11-10-2018 09:23 AM CET - Logistics & Transport
Print

Third Party Logistics Market Projection, Developments Status, Analysis, Trends, Strategic Assessment - FedEx Corporation, Union Pacific Corporation, Kuehne+Nagel Inc., BNSF Railway Company

Press release from: Polaris Market Research & Consulting
Third Party Logistics Market
Third Party Logistics Market


Third Party Logistics Market generated $795 billion in 2017 and is anticipated to grow at a CAGR of 5.3% during the forecast period.

Asia-Pacific generated the highest revenue in the market in 2017 owing to increasing demand from automotive and manufacturing sectors. The emerging economies of China, Japan, India, and South Korea along with increasing trend of e-commerce impacts the Third Party Logistics Market growth.

Request Sample for more Professional and Technical insights @
bit.ly/2PSvwSG

Third Party logistics or 3PL is expected to replace the traditional ways in which companies handle their supply chain and logistics operations. It is the process of outsourcing majority or almost all of the supply chain and logistics operations to an independent company. This enables the manufacturers and retailers to focus on their core business and its competencies by subcontracting the skills they lack. The services offered by 3PL include dedicated contract carriage, domestic transportation management, international transportation management, warehousing distribution and other services.

Increased globalization has propelled a strong connectivity of manufacturing and retail activities, which has greatly influenced the Third Party Logistics Market growth. The increase in manufacturing productivity has increased the demand for supply chain, supporting the growth of the market. The reliability and cost effectiveness of services offered by 3PL has encouraged businesses to invest in it to increase their overall productivity. However, since there is no control of logistics with the manufacturers and retailers, a risk of loss of reputation hinders the market growth to a certain extent. The implementation of multi-channel logistics network to reduce the total time and cost, along with integration of IT software and services is expected to offer growth opportunities during the forecast period.

The key players operating the Third Party Logistics Market include FedEx Corporation, Union Pacific Corporation, Kuehne+Nagel Inc., BNSF Railway Company, AmeriCold Logistics, LLC, Landstar System, Inc., Ryder System, Inc., Burris Logistics, DB SCHENKER Logistics, and CEVA Logistics.

For 'Queries' related to this research report, Make an Enquiry @
bit.ly/2PUE0bI

Competitive Landscape and Regional Outlook: -

Third Party Logistics Market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Third Party Logistics Market. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

Table of Content of Third Party Logistics Market:
Chapter 1. Overview and Scope
Chapter 2. Market Summary
Chapter 3 Third Party Logistics Market Size and Forecast
Chapter 4. Dynamics and Segmentation
Chapter 5. Detailed Insight on Key Company
Chapter 6. Research Methodology and Reference
Chapter 7. Competitive Landscape
TOC Continued…...!!!!

About Us:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

Contact Us:
Mr. Neel
Corporate Sales, USA
Polaris Market Research and Consulting
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com

This release was published on openPR.
News-ID: 1359729 • Views: 427
More releasesMore releases

You can edit or delete your press release here: