Third-party Logistics (3PL) Market May Set Epic Growth Story with C.H. Robinson Worldwide, DB Schenker, DHL International GMBH
Browse Full Report with TOC @
At present, Asia-Pacific dominates the market, followed by North America, Europe, and LAMEA. China dominated the Asia-Pacific 3PL market in 2019, whereas Mexico is expected to grow at a significant growth rate in North America during the forecast period.
3PL is an outsourced activity related to the management of flow of goods in a company’s supply chain and delivery of products from manufacturer to the consumer on time. These services go beyond logistics and include value-addition to the entire process from procurement of goods to the distribution of furnished products to the customers establishing an effective and efficient supply chain. 3PL services are used by retailers and manufacturers to focus on their respective core competencies by outsourcing secondary services. Moreover, advanced IT solutions like such as EDI (electronic data interchange (EDI), and VMI (vendor managed inventory (VMI) etc. is enhancing supplementing the growth of the global 3PL market.
Get sample report with Industry Insights @
The world 3PL market is further poised to witness significant growth during the forecast period, owing to increase in the development of the e-commerce industry and along with rise in trade activities around the globe, and inclination of manufacturers and & retailers toward enhancing their core competencies for enhance profitability. Moreover, varied government rules and regulations in different countries make manufacturers uneasy, which is increasing the demand of for 3PL expertise companies to deal with them. However, factors like such as lack of control on outsourced activities and risk to reputation or business due to inefficiency of 3PL services provide is hampering hamper the growth of this the 3PL (third-party logistics) market.
To Get Discount, Make Purchase Inquiry @
Transportation and logistics provider companies are improving and upgrading their services to provide offer reliability, service levels, and improve efficiency. For instance, on in October 2018, UPS, a global transportation and logistics services provider, opened its fourth largest global and second largest U.S.-based network package operating facility. Such facilities serve the Chicago Area Consolidation Hub (CACH) ground facility, which is incorporated for railway cargos. Third-party logistics service providers are adopting latest IT solutions, such as warehouse management system (WMS) and transport management system (TMS), to provide innovative delivery solutions to first-party companies. For instance, in September 2018, NEXT Future Transportation, Inc., a fully integrated logistics solution, introduced automated ground vehicle and e-Shuttlesin, an on-road transportation vehicle, to operate on public roadways to provide autonomous parcel delivery solutions. Leading third-party logistics companies are forming entering joint venture to operate across various regions using waterways transport operations. For instance, in July 2018, Dutch port services provider, LBH Group and German 3PL Rhenus Group entered into a joint venture to operate across Europe using inland waterway transport operations.
Request for Customization of this report at
Leading transportation service companies are taking initiatives to accelerate interest of companies to adopt dedicated contract carriage. For instance, Penske Corporation, a logistics service provider, introduced a guide to simplify the process for first-party companies to evaluate dedicated contract carriage services. Third-party logistics giants are acquiring other logistics service providers to expand their businesses and market shares. For instance, in October 2018, a leading provider of transportation services and logistics technology, Transplace Inc. acquired domestic intermodal business of Yusen Logistics, a logistics service provider based in America. This acquisition is expected to provide Transplace Inc. a significantly larger domestic transportation business.
Factors such as increase in trading activities due to globalization and increase in focus of manufacturers and retailers on core competencies fuel the growth of the 3PL market. In addition, development of the e-commerce industry and increase in reverse logistics operations boost the market growth. However, risk to goodwill of manufacturers hinders the growth of the 3PL market. In addition, reduction in control of manufacturers on logistics servicerestricts the growth of the market. On the contrary, use of IT solutions & software, cost cutting, and lead time reduction due to adoption of multi-modal systemare anticipated to provide growth opportunities for the 3PL market.
Key Findings Of The Study
On the basis of mode of transport, the airways segmentis anticipated to exhibit remarkable growth rate during the forecast period.
The dedicated Contract Carriage (DCC)segment is expected to depict lucrative growth rate during the forecast period.
The LAMEA region is anticipated to grow at the highest CAGR in the near future.
In 2019, Asia-Pacific contributed the highest market revenue, followed by North America, Europe, and LAMEA.
