openPR Logo
Press release

Third Party Logistics Market Outlook to 2025 - Deutsche Post DHL, Kuehne + Nagel International, Nippon Express, DB Schenker, H. Robinson, DSV, XPO Logistics, Sinotrans, GEODIS, UPS Supply Chain Solutions

10-14-2019 08:23 AM CET | Logistics & Transport

Press release from: The Insight Partners

Third Party Logistics Market

Third Party Logistics Market

Global Third Party Logistics Market is expected to grow from US$ 805.4 Bn in 2017 to US$ 1,240 Bn by 2025 at a CAGR of 5.6% over the forecast period 2018 and 2025.

Third party logistics is moving towards increased information base and large-scale operations owing to maximize operational efficiency and improve profitability. There is an improvement in the strategic nature of relationships between shippers and third-party logistics providers. Globally, 3PL firms are increasing their employee strength, organization skills, broadening their service offerings, investing in new technology, and expanding their geographical reach in order to deliver data driven solutions.

Request a Sample copy of Report - https://www.theinsightpartners.com/sample/TIPTE100000695/?utm_source=Open-AS

Moreover, 3PL firms are also implementing several software based solutions in their operations in order to reduce the inefficiency and costs with saving time for operations. Moreover, the implementation of speech recognition software in warehouse management system communications will support order turn-round and inventory records with reducing employee-training requirements. Along with this, acceptance of cloud-based technology in 3PL companies will respond demands by recognizing the need for customer access which is expected to better meet the seasonal trends efficiently.

Third Party Logistics Market Insights

Rise in demand for reducing overall operational cost and focus on managing timely delivery

Logistics is the core area of the third party logistics (3PL) firms and their proficiency in this areas is always superior to that of the core companies. 3PL firms have the expertise to keep IT systems updated and deliver the logistic services more time & cost effectively along with this they own the ability to meet the technical requirements. 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. 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 third party logistics market.

Inclination of manufacturing companies on reducing assets and emphasize on core business

The services offered by 3PL firms add substantial value to the manufacturing companies. These firms help different companies to reduce weak points that outcomes in loss of revenue or profits and further help to assure maximal profitability. 3PL companies specialize in several logistics operations which offers network analysis, mode network optimization, warehousing, management of vendor compliance, and other logistic operations. In contrast with this, it is challenging for the core companies to gain such logistic expertise such as inventory management & storage, contract packaging, assembly needs, or shipping etc. in every business division. Thus, choosing a 3PL firm, company is basically opting for experts in logistics. This enable the company to devote their time and resources on areas of core competency & actual business instead of using it on managing logistic operations. Along with this, the company doesn’t need to spend on building their own warehouse facility, to hire additional labor, and installing several new technology by opting for 3PL which reduces company’s cost significantly. This factor is expected to drive the third party logistics market.

Strategic Insights

Few of the recent strategies by some of the players in third party logistics market landscape are listed below:

2018: 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.

2018: 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.

2018: 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.

Leading Third Party Logistics Market Players:

• Deutsche Post DHL Group
• Kuehne + Nagel International AG
• Nippon Express Co., Ltd.
• DB Schenker
• H. Robinson
• DSV
• XPO Logistics
• Sinotrans
• GEODIS
• UPS Supply Chain Solutions

Purchase this Report with 20% Customization at - https://www.theinsightpartners.com/buy/TIPTE100000695/?utm_source=Open-AS

Key Elements that the report acknowledges:

• Market size and growth rate during forecast period.
• Key factors driving the Third Party Logistics Market.
• Key market trends cracking up the growth of the Third Party Logistics Market.
• Challenges to market growth.
• Key vendors of Third Party Logistics Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Third Party Logistics Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

Contact Us:
The Insight Partners
533, 5th Floor, Amanora Chambers,
Amanora Township, East Block,
Kharadi Road, Hadapsar, Pune-411028

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, Chemical, Food & Beverages, Automotive and Defense.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Third Party Logistics Market Outlook to 2025 - Deutsche Post DHL, Kuehne + Nagel International, Nippon Express, DB Schenker, H. Robinson, DSV, XPO Logistics, Sinotrans, GEODIS, UPS Supply Chain Solutions here

