What's Driving the 3PL Market Trends? AmeriCold Logistics LLC, BDP International, Burris Logistics, C.H. Robinson Worldwide, DB Schenker Logistics, DHL Supply Chain, DSV A/S (UTi Worldwide, Inc.), Echo Global Logistics, Expeditors International of Washing

The 3PL market report, in a nutshell, is a composition of very vital aspects. The study aims to simplify the understanding of the industry for potential stakeholders and help them streamline the process of business decision-making. Pivotal details such as the SWOT analysis, Porter's analysis, and industry impact forces are mentioned in the report, that also elucidates substantial information pertaining to the pitfalls and challenges prevailing in the industry.

Third party logistics industry has lately evolved as one of the most lucrative fraternities of its time, pertaining to the extensive set of collaborative logistics services offered by 3PL providers. As per a 2004 survey, more than 40% of the confederates revealed that they outsourced services such as customs clearance, inbound transportation, warehousing, freight forwarding, outbound transport, and fright payment, to 3PL service providers, which has undeniably served to enhance the growth prospects of 3PL market.

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3PL market report industry segmentation - What points are mentioned in the study about the Solution spectrum?
o As per the study, the 3PL industry is disbanded into:
o Dedicated Contract Carriage (DCC)
o Domestic Transportation Management (DTM)
o International Transportation Management (ITM)
o Warehousing & distribution
o Logistics software

o The report contains details pertaining to the market share that every segment will procure by the end of the forecast period.
o The growth rate that the Solution segments over the projected duration are also mentioned in the report alongside the target remuneration.

3PL market report industry segmentation - What points are mentioned in the study about the Mode spectrum?

o The study segregates the 3PL market into;
o Air
o Sea
o Rail & Road

o The report is inclusive has details pertaining to the market share that every sub-segment will account for by the end of the projected duration.
o The growth rate that the sub-segments will record over the projected timeline has been discussed in the study in tandem with the target remuneration.

With the massive expansion of companies across the globe and the simultaneous expansion of their consumer pools, it is but obvious that the 3PL market will observe a meteoric rise over the next few years. This business space is driven by numerous factors, such as the requirement for reduced shipping costs, time product delivery, consumer satisfaction, and the need for an efficient technologically advanced supply chain network. However, in the ensuing years, 3PL industry will be majorly impacted by two key factors - technological innovations and the escalating growth of the e-commerce sector.

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Amazon's Prime service has been growing at a rate of nearly 30% y-o-y since 2011, and has officially penetrated 3PL industry with a view to enhance the delivery time of Amazon products and consolidate the supply chain. The company also intends to lower shipping costs by delivering its own products and deploying advanced technology to integrate deliveries. As per reports, Amazon states that by penetrating 3PL market, the company may save more than USD 1 billion annually.

In substance, the 3PL market report analyses the industry landscape in terms of numerous parameters, like the driving forces impacting the revenue scale of this industry and the ongoing trends defining the industry spectrum. In addition, the study mentioned the industry insights, market segmentation, and is also inclusive of information pertaining to the companies that partake in 3PL industry share.

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