Third Party Logistics Market Set For Rapid Industry Growth, To Reach Around US$ 1,240 Billion By 2025 with a CAGR of 5.2%

According to the new research report published by The Insight Partners, titled “Third Party Logistics Market - Global Analysis and Forecast to 2025”, The global third party logistics market is expected to grow at a CAGR of 13.5% during the forecast period 2018 – 2025, to account to US$1,240 Bn by 2025.

Third party logistics (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 ownership of the 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. These firms provide services such as international & domestic transportation, inventory management, warehousing, distribution, order fulfillment, and freight consolidation. By outsourcing 3PL services, manufacturing companies are able to focus on product development, sales, and other core operations. 3PL offers immediate knowledge & expertise in the field, track on international logistics, and create cost savings.

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Leading Key Market Players Mentioned in the Report:- Deutsche Post AG, Nippon Express Co., Ltd., C.H. Robinson Worldwide, Inc., Kuehne + Nagel International AG, XPO Logistics, Inc., DB Schenker, DSV A/S, Geodis, Sinotrans Co., Ltd., and UPS Supply Chain Solutions among others.

This Report encloses comprehensive analysis on the market and market data validated by three approaches including top companies’ revenues. It concludes with precise and authentic market estimations considering all the parameters and market dynamics. Every crucial and decisive detail for the development and restriction of the market is mentioned in the report that may affect the market in near future. Segmentation of the market are studied specifically to give profound knowledge for supplementary market investments.

Increase in demand for shipping cost reduction & more focus on timely delivery management, reduction on company’s assets & permitting focus on core business, and 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 near future. Moreover, the factor such as increase in adoption and growth of e-commerce in retail sector is projected to generate remarkable growth opportunity to the industry players.

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The report segments the global third party logistics market are as follows:

Global Third Party Logistics Market – By Mode of Transport
• Roadways
• Railways
• Waterways
• Airways

Global Third Party Logistics Market – By Services

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

Global Third Party Logistics Market – By End User

• Automotive
• Healthcare
• Retail
• Consumer Goods
• Others

Global Third Party Logistics Market – By Customer

• Small & Medium Enterprises
• Large Enterprises

The report also provides the market size and estimates a forecast from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America providing an exhaustive PEST analysis for all five regions after gauging the political, economic, social and technological factors effecting the Third Party Logistics market.

The report also analyzes the factors affecting Third Party Logistics market from both demand and supply side and further evaluates market dynamics i.e., drivers, restraints, opportunities, and future trend, effecting the market during the forecast period.

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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.

This release was published on openPR.