Jul 14, 2020 (Profound via COMTEX) --
The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Third-party Logistics (3PL) Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Third-party Logistics (3PL) market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.
The global third-party logistics (3PL) market was valued at $1,027.71 billion in 2019, and is projected to reach $1,789.94 billion by 2027, registering a CAGR of 7.1% from 2020 to 2027. In 2019, the Asia-Pacific region garnered the highest share in the global 3PL market.
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3PL is the function by which a manufacturer outsources activities related to logistics and distribution. A 3PL company can provide specialized services such as inventory management, cross-docking, door-to-door delivery, and packaging of products. The market for 3PL service is expected to witness significant growth, due to development of the e-commerce industry. Moreover, the demand for this service is expected to escalate in the near future, due to increase in focus of manufacturers and retailers on their core business (known as core competencies) and subcontracting activities, such as logistics where they have less expertise. Thus, increase in competition has diverted the focus of manufacturers to promote respective specializations in production and distribution.
The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Third-party Logistics (3PL) market are included as given below:
Some of the key players operating in the 3PL market include C.H. Robinson Worldwide, Inc., DB Schenker, DHL International GMBH, FedEx Corporation, KUEHNE+NAGEL Inc., Maersk, Nippon Express, Panalpina World Transport Ltd., Union Pacific Railroad, United Parcel Service, and others.
The global Third-party Logistics (3PL) market has been segmented as below:
By Mode of Transport
By Service Type
bull; Dedicated Contract Carriage (DCC)
bull; Domestic Transportation Management
bull; International Transportation Management
bull; Warehousing amp;Distribution
bull; Food amp; Groceries
bull; North America
o Rest of Europe
o Rest of Asia-Pacific
o Latin America
o Middle East
Reasons to Purchase this Report:
Estimates Third-party Logistics (3PL) development trends with SWOT analysis
bull; Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
bull; Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion
bull; Market dynamics scenario, along with growth opportunities for players in the years to come
bull; Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
bull; Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
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