Third-Party Logistics (3PL) Market Size 2023-2032 Industry Analysis, Growth, Share, Trends, Outlook Report

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The Business Research Company's latest "Global Third-Party Logistics (3PL) Opportunities And Strategies Market Report - Forecast To 2032" is the most comprehensive report available in market that will help gain a truly global perspective with data and statistics from over 60 geographies analyzed with more than 7500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth and highlights important trends and strategies that can be adopted to beat the competition in the industry

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The global third-party logistics (3PL) market reached a value of nearly $1,008.5 billion in 2022, having increased at a compound annual growth rate (CAGR) of 5.1% since 2017. The market is expected to grow from $1,008.5 billion in 2022 to $1,624.7 billion in 2027 at a rate of 10.0%. The market is then expected to grow at a CAGR of 10.3% from 2027 and reach $2,655.9 billion in 2032.

Third-party logistics (3PL) refers to the outsourcing of logistics and supply chain management functions to a specialized external service provider. These providers offer a range of services, including transportation, warehousing, inventory management, order fulfillment and distribution. 3PL providers act as intermediaries, bridging the gap between manufacturers, suppliers and end customers, facilitating the smooth flow of goods throughout the supply chain.

Advanced analytics and data-driven solutions are another key trend in the third-party logistics (3PL) market. Companies in the third-party logistics market are focused on leveraging analytics tools to improve customer satisfaction and grow in the market. For instance, in February 2023, Extensiv, a US-based third-party logistics provider, launched Labor Analytics, a revolutionary business intelligence tool designed to empower third-party logistics (3PL) providers. Leveraging real-time data and historical trends, Labor Analytics enables 3PLs to gain actionable insights on individual and team performance. By monitoring labor efficiency across customers, workers and warehouses, 3PLs can pinpoint areas of process inefficiency and streamline their operations. This tool enables the identification of costly shipping practices and facilitates the revision of standard operating procedures, resulting in enhanced overall business productivity and efficiency.

Third-Party Logistics (3PL) Market Segmentation:
By Service Type -
a) Dedicated Contract Carriage
b) Domestic Transportation Management
c) International Transportation Management
d) Warehousing And Distribution
e) Other Service Types
By Mode Of Transport-
a) Railways
b) Roadways
c) Waterways
d) Airways
By End-Use Industry-
a) Manufacturing
b) Retail
c) Healthcare
d) Automotive
e) Other End-Use Industries

Some of the key players involved in the Third-Party Logistics (3PL) market are Kuehne+Nagel International AG, DSV A/S, The Deutsche Bahn AG, Deutsche Post DHL Group, C.H Robinson Worldwide Inc

The regions covered in the global Third-Party Logistics (3PL) market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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A Few Points From The Table Of Content
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction and Market Characteristics
........
19. Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Third-Party Logistics (3PL) Market, Conclusions And Recommendations
23. Appendix

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