— Third Party Logistics Market 2020
The Global Third Party Logistics Market is anticipated to reach around USD 1,260 billion by 2026. The retail segment dominated the global third party logistics market in 2017. In 2017, Asia-Pacific accounted for the majority share in the global third party logistics market.
The rise in global trading with respect to e-commerce and retail has led to an increase in the third party logistics market. Advantages offered by 3PL, such as lesser time taken to complete the process, cost and reliability, has encouraged businesses to invest in it to increase overall efficiency and profitability. Outsourcing logistics operations enables manufacturers and retailers to focus on core competencies. Digitalization and integration of IT software and solutions coupled use of reverse logistics and multi-modal transportation is expected to offer growth opportunities during the forecast period. However, factors such as high initial investment to setup the warehouses, initiate staffing activities, investment in IT and monitoring services and actual delivery solutions might hinder market growth to a certain extent.
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Major Key Players of Third Party Logistics Industry:
The major players operating in the third party logistics market include FedEx Corporation, Union Pacific Corporation, Kuehne+Nagel Inc., BNSF Railway Company, AmeriCold Logistics, LLC, Landstar System, Inc., Ryder System, Inc., Burris Logistics, DB SCHENKER Logistics, CEVA Logistics.
The Third Party Logistics market report takes a deeper look into the industry and unearths various insights and trends. It begins with the definition of the product in conjunction with its advantages and disadvantages and its rise globally. The segments and sub-segments are sized accordingly to their demand and their growth measured as per domestic and international policies. They are gauged as per the overall market valuation. Major regions are globally taken into consideration to outline the prospect of the market in these areas and their potential from 2020-2026 period. Key market participants are profiled and their case studies outlined for better understanding of strategies.
The Third Party Logistics market touches on various factors with the impact of macro and micro economic policies and challenges. The market value and demand are sized as per the ups and downs of the industry and the various dynamics surrounding it. The growth drivers are outlined and explained in a well-defined manner. Recent launch of products, supportive policies, research studies, and exhibitions and events are included to the factors to substantiate the evidence of growth. The challenges are highlighted with alternative measures suggested to handle unprecedented events or circumstances. Opportunities are gauged with respect to consumer demand, abundance of raw materials, and new latent potential in niche markets. Special attention is paid to the regulatory framework and the efforts made by nations and their acceptance of foreign direct investment.
The Third Party Logistics market report is segmented into numerous sub-segments with their valuation and growth rates sized according to drivers and restraints. These segments and their scope are measured as per the consumer demand. Market trends are considered and explored in full detail with investment advice given on a customized basis.
The Third Party Logistics market report has been completed with the help of Porter’s Five Forces analysis with special focus on drivers, challenges, opportunities, and trends. The report considers two stages of research – primary and secondary. Primary research entails the acquisition of raw data from surveys, events, press releases, and other trusted sources. The numbers, graphs, and tabular data are present to explain the lows and highs of the market. Interviews with C-level executives and heads of corporations are conducted for a top to bottom view of the industry. Secondary research requires the use of data to complement the primary data and verification of the same through government databases and other reputed sources.
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Table of Contents – Major Key Points
1. Overview and Scope
2. Executive Summary
3. Third Party Logistics Market Insights
4. Third Party Logistics Market Size and Forecast by Service, 2018-2026
5. Third Party Logistics Market Size and Forecast by Mode of Transportation, 2018-2026
6. Third Party Logistics Market Size and Forecast by End-User, 2018-2026
7. Third Party Logistics Market Size and Forecast by Region, 2018-2026
8. Company Profiles
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