Logistics Consulting Services Market Size, Share, Growth, and Industry Analysis, By Type (Local and Cloud-Based), By Application (Large Enterprises, SME’s), Regional Insights and Forecast To 2033

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LOGISTICS CONSULTING SERVICES MARKET OVERVIEW

Global Logistics Consulting Services Market size is predicted to reach USD 3.24 billion by 2033 from USD 1.62 billion in 2024, registering a CAGR of 8% during the forecast period.

Logistics Consulting Services provide companies with solutions to supply chain problems and coordinates and analyses potential manufacturing issues. This helps in optimising the company's production, customer service and distribution. These services find applications in warehousing, manufacturing and transportation.

COVID-19 IMPACT

Market Growth Promoted by Pandemic due to Trade and Transport Restrictions and Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Trade and transport restrictions worldwide as well as lack of raw materials led to supply chain disruptions. Service providers also faced transportation problems due to border closures as well as the need to store products which could not be transported immediately.

LATEST TRENDS

Integration of AI and Machine Learning Techniques helps boost market size

One of the latest trends is the integration of AI, machine learning techniques, Big Data analytics as well as the use of other technological advancements which helps to make supply chain operations more efficient and reliable. They also help in reducing the carbon footprint by making production low waste and more sustainable in accordance with the recent rise in environmental consciousness.

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LOGISTICS CONSULTING SERVICES MARKET SEGMENTATION

By Type

Based on type the global market can be categorised into local and cloud-based

• Local: Also known as an on site server it uses local hardware to compute and analyse logistical data and provide solutions providing the company with more control and lesser security risks.

• Cloud-Based: This is a software supported by the cloud that helps companies connect with shippers, vendors, carriers, 3PL’s (Third Party Logistics Providers) and freight forwarders to resolve any supply chain or transportation problems

By Application

Based on application the global market can be categorised into large enterprises and SMEs

• Large Enterprises: Large Enterprise utilise logistics services to enhance production efficiency and reduce operational costs.

• SMEs: Also known as small or medium sized enterprises logistics services are very useful in this sector to reduce loss of profit margin due to lack of storage facilities, transportation issues, inefficiency in supply chain management and more

DRIVING FACTORS

Increasing globalisation helps boost market growth

A driving factor which contributes to Logistics Consultancy Services Market Growth is the increasing globalisation in recent years leading to increase in trade between countries. Global market expansions have led to logistics issues such as diverse consumer demands in different regions, different manufacturing laws in various countries which can be resolved by logistics consultants.

Rise in environmental consciousness helps boost market growth

Another driving factor is the rise in environmental consciousness and push towards more environmentally sustainable manufacturing practices. Logistics consultancies provide eco-friendly supply chain management solutions which help to reduce the ecological footprint of the company hence making them more desirable in the market.

RESTRAINING FACTORS

Lack of privacy and security may impede market growth

A factor that may impede market growth is the lack of privacy and security provided by these softwares especially by cloud based logistics services where there is a lack of checks put on practices such as data poaching which could be very harmful for companies deterring them from purchasing such a product.

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LOGISTICS CONSULTANCY SERVICES MARKET REGIONAL INSIGHTS

Rise in transformative initiatives and environmental consciousness helps North America dominate

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa

North America dominates the market holding a large portion of Logistics Consultancy Services Market Share due to the increase in the number of transformative initiatives undertaken by companies after COVID-19 to boost market size as well as the rise in environmental consciousness and the demand for climate friendly net zero emission production and manufacturing across the region.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market through Innovation and Market Expansion

The cloth wardrobe market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List Of Top Logistics Consulting Services Companies

• ShipSigma (US)
• Baker Logistics (US)
• Logistics Bureau (Australia)
• Levenbert (Singapore)
• Rhenus (Germany)
• SCCG (US)

INDUSTRIAL DEVELOPMENT

January 2023 Boston Consulting Group (BCG) and the American Bureau of Shipping (ABS) offered their  joint services in decarbonization consulting to marine and offshore value chain clients. The new venture supports shipping asset owners in making technical and operational improvements to reach net-zero emission goals and provide advice on carbon capture technology and the uptake of alternative and low-carbon fuels.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilising both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated time frame. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.