Global Third Party Logistics Market is expected to grow from US$ 805.4 Bn in 2017 to US$ 1,240 Bn by 2025 at a CAGR of 5.6% over the forecast period 2018 and 2025.
The reports cover key developments in the Third Party Logistics Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Third Party Logistics Market are anticipated to lucrative growth opportunities in the future with the rising demand for Third Party Logistics Market in the global market.
Third party logistics (3PL) is basically the use of an outside company in order to perform the company’s product distribution and materials management functions. 3PL are the companies delivering single or multiple logistics services to a manufacturing company. Though 3PL firms do not hold the ownership of the product for distribution, however they are bound to accomplish the requested logistics activities of the purchasing company. 3PL is a significant part of today’s supply chain for small and large businesses. These firms provide services such as international & domestic transportation, inventory management, warehousing, distribution, order fulfillment, and freight consolidation. By outsourcing 3PL services, manufacturing companies are able to focus on product development, sales, and other core operations. 3PL offers immediate knowledge & expertise in the field, track on international logistics, and create cost savings.
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Leading key Market players Mentioned in the Report:- Deutsche Post DHL Group, Kuehne + Nagel International AG, Nippon Express Co., Ltd., DB Schenker, and C.H. Robinson.
This study offers a comprehensive, 360 degree analysis on the Third Party Logistics Market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Third Party Logistics Market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Increase in demand for shipping cost reduction & more focus on timely delivery management, reduction on company’s assets & permitting focus on core business, and advantage in managing seasonal variations are projected to drive the market for third party logistics during the forecast period. However, lesser control of manufacturers on logistic service and delivery process may adversely impact the market for third party logistics in near future. Moreover, the factor such as increase in adoption and growth of e-commerce in retail sector is projected to generate remarkable growth opportunity to the industry players.
The report segments the global third party logistics market are as follows:
Global Third Party Logistics Market – By Mode of Transport
Global Third Party Logistics Market – By Services
- International Transportation
- Domestic Transportation
- Inventory Management
Global Third Party Logistics Market – By End User
- Consumer Goods
Global Third Party Logistics Market – By Customer
- Small & Medium Enterprises
- Large Enterprises
The Third Party Logistics Market Report combines qualitative and quantitative analyzes that can be broken down into 40% and 60% respectively. The estimates and market forecasts are presented in the Global Market Report from 2018 to 2027, with 2018 being the base year and the 2018 to 2027 forecast period. The overall estimates are then broken down by sector and area. Such as North America, Europe, Asia-Pacific, Middle East and Africa and South America, covering the 16 main countries of the regions mentioned. The qualitative content of the geographic analysis will cover market trends in each region and country, including the main actors active in the region / country concerned, a PEST analysis of each region including political factors, economic, social and technological factors that influence the growth of the industry. Market.
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