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Third-Party Logistics (3PL) Market Revenue, Opportunity, Segment and Key Trends | Top Key Players are BDP International, C.H. Robinson, CEVA Logistics, DB Schenker, DHL Supply Chain, UTi Worldwide (DSV A/S), FedEx, GEODIS, J.B. Hunt Transport, Inc., Kuehn

11-08-2018 08:44 AM CET | Logistics & Transport

Press release from: Global Market Insights, Inc.

Third Party Logistics (3PL) Market

Third Party Logistics (3PL) Market

The Third-Party Logistics (3PL) Market is forecast to grow at a significant rate owing to the increasing focus of manufacturers on their core businesses and sub-contracting the activities, where they have less expertise. The growth in the e-commerce industry is expected to drive the 3PL market due to an increase in demand for fast delivery, efficient inventory management, freight forwarding, and individualized shipping time. The players in the e-commerce sector are focused on selling goods online, thus necessitating the need for 3PL market providers.

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Increasing globalization is encouraging companies across several industry verticals including e-commerce, food & beverage, durable manufacturing, and general merchandising to expand their geographical presence to meet the global demand. This is expected to positively impact the International Transportation Management (ITM) segment demand. 3PL market vendors are focusing on providing international freight management and customs brokerage with their extensive knowledge of import-export processes and international regulations.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Americold Logistics, LLC.
2. BDP International
3. Burris Logistics
4. C.H. Robinson
5. CEVA Logistics
6. DB Schenker
7. DHL Supply Chain
8. UTi Worldwide (DSV A/S)
10. FedEx
12. J.B. Hunt Transport, Inc.
13. Kintetsu World Express
14. Kuehne + Nagel
15. Landstar
16. Nippon Express
17. Panalpina
18. Ryder Supply Chain Solutions
19. Schneider
21. Total Quality Logistics
22. Transplace
23. Unyson
24. UPS Supply Chain Solutions
25. XPO Logistics, Inc.

3PL Market, By Solution

• W&D
• Logistics software

3PL Market, By Mode

• Air
• Sea
• Rail & road

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The adoption of various software solutions, such as cloud ERP and SCMs, is expected to positively impact the Third-Party Logistics (3PL) Market growth. An increase in efficiency and a significant cut in costs enable the providers to increase their profit margins. Features, such as inventory tracking and online documentation for international freights, are attracting manufacturers toward the 3PL solutions.

Rail & road mode is expected to experience a high demand owing to the increasing domestic transportation requirements. The launch of rail freight services between Beijing and London across Asia and Europe is expected to surge the trade through the rail mode. This has enabled manufacturers to explore newer transportation options at low costs. This silk route unlocks options for shippers to reduce the transportation time.

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The Asia Pacific 3PL market is predicted to have a significant industry share contributing to over 30% of the total revenue in 2016. The growth in the region is propelled by the improving economic conditions, Internet penetration, and the rising number manufacturing firms. These factors provide lucrative growth opportunities to the industry for effective warehousing and distribution services. In addition, the rising free trade agreements between different countries in the region offer a wide potential for growth.

Some of the prominent players operating in the Third-Party Logistics (3PL) Market include Americold Logistics, LLC.,BDP International, Burris Logistics, C.H. Robinson, CEVA Logistics, DB Schenker, DHL Supply Chain, UTi Worldwide (DSV A/S),EXPEDITORS INTERNATIONAL OF WASHINGTON INC, FedEx, GEODIS, J.B. Hunt Transport, Inc., Kintetsu World Express, Kuehne + Nagel, Landstar, Nippon Express, Panalpina, Ryder Supply Chain Solutions, Schneider, SINOTRANS (HK) LOGISTICS LIMITED, Total Quality Logistics, Transplace, Unyson, UPS Supply Chain Solutions, XPO Logistics, Inc. The 3PL market is highly fragmented in nature and is characterized by several acquisitions and mergers. For instance, in 2016, C.H. Robinson acquired APC Logistics as an expansion strategy. The companies are increasing their capabilities to expand the service portfolio. In 2017, AmeriCold Logistics LLC announced the purchase of several cold storage facilities across the U.S. to increase the capacity of their temperature-controlled services. The companies are actively involved in the purchase of offices overseas, particularly in Latin America and Africa, to meet the international transportation demand.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

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