The Third Party Logistics market was valued at US$ 805.4 Mn million in 2019 and is projected to reach US$ 1,240.0 million by 2027; it is expected to grow at a CAGR of 5.6% from 2020 to 2027.
Third party logistics is moving towards increased information base and large-scale operations owing to maximize operational efficiency and improve profitability. There is an improvement in the strategic nature of relationships between shippers and third-party logistics providers. Globally, 3PL firms are increasing their employee strength, organization skills, broadening their service offerings, investing in new technology, and expanding their geographical reach in order to deliver data driven solutions.
Studying and analyzing the impact of Coronavirus COVID-19 on the Third Party Logistics industry, the report provides in-depth analysis and professional advices on how to face the post COIVD-19 period.
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The global Third Party Logistics market has been segmented into five major regions: North America, Europe, APAC, MEA, and SAM. APAC holds the dominant share in the Third Party Logistics market and it is expected to be the fastest-growing region in the global market in forecasted period. Governments of various countries are supporting local manufacturers to enhance automotive sector in the country which is bolstering the market growth.
The Top Companies in the Third Party Logistics market include: – Deutsche Post AG, KUEHNE + NAGEL INTERNATIONAL AG, NIPPON EXPRESS CO., DB Schenker, C.H. Robinson Worldwide, DSV A/S, XPO LOGISTICS, SINOTRANS CO., GEODIS, UPS Supply Chain SolutionsLTD
The above listing of key players is derived by considering multiple factors such as overall revenue, current Third Party Logistics portfolio, new product launches, market initiatives, investment in technology up-gradation, mergers & acquisitions, and other joint activities.
Global Third Party Logistics Market: Applications and Types
COVID-19 Impact and Global Analysis by Mode of Transport (Roadways, Railways, Waterways, and Airways), Services (International Transportation, Warehousing, Domestic Transportation, and Inventory Management), and End User (Automotive, Healthcare, Retail, and Consumer Goods); and Geography
Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in the in-Third Party Logistics market, thereby allowing players to develop effective long term strategies.
– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Some Point from Table of Content:
Global Third Party Logistics Market Analysis, Key Company Profiles, Types, Applications and Forecast to 2028
1 Third Party Logistics Market – Research Scope
2 Third Party Logistics Market – Research Methodology
3 Third Party Logistics Market Forces
4 Third Party Logistics Market – By Geography
5 Third Party Logistics Market – By Trade Statistics
6 Third Party Logistics Market – By Type
7 Third Party Logistics Market – By Application
8 North America Third Party Logistics Market
9 Europe Third Party Logistics Market Analysis
10 Asia-Pacific Third Party Logistics Market Analysis
11 Middle East and Africa Third Party Logistics Market Analysis
12 South America Third Party Logistics Market Analysis
13 Company Profiles
14 Market Forecast – By Regions
15 Market Forecast – By Type and Applications
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