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Third Party Logistics Market was valued at USD 861 Million in 2017 and is projected to reach USD 1473.28 Million by 2025, growing at a CAGR of 7.0% from 2018 to 2025
Global Third Party Logistics Market Analysis
According to Verified Market Intelligence, the Global Third Party Logistics Market was valued at USD 861 Million in 2017 and is projected to reach USD 1473.28 Million by 2025, growing at a CAGR of 7.0% from 2018 to 2025.
What is Third Party Logistics?
Third Party Logistics is defined as the firm that offers outsourced logistics services for use by customers. These firms consists of anything that involves management of one or more parts of procurement and fulfillment activities. The third party logistics can be a single provider, such as transportation or warehouse storage, or it can be a systemwide bundle of services that are capable of handling supply chain management. These firms are capable of providing specialized services such as inventory management, cross-docking, door-to-door delivery, and packaging of products. Growing e-commerce industry have stimulated the growth of third party logistics market.
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Global Third Party Logistics Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.Advent of Big Data, availability of industry-specific logistics services, rising globalization followed by growing e commerce sector have been driving the global third party logistics market. On the other hand, loss of direct control on the logistics service and potential loss of reputation might hinder the overall growth at a global level.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Third Party Logistics Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Third Party Logistics Market Competitive Landscape
The “Global Third Party Logistics Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as DHL, United Parcel Service, FedEx Corporation, Maersk Logistics, DB Schenker, Kuehne+Nagel Inc., NYK logistics, Panalpina World Transport Ltd., Union Pacific Corporation, and BNSF Railway Company. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Global Third Party Logistics Market Segmentation, by Mode of Transport
• Railways
• Roadways
• Waterways
• Airways
Global Third Party Logistics Market Segmentation, by Service Type
• Dedicated Contract Carriage (DCC)
• Domestic Transportation Management
• International Transportation Management
• Warehousing & Distribution
• Others
Global Third Party Logistics Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
• Rest of the World
Report Details : https://www.verifiedmarketresearch.com/product/global-third-party-logistics-market-size-and-forecast-to-2025/?utm_source=op&utm_medium=Khusro
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