Press release
Third Party Logistics Market is Witnessing Phenomenal Growth by 2025 - Sinotrans, GEODIS, UPS Supply Chain Solutions, Deutsche Post DHL Group, DSV, XPO Logistics, Kuehne + Nagel International AG, Nippon Express Co. Ltd., DB Schenker, C.H. Robinson
Third party logistics market report analyses the prospects in the market for several shareholders and aspirants by identifying the high-growth segments, main actions approved by them and third party logistics market recent progressions. The third party logistics market report is prepared after fundamental levels of research regarding the third party logistics Industry.Increase in demand for minimizing overall operational cost and manufacturer's focus on timely delivery of products are projected to escalate the market growth at a CAGR of 5.6%.
The third party logistics market (3PL) is at its growing phase in different regions owing to the increase in international exports/imports and growth in E-commerce in numerous business segment. The market is further expected to flourish in North America and Middle East owing to service integration, data management, expansion of service offerings, and inclination towards offering more flexible solutions to customers.
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Top Dominating Key Players in This Market:
- Deutsche Post DHL Group
- Kuehne + Nagel International AG
- Nippon Express Co., Ltd.
- DB Schenker
- H. Robinson
- DSV
- XPO Logistics
Latest market study on “Third Party Logistics (3PL) Market to 2025 by Mode of Transport (Roadways, Railways, Waterways, and Airways), Services (International Transportation, Warehousing, Domestic Transportation, and Inventory Management), and End-User (Automotive, Healthcare, Retail, and Consumer Goods) – Global Analysis and Forecast”, the third party logistics market is estimated to reach US$ 1,240.0 million by 2025 from US$ 805.4 million in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Roadways is the leading mode of transport segment, whereas airways is growing rapidly across the globe.
The report aims to provide an overview of global third party logistics market with detailed market segmentation. Also, it analyzes the current third party logistics market scenario and forecasts the market till 2025. The report further covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provides PEST along with the SWOT analysis for all company profiled in the report.
Asia-Pacific is one of the prominent regions in third party logistics market which is contributing to the highest revenue globally due to robust economic growth along with growing demand for retail sector owing to the rising disposable income & growing population in this region. Further, fast growth in e-commerce sector and preferences of foreign companies for Asia-Pacific as their manufacturing location are boosting the market for third party logistics in this region. The factors such as continual urbanization, strong economic growth, rise in industrialization, and growth in middle-class population supported the growth in domestic consumption of fast-moving consumer goods for everyday consumption, personal automobiles, household items, and luxury items. This in turn increases the retail sales and makes Asia-Pacific the leading market for third party logistics service consumer.
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TABLE OF CONTENTS
1. Introduction
1.1 Scope of The Study
1.2 The Insight Partners Research Reports Guidance
2. Key Takeaways
2.1 Asia-Pacific Holds The Largest Market Share In Third Party Logistics Market In 2017
2.2 Retail Is The Leading End User Segment In 2017
3. Third Party Logistics Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 By Mode of Transport
3.2.2 By Services
3.2.3 By End User
3.2.4 By Geography
3.3 PEST Analysis
3.3.1 North America PEST Analysis
3.3.2 Europe PEST Analysis
3.3.3 Asia Pacific PEST Analysis
3.3.4 Middle East & Africa PEST Analysis
3.3.5 South America PEST Analysis
4. Third Party Logistics Market – Key Industry Dynamics
4.1 Key Market Drivers
4.1.1 Rise In Demand For Reducing Overall Operational Cost And Focus On Managing Timely Delivery
4.1.2 Inclination Of Manufacturing Companies On Reducing Assets And Emphasize On Core Business
4.1.3 Benefits In Managing Seasonal Variations Of Products
4.2 Key Market Restraints
4.2.1 Lesser Control Of Manufacturer On Logistics Service And Delivery Processes
4.3 Key Market Opportunities
4.3.1 Increase In Adoption Of E-Commerce In Retail Sector
4.4 Future Trends
4.4.1 Implementation Of Several Software Solutions
4.5 Impact Analysis Of Drivers And Restraints
5. Global Market Analysis
5.1 Global Market Overview
5.2 Global Market and Forecast To 2025
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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Email: sales@theinsightpartners.com
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