|05-15-2019 07:18 AM CET - Logistics & Transport||
Third party logistics Market 2019 - Promises a Striking Fortune of USD 1,240.0 million by 2025 | Deutsche Post DHL Group, Kuehne + Nagel International AG, Nippon Express Co., Ltd., DB Schenker, C.H. Robinson, DSV, XPO Logistics
Press release from: Premium Market Insights
Premium Market Insights has published Third-party logistics market report providing market size by players, Mode of Transport, Services, regions, and end industries, history data 2014-2018 and forecast data 2019-2027; this report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The third-party logistics market is expected to grow to US$ 1,240.0 million by 2025 from US$ 805.4 million in 2017. 3PL is basically the use of an outside company in order to perform the company’s product distribution and materials management functions. 3PL are the companies delivering single or multiple logistics services to a manufacturing company. Though 3PL firms do not hold the owners of product for distribution, however, they are bound to accomplish the requested logistics activities of the purchasing company. 3PL is a significant part of today’s supply chain for small and large businesses.
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Increase in demand for shipping cost reduction & more focus on timely delivery management, reduction on company’s assets & permitting focus on core business, an advantage in managing seasonal variations are projected to drive the market for third-party logistics during the forecast period. However, lesser control of manufacturers on logistic service and delivery process may adversely impact the market for third-party logistics in the near future. Moreover, the factor such as an increase in adoption and growth of e-commerce in the retail sector is projected to generate remarkable growth opportunity to the industry players.
The global third party logistics market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa, and South America. The market is currently dominated by Asia-Pacific and Europe, however, the market is expected to be in favor of North America, which is anticipated to witness remarkable growth rate owing to the increase in demand for service integration, data management, and inclination of manufacturers towards more flexible solutions.
The List of Companies
1. Deutsche Post DHL Group
2. Kuehne + Nagel International AG
3. Nippon Express Co., Ltd.
4. DB Schenker
5. H. Robinson
7. XPO Logistics
10. UPS Supply Chain Solutions
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The report segments the global third party logistics market as follows:
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)
o South Africa
o Saudi Arabia
• South America (SA)
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Name: Sameer Joshi
Organization: Premium Market Insights
This release was published on openPR.
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