Third Party Logistics Market Ensure to Reach US$ 1,240.0 Bn by 2025 - DB Schenker, C.H. Robinson, DSV, XPO Logistics, Sinotrans, Deutsche Post DHL Group, Kuehne + Nagel International AG, Nippon Express Co., GEODIS, and UPS Supply Chain Solutions
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%.
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The major players operating in the third party logistics market 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.
Global third party logistics market is expected to grow from US$ 805.4 billion in 2017 to US$ 1,240.0 billion by 2025 growing at a CAGR of 13.5% from 2018 to 2025. Roadways is the leading mode of transport segment, whereas airways is growing rapidly across the globe.
The major factors propelling the market growth for third party logistics are rise in focus of manufacturing companies on reducing assets and emphasize on core business, benefits in managing seasonal variations of products, and increase in demand for reducing overall operational cost and focus on managing timely delivery.
Worldwide Third Party Logistics Market Analysis to 2027 is a specialized and in-depth study of the Third Party Logistics Industry with a focus on the global market trend. The report aims to provide an overview of global Third Party Logistics Market with detailed market segmentation by product/application and geography. The global Third Party Logistics Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the Third Party Logistics players and offers key trends and opportunities in the market.
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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• The key findings and recommendations highlight crucial progressive industry trends in the Third Party Logistics, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Third Party Logistics Market Segmentation:
Global Third Party Logistics Market– By Mode of Transport
Global Third Party Logistics Market– By Services
• International Transportation
• Domestic Transportation
• Inventory Management
Global Third Party Logistics Market– By End-User
• Consumer Goods
Global Abrasive wheels Market– By Geography
• North America
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South America (SA)
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