Press release
Global 3PL Market Will Rise at at CAGR 5.52% During 2016-2020 Due To Growing Need For Logistics in Import and Export Industry
About the 3PL Market3PL is a business process through which companies outsource their logistics and distribution functions to a service provider that specializes in handling logistics functions such as transportation, warehousing, and freight and forwarding. A logistics service provider that provides these services is called a 3PL provider. Often, 3PL providers go beyond logistics and provide value-added services like inventory management, cross-docking, door-to-door delivery, and packaging of products. They also provide strategic and operational value to many shippers worldwide. This logistics improves effectiveness by introducing new and innovative SCM.
Technavios analysts forecast the global 3PL market to grow at a CAGR of 5.52% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global 3PL market for 2016-2020. To calculate the market size, this report covers revenue generated by logistics service providers.
The market is divided into the following segments based on geography:
APAC
Europe
North America
South America
ROW
Technavio's report, Global 3PL Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
C.H. Robinson
CEVA Holdings
DB Schenker
Deutsche Post DHL
DSV
Kuehne + Nagel
Nippon Express
Other prominent vendors
XPO Logistics
UPS Supply Chain Solutions
SDV International logistics
DACHSER
Expeditors International of Washington
GEODIS
Toll Holdings
J.B. Hunt Transport
GEFCO
Agility
UTi Worldwide
Yusen Logistics
Hellmann Worldwide Logistics
CJ Korea Express
Ryder System
Damco International
Market driver
Advances of e-commerce in retail sector
For a full, detailed list, view our report
Market challenge
High operational cost and competitive pricing
For a full, detailed list, view our report
Market trend
Advances in technology
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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