Press release
Growth of Third-party Logistics (3PL) Market in Global Industry: Overview, Size and Share 2018-2023 | key Companies ( Sinotrans, COSCO Shipping Logistics, China Merchants Logistics )
Global Third-party Logistics (3PL) Market report explores future trends for supply, demand and market growth rate, market size, prices, trading, competition and value chain as well as Key Players of the industry’s information with forecast from 2018 to 2023.Global Third-party Logistics (3PL) Market Overview:
According to Market Analyst, The Global Third-party Logistics (3PL) Market is projected to grow at a healthy growth rate from 2018 to 2023.
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The Third-party Logistics (3PL) market is expected to witness growth at good pace owing to its use in today’s competitive environment. The demand is expected to rise due to increase in the focus of manufacturer and retailers on their core business.
The Third Party logistics market is expected to progress as service providers are moving towards the use of automated freight payment and audit services to reduce costs. These providers are gaining competitive advantages by reducing capital expenditure (CAPEX), mitigating risks, managing inventory, and focusing on the core competencies of their business operations.
The emergence of Big Data and availability of industry-specific logistics services are expected to be the key driving factors boosting the industry growth. Lack of necessary internal control has resulted in the increase in outsourcing of these services by the middle market companies (including wholesalers and retailers) to overcome the logistic challenges.
Global Third-party Logistics (3PL) Market is segmented on the basis of Product Type, End User and Region.
Regionally, The North American regional market is anticipated to witness significant growth, owing to the increasing demand for logistics software. The growing investments for visibility and route optimization are expected to trigger the demand for 3PL services in the region.
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Market Players of Global Third-party Logistics (3PL) Market:
1 Sinotrans
2 COSCO Shipping Logistics
3 China Merchants Logistics
4 China National Materials Storage and Transportation Corporation
5 Beijing Changjiu Logistics
6 China Shipping Logistics
7 Tianjin DTW Logistics
8 Qingdao Haier Logistics
9 Annto Logistics
The Market is segmented and projected on the basis of major Region Segmentation
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
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The Market is segmented and projected on the basis of Type Segmentation
1 Asset Based Type
2 Non-asset Based Type
The Market is segmented and projected on the basis of End user/ Application Segmentation
1 Automobile
2 Pharmaceutical
3 Cold-chain Third-party Logistics
4 Others
Key Questions Answered in this Report:
1 What will the market size be in 2023?
2 What are the key factors driving the Third-party Logistics (3PL) Market?
3 What are the challenges to market growth?
4 Who are the key players in the Third-party Logistics (3PL) Market?
5 What are the market opportunities and threats faced by the key players?
TABLE OF CONTENTS
1 Market Definition
2 Global Market by Vendors
3 Global Market by Type
4 Global Market by End-Use / Application
5 Global Market by Regions
6 North America Market
7 Europe Market
8 Asia-Pacific Market
9 Market Forecast
10 Key Manufacturers
11 Research Conclusion
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