Europe Contract Logistics Market Size

Europe Contract Logistics Market Analysis

The Europe Contract Logistics Market size is estimated at USD 78.48 billion in 2024, and is expected to reach USD 89.60 billion by 2029, growing at a CAGR of 2.69% during the forecast period (2024-2029).

Europe is a leader in the global contract logistics market. While the impacts of COVID-19 have been negative overall on the economy, certain sectors have seen significant growth in sales, such as grocery, retail, and consumer electronics, marking positive developments for the European contract logistics market in 2022. Owing to the rise in demand for more integrated services and data management and the preference for flexible solutions, the contract logistics market is expected to witness high growth.

As the demand for specific processes along the value chain and comprehensive services grows, contract logistics are becoming the ideal solution for companies. The Western European region dominates the market by taking more than three-fourths of it, with Germany accounting for the major share. However, countries in Central and Eastern Europe are expected to achieve high growth in the future.

The retail sector is a key end-user sector of the contract logistics market in general. With Europe being a global hub for the automotive industry, it accounts for a significant share of the European contract logistics market. The contract logistics market across the world is witnessing trends of consolidation. From strategies adopted by major players, it can be observed that the companies are following the trend of acquisition to maintain a competitive edge in the market.