Logistics Outsourcing Market Poised for Rapid Growth, Expected to Reach USD 1.6 Trillion by 2031

The latest study released on the Global Logistics Outsourcing Market by HTF MI evaluates market size, trend, and forecast to 2031. The Logistics Outsourcing market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

Key Players in This Report Include: DHL Supply Chain (Germany), Kuehne + Nagel (Switzerland), DB Schenker (Germany), Nippon Express (Japan), C.H. Robinson (United States), XPO Logistics (United States), UPS Supply Chain Solutions (United States), CEVA Logistics (France), DSV A/S (Denmark), Geodis (France), Expeditors International (United States), Sinotrans (China), Yusen Logistics (Japan), Ryder Supply Chain Solutions (United States), Toll Group (Australia)

According to HTF Market Intelligence, the global Logistics Outsourcing market is valued at USD 1.1 Trillion in 2024 and is estimated to reach a revenue of USD 1.6 Trillion by 2031, with a CAGR of 6.5% from 2024 to 2031.

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Definition:
Logistics outsourcing, also known as third-party logistics (3PL), refers to the practice of contracting with a third-party provider to manage and execute logistics and supply chain operations. These operations can include transportation, warehousing, inventory management, and freight forwarding. Logistics outsourcing is designed to help businesses improve efficiency, reduce costs, and enhance customer satisfaction by leveraging the expertise and resources of a specialized logistics provider. By outsourcing logistics operations, businesses can focus on their core competencies and improve their overall supply chain performance.

Market Trends:
Growing demand for digital transformation, increasing adoption of artificial intelligence (AI) and machine learning (ML), and advancements in logistics analytics.

Market Drivers:
Increasing demand for supply chain efficiency, growing awareness of cost savings, and advancements in logistics technology.

Market Opportunities:
Developing new logistics solutions, expanding into new markets, and improving supply chain efficiency and effectiveness.

Market Challenges:
Managing complex supply chain requirements, ensuring data security and integrity, and adapting to changing customer expectations.

Fastest-Growing Region:
Asia-Pacific

Dominating Region:
North America

Market Leaders & Development Strategies:
In April 2024, GXO Logistics, Inc., the world's largest pure-play contract logistics provider, completed its acquisition of Wincanton plc. All conditions of the acquisition have been met and GXO is the sole shareholder of Wincanton.

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The Global Logistics Outsourcing Market segments and Market Data Break Down are illuminated below:
Logistics Outsourcing Market is Segmented by Service Type (Transportation Management, Warehousing and Inventory Management, Order Fulfillment, Freight Forwarding, Others) by Mode of Transport (Road, Rail, Air, Sea) by End-User Industry (Retail, Automotive, Manufacturing, Healthcare, Consumer Electronics, Others) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)
Global Logistics Outsourcing market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report
• -To carefully analyze and forecast the size of the Logistics Outsourcing market by value and volume.
• -To estimate the market shares of major segments of the Logistics Outsourcing
• -To showcase the development of the Logistics Outsourcing market in different parts of the world.
• -To analyze and study micro-markets in terms of their contributions to the Logistics Outsourcing market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Logistics Outsourcing
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Logistics Outsourcing market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Read Detailed Index of full Research Study: https://www.htfmarketintelligence.com/report/global-logistics-outsourcing-market

Major highlights from Table of Contents:
Logistics Outsourcing Market Study Coverages:
• It includes major manufacturers, emerging player's growth story, and major business segments of Logistics Outsourcing market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Logistics Outsourcing Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Logistics Outsourcing Market Production by Region Logistics Outsourcing Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.

Key Points Covered in Logistics Outsourcing Market Report:
• Logistics Outsourcing Overview, Definition and Classification Market drivers and barriers
• Logistics Outsourcing Market Competition by Manufacturers
• Impact Analysis of COVID-19 on Logistics Outsourcing Market
• Logistics Outsourcing Capacity, Production, Revenue (Value) by Region (2024-2031)
• Logistics Outsourcing Supply (Production), Consumption, Export, Import by Region (2024-2031)
• Logistics Outsourcing Production, Revenue (Value), Price Trend by Type {Transportation Management, Warehousing and Inventory Management, Order Fulfillment, Freight Forwarding, Others}
• Logistics Outsourcing Manufacturers Profiles/Analysis Logistics Outsourcing Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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Key questions answered
• How feasible is Logistics Outsourcing market for long-term investment?
• What are influencing factors driving the demand for Logistics Outsourcing near future?
• What is the impact analysis of various factors in the Global Logistics Outsourcing market growth?
• What are the recent trends in the regional market and how successful they are?

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

Nidhi Bhawsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketreport.com

About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to enable businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.

This release was published on openPR.