Third-Party Logistics Market 2022 PDF Guide, Global Analysis and New Technologies till 2030 | DB Schenker, DHL INTERNATIONAL GMBH, NIPPON EXPRESS, FedEx, BDP International

As per the report published by The Brainy Insights, Global Third-Party Logistics (3PL) market seems to reach USD 1,554.70 billion by 2028, at a CAGR of 6.51% from 2021 to 2028.Asia Pacific region is having the highest market value of USD 307.36 Billion in 2020. This is because of the growing manufacturing zone in the developing countries of the region like China and India. North America had the second-largest market value of USD 259.33 Billion in 2020. The key logistics companies are present in the region.

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Third-Party Logistics (3PL) Market Size by Service (Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing & Distribution (W&D), Value Added Logistics Services (VALs)), Transport (Roadways, Railways, Waterways, Airways), End User, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2028
Key players for the global Third-Party Logistics (3PL) market include C.H. Robinson Worldwide, Inc., DB Schenker, DHL INTERNATIONAL GMBH, NIPPON EXPRESS, FedEx, BDP International, Burris Logistics, Ozburn-Hessey Logistics, LLC., KUEHNE + NAGEL and UPS Supply Chain Solutions Inc. among others.

The service segment is divided into Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing & Distribution (W&D) and Value Added Logistics Services (VALs). The International Transportation Management (ITM) segment is accounted for the highest market value of USD 379.63 Billion in 2020. This is due to the expanding e-commerce industries. Trade liberalization policies have also boosting international trade.The transport segment includes roadways, railways, waterways and airways. The roadways segment accounts for 42.36% of the market share in 2020. This is because in developed countries are very well connected by roads. Road connectivity is further increased in developing countries. For transportation in many of tier 2 and tier 3 cities in many countries, roadways are a better way to transport as these cities are well connected by the roads. The end-user segment consists of manufacturing, retail, healthcare, automotive and others. The manufacturing segment accounts for USD 343.68 Billion of market share in 2020. This is because of the growing manufacturing activities in countries like India, China, Brazil, Mexico etc.

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The growing infrastructure in the developed and developing countries are helping in the expansion of third party logistics market. But still, there are many places where the infrastructure is not good, the roads, the air service and waterways are not organized, this may result in the lost shipment, tampered items which are delivered and late delivery of the product. These factors discourage logistics market. These lack of infrastructure, with all the formalities that the logistics company has to follow, are acting as a restraint for the market.

Regional Segment Analysis of the Paraxylene (PX) Market
• North America (U.S. , Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of the Europe)
• Asia-Pacific (China, Japan India, Rest of APAC)
• South America (Brazil and Rest of South America)
• Middle East and Africa (UAE, South Africa, Rest of MEA)

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