Press release
Third-Party Logistics (3PL) Global Market Trends for 2024
Third-Party Logistics (3PL) Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=7234&type=smp
According to The Business Research Company's, The third-party logistics (3pl) market size has grown rapidly in recent years. It will grow from $1112.7 billion in 2023 to $1229.2 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to increase in trade and exports, growth in world population, government initiatives and increasing demand from end-use industries.
The third-party logistics (3pl) market size is expected to see strong growth in the next few years. It will grow to $1799.11 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to rapid growth in e-commerce, increasing retail penetration and growing demand for efficient inventory management. Major trends in the forecast period include use of artificial intelligence, advanced logistics management platforms, use of electric vehicles, advanced analytics and data-driven solutions, adoption of cloud-based logistics platforms, last-mile delivery innovations and partnerships and collaborations.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/third-party-logistics-3pl-global-market-report
Market Drivers and Trends:
The development of the e-commerce industry is expected to propel the growth of the third-party logistics market going forward. Electronic commerce (E-commerce) refers to companies and individuals that buy and sell goods and services over the Internet. Third-party logistics providers (3PL) are utilized by many e-commerce businesses to oversee and manage their supply chain management. For instance, in 2021, according to Oberlo, a US-based dropshipping app for Shopify, total US e-commerce sales reached $960.1 billion, an 18.3 % year-over-year increase from $811.6 billion in 2020. Therefore, the development of the e-commerce industry is driving the third-party logistics market.
Artificial intelligence is increasingly being used by wholesalers and third-party logistics (3PL) providers. AI in logistics can help with route optimization and fleet management. For example, in January 2022, Verte, a US-based e-commerce service company launched a new artificial intelligence (AI)-enabled omnichannel supply chain platform for wholesalers and third-party logistics (3PL) providers. Verte's technological solutions provide real-time supply chain insight with a data-driven platform that centralizes information to provide supply chain transparency and it is ideally positioned to provide aggregated data solutions that address critical industry concerns related to inventory and customer fulfillment, allowing retailers, shippers, 3PLs, and carriers to operate more efficiently. It is the ultimate sophisticated connector to demand channels, available and in-transit items, carriers, service providers and any type of physical place. Using Verte's unified data-first approach, the platform's AI prescriptive solution can be applied to the manufacturing, planning and positioning of inventory across a complex retail fulfillment network. Verte's AI inventory management solutions assess consumer fulfillment choices and buying behaviors, as well as boost e-commerce and store inventory levels.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Owens Corning, Kingspan Group Plc, SSAB AB, KPS Global, Premier SIPs, Enercept Inc, Extreme Panel Technologies Inc., Isopan, Structural Panels Inc, All Weather Insulated Panels, Shandong Hark Steel Material Co Ltd, Shandong Wiskind Architectural Steel Co Ltd, Shandong Wiskind Steel Structure Co Ltd, Xiamen Yumi New Material Technology Co Ltd, Yantai Jedha Industrial and Trading Co Ltd, Golden Power (Fujian) Building Material Science Technology Co Ltd, Shree Shani Green Energy, Versiclad, EnviroSip, Solaris, Glosford SIPS, Self-Build, Metawell, Sipcon.House, SIPs, Sipeurope, ECSUS Design, Karmod, Tekhnostyl Group, Hotwell, EcoEuroDom, OrgTechStroy, SipMontage, Worsted, FischerSIPS, VIRMAK LLC, TechnoNIKOL, ACME Panel Company, Energy Panel Structures Inc, Foard Panel Inc, General Panel Corporation, Thermapan Structural Insulated Panels, Knight Wall Systems, Tafco, Sinopan, Isoeste, Xipre, Styropek, Arauco, Emirates Industrial Panel, TSSC Group, Sika AG, Qatar Steel Industries Factory, Dana Steel, Isotherm Insulation FZC, Zamil Steel, Al Shahin Metal Industries, Drycraeft, Ecostruct Panel Systems, New World Steel Construction, Panel Co South Africa, Isowall Group, Rockwool
Third-Party Logistics (3PL) Market 2024 Key Insights:
• The third-party logistics (3pl) market size is expected to see strong growth in the next few years. It will grow to $1799.11 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%.
• E-Commerce Boom Fuels Growth In The Third-Party Logistics Market
• AI Revolutionizes Supply Chain Management For Wholesalers And 3Pl Providers
• Asia-Pacific was the largest region in the third-party logistics market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=7234&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Third-Party Logistics (3PL) Global Market Trends for 2024 here
News-ID: 3777585 • Views: …
More Releases from The Business research company
Leading Companies Reinforce Their Presence in the Blanket Market
The blanket market is steadily gaining traction as consumers increasingly seek comfort and style in their home essentials. With evolving preferences and technological advancements, this sector is set to experience consistent growth. Let's explore the current market value, key players, emerging trends, and the main segments fueling this expansion.
