period. This service is pivotal in project logistics, with major players providing customized and specialized transportation solutions tailored to each project or customer's unique requirements. Delivering shipments, regardless of size, accurately and on-time is essential. DHL International, a subsidiary of Deutsche Post AG, offers industrial project transportation services, enabling the transportation of even oversized shipments, such as 1,000-ton cargos, between countries or to inaccessible locations.

By Service, Transportation  segment is expected to hold the largest market size for the year 2024

The project logistics market experienced significant growth in the oil, gas, mining, and quarrying end-user segment in 2022. This trend is anticipated to continue during the forecast period due to the increasing demand for exploration and production projects in this sector. For instance, the US oil and gas industry's capital expenditure rose from USD131.9 billion in 2018 to USD144.1 billion in 2021. The escalating demand for liquid fuels from emerging Asian economies, such as China and India, is a primary driver of this growth. Consequently, the adoption of project logistics services, including warehousing and transportation, is expected to surge, fueling the expansion of the global project logistics market within the oil and gas sector during the forecast period.

APAC is forecasted to hold the largest market size by region in 2024

The Asia Pacific (APAC) region is projected to lead the global project logistics market due to the surge in construction projects and the establishment of manufacturing units in countries like India, China, Indonesia, and Malaysia. These economies, characterized by their rapid industrialization and low-cost labor, have witnessed a significant increase in the number of automobile manufacturing and auto parts production units. Consequently, numerous multinational corporations are setting up production facilities in APAC to capitalize on the region's abundant resources and favorable business environment. China, as the world's largest automobile manufacturer, is a significant contributor to this trend.

The Project Logistics Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Balmer Lawrie and Co. Ltd.
  • C H Robinson Worldwide Inc.
  • CEVA Logistics S A
  • CJ Darcl Logistics Ltd.
  • CJ Logistics Corp.
  • Crowley Maritime Corp.
  • Deutsche Bahn AG
  • Deutsche Post AG
  • DSV AS
  • EMO Trans Inc.
  • FedEx Corp.
  • Hellmann Worldwide Logistics SE and Co KG
  • Kerry Logistics Network Ltd.
  • Kintetsu World Express Inc.
  • Kuehne Nagel Management AG
  • Nippon Express Holdings Inc.
  • United Parcel Service Inc.
  • XPO Inc.
  • Mainfreight Ltd.
  • Fracht AG
.

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Research Analysis Overview

The Project Logistics Market encompasses the transportation and management of raw materials, Intermediate suppliers' goods, and finished products to and from production facilities and construction sites. This market plays a crucial role in various industries, including renewable energy, by ensuring the smooth flow of goods and information between stakeholders. The logistics ecosystem includes construction companies, transporters, and staff, all working together to manage the processing and controlling of materials. Advanced technologies such as blockchains and driverless cars are transforming the industry by enhancing transparency, efficiency, and reducing costs. Service offerings range from overseas and domestic logistics, international trade, and the handling of ISO containers, to offsite construction and modularization. The market is served by a diverse range of industries, including the International Energy Agency, which relies on project logistics for the transportation of renewable energy components. Controlling and managing the flow of goods and materials is essential for keeping production on track and minimizing overseas and domestic logistics costs. Effective planning and organization are key to ensuring the success of any project, and the project logistics market is continually evolving to meet the demands of industries and technologies.

Market Research Overview

The Project Logistics Market is a critical component of the global economy, facilitating the movement of human mobility, raw materials, and finished goods between production facilities, construction sites, and international markets. With the increasing focus on renewable energy and the shift towards sustainable production, the logistics ecosystem is undergoing significant changes. Border restrictions and the emergence of intermediate suppliers have added complexity to the supply chain. The logistics industry is embracing technology, with blockchains, driverless cars, and e-commerce reshaping the landscape. Initial capital investment in upgraded fleets and infrastructure is essential for staying competitive. Impact analysis of these trends on industries served, such as construction companies and manufacturing, is ongoing. Job creation and staffing are key concerns, with the need for skilled personnel to manage the flow of goods, controlling processing, and managing organization and planning. The logistics market caters to various industries, offering industry solutions for overseas and domestic logistics costs, international trade, and ISO containers. Offsite construction and modularization are gaining popularity, reducing the need for large onsite workforces and lowering costs. The future estimations for the project logistics market are promising, with continued investment pockets in renewable energy and the integration of driverless vehicles and modular packages. The industry will continue to play a crucial role in the flow of goods, materials, and information, ensuring the competitiveness of industries and the efficient management of resources.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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