Singapore, China, Hong Kong and Taiwan Third Party Logistics Market Trends, Share, Industry Size, Growth, Demand, Opportunities and Forecast By 2029

Being a proficient and all-inclusive Singapore, China, Hong Kong and Taiwan Third Party Logistics Market report puts a light on primary and secondary drivers, market share, leading segments, possible sales volume, and geographical analysis. This market research report is a significant source of information about the industry, important facts and figures, expert opinions, and the newest developments across the globe. This report has reviews about key players in the market, major collaborations, merger and acquisitions along with trending innovation and business policies.

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Data Bridge Market Research analyses that the China third party logistics market is expected to reach USD 462,107.01 million by 2030 from USD 265,902.06 million in 2022, growing with a CAGR of 7.2% in the forecast period of 2023 to 2030. Taiwan third party logistics market is expected to reach USD 10,349.33 million by 2030 from USD 7,630.55 million in 2022, growing with a CAGR of 3.9% in the forecast period of 2023 to 2030. Singapore third party logistics market is expected to reach USD 6,148.33 million by 2030 from USD 4,041.96 million in 2022, growing with a CAGR of 5.4% in the forecast period of 2023 to 2030. Hong Kong third party logistics market is expected to reach USD 4,791.97 million by 2030 from USD 3,752.94 million in 2022, growing with a CAGR of 3.1% in the forecast period of 2023 to 2030. Providers of third-party logistics (3PL) services have extensive supply chain management expertise, experience, and resources, which is increasing over the years.

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Market Overview:

Third Party Logistics (3PL) is a service that allows outsourcing operational logistics for warehousing all the way to delivery and ultimately enables to focus on the main core part of the business. Third party logistics companies provide a varied number of services in regard to the logistics of the supply chain, which includes transportation, warehousing, picking and packing, inventory forecasting, order Fulfilment, and freight forwarding. The primary advantage of third party logistics services such as packing, warehousing, and shipping reduces operating cost for companies and enable the organization to focus on their main business. A third party logistics service is likely to offer better performance on efforts such as shipping the products and helps the organization establish its strong presence in different countries. Suppose any company is selling its products internationally. In that case, third party logistics can take care of documentation, customs, duties, and other issues that come up at the borders that can delay shipments and result in high cost if not done thoroughly.
Some of the major players operating in the Singapore, China, Hong Kong and Taiwan Third Party Logistics market are:
Basilisk (Netherlands)
Acciona (Spain)
Akzo Nobel N.V. (Netherlands)
CEMEX S.A.B. de C.V. (Mexico)
Sika AG (Switzerland)

Devan (Some of the major players operating in the Singapore, China, Hong Kong & Taiwan third party logistics market are DHL (Germany), Nippon Express Co., Ltd(Japan), FedEx (U.S.), NYK Line (Japan), CJ Logistics Corporation (Korea), C.H. Robinson Worldwide, Inc.(U.S.), DB Schenker (Germany), DSV (Denmark), KERRY LOGISTICS NETWORK LIMITED (Hong Kong), Kuehne+Nagel (Switzerland), Samudera Shipping Line Ltd (Singapore), SINOTRANS Limited (China), United Parcel Service of America, Inc. (U.S.), XPO, Inc. (U.S.), COSCO SHIPPING Logistics Supply Chain Co., Ltd. (China), CN Logistics International Holdings Limited (Hong Kong), NAF Logistics Group (Hong Kong), among others.
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