Report Ocean recently released a research report on the Third Party Logistics (3PL) Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global third-party logistics market is anticipated to reach USD 1,337.91 billion by 2026 according to a new report published by Report Ocean.
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The report “Third Party Logistics (3PL) Market Share, Size, Trends, Industry Analysis Report By Service (Dedicated Contract Carriage, Domestic Transportation Management, International Transportation Management, Warehousing and Distribution, Others); By Mode of Transport (Roadways, Railways, Waterways, Airways); By End-User (Retail, Manufacturing, Healthcare, Others); By Regions, Segments & Forecast, 2019 – 2026” provides detailed insights into current market dynamics and future market trends.
The manufacturing segment dominated the global market in 2018. In 2018, Asia Pacific accounted for the majority share in the market. The rise in global trading with thriving end-users E-commerce and retail has led to a booming logistics market. A key advantage offered by 3PL such as less time in completion of process has encouraged businesses to invest in it. This also increases overall efficiency and profitability. Outsourcing logistics operations enables manufacturers and retailers to stick to core competencies. Digitization and integration of IT software and solutions coupled with use of reverse logistics and multi-modal transportation is expected to offer growth opportunities during forecast period.
In 2018, Asia Pacific accounted for highest share in global third party logistics market. The spiraling E-commerce market in the region and efficient logistics operations across various industries in place would accelerate the demand for Third Party Logistics services during the forecast period. The showering economic growth and increasing spread of e-commerce in India and China further increased adoption of Third Party Logistics in the region. Anticipation of global players in these countries to tap market potential boosts the market growth. The widespread disposable incomes and progressing living standards boost the growth of industries such as retail, automotive and manufacturing, thus supporting market growth in the region.
The domestic transportation management segment is expected to witness high growth during the forecast period. It is because of the increased logistics and transportation within the countries has increased specially in the developing economies of China and India. Dedicated Contract Carriage is a fast-moving segment of the trucking and distribution industry. Prominent companies such as Wal-Mart and Kroger use DCC to reduce costs and increase truck capacity. Several illustrious organizations have withdrawn ownership for trucking operations.
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The 3PL market via roadways is looking profitable with increasing Government initiatives and rising investments to develop road transport networks in a smooth gesture to boost freight forwarding have led vendors to adopt road transportation modes. This propels growth of 3PL services through roadways.
The well-known companies profiled in the Third Party Logistics Market report include FedEx Corporation, Union Pacific Corporation, Kuehne+Nagel Inc., BNSF Railway Company, AmeriCold Logistics, LLC, CEVA Logistics, Landstar System, Inc., Ryder System, Inc., Burris Logistics, DB SCHENKER Logistics, Agility 98, BDP International, C.H. Robinson Worldwide (CHRW) Inc., Exel (DHL Group), Expeditors International of Washington, Inc., Flexport Inc., J.B. Hunt Transport Services, Inc.,Kerry Logistics Network Limited, Nippon Express Co., Ltd., Ozburn – Hessey Logistics, Inc. (GEODIS), Panalpina World Transport Ltd., Schneider National, Inc.,Total Quality Logistics (TQL), LLC, Transplace, LLC, Unyson Logistics, Inc., UPS Supply Chain Solutions, Inc., UTi Worldwide, Inc. (DSV A/S), XPO Logistics, Inc., and Yusen Logistics Co. Ltd.
Report Ocean has segmented the 3PL market report on the basis of service, mode of transportation, end-user and region.
3PL Service Outlook (Revenue, USD Billion, 2015 – 2026)
Dedicated Cargo Carriage
Domestic Transportation Management
International Transportation Management
Warehousing and distribution
Others
Mode of Transport Outlook (Revenue, USD Billion, 2015 – 2026)
Roadways
Railways
Waterways
Airways
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End-User Outlook (Revenue, USD Billion, 2015 – 2026)
Retail
Manufacturing
Healthcare
Others
Regional Outlook (Revenue, USD Billion, 2015 – 2026)
North America
U.S.
Canada
Europe
UK
France
Germany
Italy
Asia Pacific
India
China
Japan
Latin America
Mexico
Brazil
Middle East & Africa
Table of Content
Chapter 1: Global Third Party Logistics (3PL) Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Third Party Logistics (3PL) market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Third Party Logistics (3PL) Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Third Party Logistics (3PL) market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Third Party Logistics (3PL) market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Third Party Logistics (3PL) market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Third Party Logistics (3PL) market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Third Party Logistics (3PL) business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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