Third Party Logistics Market Is Expanding At CAGR Of 7.6% By 2032

Growth prospects suffered in 2022, amid the height of the COVID-19 pandemic catastrophe. The decision to declare a global lockdown caused abrupt declines in industrial output, which led to the termination of outsourcing logistical labour to third parties. But, as time went on, things began to turn around, first in the healthcare industry as a result of the growing demand for essential medicines, vaccines, and other supplies to treat infected people.

The market's revenue growth is expected to be significantly impacted throughout the projection period by the growing emphasis on outsourcing logistical activities. Over the analysis period, the market is anticipated to expand at a CAGR of 7.6%, reaching US$ 2,144 Bn in market value in 2032.Retailers and manufacturers' increased emphasis on outsourcing tasks like logistics is anticipated to significantly accelerate market growth.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:https://www.factmr.com/connectus/sample?flag=S&rep_id=7154?PJ

𝗞𝗲𝘆 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱

𝗕𝘆 𝗘𝗻𝗱 𝗨𝘀𝗲 :

Automotive Third Party Logistics
Manufacturing Third Party Logistics
Healthcare Third Party Logistics
Retail Third Party Logistics
Other Third Party Logistics

𝗕𝘆 𝗧𝗿𝗮𝗻𝘀𝗽𝗼𝗿𝘁 :

Airway Third Party Logistics
Railway Third Party Logistics
Roadway Third Party Logistics
Waterway Third Party Logistics

𝗕𝘆 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 :

Value Added Logistics Services (VALs)
Domestic Transportation Management (DTM)
Warehousing &Distribution (W&D)
Dedicated Contract Carriage (DCC)/Freight forwarding
International Transportation Management (ITM)

𝗜𝗻 𝟮𝟬𝟮𝟮, 𝗗𝗼𝗺𝗲𝘀𝘁𝗶𝗰 𝗧𝗿𝗮𝗻𝘀𝗽𝗼𝗿𝘁𝗮𝘁𝗶𝗼𝗻 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝘄𝗶𝗹𝗹 𝗵𝗼𝗹𝗱 𝘁𝗵𝗲 𝗹𝗮𝗿𝗴𝗲𝘀𝘁 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗵𝗮𝗿𝗲.

Fact.MR estimates that Domestic Transportation Management (DTM) will hold roughly 32% of the market in 2022. A key driver of market expansion during the forecast period is likely to be the rising consumer demand in the retail and healthcare sectors.

Other key factors driving the segment's growth include the expansion of global economic activity and the rise in popularity of e-commerce. However, due to the expansion of Free Trade Agreements (FTAs), trade liberalisation laws, and cross-border logistics, it is expected that the need for international transportation services would increase significantly over the future years.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝘂𝗱𝘆:

The global third-party logistics market size is estimated at USD 1,031 Bn in 2022
North America to emerge as an opportunistic market, accumulating 40% revenue
APAC to be the fastest-growing region with a CAGR of 10% during the forecast period.
Domestic Transportation Management segment to procure about 32% of the market share in 2022
The manufacturing segment is expected to have acquired more than 24% of the global revenue share in 2022
"The rapid expansion of the e-commerce, especially in developing countries is likely to generate significant opportunities for expansion in the coming time." - says an analyst at Fact. MR.

𝗠𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴 𝗶𝗻 𝗠𝗲𝘅𝗶𝗰𝗼, 𝗖𝗵𝗶𝗻𝗮, 𝘁𝗵𝗲 𝗨𝗦, 𝗮𝗻𝗱 𝗜𝗻𝗱𝗶𝗮 𝘄𝗶𝗹𝗹 𝘀𝗲𝗲 𝗮𝗻 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗶𝗻 𝗼𝘂𝘁𝘀𝗼𝘂𝗿𝗰𝗲𝗱 𝗹𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝗶𝗲𝘀.

Fact. MR predicts that the manufacturing sector will have more than 24% of the revenue share in 2022. There will certainly be a noticeable increase in outsourced logistics activities in the manufacturing sectors of the US, Mexico, China, and India, which will expand the market.

Due to the advantages such as improved customer service, chain visibility, and lower transportation costs, the manufacturing sector is outsourcing the logistics activities, which is boosting market growth. Another important factor advancing the business is the expansion of regional industrial sectors. For instance, the "Make in India" initiative has created a huge possibility for market expansion.

𝗛𝗼𝘄 𝗖𝗮𝗻 𝗙𝗮𝗰𝘁.𝗠𝗥 𝗛𝗲𝗹𝗽 𝗬𝗼𝘂 𝗥𝗲𝗮𝗰𝗵 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗗𝗲𝗰𝗶𝘀𝗶𝗼𝗻𝘀?

The data in the market study on Third Party Logistics provides in-depth analysis of important market trends. Market participants might use this information to create innovative business plans and produce remarkable revenue in the near future. The study examines pricing trends, a value chain analysis, and various goods offered by industry rivals. The main objectives of this study are to support data-driven decision-making and business planning.

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀:https://www.factmr.com/connectus/sample?flag=RC&rep_id=7154?PJ

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