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Third Party Logistics Market Outlook to 2025 - XPO Logistics, Sinotrans, GEODIS, Deutsche Post DHL Group, Kuehne + Nagel International, Nippon Express, DB Schenker, C.H. Robinson, DSV, UPS Supply Chain Solutions

12-12-2018 10:38 AM CET | Logistics & Transport

Press release from: The Insight Partners

/ PR Agency: Third Party Logistics Industry Growth Report
Third Party Logistics Market Growth Potentially Worth 1,240 BILLION by 2025

Third Party Logistics Market Growth Potentially Worth 1,240 BILLION by 2025

The Global Third Party Logistics Market to grow at a CAGR of 13.5% to reach $1,240.0 Billion by 2025 from $805.4 Billion in 2017 driven by increase in international exports/imports and growth in E-commerce in numerous business segment.

This report focuses on the Third Party Logistics Market Size, Revenue, Share, status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Third Party Logistics development in North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA).

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The key players profiled in the report are Deutsche Post DHL Group, Kuehne + Nagel International AG, Nippon Express Co., Ltd., DB Schenker, C.H. Robinson, DSV, XPO Logistics, Sinotrans, GEODIS, and UPS Supply Chain Solutions.

In Asia-Pacific, rapid economic development, fast growth in e-commerce sector, and rise in foreign direct investment are boosting the market for 3PL. Asia-Pacific comprise of large number of 3PL providers along with the intense competition owing to the rising demand for 3PL services. This attracted several non-asset-based 3PL entrants and encouraged existing players to expand their geographic reach with broad service portfolio.

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.

Asia-Pacific is showing a greatest traction for e-commerce owing to cross-border purchasing and growth in consumer spending. In 2018, the expansion of logistics warehouse space in China is recorded owing to the continued demand. In last few years, China’s retail sales have increased at a faster rate due to the rapid growth in middle class population. In 2015, China was accounted for 43% of the global online sales volume which was around US$ 666 Bn.

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.

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Asia-Pacific is expected to continue its lead during the forecast period
The global third party logistics (3PL) market is valued at US$ 805.4 million in 2017 and is estimated to reach US$ 1,240.0 million by 2025, growing at a CAGR of 5.6% during 2018 to 2025. 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.

The report segments the global third party logistics market as follows:

• Global Third Party Logistics Market– By Mode of Transport

o Roadways
o Railways
o Waterways
o Airways
o Others

• Global Third Party Logistics Market– By Services

o International Transportation
o Warehousing
o Domestic Transportation
o Inventory Management
o Others

• Global Third Party Logistics Market– By End-User

o Automotive
o Healthcare
o Retail
o Consumer Goods
o Others

• Global Abrasive wheels Market– By Geography

o North America
 U.S.
 Canada
 Mexico

o Europe
 France
 Germany
 Italy
 Spain
 UK

o Asia Pacific (APAC)
 Australia
 China
 India
 Japan

o Middle East & Africa (MEA)
 South Africa
 Saudi Arabia
 UAE

o South America (SA)
 Brazil
 Argentina

Browse Complete Report with In-depth Analysis of Key Market Players and Table of Contents at http://bit.ly/2pqU99Z

Key Benefits of Buying this Research Study:

1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Third Party Logistics Market
2. Highlights key business priorities in order to assist companies to realign their business strategies
3. The key findings and recommendations highlight crucial progressive industry trends in the Third Party Logistics Market, thereby allowing players across the value chain to develop effective long term strategies
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

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