Third Party Logistics Market Anticipated to Grow Rapidly During 2027 - DB Schenker, C.H. Robinson, DSV, XPO Logistics, Sinotrans, Nippon Express Co. and GEODIS

Third Party Logistics Market market was valued at US$ 899.4 billion in 2019 and is projected to reach US$ 1,329.4 billion by 2027; it is expected to grow at a CAGR of 4.2% during the forecast period

Third party logistics (3PL) is a significant component of e-commerce in order to manage the issues of inventory, warehousing, packing, tracking, and shipping. In contrast with retail store, the e-commerce business is accountable for ensuring timely delivery and if the products are returned, the company has to manage all the operations in reverse logistics. The logistics requirement and services provided by the 3PL firms to e-commerce business are supply chain management, warehousing, consolidation service, and order fulfillment. In the e-commerce business, 3PL providers deliver flexibility and scalability, upgraded technology, and efficiency and specialization.

There are numerous benefits related to e-commerce and it can be fulfilled if the company outsource their logistics requirements to a third party service provider. This enables the e-commerce participants to perform their specialized roles.Thus, it is a reliable alternative to outsource third party organization in the e-commerce ecosystem. 3PL firms are specialized in supply chain management that allow online stores to emphasize on marketing and other business operations.

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Top Dominating Key Players:

1. Deutsche Post DHL Group
2. Kuehne + Nagel International AG
3. Nippon Express Co., Ltd.
4. DB Schenker
5. H. Robinson
6. DSV
7. XPO Logistics
8. Sinotrans
9. GEODIS
10. UPS Supply Chain Solutions

Increase in demand for minimizing overall operational cost and manufacturer's focus on timely delivery of products are projected to escalate the market growth at a CAGR of 5.6%.

Worldwide Third Party Logistics Market Analysis to 2025 is a specialized and in-depth study of the Third Party Logistics Industry with a focus on the global market trend. The report aims to provide an overview of global Third Party Logistics Market with detailed market segmentation by product/application and geography. The global Third Party Logistics Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the Third Party Logistics players and offers key trends and opportunities in the market.

Key Benefits :

To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Third Party Logistics Market.

To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Third Party Logistics Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Third Party Logistics Market segments and regions.

Scope of the study:

The research on the Third Party Logistics Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Third Party Logistics Market on the basis of end user, product type, application, and demography for the forecast period 2020 - 2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

Third Party Logistics Market Segmentation:

Global Third Party Logistics Market– By Mode of Transport

Roadways
Railways
Waterways
Airways
Others

Global Third Party Logistics Market– By Services

International Transportation
Warehousing
Domestic Transportation
Inventory Management
Others

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Reasons to Buy the Report:

Learn about the driving factors, affecting the market growth.
Imbibe the advancements and progress in the market during the forecast period.
Understand where the market opportunities lies.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restrains that are likely to hamper the market.

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