Forecasted Blanket Market Size and Growth Trajectory
The blanket market has seen consistent growth over recent years. From a market size…
Global Trends Review: The Rapid Evolution of the Sporting and Athletic Goods Mar …
The sporting and athletic goods market is experiencing steady growth, driven by evolving consumer preferences and technological advancements. As health and wellness continue to gain importance globally, this market is set for notable expansion in the coming years. Let's explore the current market size, key factors fueling its growth, leading companies, major trends, and segmentation details.
Forecast for Sporting and Athletic Goods Market Size Through 2029
The sporting and athletic…
Train Seat Market Overview, Key Growth Factors, and Insights on Top Players
The train seat industry is experiencing notable growth, driven by advancements in technology and increasing demand for improved passenger comfort. As rail travel evolves, so does the need for innovative, efficient, and adaptable seating solutions that cater to modern requirements. Let's explore the current market status, key players, trends, and segments shaping the future of train seating.
Train Seat Market Size and Growth Expectations
The train seat market has seen…
Leading Companies Solidifying Their Presence in the Spunbond Nonwovens Market
The spunbond nonwovens industry has been experiencing notable growth and shows promising prospects for the coming years. This expanding market is being driven by several innovations and increasing demand across diverse sectors, signaling a robust future.
Projected Growth and Market Size of the Spunbond Nonwovens Market
The spunbond nonwovens market has demonstrated solid expansion recently, with its size expected to rise from $15.57 billion in 2024 to $16.59 billion in…
More Releases for Panel
Environment Friendly Cladyne PVC Wall Panel Louvers Panel By Frikly.
Interior design is more than just a trend-it's a reflection of your style, taste, and the atmosphere you want to create in your space. One of the most innovative solutions to achieve a modern and sophisticated look is Cladyne PVC Wall Panel Louvers. These panels are not only visually stunning but also highly functional, making them an ideal choice for homeowners, interior designers, and architects alike. Let's dive into the…
Rising Solar Panel Installations to Accelerate Solar Panel Recycling Market Grow …
According to a new market research report launched by Inkwood Research, the Global Solar Panel Recycling Market is estimated to progress with a CAGR of 12.82% in terms of revenue, reaching a revenue of $539.61 million by 2032.
Browse 43 Market Data Tables and 45 Figures spread over 225 Pages, along with an in-depth analysis of the Global Solar Panel Recycling Market by Process, Type, Shelf Life, & Geography.
Refer to…
Plasma Display Panel
Market overview
This market report can help the companies to make crucial business plans on production techniques, raw materials procurement, and to increase the industry chain cycle of the market globally. The case study reported is a brief history and a detailed assessment of the Plasma Display Panel market 2021 including key company profiles, and overall competitive scenario, key market trends, upcoming technologies, industry drivers, challenges, regulatory policies.
Request a sample Report…
Structural Insulated Panel Market : Projected Huge Growth To 2020 - 2027 | Major …
Structural insulated panel market will reach an estimated valuation of USD 690.8 million by 2027, while registering this growth at a rate of 6.20% for the forecast period of 2020 to 2027. Data Bridge Market Research report on structural insulated panel market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Key Market Competitors Covered in…
Veterinary Radiography Flat Panel Detectors Market Segmentation By product type …
Veterinary Radiography Flat Panel Detectors Market: Introduction
When it comes to the diagnosis, treatment and detection of diseases of pets and animals, they deserve the best treatment. Companion animals, pets and agricultural livestock are presently receiving benefits from the same flat panel technology that is used in X-ray systems for human patients. Veterinary radiography flat panel detectors effectively image the small structure of animals with high resolution and good image quality.…
BOMA Developers' Panel
FOR IMMEDIATE RELEASE:
CONTACT:
• Stacie Foster, Archer Communications, 585-461-1570, sfoster@archercom.com
Building Owners and Managers Association of Greater Rochester’s Developers’ Panel
Rochester, NY, September 3, 2013 - Building Owners and Managers Association of Greater Rochester (BOMA) will host its second Developers’ Panel on Thursday September 19, 2013.
“We are excited to host our second Developers’ Panel,” said Scott Hill, Event Chairman. “It gives our community an opportunity to learn about and discuss…
