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Third Party Logistics Market in North America Outlook to 2027- Deutsche Post, XPO Logistics, Kuehne + Nagel International, CEVA Logistics, DB Schenker, Hitachi Transport System, Geodis, Neovia Logistics, Nippon Express, C.H. Robinson Worldwide, DSV A/S, S

04-20-2019 12:19 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
Third Party Logistics Market in North America Worth USD 315.0 Billion by 2027

Third Party Logistics Market in North America Worth USD 315.0 Billion by 2027

Third Party Logistics market in North America is expected to grow from US$ 196.2 Bn in 2017 to US$ 315.0 Bn by the year 2027. This represents a CAGR of 6.2% from the year 2018 to 2027.

US is anticipated to leads the third party logistics market across the North America region through the forecast period. US is one of the leading market for 3PL in North America where warehousing is the major outsourced logistics service. Increase in inclination of manufacturers to develop paperless work along with rise in adoption of just-in-time trucking for e-commerce companies is boosting the market for 3PL in U.S. The growth of the warehousing market in the U.S is majorly attributed to the rising sophistication and system capabilities of the VAWD (Verified-Accredited Wholesale Distributors) and 3PL. The industry therefore offers great opportunities for the high tech development, particularly to the automotive shippers along with other verticals. This bolster the North America third party logistics market on the forecast period. The figure given below highlights the revenue share of Mexico in the North America third party logistics market in the forecast period.

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Key Benefits-

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Third Party Logistics Market in North America

• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

A new research report titled, ‘Third Party Logistics Market in North America’ has been added to the vast repository The Insight Partners. The intelligence report provides an in-depth analysis of the Third Party Logistics Market in North America on the basis of the different types of products, technologies, industry verticals, applications, and end-users. The Third Party Logistics Market in North America Report is a valuable source of information for businesses and individuals.

It provides industry linkages, business strategies and proposals to invest in new projects, and includes market conditions, market share, growth rates, future trends, market drivers, challenge. This report focuses on the global status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Third Party Logistics in North America development in United States, Europe and China.

Leading Key Players:

1. Deutsche Post AG
2. Kuehne + Nagel International AG
3. Nippon Express Co., Ltd.
4. DB Schenker
5. C.H. Robinson Worldwide, Inc.
6. DSV A/S
7. XPO Logistics, Inc.
8. Sinotrans Co., Ltd.
9. Geodis
10. UPS Supply Chain Solutions

Worldwide Third Party Logistics Market in North America Analysis to 2027 is a specialized and in-depth study of the Third Party Logistics Industry in North America with a focus on the global market trend. Various segments of the market such as type/components/ application/industry verticals/ end-users are analyzed with robust research methodology which includes three step process starting with extensive secondary research to gather data from company profiles, global/regional associations, trade journals, technical white papers, paid databases etc. followed by primary research (interviews) with industry experts/KOLs to gain their insights and views on current scenarios and future scope of the market as well as validating the secondary information, further internal statistical model is used to estimate the market size and forecasts till 2027.

Third Party Logistics Market in North America Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 10 key vendors.

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Enhancing focus of manufacturing companies are concentrating on reducing assets and emphasize on core business is fueling the North America third party logistics market. 3PL firms also help to reduce inventory cost and can strategize to reduce a company's overall shipping & delivery costs as well. The core companies may not have that time or expertise to keep logistic services and systems updated. The company often face challenges meeting timely delivery of products during high business growth. Outsourcing logistic function from a third party is helpful for core companies as these firms manage and maintain warehouse, transportation, and other operations with more efficiently with expertise. Also, 3PL eliminates the need to invest in technology, warehouse space, transportation, a trained staff in order to execute the logistics process, thereby driving the third party logistics market in North America. This factor has created a potential market space for North America third party logistics market.

The bolstering acceptance of several software solutions is anticipated to fuel the North America third party logistics market growth. In coming years, the 3PL firms are expected to shift towards mobile technology in order to reduce the paper records. Moreover, the adoption of the RFID enabled devices are expected to store data for easy transport that will also simplify tracking & identification of products. Software related to transportation management system will reduce the inefficiency and costs with saving time for operations. For instance, XPO Logistics announced XPO Connect which is a digital freight and cloud-based marketplace. This platform is developed to offer shippers with a single POE (point of entry) for visibility across modes to minimize cost and time. These initiative by the market player are enhancing the growth of North America third party logistics market.

NORTH AMERICA AUTOMOTIVE SEMICONDUCTOR - MARKET SEGMENTATION

By Mode of Transport
• Roadways
• Railways
• Waterways
• Airways

By Services
• International Transportation
• Warehousing
• Domestic Transportation
• Inventory Management
• Others

By End User
• Automotive
• Healthcare
• Retail
• Consumer Goods
• Others
By Customer
• Small & Medium Enterprises
• Large Enterprises

By Country
• US
• Canada
• Mexico

Reason 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 in North America.
• 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 Third Party Logistics Market in North America, 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.

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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