Press release
North America Third Party Logistics Market is Growing at a High CAGR by 2027 According to a New Research Report by DEUTSCHE POST, KUEHNE + NAGEL INTERNATIONAL, NIPPON EXPRESS, DB SCHENKER, C.H. ROBINSON WORLDWIDE
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Factors including focus on managing timely delivery along with reducing overall operational cost driving the North America Third party logistics market. 3PL eliminates the need to invest in technology, warehouse space, transportation, a trained staff in order to execute the logistics process. Additionally, hiring the third party firms is more cost-effective than investing in own logistic operations. Thus, reducing overall operational cost and managing timely delivery are expected to drive the North America market for third party logistics. The market players are focusing on various initiatives to enhance its reach to rural areas and boost its position in the North America Third party logistics market.
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Some of the players present in Third party logistics market are Deutsche Post AG, Kuehne + Nagel International AG, Nippon Express Co., Ltd., DB Schenker, C.H. Robinson Worldwide, Inc., DSV A/S, XPO Logistics, Inc., Sinotrans Co., Ltd., Geodis, and UPS Supply Chain Solutionsamong others.
The North America Third party logistics market is fragmented with the presence of several industries and the competitive dynamics in the market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the North America Third party logistics market further. For instance, the tax policies and regulations are one of the major significant factors to be considered in 3PL as these firms operate in both international and domestic level. Business disruptions and costly trade penalties may expose 3PL firms to huge risk and hamper customer relationships. Global expansion and intense competition in 3PL contribute to increase regulatory compliance and changing tax regulations may act as threat to growth of the companies. These initiatives are implemented to enhance the technologies that positively impact on the North America Third party logistics market. These initiative provide various benefits to the Third party logistics based companies located in the region thus, increasing the growth of North America Third party logistics markets. This is further expected to provide the North America Third party logistics market players to cope up with the rapidly transforming automotive industry. This initiative provides multiple benefits to the companies present in this region and thus increasing the growth of North America Third party logistics market.
On the basis of End-User, the retail segment is leading the North America Third party logistics market. However, the automotive segment are anticipated to grow at a highest CAGR. Automotive industries are highly dependent on strategic logistic services in order to ensure effective & efficient operations and for allocating resources in other operations. Automotive products has their heavier usage and larger size which makes this industry as one of the leading user of integrated logistics systems and services. The logistic services commonly used in auto industry are express services, inbound material flow management, reverse logistics, just-in-time delivery, cross-docking, and warehousing. Currently, the market players are looking ahead to support North America Third party logistics industry by innovating advanced technological components.
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Table of Contents:
PART 1.INTRODUCTION
PART 2.KEY TAKEAWAYS
PART 3.NORTH AMERICA THIRD PARTY LOGISTICS MARKET LANDSCAPE
PART 4.NORTH AMERICA THIRD PARTY LOGISTICS MARKET - KEY INDUSTRY DYNAMICS
PART 5.THIRD PARTY LOGISTICS MARKET - NORTH AMERICA MARKET ANALYSIS
PART 6.NORTH AMERICA THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 - MODE OF TRANSPORT
PART 7.NORTH AMERICA THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 - BY SERVICE
PART 8.NORTH AMERICA THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 - BY END-USER
PART 9.NORTH AMERICA THIRD PARTY LOGISTICS MARKET REVENUE AND FORECASTS TO 2025 - BY CUSTOMER
PART 10.NORTH AMERICA THIRD PARTY LOGISTICS - COUNTRY ANALYSIS
PART 11.INDUSTRY LANDSCAPE
PART 12.COMPETITIVE LANDSCAPE
PART 13.NORTH AMERICA THIRD PARTY LOGISTICS MARKET- KEY COMPANY PROFILES
PART 14.APPENDIX
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