Press release
3PL Market Projected to Reach $1,789.94 Billion by 2027 | In-Depth Analysis with Top Key Players
3PL Market
The key players analyzed in the research include DHL, FedEx Corporation, United Parcel Service, DB Schenker, Maersk Logistics, NYK logistics, Kuehne+Nagel Inc., Union Pacific Corporation, Panalpina World Transport Ltd., and BNSF Railway Company. These market players have implemented various strategies such as partnership, expansion, collaboration, joint ventures, and others to gain a stronghold in the industry.
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The Asia-Pacific 3PL market generated more than one-third share of the total market revenue in 2017 and would retain its dominance during the forecast period. This is due to a surge in trading activities due to globalization. However, the market in LAMEA would register the fastest CAGR of 10.1% from 2018 to 2025, owing to increase in population and upsurge in R&D activities in the region.
Based on service types, the domestic transportation management segment held the largest share in 2017, contributing more than one-third of the market revenue. It is expected to maintain its dominance throughout the forecast period. This is due to the efficient utilization of capital and integration of transportation management which helps customer to focus on core business issues. However, the other service types segment would grow at the highest CAGR of 11.2% from 2018 to 2025, owing to several benefits such as large distribution coverage and best service solutions to customers.
Based on the mode of transport, the roadways segment contributed more than one-third of the total market share in 2017 and would maintain its dominance through 2025. This is attributed to the improvement in the quality of roads and increased cross-border trading activities between landlocked countries. However, the airways segment would register the highest CAGR of 10.8% from 2018 to 2025, owing to its several benefits such as speedy and urgent delivery of goods.
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Top Impacting Factors Such as -
1. Increase in trading activities due to globalization
2. Increase in focus of manufacturers and retailers on core competencies
3. The risk to the goodwill of manufacturer
Key Benefits for Third-party Logistics (3PL) Market:
1 This study comprises the analytical depiction of the global 3PL market analysis along with the current trends and future estimations to depict the imminent investment pockets.
2 The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
3 The report presents information related to the key drivers, restraints, and opportunities of the global 3 PL market with a detailed impact analyses.
4 The current market is quantitatively analyzed from 2017 to 2025 to benchmark the financial competency.
5 Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Third-party Logistics (3PL) Key Market Segments:
By Mode of Transport
* Railways
* Roadways
* Waterways
* Airways
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By Service Type
* Dedicated Contract Carriage (DCC)
* Domestic Transportation Management
* International Transportation Management
* Warehousing & Distribution
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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