Third Party Logistics Market By Top Key Players: UPS Supply Chain Solutions, Expeditors International, FedEx, Burris Logistics, DHL Supply Chain, J. B. Hunt, Nippon Express, Unyson Logistics, XPO Logistics

Market Overview: -

Third Party Logistics (3PL) Market set to reach USD 1,100 billion by 2024. Increasing focus of manufacturers to achieve efficiency in the core processes over the supply chain management activities is driving the 3PL market growth. Logistics provider companies offer customers custom solutions for specific needs including packaging, inventory warehousing, and integration. Outsourcing these services saves a substantial amount of time and money and enables firms to focus on core manufacturing and product development activities. The implementation of these platforms provides continuous optimization of business operations related to the transportation, inventory management, and supplying to the distribution channel.

The implementation of big data in emerging logistic services will fuel the third party logistics market growth. This technology enables 3PL market service providers to offer customers value-added services and gain a competitive advantage. Major 3PLs are increasingly investing in big data capabilities to ensure consumer customization of supply chain integration. The technology offers business organizations to provide higher volume, variety, and velocity compared to the basic data competencies. A major trend propelling the third party logistics market is the development of new products integrated with big data analytics technology that allows providers to customize the products according to the needs and trends.

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Top Key Players: -

Players operating in the third party logistics market are UPS Supply Chain Solutions, Expeditors International, FedEx, Burris Logistics, DHL Supply Chain, J. B. Hunt, Nippon Express Co., Ltd., Unyson Logistics, Inc., and XPO Logistics, Inc. Companies in the 3PL market majorly focus on providing efficient supply chain operations with on-time delivery and partnerships with transport service providers in various countries.

Market share calculation in this report is not done based on companies covered in it. The calculation of 3PL market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentation: -

MEA is expected to gain a high revenue share in the third party logistics market owing to the increased logistic operations and penetration of various industrial suppliers. The UAE has emerged as a major country in the supply chain integration activities in recent years. The Asia Pacific 3PL market is expected to grow at high rates owing to the increasing penetration of e-commerce manufacturers and suppliers. The implementation of GST and trade policies in India and ongoing government investments for infrastructure development are further propelling the third party logistics market growth.

Rail & road transportation mode dominates the third party logistics market and is expected to maintain its position over the forecast period. The high utilization of this mode is attributed to the ease of operations and low costs over the alternatives. Rail & road is the most common mode adopted by service providers due to high capacity and easy transit options. Governments in various countries are adopting several initiatives to support the growth of logistics activities at national and international levels to support the economy and improve the country relations. However, several economies focus on developing the port infrastructure to achieve high profit margins and enhance the supply chain delivery channel.

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Partial Chapter of the Table of Content

Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 3PL industry 3600 synopsis, 2013 – 2024
2.1.1 Regional trends
2.1.2 Solution trends
Chapter 3 3PL Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2024
3.3 Industry ecosystem analysis
3.3.1 Inbound logistics
3.3.2 Outbound logistics
3.3.3 Client to supplier returns process
3.3.4 Customer to client returns process
3.3.5 Value added warehousing & distribution (VAWD) industry landscape
3.3.5.1 Order Fulfillment
3.3.5.2 Reverse Logistics
3.3.6 Supply Chain Management (SCM) service/logistics BPO industry landscape
3.3.7 Vendor matrix
3.4 Technology & innovation landscape
3.4.1 Automated Guided Vehicles (AGV) in logistics & warehousing
3.4.2 Global AGV/logistics robotics market size
3.5 Industry participant analysis
3.5.1 Major pain points
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Technological advancements
3.6.1.2 Emerging trend across E-Commerce industry
3.6.2 Industry pitfalls and challenges
3.6.2.1 Lack of logistics control
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 Company market share analysis, 2016
3.9.1 Overview of key players
3.10 Development of competitive positioning over time
3.11 PESTEL analysis

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Third party logistics market recognized Domestic Transport Management (DTM) as an emerging segment in recent years. The growth is attributed to the continuous rise in global activities that promote globalization over the globe. End users demand efficient transportation and logistics operations along with on-time delivery. However, DTM offers logistics providers an advanced management of the transportation process, cost & complexity reduction, and easy transaction of payments in the same currency.

Moreover, International Transport Management (ITM) systems and services are gaining traction in the global 3PL market owing to the rise of international business and trade liberalization reforms in developed countries. The growth of the cross-border logistics operations promoting international trade further aids the 3PL market growth.

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