openPR Logo
Press release

3PL Market Segments, Opportunity, Growth and Forecast By End-use Industry 2016 - 2024

Global 3PL Market: Overview

Third party logistics, also known as 3PL, is an outsourcing system wherein storage and transportation services are outsourced to a specialist company. Outsourcing these services allows companies to cut costs and focus on their core competency. Inventory management, delivery, packaging, and cross-docking services are now usually bundled with 3PL services, making the 3PL platform even more cost-effective. The global 3PL market is driven primarily by the rising preference to outsource all non-essential tasks in the corporate sector. This boosts the profit margin of the vendor significantly and the trend is expected to remain influential in the forecast period.
Request Report Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12455
The global 3PL market is also driven by the increasing demand from the ecommerce sector thanks to the latter’s steady growth in recent years. This is another major driver for the global 3PL market, particularly in developing countries, where the ecommerce sector stands to grow handsomely in the coming years.

The report presents a detailed profile of the global 3PL market, including a review of the market’s historical trajectory and the key factors influencing its growth at present. The current market figures are given in detail in the report and are used to project the global 3PL market’s future. The major segments of the global 3PL market are examined in the report to get an idea of the hierarchy of the market by each criterion. The competitive landscape of the market is also examined in the report.

Global 3PL Market: Drivers and Restraints

Apart from the increasing preference to cut costs on non-essential functionalities, the global 3PL market is majorly driven by the fall in shipping rates, which have allowed 3PL operators to make a profit even while allowing their clients to cut their own total expenditure. Utilizing 3PL results in a smoother, more streamlined supply chain, making the process of marketing and selling the products much easier

The rise of the ecommerce sector has been a major driver for the global 3PL market in the last few years. Ecommerce giants focus on selling the products through an online platform, and not all have their own logistics services. Startups, which are becoming increasingly numerous in today’s business environment, may not be able to afford their own logistics services, necessitating the use of third party logistics.

The convenience of shopping online has resulted in consumers unanimously showing their support to the expansion of ecommerce. This will remain a major driver for the global 3PL market, as developing economies are expected to witness a steady expansion of their ecommerce sectors in the coming years, leading to an increase in the demand for 3PL services.

Global 3PL Market: Regional Analysis

The global 3PL market was led by Asia Pacific in 2015. A trifecta of increasing disposable incomes, increasing availability of the Internet, and escalating investments by ecommerce players has seen the ecommerce sector grow by leaps and bounds in emerging countries such as China and India. This is expected to remain influential for the global 3PL market in the coming years.

Europe and North America accounted for the next largest shares in the global 3PL market. The recent eurozone crisis has held the Europe 3PL market back, but the increasing demand from the automotive industry is likely to turn the tide in the years ahead. Latin America is expected to become another key market for 3PL service providers in the near future due to the increasing demand for ecommerce in the region.
Visit For TOC @ https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=12455
Key players profiled in the report include C.H. Robinson, DSV, Nippon Express, CEVA Holdings, DB Schenker, Yusen Logistics, Kuehne + Nagel, Hellman Worldwide Logistics, and Ryder System.

About Us – Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others

Contact Us:
Transparency Market Research
State Tower, 
90 State Street, Suite 700, 
Albany NY - 12207 
United States 
Tel: +1-518-618-1030 
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

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 3PL Market Segments, Opportunity, Growth and Forecast By End-use Industry 2016 - 2024 here

News-ID: 786039 • Views:

