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There is a growing emphasis on integrating digital technologies into project logistics. Advanced software solutions, real-time tracking, and data analytics are increasingly used to enhance visibility, optimize routes, and improve efficiency. This digital transformation helps manage complex logistics more effectively, providing better coordination and reducing the risk of delays and disruptions in large-scale projects.
Furthermore, as companies secure larger and more complex projects, there is an increased focus on developing scalable and flexible logistics solutions. To manage the increased volume and complexity of these projects, logistics providers are investing in advanced infrastructure and automation. This allows them to handle extensive and multifaceted shipments more efficiently, ensuring that large-scale projects are executed smoothly and within tight deadlines.
For instance, in June 2024, Maersk, a global leader in shipping and logistics, was awarded a heavy lift contract by Vestas, a leading wind turbine manufacturer. The contract involves transporting key components for Vestas' V236 wind turbine, their largest model to date, highlighting Maersk's role in supporting the deployment of one of the world's most advanced wind turbines.
The transportation segment accounted for 55% share in 2023, driven by the adoption of multimodal transportation solutions, aimed at boosting efficiency and flexibility.
The market size of project logistics reached USD 489.8 billion in 2023 and is set to register over 6% CAGR between 2024 and 2032, owing to the rising demand for infrastructure development.
Asia Pacific market held 35% share in 2023, favored by the rapid expansion of infrastructure projects.
DHL, Kuehne + Nagel, DB Schenker, GEODIS, DSV, Ceva Logistics and Rhenus Logistics.