Third Party Logistics Market Analysis by Top Companies (FedEx Corporation, Kuehne+Nagel Inc Union Pacific Corporation, BNSF Railway Company, AmeriCold Logistics and others)

The "Global Third Party Logistics (3PL) Market 2020 " Industry Report is a professional and in-depth study on the current state of the Third Party Logistics (3PL) Market by PMR. The Third Party Logistics (3PL) Market is supposed to demonstrate a considerable growth during the forecast period of 2020 - 2026. The company profiles of all the key players and brands that are dominating the market have been given in this report. Their moves like product launches, joint ventures, mergers and acquisitions and the respective effect on the sales, import, export, revenue and CAGR values have been studied completely in the report. The scope of this Third Party Logistics (3PL) Market report can be expanded from market scenarios to comparative pricing between major players. The emerging trends along with major drivers, challenges and opportunities in the market are also identified and analysed in this report

Third Party Logistics (3PL) Market help organizations to develop cogent, coherent plans of action to improve their performance.

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"The global third-party logistics market is anticipated to reach USD 1,337.91 billion by 2026 and is anticipated to grow at a CAGR of 7.4% during forecast period. according to a new report published by Polaris Market Research.

**well-known companies profiled in the Third-Party Logistics Market report include**

FedEx Corporation, Union Pacific Corporation, Kuehne+Nagel Inc., BNSF Railway Company, AmeriCold Logistics, LLC, CEVA Logistics, Landstar System, Inc., Ryder System, Inc., Burris Logistics, DB SCHENKER Logistics, Agility 98, BDP International, C.H. Robinson Worldwide (CHRW) Inc., Exel (DHL Group), Expeditors International of Washington, Inc., Flexport Inc., J.B. Hunt Transport Services, Inc.,Kerry Logistics Network Limited, Nippon Express Co., Ltd., Ozburn - Hessey Logistics, Inc. (GEODIS), Panalpina World Transport Ltd., Schneider National, Inc.,Total Quality Logistics (TQL), LLC, Transplace, LLC, Unyson Logistics, Inc., UPS Supply Chain Solutions, Inc., UTi Worldwide, Inc. (DSV A/S), XPO Logistics, Inc., and Yusen Logistics Co. Ltd.

Market Overview :
The rise in global trading with thriving end-users E-commerce and retail has led to a booming logistics market. A key advantage offered by 3PL such as less time in completion of process has encouraged businesses to invest in it. This also increases overall efficiency and profitability. Outsourcing logistics operations enables manufacturers and retailers to stick to core competencies. Digitization and integration of IT software and solutions coupled with use of reverse logistics and multi-modal transportation is expected to offer growth opportunities during forecast period.

In 2019, Asia Pacific accounted for highest share in global third party logistics market. The spiraling E-commerce market in the region and efficient logistics operations across various industries in place would accelerate the demand for Third Party Logistics services during the forecast period. The showering economic growth and increasing spread of e-commerce in India and China further increased adoption of Third Party Logistics in the region. Anticipation of global players in these countries to tap market potential boosts the market growth. The widespread disposable incomes and progressing living standards boost the growth of industries such as retail, automotive and manufacturing, thus supporting market growth in the region.

Market segment by Service , the product can be split into
o Dedicated Cargo Carriage
o Domestic Transportation Management
o International Transportation Management
o Warehousing and distribution

Market segment by Mode of Transport , split into
o Roadways
o Railways
o Waterways
o Airways

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Key Benefits:

o This study gives a detailed analysis of drivers and factors limiting the market expansion of Third Party Logistics (3PL)
o The micro-level analysis is conducted based on its product types, end-user applications, and geographies
o Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players
o By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Third Party Logistics (3PL) market

The research study can answer the following Key questions:

1. What will be the progress rate of the Third Party Logistics (3PL) Market for the conjecture period, 2020 - 2026?
2. What are the prominent factors driving the Third Party Logistics (3PL) Market across different regions?
3. Who are the major vendors dominating the Third Party Logistics (3PL) industry and what are their winning strategies?
4. What will be the market scope for the estimated period?
5. What are the major trends shaping the expansion of the industry in the coming years?
6. What are the challenges faced by the Third Party Logistics (3PL) Market?

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