Global demand for third-party logistics (3PL) market was valued at around USD 800 Billion in 2019 and is anticipated to surpass USD 1,000 Billion in 2025, proliferating at a CAGR of more than 7% between 2019 and 2025. The development of logistical infrastructure in Asia and the Middle East, as well as the rapid rise of the e-commerce sector and the development of new technologies, are all projected to contribute considerably to market expansion. To improve their operations and cost-effectiveness, shippers are focused on outsourcing logistics. Inventory management services are in high demand due to growing working capital and globalisation. Furthermore, the industry’s dynamic expansion is being fueled by the reorganisation of the brick-and-mortar business model.
Companies might outsource their supply chain activities to focus on adaptability and reactivity as the global supply chain changes to become more customer-centric. Furthermore, the complex supply chain activity necessitates ability to handle the dynamic international paperwork procedure and customs norms and regulations. As a result, small and medium-sized firms are turning to third-party logistics services. Consumer expectations and purchasing behaviour have changed as a result of the rise of e-commerce and the digital phenomena known as “The Amazon Effect.” In terms of convenience, cost, control, and choice, end-users have unmatched expectations.
The top Leading Market Players Covered in this Report are : BDP International, DHL Supply Chain, FedEx, Kuehne+Nagel International AG, Ryder Supply Chain Solutions, Transplace Texas LP, AmeriCold Logistics LLC, C.H. Robinson Worldwide, Echo Global Logistics.
The top players in the worldwide Third-Party Logistics (3PL) market are highlighted in the report. The report includes a full description of the important players, including their operating profits, functional areas, competitive landscape, and recent developments. Whereas, regional presence, expenditure on research & development projects, distributors, and the range of services offered are all taken into account when conducting a competitive analysis. These prominent players were also chosen based on the aforementioned characteristics. All of these elements will enable the user to concentrate on the most important parameters and set objectives in order to be competitive in the global market.
Market Segmentation By Types – On-premise, Cloud
Market Segmentation By Application – Manufacturing, Automotive
The global market study is divided into segments and sub-segments depending on a variety of factors. Within the global Third-Party Logistics (3PL) market, several potential, ongoing trends for each segment and sub-segment are addressed. The chapter provides precise volume and value projections and calculations for the forecast period 2021-2027. This allows the user to focus on the most important corner of the industry and the variables that are driving its growth in the Third-Party Logistics (3PL) industry. The report study also explains why the other categories of the global market are growing at such a slow or constant pace.
The global Third-Party Logistics (3PL) market is divided into five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The regional data offered in the study will assist the user in classifying notable worldwide Third-Party Logistics (3PL) market opportunities that exist in various areas and nations. The study also includes an analysis of revenue and volume in each area, as well as their respective countries.
COVID-19 Impact analysis
The influence of the COVID-19 pandemic crisis on market scenarios is the basis for the Covid-19 analysis. This contains the financial impact of the Covid-19 outbreak on the market segments, regional markets, and entire industry. The research also includes a full impact analysis that takes into account all government policies enacted during the pandemic period, interim shutdowns of production units, the current incarnation of the supply chain, and their potential impacts on overall market growth. The market research on COVID-19 impact analysis will aid users in comprehending global demand for products & services and thus implementing an effective business strategy to compete with competitors.
Who will get the benefit of this report?
The study prepared by Zion Market Research can benefit small & large manufacturers, private equity firms, investors, government organizations, suppliers, and retailers functioning in the global Third-Party Logistics (3PL) market. The study presents market analysis in a straightforward style that is simple to read and comprehend. This would also aid entrepreneurs in comprehending all aspects of the worldwide Third-Party Logistics (3PL) market.
Why should buy this report from Zion?
The Zion Market Research study on the Third-Party Logistics (3PL) market is a thorough analysis incorporating numerous elements that are crucial to the market’s growth and dynamics. The crucial facts and data provided in the research for the Third-Party Logistics (3PL) market for the projected period of 2021-2027 will serve as a helpful resource for users seeking direction in making decisions to strengthen their present position in the market or enter the industry.
The Zion Market Research is based on the combination, evaluation, and comprehension of data about the global market acquired from many sources. The research analyst’s vision is formed from primary and secondary research in order to present a comprehensive picture of the market. The global Third-Party Logistics (3PL) market research was created by taking into account major driving drivers, prospective threats, important revenue pockets, and the most recent trends & prospects.