The key players analyzed in this report are C.H. Robinson Worldwide, Inc., DB Schenker, DHL International GMBH, FedEx Corporation, KUEHNE+NAGEL Inc., Maersk, Nippon Express, Panalpina World Transport Ltd., Union Pacific Railroad, United Parcel Service, and others.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
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 Third-party Logistics (3PL) Market May Set Epic Growth Story with C.H. Robinson Worldwide, DB Schenker, DHL International GMBH here
News-ID: 2393737 • Views: 126
More Releases from Allied Market Research
Metacycline Market Is Expected To Witness Lucrative Growth Over The Forecast Per …
According to a new report published by Allied Market Research, titled, "Metacycline Market by Therapeutics (Chronic Bronchitis, Rickettsial Infections, Pneumonia, Trench Fever, Typhus, Q Fever, Sinusitis, and Others) - Global Opportunity Analysis and Industry Forecast, 2020-2027" The report has offered an all-inclusive analysis of the global Metacycline Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the
Medical Ultrasonic Baths Market Insights 2021: Top Impacting Factors, Growth Ana …
According to a new report published by Allied Market Research, titled, "Medical Ultrasonic Baths Market by Product (Single Functional and Multi-functional) and by End Users (Hospitals, Other Healthcare Organization, and Individual and Others) - Global Opportunity Analysis and Industry Forecast, 2020-2027" The report has offered an all-inclusive analysis of the global Medical Ultrasonic Baths Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment
Mini LED Display Market Growing at a CAGR of 91.10% From 2020 to 2027
Allied Market Research published a report, titled, "Mini LED Display Market by Application (Automotive Display, Television, Smartphones, Notebook/Laptop, and Others) and End User (Consumer Electronics, Automotive, and Other): Global Opportunity Analysis and Industry Forecast, 2020–2027". The report provides an extensive analysis of changing market trends, competitive landscape, key segments, top investment pockets, and investment feasibility. These information, data, and statistics will prove to be valuable for leading market players, stakeholders,
Elevator and Escalator Market Size, Growth Analysis, Opportunities, Top Manufact …
Allied Market Research published a new report, titled, "Elevator and Escalator Market" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage. As increasing construction of
More Releases for Logistics
Healthcare Cold Chain Logistics Market 2020 Business Scenario - AmeriCold Logist …
The Global Healthcare Cold Chain Logistics Market will increase at a compound annual growth rate of 10.09% (approx.) between 2020 and 2026. The Healthcare Cold Chain Logistics Market report is a collection of pragmatic information, quantitative and qualitative estimation by industry experts, the contribution from industry connoisseurs and industry accomplices across the value chain. Furthermore, the report also provides the qualitative results of diverse market factors on its geographies and segments.
Third-Party Logistics Market: Leading Players – XPO Logistics , Yusen Logistic …
Third-Party Logistics Market report provides key information about the industry, including invaluable facts and figures, expert opinions, and the latest developments across the globe. The Report also calculate the market size, the report considers the revenue generated from the sales of This Report and technologies by various application segments. Download Sample PDF copy of this report https://supplydemandmarketresearch.com/home/contact/272389?ref=Sample-and-Brochure&toccode=SDMRSE272389&utm_source=s. The study objectives of this report are: To analyze global Third-Party Logistics status, future forecast,
Asia Logistics Market Leading Vendors by COSCO Logistics, KYE Logistics, KAILUAN …
world economic growth, the Logistics industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Logistics market size to maintain the average annual growth rate of 2.08% from 375 Billion USD in 2014 to 407 Billion USD in 2017, BisReport analysts believe that in the next few years, Logistics market size will be further expanded, we expect that by 2022, The market
Industrial Logistics Robots Industry
Industrial Logistics Robots Market 2018 report focuses on the major drivers and restraints for the global key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The report spread across 139 pages with tables and figures in it. Sample Report Download HERE at https://www.researchreportsinc.com/sample-request?id=207718 For competitor segment, the report includes global key players of Industrial Logistics Robots as well as some small players.
Contract Logistics Market is Booming | Sankyu, Allcargo Logistics, CEVA Logistic …
HTF MI recently introduced Contract Logistics Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are CJ Korea Express, Deutsche Post DHL, Hitachi Transport System, Mitsubishi Logistics, Sankyu,
Global Logistics Market Information Report: By Transportation Type (Airways, Waterways, Railways, Roadways), Logistic Type (First Party, Second Party, Third Party) End User (Industrial and Manufacturing, Retail, Healthcare, Oil & Gas) - Forecast 2023 Market Highlights Logistics is a supply chain management part with a detailed organization and implementation of a complex operation. It includes the movement of goods and information between the provider and the receiver. Moreover, logistics is the management of