Europe Contract Logistics Market Poised for Growth, Driven by Manufacturing Sector & E-commerce Trends [Yahoo! Finance]
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Source: Yahoo! Finance
Dublin, Feb. 26, 2024 (GLOBE NEWSWIRE) -- The "Europe Contract Logistics - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020 - 2029" report has been added to ResearchAndMarkets.com's offering. 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 Contract Logistics Market Trends Outsourced Contract Logistics Market to Register Significant Growth The outsourcing share of contract logistics is low, showing clear growth potential. Globally, the share of contract logistics in the total market is only 10-15%. In Europe, this proportion is estimated at around 20%. The extent of outsourcing varies greatly from country to country. Transportation and storage services are generally outsourced to a large extent. E-commerce is expected to be a major driver of outsourcing growth. As the e-commerce market gro
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