News-ID: 1847914 • Views: 236

More Releases from The Insight Partners

Neurorehabilitation Gaming Systems Market is Booming Worldwide - Jintronix, Mind …
A new research document with title Global Neurorehabilitation Gaming Systems Market Report covering detailed analysis, Competitive landscape, forecast and strategies has been added to the Insight Partners. The study covers geographic analysis that includes regions like North America, Europe and Asia-Pacific, South America, Middle East and Africa. The report will help user gain market insights, future trends and growth prospects for forecast to 2027. Neurorehabilitation is a complex medical process
IT Alerting Software Market To Observe Exponential Growth By 2020-2027|Atlassian …
IT alerting software provides notifications about failures in IT systems. These tools will monitor systems for poor performance, infrastructure problems, and other issues with IT management. Such notifications may be transmitted by email, SMS, or other means of communication. Companies use these tools to identify problems within their networks, IT infrastructure, and other IT systems to reduce downtime and avoid potential permanent damage. Some tools provide incident logging, historical records,
Homomorphic Encryption Market: Year 2020-2027 and its detail analysis by Focusin …
Homomorphic encryption solution ensures tightened security at each level of data transmission, which includes data reception, computation, and output result phases in the cloud. It enables complicated calculations to be achieved on encrypted data without compromising the encryption. It's set to play a crucial role in the cloud industry since investments are being made to improvise. Furthermore, the huge implementation of homomorphic encryption in the BFSI sector is projected to
Education Technology Market: Year 2020-2027 and its detail analysis by Focusing …
Education technology is utilized to enhance education with different types of devices, such as interactive displays, tablets, interactive whiteboards, adaptive devices, and many other types of products that are used for various educational purposes. The incredible advancements in education technology have led to the advancement of speech and recognition technology, interactive software, and portable products. Increasing Hardware and Connectivity, Increasing Demand for Digital Education and Lower Development Costs are some of

All 5 Releases


More Releases for Logistics

Healthcare Cold Chain Logistics Market 2020 Business Scenario - AmeriCold Logist …
The Global Healthcare Cold Chain Logistics Market will increase at a compound annual growth rate of 10.09% (approx.) between 2020 and 2026. The Healthcare Cold Chain Logistics Market report is a collection of pragmatic information, quantitative and qualitative estimation by industry experts, the contribution from industry connoisseurs and industry accomplices across the value chain. Furthermore, the report also provides the qualitative results of diverse market factors on its geographies and segments.
Third-Party Logistics Market: Leading Players – XPO Logistics , Yusen Logistic …
Third-Party Logistics Market report provides key information about the industry, including invaluable facts and figures, expert opinions, and the latest developments across the globe. The Report also calculate the market size, the report considers the revenue generated from the sales of This Report and technologies by various application segments. Download Sample PDF copy of this report https://supplydemandmarketresearch.com/home/contact/272389?ref=Sample-and-Brochure&toccode=SDMRSE272389&utm_source=s. The study objectives of this report are: To analyze global Third-Party Logistics status, future forecast,
Asia Logistics Market Leading Vendors by COSCO Logistics, KYE Logistics, KAILUAN …
world economic growth, the Logistics industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Logistics market size to maintain the average annual growth rate of 2.08% from 375 Billion USD in 2014 to 407 Billion USD in 2017, BisReport analysts believe that in the next few years, Logistics market size will be further expanded, we expect that by 2022, The market
Contract Logistics Market is Booming | Sankyu, Allcargo Logistics, CEVA Logistic …
HTF MI recently introduced Contract Logistics Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are CJ Korea Express, Deutsche Post DHL, Hitachi Transport System, Mitsubishi Logistics, Sankyu,
Logistics Market
Global Logistics Market Information Report: By Transportation Type (Airways, Waterways, Railways, Roadways), Logistic Type (First Party, Second Party, Third Party) End User (Industrial and Manufacturing, Retail, Healthcare, Oil & Gas) - Forecast 2023 Market Highlights Logistics is a supply chain management part with a detailed organization and implementation of a complex operation. It includes the movement of goods and information between the provider and the receiver. Moreover, logistics is the management of
Global Event Logistics Market 2017: Rhenus Logistics, ACME Global Logistics, Agi …
Global Event Logistics Market 2017-2022 QY Market Research include new Event Logistics market research report "2016-2022 Report on Global Event Logistics Market Competition, Status and Forecast, Market Size by Players, Regions, Type, Application" to its huge collection of research reports. This report on the global Event Logistics market is highly useful as it covers all the aspects which are important in determining the future of this industry. The Event Logistics report is