Market Size of Project Logistics Industry
| Study Period | 2019 - 2028 |
| Base Year For Estimation | 2021 |
| CAGR | 0.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Project Logistics Market Analysis
- Project logistics involves an integrated process of planning, organization, managing, processing, and controlling the complete flow of goods, materials, and information associated with the successful completion of a project. Cargo with larger dimensions requires a completely different set of equipment, infrastructure, and experienced personnel. Dealing with a cargo of peculiar dimensions is always a challenge for a transporter. However, shippers and service providers are becoming more sophisticated in the transportation of oversized and heavyweight shipments. Manufacturing complexity also adds to the challenge. Parts and modular packages are being produced in far-flung parts of the world, then shipped to final destinations. The packages are more critical, requiring detailed planning. Getting transportation providers more involved in the early stages of the planning process has been a trend for the past five years.
- Rising oil prices and a robust liquefied natural gas (LNG) and petrochemical construction market have been offering opportunities to the project logistics transportation industry since 2019.
- Some established organizations carry out project logistics activities across the world. For instance, the Global Project Logistics Network (GPLN) is a network of independent small and medium project logistics forwarders. GPLN members handle a vast range of industrial projects, from infrastructure projects to major energy projects. The members provide services like transporting, packing/crating, and lifting heavy, oversized, and out-of-gauge cargo.
