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Third Party Logistics Market Outlook – Asia Pacific holds the largest market share of the global third party logistics market
On the basis of geography, global third party logistics market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market in Asia Pacific held a dominant position in the global third party logistics market in 2016 and is projected to retain its dominance throughout the forecast period. Increasing disposable income and rising investment by e-commerce leaders and increasing internet penetration are leading to the rapid growth of the e-commerce industry in emerging economies such as India and China. This, in turn, is expected to boost growth of the market for third party logistics in the Asia Pacific. North America also holds a largest share of the third party logistics market, owing to increasing demand for TPL in the automotive and ecommerce sectors. The U.S. and Canada are the major growth engines for the market in the region. Rising demand for low cost services and rapid delivery services is also responsible for fueling the third party logistics market, in the U.S.
Key companies of global third party logistics market
Key players operating in the third party logistics market include AmeriCold Logistics LLC, BDP International, Burris Logistics, C.H. Robinson Worldwide, CEVA Logistics, DB Schenker Logistics, DHL Supply Chain, FedEx, GEODIS, J. B. Hunt, Kintetsu World Express, Inc., Landstar System, Inc., Nippon Express Co., Ltd, Panalpina World Transport Ltd., Ryder Supply Chain Solutions, Schneider National, Inc., SinoTrans (HK) Logistics Limited, Total Quality Logistics, Inc., Transplace Texas LP, Unyson Logistics, Inc., UPS Supply Chain Solutions, and XPO Logistics, Inc.
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