Market Size of Project Logistics Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 436.34 Billion |
| Market Size (2029) | USD 582.69 Billion |
| CAGR (2024 - 2029) | 5.95 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Project Logistics Market Analysis
The Project Logistics Market size is estimated at USD 436.34 billion in 2024, and is expected to reach USD 582.69 billion by 2029, growing at a CAGR of 5.95% during the forecast period (2024-2029).
Project logistics encompasses the comprehensive management and coordination of goods, materials, and information throughout the entire process of a project. The transportation of large-sized cargo requires specialized equipment, infrastructure, and experienced personnel. Dealing with cargo of unique dimensions poses a constant challenge for transporters, but shippers and service providers are becoming more adept at handling oversized and heavyweight shipments. The complexity of manufacturing also contributes to the difficulty, as parts and modular packages are produced in various locations and then shipped to their final destinations, necessitating meticulous planning. In recent years, there has been a growing trend of involving transportation providers in the early stages of the planning process.
The Asian-Pacific region leads the market in project logistics and is expected to experience the highest growth rate. Infrastructure investment has played a significant role in the economic development of Asia-Pacific countries, with some nations prioritizing the advancement of their domestic infrastructure.
Several established organizations, such as the Global Project Logistics Network (GPLN), specialize in project logistics on a global scale. GPLN members handle a wide range of industrial projects, including infrastructure and energy projects, providing services such as transportation, packing/crating, and the lifting of heavy, oversized, and out-of-gauge cargo.
During the height of the COVID-19 pandemic in 2020-21, air freight was in high demand within the project logistics sector for the transportation of essential items worldwide.
