Global Third Party Logistics Markets, 2020-2027 - Rise in Demand for Reducing Overall Operational Cost and Focus on Managing Timely Delivery
DUBLIN, March 29, 2021 /PRNewswire/ -- The "Third Party Logistics Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Mode of Transport, Services, and End User; and Geography" report has been added to ResearchAndMarkets.com's offering.
Increasing Adoption of E-commerce to Provide Growth Opportunities for Third Party Logistics Providers.
The market is estimated to reach US$ 1,329.4billionby 2027 from US$ 899.4billionin 2019. The report highlights the factors driving and restraining the market growth, as well as enumerates prominent players in the market with their recent developments.
Third party logistics (3PL) is a significant component of e-commerce in order to manage the issues of inventory, warehousing, packing, tracking, and shipping. In contrast with retail store, the e-commerce business is accountable for ensuring timely delivery and if the products are returned, the company has to manage all the operations in reverse logistics.
The logistics requirement and services provided by the 3PL firms to e-commerce business are supply chain management, warehousing, consolidation service, and order fulfillment. In the e-commerce business, 3PL providers deliver flexibility and scalability, upgraded technology, and efficiency and specialization. There are numerous benefits related to e-commerce and it can be fulfilled if the company outsource their logistics requirements to a third party service provider.
This enables the e-commerce participants to perform their specialized roles. Thus, it is a reliable alternative to outsource third party organization in the e-commerce ecosystem. 3PL firms are specialized in supply chain management that allow online stores to emphasize on marketing and other business operations.
The third party logistics market is segmented into mode of transport, services, enduser,and geography. Asia Pacific held the largest share of the third party logistics market, followed by Europe and North America, in 2019. Based on mode of transport, the third party logistics market is segmented into roadways, railways, waterways, and airways.
The roadways mode of transport segment led the third party logistics market in 2019.In road transport, the vehicles are owned and managed by a third party and the transportation operations are adhered to licensing, insurance, and regulation of vehicles. The vehicle also requires documentation pertaining to maximum permissible weight in terms of gross vehicle weight and payload. In third party logistics, roadways are considered one of the feasible alternative as it ensures rapid and cost-effective transportation. However, roadways transport system is weather sensitive.
Deutsche Post AG;Kuehne + Nagel International AG;Nippon Express Co., Ltd;DB Schenker (Deutsche Bahn AG);C.H. Robinson Worldwide, Inc; DSV A/S;and UPS Supply Chain Solutions (United Parcel Service, Inc.) are among the major companies offering products in third party logistics market worldwide.
Key Topics Covered:
1. Introduction
1.1 Scope Of The Study
1.2 Reports Guidance
2. Global Party Logistics Market - Key Takeaways
3. Third Party Logistics Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.3 PEST Analysis
4. Third Party Logistics Market - Key Industry Dynamics
4.1 Key Market Drivers
4.1.1 Rise in demand for reducing overall operational cost and focus on managing timely delivery
4.1.2 Inclination of manufacturing companies on reducing assets and emphasize on core business
4.1.3 Benefits in managing seasonal variations of products
4.2 Key Market Restraints
4.2.1 Lesser control of manufacturer on logistics service and delivery processes
4.3 Key Market Opportunities
4.3.1 Increase in adoption of e-commerce in retail sector
4.4 Future Trends
4.4.1 Implementation of several software solutions
4.5 Impact Analysis Of Drivers And Restraints
5. Third Party Logistics Market - Global Market Analysis
5.1 Third Party Logistics Market - Global Market Overview
5.2 Third Party Logistics Market - Global Market And Forecast To 2027
6. Third Party Logistics Market Revenue And Forecasts To 2027 - Mode Of Transport
6.1 Overview
6.2 Mode Of Transport Market Forecasts And Analysis
6.3 Roadways
6.4 Railways
6.5 Waterways
6.6 Airways
7. Third Party Logistics Market Revenue And Forecasts To 2027 - By Service
7.1 Overview
7.2 Service Market Forecasts And Analysis
7.3 International Transportation
7.4 Warehousing
7.5 Domestic Transportation
7.6 Inventory Management
8. Third Party Logistics Market Revenue And Forecasts To 2027 - By End-User
8.1 Overview
8.2 End-User Market Forecasts And Analysis
8.3 Automotive
8.4 Healthcare
8.5 Retail
8.6 Consumer Goods
9. Global Third Party Logistics - Geographical Analysis
9.1 Overview
10. Industry Landscape
10.1 Merger & Acquisitions
10.2 Market Initiatives
10.3 New Developments
11. Competitive Landscape
11.1 Competitive Product Mapping
11.2 Market Positioning - Global Top 5 Players Ranking
12. Industry Landscape
12.1 Market Initiative
13. Global Third Party Logistics Market- Key Company Profiles
13.1 Key Facts
13.2 Business Description
13.3 Financial Overview
13.4 SWOT Analysis
13.5 Key Developments
- SINOTRANS Limited
- DB Group
- Deutsche Post Ag
- Geodes
- United Parcel Service, Inc. (Ups)
- XPO Logistics, Inc.
- Kuehne + Nagel International AG
- C.H. Robinson Worldwide, Inc
- DSV A/S
- Nippon Express Co., Ltd
For more information about this report visit https://www.researchandmarkets.com/r/f5p5is
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