Global Third Party Logistics Market to achieve a market size of $1980.0 Billion as it excels

The Latest report initiated by Evolve Business Intelligence on Third Party Logistics Market provides a detailed assessment of the market size and forecast from 2020 to 2028. The global Third-Party Logistics market size was valued at $1,071.1 Billion in 2020 and is expected to reach $1,980.0 Billion by 2028 growing at the CAGR of 7.84% from 2021 to 2028. The major drivers for the growth of the Global Third Party Logistics Market are the increase in the number of online sellers, the rise in demand for customer services, the advances in information technology, and the growing e-commerce industry.

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COVID-19 Pandemic has begun striking businesses across multiple sectors and industries including manufacturing, food production, automotive, aerospace & defense companies, government agencies, pharmaceutical manufacturers, and producers of oil & gas products. The repercussions of this pandemic have caused numerous knock-on effects on several worldwide markets which include the Third Party Logistics Market as well as many regional economies due to temporary closedown of manufacturing facilities. End-users of these products are also suffering from decreased demand for their goods because businesses are refraining from their long-term strategies in favor of short-term survival.

Key Players profiled in Third Party Logistics Market report:
• Robinson Worldwide
• DB Schenker
• DHL International GMBH
• FedEx Corporation
• KUEHNE+NAGEL
• Maersk
• Nippon Express
• Panalpina World Transport Ltd.
• United Parcel Service
• Union Pacific Railroad

The study provides a detailed analysis of major players in the Third Party Logistics market which includes manufacturers, suppliers, and organizations, among others. The competitor analysis includes revenue regeneration, business segment analysis, and geographic presence across each country, key strategies and developments, product portfolio, and SWOT Analysis.

Global Third Party Logistics Market Segmentation:

• Based on Mode of Transport
o Railways
o Roadways
o Waterways
o Airway

• Based on Service Type
o Dedicated Contract Carriage (DCC)
o Domestic Transportation Management
o International Transportation Management
o Warehousing &Distribution
o Others

• Based on Application
o Technological
o Automotive
o Retailing
o Elements
o Food & Groceries
o Others

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Global Third Party Logistics Market Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific
• Rest of the World
o South America
o Middle East & Africa

Asia-Pacific holds a larger share in the market owing to the high population, and the growing e-commerce industry.

IMP NOTE: All our reports will be updated considering the impact of the COVID-19 scenario.

Crucial pointer covered in the report:

Third Party Logistics Market Understanding: This section of our report outlines pertinent topics about the market that we have researched and the direction we see the industry heading. These include, but aren't limited to segments discussed, company descriptions, and key statistics regarding customer growth. This section provides a detailed analysis of the present and future growth factors of bifurcating the market into mode of transport, service type, application, and regions.

Third Party Logistics Market Dynamics: This section provides a detailed analysis of the growth factors, restraining factors, and business opportunities. Additionally, the report provides a detailed COVID impact analysis affecting the market growth, along with a pinpoint focus on industry policies, regulatory framework, current issues impacting the market growth at the national/international level.

Third Party Logistics Market Regional Outlook: The country section is a breakdown by country of how the production and consumption rates correspond to each other.

Third Party Logistics Market Competitor Landscape: This section provides a comprehensive analysis of the market share and a deep-dive analysis of the top 10 players covered in the market report.

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This release was published on openPR.