The Third
Party Logistics (3PL) Market report
discusses the primary market growth drivers and challenges that the vendors and
the market as a whole face and provides an overview of the key trends emerging
in the market. It also talks about the market size of different segments and
their growth aspects along with key leading countries in Americas,
Asia-Pacific, Europe, the Middle East, and Africa regions.
The global Third-Party Logistics (3PL) Market is expected to value at
USD 1.24 trillion by 2025. The 3PL industry is subject to witness a substantial
growth due to the recent technological advancement in the various logistics
services, rising transportation activities in both developed and developing
economies across the globe and increasing shipping demand.
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Some of the major objectives of this
report:
1. To provide detailed analysis of the market
structure along with forecast of the various segments and sub-segments of the
global Third Party Logistics (3PL) Market.
2. To provide insights about factors
affecting the market growth. To analyze the Third Party Logistics (3PL) Market
based on various factors- price analysis, supply chain analysis, porter five
force analysis etc.
3. To provide historical and forecast revenue
of the Third Party Logistics (3PL) Market segments and sub-segments with
respect to four main geographies and their countries- North America, Europe,
Asia, and Rest of the World.
4. Country level analysis of the market with
respect to the current market size and future prospective.
5. To provide country level analysis of the
market for segment by application, product type and sub-segments.
6. To provide strategic profiling of key
players in the market, comprehensively analyzing their core competencies, and
drawing a competitive landscape for the market.
7. Track and analyze competitive developments
such as joint ventures, strategic alliances, mergers and acquisitions, new
product developments, and research and developments in the global Third Party
Logistics (3PL) Market.
The number of service providers are improving their supply chain
capabilities due to numerous growth opportunities available, thereby driving
market growth, in the recent years. Globally, the third party logistics
industry is predicted to grow at higher CAGR in the forecast period, providing
numerous opportunities for market players to invest for research and
development in the 3PL market.
Robust growth of third party logistics (3PL) industry is majorly
attributed to the high-end international trade flow and the strong economic
growth in the developing economies such as India, China and Brazil. Increasing
transportation & infrastructural activates in the Asia Pacific and North
America region is anticipated to boost market growth in the upcoming years.
Additionally, intra-regional trade and international among developing economies
across the globe coupled with higher growth rate in the Asia Pacific region are
expected to drive the market growth of third party logistics over the forecast
period.
Increasing adoption of various third party logistics services in various
sectors such as manufacturing, retail, trade and transportation. Other
application of the third party logistics services include private and local
utility sector, healthcare industry, media and entertainment sectors. These
factors are expected to foster market expansion of logistics industry over the
forecast period. Recent adoption of thirds party logistics services in the
telecommunication, banking and financial services, and information technology
industry is estimated to expand overall market reach in the near future as
well. In addition, development of latest technologies and introduction of novel
products such as the freight brokers and different value-added services are
driving market growth in the recent years.
The third party logistics market is divided by region as North America,
Europe, Asia-Pacific, Latin America and Africa. North America has shown major
growth in recent years owing to the rise in the implementation of latest
technologies, increase in number of research & development activities in
the region and existence of well-established infrastructure.
Asia-Pacific region is estimated to hold major market share in third
party logistics with massive growth in forecast period. Countries such as
India, China, South Korea, Japan and Singapore are leading the Asia-Pacific
market with strong economic growth, growing infrastructural activities, and
significant investment by leading industry players considering potential growth
opportunities in the region.
The key players in the third party logistics (3PL) industry are Kuehne +
Nagel International AG, DHL Express AG, C.H. Robinson Worldwide, Inc., UPS
Supply Chain Solutions, Inc., and FedEx Corporation.
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