3PL Market: Increasing Demand from E-commerce Sector to Drive Market Growth

For getting an idea on the market’s hierarchy on the basis of each criterion, the top segments in the global 3PL market have been assessed. The technological developments taking place in the market and how they are affecting the market’s growth also form an integral of this study. The regions blooming in the market have also been presented by providing estimations on the state of these regions in the coming years.

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The growing inclination toward outsourcing each and every type of non-essential task present in the corporate sector is a primary factor driving the growth of the global 3PL market. This will further raise the vendors’ profit margin and this trend is poised to positively influence the overall development of the market. The growing demand from the sector of ecommerce owing to the booming e-commerce industry will also provide impetus to the growth of the 3PL market, particularly in emerging economies, wherein the e-commerce sector is predicted to grow by leaps and bounds in forthcoming years.

The benefit of online shopping has resulted in an increased preference to e-commerce by consumers. This will also boost he global 3PL market. The global 3PL market is also positively impacted by the low shipping rates and this has enabled the operators of 3PL in making profits along with permitting their clients to curtail their own overall expenditure.

In terms of geography, the report categorizes the global 3PL market into Latin America, North America, Eastern Europe, Western Europe, the Middle East and Africa, and Asia Pacific. Of these, the Asia Pacific 3PL market held a dominating position in 2015. The flourishing industry of e-commerce, increasing investments by e-commerce players, the increasing penetration of Internet, and the rising disposable incomes, particularly in nations such as India and China will propel the development of the 3PL market in the region of Asia Pacific.

On the other hand, Europe and North America trailed Asia Pacific and came up as the next leading region in the 3PL market. The Latin America 3PL market is also poised to emerge as another prime market for the providers of 3PL in the coming years owing to the growing demand from the e-commerce sector of this region.

The prominent players in the global 3PL market are DSV, C.H. Robinson, Nippon Express, DB Schenker, CEVA Holdings, Yusen Logistics, Hellman Worldwide Logistics, Ryder System, and Kuehne + Nagel, among others, as per this study.

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