Global Third Party Logistics Market - Market Size, Share & Industry Trends, Growth Analysis Report By Product Type, By Application and Forecast 2019 - 2025


DescriptionTable of ContentList of TablesList of Figures
Introduction
Third Party Logistics (3PL) Market was valued at USD XX Billion in 2019 and is projected to reach USD XX billion by 2025, at a CAGR of XX% from 2020-2025. Service providers are also mobilizing the benefits of Computerized freight payment and audit services for cutting down costs. They have foregrounded on enhancing their supply chain activities to distinguish the growing demand for shopping. Due to the growth in the E-Commerce industry covers the several region has increased freight Transportation, consequently creating new opportunities for 3L Providers. Similarly, the demand for improving working capital & inventory management has increased the subservience on 3L Providers. Incorporating technologies such as Transportation Management Systems (TMS) for route optimization and Radio Frequency Identification (RFID) are key drivers in differentiating service providers. In some developing countries it has been observed that Manufacturing as well as customer do not possess the necessary amount of internal control. Somehow it has increased their dependence on 3L Service providers.
Geographical Overview
At a global level, the Asia pacific was holding the highest market share in 2018. Whereas, Asia Pacific region is considered the fastest-growing region with key players adopting rising E-commerce perforation, Economic Revival, GST implementation & expansion strategy in this region to gain maximum market share in the coming years. Increasing ongoing investments in railways, roads, and airways across emerging economies of the region are expected to sponsor warehousing and logistics demand over the forecast period. North America are offering ample opportunities for the growth of Third Party Logistics (3PL) Market with its high population base and growing demand for logistics software. Key factors such as fast lifestyle and growing population, rising need for cold chains, are driving Third Party Logistics (3PL) Market in the Industry.
Segmental Overview
Third Party Logistics (3PL) Market is segmented as per below specifications -
By Service:
• Dedicated Contract Carriage (DCC)/Freight forwarding
• Domestic Transportation Management (DTM)
• International Transportation Management (ITM)
• Warehousing & Distribution (W&D)
• Value Added Logistics Services (VALs)
By Transport:
• Roadways
• Railways
• Waterways
• Airways
By End - use:
• Manufacturing
• Healthcare
• Retail
• Automotive
Competitor Analysis
Third Party Logistics (3PL) Market has presence of some of the key major players across globe which includes
• DHL International GmbH
• Kuehne + Nagel International AG
• C.H. Robinson Worldwide Inc.
• UPS Supply Chain Solutions Inc.
• FedEx Corporation
These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.
By Region:
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Poland
o Germany
o Hungary
• Asia-Pacific
o China
o India
o Japan
o Australia
o Thailand
o Vietnam
o South Korea
• Latin America
o Brazil
o Mexico
• MEA
Highlights of the report
What is Third Party Logistics (3PL) Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation
Market size projection based on Historical & current market trends
Market share analysis and key strategies adopted by leading Players
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations