Market Size of United States Contract Logistics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 139.86 Billion |
| Market Size (2029) | USD 168.21 Billion |
| CAGR (2024 - 2029) | 3.76 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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United States Contract Logistics Market Analysis
The United States Contract Logistics Market size is estimated at USD 139.86 billion in 2024, and is expected to reach USD 168.21 billion by 2029, growing at a CAGR of 3.76% during the forecast period (2024-2029).
- The COVID-19 pandemic caused lockdowns all over the world. Business stopped, and the economy was put to the test. The market was thrown off by huge changes to operations, supply chains, regulations, and the number of workers needed.Later, after restrictions eased, the increasing e-commerce sales in the country recovered the contract logistics market.
- Moreover, the country is the biggest contributor to the contract logistics market in North America. The growth in the market is driven by the increasing demand for integrated services and the advanced implementation of IoT and logistic automation. In addition, the retail sector is one of the major end users of the market, followed by the high-tech and automotive industries.
- In the meantime, most of the market players are focusing on adding autonomous elements to their existing infrastructure and systems to change the fulfillment process without disrupting the supply chain. This is to meet the growing demand from end users. Contract logistics companies are also getting more productive by using technologies like drones, robots, augmented reality, and virtual reality in their work. Thus, the increasing retail and e-commerce sales and the adoption of innovative technologies will drive the contract logistics industry in the country.
