Logistics Outsourcing Market - By Type, By Application and By Regions - Industry Analysis, opportunity and Forecast 2020 To 2027

Outsourcing is using external support or services that you cannot provide for yourself or cannot provide it in an efficient manner. If you look at the situation in a way where a company provides all the solution of the business for itself like manufacturing products, storing products in warehouses, using their own transport to supply the products, it becomes expensive and complex for these companies to handle the warehousing and the transport themselves. Thus, outsourcing companies grew in parallel and started providing help and services to all these bigger companies to run their operations.

It is also known as third party logistic services. It has been observed that almost 90% of the companies use the outsourcing services to carry out their logistic operations. As it is convenient and cost-effective for the companies to use the logistic outsourcing services. It has also been observed that especially for all the e-commerce companies outsourcing has become the only sensible logistics solution.

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However, there are no. of other reasons as well that motivates the companies to use the third-party logistics services like, it is time saving as the companies does not have to worry about the logistic activities. It provides companies excess the global platform, which would have been costly by putting their own resources. Also, these logistic services provide advanced logistics technology which many 3PLs now offer to improve visibility, aid process-efficiency, and meet customer demands for real-time information. Due to this after the 80’s-90 this market has shown an immense market growth.

Segmentation:

The global logistics outsourcing market is segmented based on Type, Application and Region On the basis of market by application it is divided into four segments - Air Transportation, Sea Transportation, Railway Transportation, and Highway Transportation. These segments also divide this into global and inter regional, as it can be clearly understood that as all these four are completely different modes of transport hence as per their reach they can only be used to a specific destination. To maintain the logistic operations within the region railway transportation and highway transportation is mainly used. But to transport and maintain the operations globally air transportation and sea transportation has to be used.

On the basis of market by type it is divided into five types- Material Management, Supply Chain Management, Distribution Management, Shipment Packaging, and Channel Management. This is basically divided on the basis of the operations that take place. As outsourcing companies perform different functions of managing the material, supplying the raw materials to the companies, distributing the products to the consumers, packing the goods that has to be shipped to other places and maintaining the channels for the transportation.

On the basis of regions, it is divided into five segments- Asia Pacific, North America, Europe, South America, and Middle East & Africa. Considering all these regions, it can be analyzed that Asia-Pacific is the biggest and leading region in all the five regions, due to the no of consumers it has in the region. Also, it is expected to lead all the other markets in the forecasted period of 2023. Whereas, logistic outsourcing has dominance and a big market share in all the other regions as well. The increase in the demand of the people has led to such a growth of this market over such a small period.

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Leading Key Players in Logistics Outsourcing Market are:
• Exel Logistics (U.K.)
• Menlo Worldwide Logistics (U.S.)
• FedEx (U.S.)
• Ryder Logistics (U.S.)
• Tibbett and Britten (U.K.)

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