openPR Logo
Press release

3PL Market Analysis and the Impact of Key Vendors, Growth Rate and Forecast To 2027

11-16-2020 04:53 PM CET | Logistics & Transport

Press release from: Allied Market Research

3pl Market

3pl Market

Allied Analytics : As per the report published by Allied Market Research, the global third-party logistics (3PL) market was pegged at $1,027.71 billion in 2019, and is anticipated to reach $1,789.94 billion by 2027, growing at a CAGR of 7.1% from 2020 to 2027. The report offers a detailed analysis of the drivers opportunities, market size estimations, top winning strategies, key segments, and competitive scenario.

If you are in e-commerce business, you must have seen the term of 3PL flying around. 3PL or third-party logistics companies handle outsourced procurement. As order fulfillment is the heart and soul of e-commerce and while the business grows, it becomes a herculean task to fulfill the customer orders. At this point, companies take the helping hand of 3PL companies. As a business owner, it is vital to know every detail of how 3PLs work in order to grow and scale your business.

Download Report Sample (320 Pages, 106 Tables, 81 Charts, Insights): https://www.alliedmarketresearch.com/request-sample/1512

What is third-party logistics?

3PL refers to outsourcing of e-commerce logistics processes such as warehousing, inventory management, and fulfillment. Moreover, 3PL companies enable e-commerce merchants to achieve more with advance infrastructure and tools to automate business processes. Although it is unknown who coined the term of 3PL, companies have been riding the wave of 3PL services since late 1970s and 80s. The 3PL industry has become a norm now. In short, the supply chain integration of warehousing operations and transportation services together come under the umbrella of 3PL services.

The services offered by 3PL are much more than just shipping. Some 3PL providers aim at a particular region and geographies. On the other hand, several providers have scaled their services by incorporating shipping services using advanced technologies and collaborating with public and contract warehouses. Moreover, several firms offer different types of freight transportation to customers.

Interested to Procure The Data? Inquire Here: https://www.alliedmarketresearch.com/purchase-enquiry/1512

However, if looked carefully, advanced technology is at the core of 3PL. Companies that provide 3PLs often offer additional services such as in-depth reporting, forecasts, and transportation along with freight bill auditing. The rise in trading activities due to globalization, increase in e-commerce industry and reverse logistics operations are the major factors for the growth of the global 3PL industry.
Major examples of 3PL

Transportation

3PL providers engage carriers and consolidate LCL or LTL freight along with tracking its payment and insurance documents. Moreover, 3PLs help reduce transportation costs and improve the efficiency of complex supply chain processes.

Get Detailed COVID-19 Impact Analysis on the Third-party Logistics (3PL) Market Request Here!

Global shipping

Shipping packages across the globe could be complicated and stressful for businesses and consulting a 3PL provider could take care of your such global shipping requirements and allow you more time for other processes. Furthermore, 3PLs take care of all trade compliances, cost, and execute accordingly.

Information technology

As mentioned above, advanced technology is the backbone of any 3PL provider. 3PLs use information technology (IT) to handle e-commerce and maintain customer relationships and warehouse operations. Services such as electronic data interchange (EDI), application programming interface (API), and cloud-based systems are majorly used by 3PLs to increase transparency of supply chain processes.

Report Customization @ https://www.alliedmarketresearch.com/request-for-customization/2168

What is 4PL?

While researching and understanding 3PL, you may come across 4PL. 4PL abbreviation for fourth-party logistics adds an additional degree of separation between e-commerce merchants and 3PL services for a client. For instance, when one asks for 4PL providers, those companies manage and arrange 3PL services for a client. In addition, 4PL providers provide end-to-end supply chain management for their customers, which includes 3PL services as well as manufacturing.

3PLs offer expertise and help streamline the supply chain processes to save time and money. Thus, trusting a 3PL experts to fulfill your shipping logistics could make a huge difference for growth of your business and it would allow you more time to focus on overall customer experience.

Similar Reports

Cash Logistics Market to Reach $30.7 Bn, Globally, by 2025 at 7.8% CAGR
https://www.alliedmarketresearch.com/cash-logistics-market

Cold Chain Logistics Market to Reach $585.10 Bn, Globally, by 2026 at 17.9% CAGR
https://www.alliedmarketresearch.com/cold-chain-logistics-market

Cold Chain Tracking and Monitoring Market size to cross $426 billion by 2025 | CAGR 16.0%
https://www.alliedmarketresearch.com/cold-chain-tracking-and-monitoring-market

Shipping Container Market to Garner $12.08 Bn, Globally, by 2026 at 4.3% CAGR
https://www.alliedmarketresearch.com/shipping-containers-market

Asia-Pacific Cold Chain Logistics Market to Reach $162.66 Billion by 2026 at 13.2% CAGR
https://www.alliedmarketresearch.com/asia-pacific-cold-chain-logistics-market

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
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.

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 3PL Market Analysis and the Impact of Key Vendors, Growth Rate and Forecast To 2027 here

News-ID: 2188293 • Views: 275

More Releases from Allied Market Research

Smart Beacon Market Expected to Reach $103.94 Billion By 2030 at 37.7% CAGR | Gr …
Rise in modern-day communication technologies, surge in investments in proximity marketing, and increase in adoption of smart devices are the factors that drive the global smart beacon market growth. As per the report published by Allied Market Research, the global smart beacon market generated $3.28 billion in 2020, and is estimated to reach $103.94 billion by 2030, witnessing a CAGR of 37.7% from 2021 to 2030. The report provides a
Fantasy Sports Market in Asia-Pacific & Canada is Expected to Reach $3,739.8 Mil …
According to a new report published by Allied Market Research, titled, “Asia-Pacific & Canada Fantasy Sports Market by Sports Type, Platform, and Demographic: Regional Opportunity Analysis and Industry Forecast, 2021–2027,” Asia-Pacific & Canada fantasy sports market size was valued at $2,021.9 million in 2019, and is projected to reach $3,739.8 million by 2027, growing at a CAGR of 10.7% from 2021 to 2027. Fantasy sport is played using internet where participants
Hammock Market Size Is Projected Reach $639.8 Million By 2030, Registering At A …
Surge in hiking and adventure tourism, rise in demand from residential segment, and expansion of hospitality industry drive the growth of the global hammock market. North America contributed to the highest share in terms of revenue in 2020. The outbreak of the COVID-19 pandemic has resulted in transition of consumers toward online sales channels to purchase campaigning gear products including hammocks. According to the report published by Allied Market Research, the
Cotton Personal-Care Product Market 2021: Top Factors That Are Leading The Deman …
A lead analyst at AMR highlighted the market across Europe region is expected to dominate in terms of revenues throughout the forecast period. Allied Market Research published a research report on the Cotton personal-care product market. The findings of the report states that the global market for Cotton personal-care product is expected to reach $19.15 billion by 2028, manifesting a CAGR of 4.6% from 2020 to 2028. The report provides valuable

All 5 Releases


More Releases for CAGR

Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Footwear Market : Research Observes Strong CAGR Development
The "Global Footwear Market Set for Rapid Growth, to Reach Around USD 320.44 Billion by 2023", report intends to offer a resourceful means to assess the Footwear Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Footwear Market report, titled Footwear Market, is expansive research
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020