Global Third-Party Logistics (3PL) Industry to reach USD XXX billion by 2025.
Global Third-Party Logistics (3PL) Industry valued approximately USD XXX billion in 2016 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2025. Variation in transportation capabilities and increased shipping demand have enabled service providers to enhance their supply chain activities. The third-party logistics Industry is expected to progress as service providers are moving towards the use of automated freight payment and audit services to reduce costs. These providers are gaining competitive advantages by reducing capital expenditure (CAPEX), mitigating risks, managing inventory, and focusing on the core competencies of their business operations. The emergence of Big Data and availability of industry-specific logistics services are expected to be the key driving factors boosting the industry growth. Lack of necessary internal control has resulted in the increase in outsourcing of these services by the middle Industry companies (including wholesalers and retailers) to overcome the logistic challenges. The manufacturers and end-use industries in the emerging countries lack the internal control required for addressing logistics challenges. This has provided an impetus to the 3PL industry growth. Additionally, the key vendors are adopting cloud-based Customer Relationship Management (CRM) solutions to enhance the shipper-vendor relationship and reduce the supply chain complexities by providing increased visibility in the process. However, the economic downturn is dampening the interest of 3PL providers in making capital investments.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Third-Party Logistics (3PL) Industry Share and Size by 2019-2025
Third-Party Logistics (3PL) Market Segmentation:
* DCC/Freight forwarding
* Warehousing & Distribution
* Value Added Logistic Services
By End Use:
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Third-Party Logistics (3PL) Market are as follows:
CH Robinson Worldwide
DB SCHENKER Logistics
Expeditors International of Washington, Inc.
J.B. Hunt Transport Services, In