Press release
Third-party Logistics Market Report - Leading Countries, Region, and Segment Forecast To 2027
Companies that provide multiple logistics services to purchasing company are known as third-party logistic companies. Globalization, virtual organization, time & cost competition, and high customer awareness are impacting positively on third party logistic market. Main survival factors of third party logistic market include cost efficiency of services, company control, and advances in technology.Key players operating in the third-party logistics market are:
C.H. Robinson Worldwide, Inc., DB Schenker, DHL INTERNATIONAL GMBH, NIPPON EXPRESS, FedEx, BDP International, Burris Logistics, Ozburn-Hessey Logistics, LLC., KUEHNE + NAGEL and others.
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Rapid urbanization, expansion of economy, and high consumer expectations are likely to create are expected to boost the market for third-party logistics market during the forecast period. The drastic shift in retail and manufacturing business models coupled with adoption of advanced technologies is expected to offer significant opportunities to the third party logistic market during the forecast period. Expansion of the e-commerce industry owing to urbanization, increasing penetration of internet and mobile along with an increase in the number of warehouses and expansion of the logistics industry are anticipated to propel the third party logistic market during the forecast period. However, a lack of infrastructure, stringent rules and regulations about shipping, and absence of good reporting system are likely to restrain the third-party logistics market during the forecast period.
The global third-party logistics market can be segmented based on mode of transport, service, industry, and region. Based on mode of transport, the third party logistic market can be classified into railways, roadways, waterways, airways, and others. Mode of transportation is a key factor that is projected to drive the third-party logistics market in the near future. Road transportation is primarily employed in the logistics industry. Road transportation offers multiple advantages such as cost-effectiveness, rapid and timely delivery, coverage of local, over border, long, and short haul deliveries in urban as well as in rural areas, and complete door-to door-service. This, in turn, is projected to boost the roadway segment at a significant pace during the forecast period.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
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About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
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