Global Third-Party Logistics Market, By Mode of Transport (Railways, Roadways, Waterways, Airways), By Service (DCC, Others), By End User (Technological, Automotive, Retailing, Healthcare, Food & Groceries, Others), Estimation & Forecast 2027 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Third-Party Logistics market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Third-Party Logistics market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region
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Market Introduction
The global third party logistics market was valued at USD 1,032 Billion in 2021 and is forecasted to reach USD 1,656.7 Billion by the year 2027. The market is anticipated to register a CAGR of 8.2% over the projected period.
Third party logistics or 3PL or TPL involves hiring of a third party businesses by an organization for outsourcing elements on its warehousing, distribution, and fulfilment services. Increase in trading activities due to globalization is expected to boost the market growth. Furthermore, rise in focus of manufacturers and retailers on core competencies is also expected to fuel the market growth.
Despite the driving factors, issues over dependency are expected to hinder the market growth during the forecast period. Also, loss of direct control on the logistics is also expected to negatively impact the market growth. The COVID-19 pandemic put a unprecedented stress on logistics as well as transportation services. Hence, the pandemic restrained the market growth.
Growth Influencers:
Increase in trading activities due to globalization
Rapidly improving global economy along with the changing market conditions is leading to globalization. This is also increasing the trading activities, which makes it difficult for various organizations to control their activities as well as track them. Hence, various organizations partner with other companies for outsourcing their logistics activities. Hence, growing trading activities for globalization is expected to boost the market growth.
Rise in focus of retailers and manufacturers on their core competencies
Retailers and manufacturers are increasing their focus on core competencies to sustain the intense competition in their respective markets. Due to this, they are outsourcing their other supporting activities to third party vendors. One of the major activities outsourced includes logistics. Hence, rise in focus of manufacturers and retailers on core competencies is anticipated to fuel the market growth.
Segments Overview:
The global Third Party Logistics market is segmented the mode of transport, service, and end user.
By Mode of Transport,
• Railways
• Roadways
• Waterways
• Airways
The roadways segment is expected to hold the largest market share of around 44% owing to increasing emphasis on logistics infrastructure. Moreover, the airways segment is anticipated to witness the fastest growth rate of approximately 8.2% owing to growing preference of air transport owing to speedy transport of goods, especially medical equipment.
By Service,
• Dedicated Contract Carriage (DCC)
• Domestic Transportation Management
• International Transportation Management
• Warehousing & Distribution
• Others
The domestic transportation management segment is estimated to hold the largest share of the market owing to growing trade movement among the unloading dock to a warehouse and increasing carrier charges. The dedicated contract carriage (DCC) segment is expected to grow at the fastest rate of over 10% during the projected period.
By End User,
• Technological
• Automotive
• Retailing
• Elements
• Food & Groceries
• Healthcare
• Others
The technological segment is estimated to hold the largest market share of more than 28% owing to increasing demand of third party logistics by technological companies. The healthcare segment’s market size is approximately 37% of the automotive segment’s market size in 2021 and 41% by 2027.
Regional Overview
On the basis of region, the global Third Party Logistics market is divided into South America, North America, Europe, Asia Pacific, and the Middle East & Africa.
The Asia Pacific region is expected to hold the largest market share and is also expected to grow at the fastest rate of 8.9% during the projected period. this is owing to availability of cheap as well as skilled labor in the Asia Pacific countries, such as India and China.
Competitive Landscape
Key players operating in the global Third Party Logistics market include DHL International GmbH (Deutsche Post DHL Group), Kuehne+Nagel Inc., DB Schenker (DB Group), Nippon Express, C.H. Robinson Worldwide, Inc., Union Pacific Corporation, Fedex Corporation, United Parcel Service (UPS), Panalpina World Transport Ltd, Maersk, and Other Prominent Players.
These key players in the market are involved in collaborations, mergers & acquisitions, and new product launches to strengthen their market presence. For instance, in November 2021, DHL Express expanded its airfreight capacity for meeting the growing intra-Asia demand as well as between the U.S. and Asia Pacific.
The global Third Party Logistics market report provides insights on the below pointers:
• Market Penetration: Provides comprehensive information on the market offered by the prominent players
• Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
• Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
• Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Third Party Logistics market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
• Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The global Third Party Logistics market report answers questions such as:
• What is the market size and forecast of the Global Third Party Logistics Market?
• What are the inhibiting factors and impact of COVID-19 on the Global Third Party Logistics Market during the assessment period?
• Which are the products/segments/applications/areas to invest in over the assessment period in the Global Third Party Logistics Market?
• What is the competitive strategic window for opportunities in the Global Third Party Logistics Market?
• What are the technology trends and regulatory frameworks in the Global Third Party Logistics Market?
• What is the market share of the leading players in the Global Third Party Logistics Market?
• What modes and strategic moves are considered favorable for entering the Global Third Party Logistics Market?
What is market research report?
Market research is a defined process to collect information about customers, competitors, and everything that a business needs to understand to sustain and grow. It offers important analysis to distinguish and examine the market needs, size, and trends. Market research is generally divided into, primary research and/or secondary research. The process usually includes collection and interpretation of market data by using statistical and analytical techniques to support the decision making process. The report helps in identifying and tracking emerging players in the market and their portfolios, enhances decision making capabilities and helps to create effective counter strategies to gain competitive advantage. Market research reports provide in-depth analysis about the market conditions and requirements for effective decision making.
The report provides a snapshot of the global market size, segmentation data, marketing growth strategies, market share, export and import information, analysis and forecast of market trends, competition, domestic production, best sales prospects, statistical data, tariffs, regulations, distribution and business practices, end-user analysis, contact points and more. These research reports include information about competitive strategies, solutions, fact-based research, key takeaways, recommendations, market considerations, emerging business models and market opportunities for multiple segments of an industry. Market research reports assist in solving business problems and making better decisions to improve business as per the prevalent market trends.
Browse market information, tables and figures extent in-depth TOC, The latest independent research document on various market development activities and business strategies such as new product/services development, Joint Ventures, partnerships, mergers and acquisitions, etc. In order to provide a more informed view, a market company profiles include Business Overview, Product / Service Offerings, SWOT Analysis, Segment & Total Revenue, Gross Margin and % Market Share. This report explores market definitions, overview, classification, segmentation, inclusive of market type and applications followed by product specifications, manufacturing initiatives, pricing structures, raw material sourcing and supply chain analysis.
About Data Collection and Research Methodology: Majorly data is collected via primary sources that includes interviews and survey with industry experts from core and related industries, and manufacturers and part suppliers involved in supply chain. Additionally, secondary sources are also utilized like annual reports, whitepapers, press releases etc.
Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
The study objectives of this report are:
- To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data, and forecast.
- To understand the structure of market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the growth trends, future prospects, and their contribution to the total market.
- To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are challenges and opportunities?
- What is economic impact on market?
- What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
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Key Points Covered in Third-Party Logistics Market Report:
Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Third-Party Logistics market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Third-Party Logistics Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
……..and view more in complete table of Contents
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