Third Party Logistics Market to Grow at 5.6% CAGR to Reach $1,240 Billion by 2025 Led by Key Players XPO Logistics, H. Robinson, Sinotrans, DSV, DB Schenker, Deutsche Post DHL Group, GEODIS, UPS Supply Chain, Nippon Express, Kuehne + Nagel International
The research thoroughly establishes critical Third Party Logistics Market drivers, well-identified restraints, future opportunities, and ongoing trends of the market with essential statistics to provide precise data in terms of value and volume. The report focuses on the competitive landscape along with the SWOT analysis of some leading company profiles that have a significant impact on global market practices.
Asia-Pacific is showing a greatest traction for e-commerce owing to cross-border purchasing and growth in consumer spending. In 2018, the expansion of logistics warehouse space in China is recorded owing to the continued demand. In last few years, China’s retail sales have increased at a faster rate due to the rapid growth in middle class population. In 2015, China was accounted for 43% of the global online sales volume which was around US$ 666 Bn.
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The Third Party Logistics market ecosystem constitutes the following major stakeholders, namely: solution and service providers, regulatory bodies, and end-users. All these stakeholders are a part of a broader energy value chain, which consists of three major segments, namely Mode of Transport (Roadways, Railways, Waterways, and Airways), Services (International Transportation, Warehousing, Domestic Transportation, and Inventory Management), and End-User (Automotive, Healthcare, Retail, and Consumer Goods).
The report actively includes informative aspects relating to product developments, launches, and trends, to assist Third Party Logistics Market players, shareholders, and investors in strategic decision making. Besides, the report highlights the potential opportunities for the market players and future trends of the market by a logical and calculative study of the past and current market scenario.
Global Third party logistics Market - Company Profiles
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
The Third Party Logistics Market Strategic Insights includes Nippon Express Co., Ltd. completed the acquisition of the equity interest in Traconf S.r.l. which is an apparel logistics service provider through Nippon Express Europe GmbH; UPS Worldwide Express develop To assist businesses to deliver crucial goods in emerging markets. The service is extended in 57 countries consist of South Korea, Pakistan, and Brazil; GEODIS signed contract with Biosystems S.A, Pharma and Healthcare centric industry to provide lab instruments and temperature-controlled reagents in around 35 countries globally. Through this contract, GEODIS uses its vast global network to conduct customs activities.
The demand for third party logistics is largely influenced by number of factors mainly due to the increase in internationalization and growth in E-commerce in numerous business segment. On the basis of mode of transport, roadways mode of transport accounted for the largest share of the third party logistics market in 2017 in terms of revenue.
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The report also puts forward the current and future Third Party Logistics Market scenario derived precisely from a thorough analysis of the markets across five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The exhaustive PEST analysis is done for each region to assess major external factors which may influence the Third Party Logistics Market in the coming years. Asia-Pacific is the leading revenue generating region in 2017 with China and Japan being the leading countries in this region. 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.
This Research Report Examines Company share by region and sector; Global and regional market positions; Category and country opportunities for growth; New product developments; Strengths and weaknesses; Brand portfolio; Marketing and distribution strategies; Challenges and threats from current competition and future prospects.
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The Third Party Logistics Market study also includes the key drivers expected to boost the market growth and restraining factors along with future opportunities during the forecast. The Third Party Logistics Market is likely to showcase symbolic growth opportunities owing to growing demands for Third Party Logistics across the globe. The market report highlights top ten companies’ operation strategy in the market through a descriptive SWOT analysis of each company, business overview, products and services, financial statements of last three years, and key developments and product launches by the company in recent years.
The impact of the political, economic, social, and technological factors on the market across these regions help in giving insightful knowledge of the favorable and unfavorable conditions for the major market players including manufacturers, investors, and shareholders.
Key Insights that the report covers:-
• Key drivers, restraints, and prevailing trends
• Market size, growth rate, and opportunities
• Market share and position of the top players
• PEST Analysis of the five major regions
• Detailed SWOT analysis of top 10 companies
• Recent developments and new product launches
• Major challenges faced by the market players
The insights also cover the production, value, market share, and growth rate of these top manufacturers and investigate the competitive landscapes for a better understanding of the market scenario. The report is intended to help the readers develop a practical and intelligent approach to market dynamics and exploit opportunities accordingly.
The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. It also provides the overview and forecast for the global third party logistics market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the logistics industry.
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