Press release
Third Party Logistics Market to Reach US$ 1,240.0 Mn by 2025 | Nippon Express Co., Ltd., DB Schenker, C.H. Robinson, DSV, XPO Logistics, Sinotrans, Deutsche Post DHL Group, Kuehne + Nagel International AG, GEODIS, and UPS Supply Chain Solutions
Third Party Logistics Market Growing at a CAGR of 13.5%
Asia-Pacific is the leading revenue generating region in 2017 with China and Japan being the leading countries in this region. This growth in demand for 3PL in this region is attributed to robust economic growth and dynamic business environment along with growing retail enactment owing to the rising disposable income. Moreover, foreign manufacturers prefer Asian countries as their production locations due to the availability of cheaper labor.
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Top Dominating Key Players in 3PL Market:
- Deutsche Post DHL Group
- Kuehne + Nagel International AG
- Nippon Express Co., Ltd.
- DB Schenker
- H. Robinson
- DSV
- XPO Logistics
Logistic industry can be considered as the wheel of globalization and competitive product availability for the increase in number of global consumers. 3PL is a significant part of today’s supply chain for small and large businesses. These firms provide services such as international & domestic transportation, inventory management, warehousing, distribution, order fulfilment, and freight consolidation. By outsourcing 3PL services, manufacturing companies are able to focus on product development, sales, and other core operations. 3PL offers immediate knowledge & expertise in the field, track on international logistics, and create cost savings.
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 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.
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Roadways is the leading mode of transport segment, whereas airways is growing rapidly across the globe.
The report focuses on in-depth segmentation of third party logistics market by mode of transport, services, end-user, and regions. The geographic segmentation of this report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By mode of transport, roadways mode of transport accounted for the largest share of the third party logistics market in 2017, whereas airways transport is expected to grow at the highest CAGR during the forecast period.
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