July 21, 2023
3 min

Contract Logistics Market Size Worth $298.82 Billion by 2025 at 5.0% CAGR with Insourcing logistics Segment Driving Growth During 2018-2025 | Report by The Insight Partners - Yahoo Finance

The contract logistics market in Asia-Pacific is dominating due to the rapid growth of the manufacturing industry and a focus on core competencies and risk management. The market is valued at $203.93 billion in 2017 and is expected to reach $298.82 billion by 2025, growing at a CAGR of 5.0%. Key players in the market include Deutsche Post AG, XPO Logistics Inc., and Kuehne + Nagel International AG, who focus on new product launches, expansion, and acquisitions. China plays a significant role in the global contract logistics market, with its large consumer market, thriving manufacturing base, and extensive transportation infrastructure. The country's e-commerce sector is also driving demand for specialized logistics services.

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Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry