The global third party logistics (3PL) market size is projected to register a significant CAGR of over 8% during the forecast period and expected to reach around USD 2 trillion by 2027. The rapid growth in the e-commerce industry and the development of new technologies are some major factors to drive the market growth. The increasing demand to reduce shipping costs and focus to deliver on time is anticipated to spur the market growth. moreover, the growing globalization and the changing supply chain to provide better services to customers is anticipated to boost the market growth over the forecast period. However, the less control of manufacturers on services and delivery process is expected to restrain the market growth.
The report titled "Third Party Logistics Market - Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast - 2021 – 2027" offers a holistic view of the Third Party Logistics industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global Third Party Logistics market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
Third Party Logistics Market report summarizes the positive growth rate in upcoming years, and market size with competitive analysis. Our experts have analyzed the historical data to compare with the current market scenario to calculate the market growth in the coming years. The study provides an exhaustive report that includes an executive summary, scope, and forecast of the market.
The Third Party Logistics Market Segmentation:
By Service Type:
- Dedicated Contract Carriage (DCC)/Freight Forwarding
- Domestic Transportation Management (DTM)
- International Transportation Management (ITM)
- Warehousing & Distribution (W&D)
- Value-Added Logistics Services (VALs)
By Transport Type:
· North America
· Asia Pacific
· Latin America
· Middle East & Africa
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List of Key companies:
- BDP International
- CEVA Logistics
- H. Robinson Worldwide, Inc.
- DB Schenker Logistics
- B. Hunt Transport, Inc.
- Kuehne + Nagel
- Nippon Express
- United Parcel Service of America, Inc.
Key Questions Answered by Third Party Logistics Market Report
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- number of employees and market concentration, among others
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