More Releases from Transparency Market Research - Food and Beverages

New Trends of Insect Protein Powders Market to Receive Overwhelming Hike In Reve …
The latest research report examines the landscape of the global insect protein powders market throughout the base years as well as the forecast years of 2021 to 2031. It evaluates the companies and stakeholders in the global insect protein powders market in order to gather precise understanding pertaining to the recent industry trends as well as developments. The professional research study highlights several distinct factors and trends that may act
High Protein Yogurt Market Key Trends and Competitive Development Analysis by 20 …
Albany, NY - High Protein Yogurt Market: Overview High protein yogurt has hit the yogurt market to meet the various nutritional requirements and sensory characteristics for consumers. Yogurt is general is a repository of probiotics that is immensely useful in gut microbiome. Growing trend of flavored yogurt is a key trend boosting the market. The advent of array of products has expanded the avenue in dairy aisle. Greek yogurt gathered steam
Fish Feed Market Key Trends and Competitive Landscape by 2030
Albany, NY - Fish Feed Market: Overview The fish feed market is predicted to chart an impressive growth curve over the forecast period from 2020 to 2030. Growth of the fish feed market is influenced by factors such as population growth, rapid urbanization, and rising income to serve the ever-increasing demand of fish for food. Fish is a staple food for a large number of communities worldwide. However, limitations of wild catch
Fructose Market Drivers & Restraints and Regional Outlook by 2027
Albany, NY - Global Fructose Market: Overview The global fructose market is expected to witness a stellar growth during the forecast period. Increasing trend of demand for fructose worldwide is likely to push the growth in the global fructose market. Food and beverages industry uses refined fructose derived from corn syrup in their products, while fructose is naturally present in fruits and vegetables. An upcoming Transparency Market Research provides minute details on

All 5 Releases


More Releases for Market:

India Tractor Market, Tractor Industry, Market Revenue, Market Growth Analysis, …
How Is India Tractor Market Positioned? In India two-third population is engaged in Agriculture. Tractors form an essential part of this sector. They bring the required efficiency and productivity country needs in its agricultural activity to compete on the international level. The Indian tractor Industry has made preponderant improvement in production capacity and in terms of production volumes. The industry has been successful in indigenization of the technology. The volume growth
Global Optical Interconnects Market, Market Size, Market Shares, Market Growth A …
In integrated circuits, optical interconnects majorly refers to a system of transmitting signals from one fragment of an integrated circuit to another part which is using light. Optical interconnects have been in high demand due to the high latency and power consumption incurred by conventional metal interconnects in conveying electrical signals over long distances, such as in interconnects classed as global interconnects. The International Technology Roadmap for Semiconductors (ITRS) has emphasized
Global Cash Registers Market, Market Growth Analysis, Market Revenue, Market Out …
A cash register or automatic money handling system is a motorized or electric device for registration and calculating dealings at a point of sale. It is typically devoted to a drawer for storage cash and additional valuables. A modern cash register is generally attached to a printer which can print out incomes for record-keeping determinations. The electronics cash register delivers numerous features likes mall price and informal admittance. The rising acceptance of electronic cash register by
Global Organic Food & Beverage Market | Market Size, Market Share, Market Trends …
The term 'organic' has gained much popularity since the last decade, which refers to the process of how certain foods are produced. Organic food is grown without the use of synthetic chemicals, such as human-made pesticides and fertilizers, and does not contain genetically modified organisms (GMOs). According to the recently published report titled, 'Global Organic Food & Beverage Outlook, 2026', by Bonafide Research the organic foods & beverage industry has
Robotic Cardiology Surgery Market Insights Includes Market Share, Market Researc …
Robotic Cardiology Surgery Market Global demand for cardiac surgery robots in 2025 will explode to $XXX billion. This represents an astonishing XX% growth yearly in terms of annual revenue between 2016 and 2025, and a cumulative market total of $7.50 billion during 2017-2025 owing to the substantial increase of robot-based and computer-assisted cardiological surgery procedures for heart disorders. Global Robotic Cardiology Surgery Market 2016-2025: Market Size, Share, Forecast and Strategy is based
Educational Robots Market, Market Segmentation, Market Report, Market Forecast
Global Educational Robots market valued USD 670 Million in 2017 and is likely to grow more than USD 2339.8 Million by 2025 with a compounded annual growth of 16.92% over the forecast period 2018-2025. The market growth is primarily driven by technological enhancements in the field of robotics and increasing use of robots for educational purposes. However, high initial research and development expenses hamper market growth. The main function of