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Third party logistics Market Competitive Scenario, Geographic Trends and Opportunities by 2027 - Top Key Profiles: Nippon Express., DB Schenker, C.H. Robinson, DSV, XPO Logistics, Sinotrans, GEODIS, UPS Supply Chain Solutions

02-08-2019 01:09 PM CET | IT, New Media & Software

Press release from: The Insight Partners

Third party logistics Market

Third party logistics Market

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.

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.

The global third party logistics 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. Asia-Pacific is the leading revenue generating region in 2017 with China and Japan being the leading countries in this region.

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Key Players profiled in the Third Party Logistics (3PL) Market-
1. Deutsche Post DHL Group
2. Kuehne + Nagel International AG
3. Nippon Express Co., Ltd.
4. DB Schenker
5. H. Robinson
6. DSV
7. XPO Logistics
8. Sinotrans
9. GEODIS
10. 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 third party logistics market. 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.

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.

Have Queries? Ask us at https://www.theinsightpartners.com/inquiry/TIPTE100000695

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.

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. 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.

Reasons to buy-
-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
-Highlights key business priorities in order to assist companies to realign their business strategies
-The key findings and recommendations highlight crucial progressive industry trends in the global third party logistics market, thereby allowing players across the value chain 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 client products, segmentation, pricing and distribution

Buy this Report now at https://www.theinsightpartners.com/buy/TIPTE100000695

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.

Contact us -
Contact Person : Sameer Joshi
Phone : +1-646-491-9876
Email Id : sam@theinsightpartners.com

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