Third Party Logistics (3PL) Market Outlook to 2024: Top Companies, Trends & Growth Factors Details for Business Development

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Market Study Report recently introduced new title on “2017-2024 Global Third Party Logistics Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.

The 3PL market is forecast to grow at a significant rate owing to the increasing focus of manufacturers on their core businesses and sub-contracting the activities, where they have less expertise. The growth in the e-commerce industry is expected to drive the 3PL market due to an increase in demand for fast delivery, efficient inventory management, freight forwarding, and individualized shipping time. The players in the e-commerce sector are focused on selling goods online, thus necessitating the need for 3PL market providers. Third Party Logistics (3PL) Market size is set to exceed USD 1,100 billion by 2024, according to a new research report.

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Increasing globalization is encouraging companies across several industry verticals including e-commerce, food & beverage, durable manufacturing, and general merchandising to expand their geographical presence to meet the global demand. This is expected to positively impact the International Transportation Management (ITM) segment demand. 3PL market vendors are focusing on providing international freight management and customs brokerage with their extensive knowledge of import-export processes and international regulations.

The adoption of various software solutions, such as cloud ERP and SCMs, is expected to positively impact the 3PL market growth. An increase in efficiency and a significant cut in costs enable the providers to increase their profit margins. Features, such as inventory tracking and online documentation for international freights, are attracting manufacturers toward the 3PL solutions.

Rail & road mode is expected to experience a high demand owing to the increasing domestic transportation requirements. The launch of rail freight services between Beijing and London across Asia and Europe is expected to surge the trade through the rail mode. This has enabled manufacturers to explore newer transportation options at low costs. This silk route unlocks options for shippers to reduce the transportation time.

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The Asia Pacific 3PL market is predicted to have a significant industry share contributing to over 30% of the total revenue in 2016. The growth in the region is propelled by the improving economic conditions, Internet penetration, and the rising number manufacturing firms. These factors provide lucrative growth opportunities to the industry for effective warehousing and distribution services. In addition, the rising free trade agreements between different countries in the region offer a wide potential for growth.

Some of the prominent players operating in the 3PL market include DHL Supply Chain, DB Schenker, Kuehne + Nagel International AG, Panalpina World Transport Ltd., Nippon Express Co., Ltd., SinoTrans (HK) Logistics Ltd., UPS Supply Chain Solutions, and XPO Logistics, Inc. The 3PL market is highly fragmented in nature and is characterized by several acquisitions and mergers. For instance, in 2016, C.H. Robinson acquired APC Logistics as an expansion strategy. The companies are increasing their capabilities to expand the service portfolio. In 2017, AmeriCold Logistics LLC announced the purchase of several cold storage facilities across the U.S. to increase the capacity of their temperature-controlled services. The companies are actively involved in the purchase of offices overseas, particularly in Latin America and Africa, to meet the international transportation demand.

Table of Contents

Chapter 1    Methodology & Scope

1.1    Methodology

1.1.1    Initial data exploration

1.1.2    Statistical model and forecast

1.1.3    Industry insights and validation

1.1.4    Definition and forecast parameters

1.2    Data Sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2    Executive Summary

2.1    3PL industry 360 degree synopsis, 2013 – 2024

2.1.1    Regional trends

2.1.2    Solution trends

Chapter 3    3PL Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2013 – 2024

3.3    Industry ecosystem analysis

3.3.1    Inbound logistics

3.3.2    Outbound logistics

3.3.3    Client to supplier returns process

3.3.4    Customer to client returns process

3.3.5    Value added warehousing & distribution (VAWD) industry landscape

3.3.5.1      Order Fulfillment

3.3.5.2      Reverse Logistics

3.3.6    Supply Chain Management (SCM) service/logistics BPO industry landscape

3.3.7    Vendor matrix

3.4    Technology & innovation landscape

3.4.1    Automated Guided Vehicles (AGV) in logistics & warehousing

3.4.2    Global AGV/logistics robotics market size

3.5    Industry participant analysis

3.5.1    Major pain points

3.6    Industry impact forces

3.6.1    Growth drivers

3.6.1.1    Technological advancements

3.6.1.2    Emerging trend across E-Commerce industry

3.6.2    Industry pitfalls and challenges

3.6.2.1    Lack of logistics control

3.7    Growth potential analysis

3.8    Porter’s analysis

3.9    Company market share analysis, 2016

3.9.1    Overview of key players

3.10     Development of competitive positioning over time

3.11     PESTEL analysis

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