Market Size of Japan Contract Logistics Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 54.83 Billion |
Market Size (2029) | USD 70.19 Billion |
CAGR (2024 - 2029) | 5.06 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Japan Contract Logistics Market Analysis
The Japan Contract Logistics Market size is estimated at USD 54.83 billion in 2024, and is expected to reach USD 70.19 billion by 2029, growing at a CAGR of 5.06% during the forecast period (2024-2029).
The major companies in the sector report their revenue growth as an output of change in the consumer behaviour towards e-commerce sector.
The small Japanese vendors are actively moving to the online market in response to the growing use of the internet by the Japanese consumers driving the demand for logistics in the market.