Third party logistics Market Size & Share | 3PL Industry Growth to 2025 - XPO Logistics, Sinotrans, H. Robinson, UPS Supply Chain Solutions

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.

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.

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Asia-Pacific is the dominant region in the third party logistics market and this region is expected to continue its lead during the forecast period. Where, China dominated the demand for third party logistics services with the increase in business expansion. Asia-Pacific is contributing to the highest revenue globally due to robust economic growth along with growing retail enactment owing to the rising disposable income in this region. Further, fast growth in e-commerce sector and rise in foreign direct investment are boosting the market for third party logistics in this region. North America is expected to be the fastest growing region in third party logistics market owing to the service integration, data management, expansion of service offerings, and inclination towards offering more flexible solutions to customers.

Airways is often considered as an alternative for other mode of transport especially in case of flooding and conflict situations. The factors that influence the selection for airway mode of transport are availability & cost of different types of aircraft, the distance to be travelled & possible constraints on certain airspace, and securing landing & over-flight permission.

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

Global Third Party Logistics Market– By Mode of Transport

Roadways
Railways
Waterways
Airways
Others

Global Third Party Logistics Market– By Services

International Transportation
Warehousing
Domestic Transportation
Inventory Management
Others

 
Global Third Party Logistics Market– By End-User

Automotive
Healthcare
Retail
Consumer Goods
Others

Global Abrasive wheels Market– By Geography

North America
U.S.
Canada
Mexico

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This release was published on openPR.