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The “Third Party Logistics (3PL) Market to 2025 by Mode of Transport (Roadways, Railways, Waterways, and Airways), Services (International Transportation, Warehousing, Domestic Transportation, and Inventory Management), and End-User (Automotive, Healthcare, Retail, and Consumer Goods) - Global Analysis and Forecast”. The scope of study involves understanding on the factors responsible for this growth of third party logistics market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant pumps players in the market and their key developments.
Third party logistics Market to 2025 - Global Analysis and Forecast by Mode of Transport, Services, and End-User. Third party logistics market is expected to grow to US$ 1,240.0 million by 2025 from US$ 805.4 million in 2017. 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 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.
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 global third party logistics market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. Market is currently dominated by Asia-Pacific and Europe, however the market is expected to be in favor of North America, which is anticipated to witness remarkable growth rate owing to the increase in demand for service integration, data management, and inclination of manufacturers towards more flexible solutions. The key players profiled in the report are Deutsche Post DHL Group, Kuehne + Nagel International AG, Nippon Express Co., Ltd., DB Schenker, C.H. Robinson, DSV, XPO Logistics, Sinotrans, GEODIS, and UPS Supply Chain Solutions.
The report segments the global third party logistics market as follows:
Global Third Party Logistics Market- By Mode of Transport
Global Third Party Logistics Market- By Services
Global Third Party Logistics Market- By End-User
Global Abrasive wheels Market- By Geography
Asia Pacific (APAC)
Middle East & Africa (MEA)
South America (SA)
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