Third Party Logistics Market

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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Third Party Logistics Market Trends Global Industry Analysis, Top Manufacturers, Share, Growth, Statistics, Opportunities & Forecast to 2024

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MarketStudyReport.com offers 2017 report on global Third Party Logistics market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2017-2024.

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.

Request a sample of this premium report at https://www.marketstudyreport.com/request-a-sample/467572/

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.

Request a discount on standard prices of this premium report at https://www.marketstudyreport.com/check-for-discount/467572/

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

More Report @ http://www.openpr.com/news/archive/144590/marketstudyreport-com.html

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Contact Us:

Market Study Report

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USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

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Global Third Party Logistics Market 2015 Analysis and Forecasts to 2022

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MarketStudyReport.com adds “World Third Party Logistics (3PL) Market-Opportunities and Forecasts, 2014-2022” new report to its research database. The report spread across 150 pages with table and figures in it.

Third Party Logistics (3PL) is the function by which a manufacturer outsources activities related to logistics and distribution. Often a 3PL company can go beyond just logistics and distribution and can provide specialized services such as inventory management, cross-docking, door to door delivery and packaging of products. The market for this service is expected to witness growth at good pace owing to its use in todays competitive environment. Moreover, the demand is expected to rise due to increase in the focus of manufacturer and retailers on their core business (known as core competencies) and subcontracting activities, such as logistics where they have less expertise. Thus, the increase in the competition has diverted the focus of manufacturer to promote respective specializations in production and distribution.

Increase in the globalization helped in setting up a worldwide network of manufacturing activities. To maintain it efficiently, the demand of 3PL companies is expected to rise. The scope of 3PL services is expected to increase as productivity gains in supply chain in terms of cost and reliability can be derived with the help of managerial and information technology expertise provided by 3PL companies. Increase in the e-commerce industry and reverse logistics operations are also driving the market of 3PL industry. However, loss of direct control on the logistics service and potential loss of reputation are the most critical factors, which are likely to restrict the growth of this market. The market of 3PL is still fragmented, with plenty of room for growth. With number of orders increasing in small amount of time the opportunity or challenge to the 3PL companies will be to meet the demand by completing more orders at lower cost with the help of multi-channel distribution.

The report segments the 3PL market on the basis of mode of transport, service type and geography. On the basis of mode of transport, the market is segmented into roadways, railways, airways and waterways. On the basis of service type, the market is segmented into dedicated contract carriage (DCC), domestic transportation management, International transportation management, warehousing and distribution, others (IT services and logistics software). Geographical breakdown is done as North America (U.S., Mexico and Canada), Europe (U.K., France, Germany, Italy and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia and Rest of Asia-Pacific) and LAMEA (Latin America, Middle East and Africa)

 

Browse full table of contents and data tables at http://www.marketstudyreport.com/reports/world-third-party-logistics-3pl-market-opportunities-and-forecasts-2014-2022/

 

WORLD 3PL MARKET BY MODE OF TRANSPORT, 2015 (%)

3PL market by mode of transport, third party logistics industry by roadways, railways, airways and waterways.

Increasing in the trading activities globally due to globalization

Increase in the number of trading activities due to globalization. The major force driving this growth is the growth of global economy and relaxation of trade barriers. Corporations across the world are increasing manufacturing, sourcing, warehousing and distribution at global scale making their supply chain complex for them to manage.

WORLD TRADE ACTIVITIES, 2009-2015 ($MILLION)

3PL market world trade activities, third party logistics industry trading activities.

Increase in the focus of manufactures and retailers on core competencies

Increasing focus of retailers and manufacturers on their core business to promote the respective specialisation in production and distribution is increasing sub contracting activities such as logistics.

Different countries policies and regulations differs

Awareness about rules and regulations of different countries is difficult to maintain. Therefore, 3PL service providers having more awareness about policies and regulations make their work easy which increases their efficiency.

Evolution of e-commerce industry

Increase in the technological advancement has led to the growth of e-commerce industry around the globe. Many e-commerce service providers have expanded their services by integrating shipping service with public and contract warehousing as well as freight management.

Increase in Reverse logistics operations

Increase in demand for repairs, re-manufacturing, returns etc have increased over a period of time as a result of which manufactures and retailers are not able to cope up effectively with reverse logistics. Therefore, they outsource to 3PL service providers to effectively and efficiently provide this service.

Reduction in control on logistics service
Manufactures rely on core competencies, reliability and honesty of 3PL service providers and its staff. Mode of communication between manufacturer and 3PL service provider remains through phone or e-mail.

Risk in potential loss of reputation

As there is no direct control over the logistics service, it is difficult to keep check on service provider. Any delay or damage from their side will create negative impact on customers about the manufacturer as they have placed order with the manufactures, so they find that its sole responsibility of manufacturer to deliver the quality order they placed.

Some of the key players in 3PL market at global stage are DHL, United Parcel Service, FedEx Corporation, Maersk Logistics, DB Schenker, Kuehne+Nagel Inc., NYK logistics, Panalpina World Transport Ltd., Union Pacific Corporation and BNSF Railway Company

 

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Key benefits of the study

Comprehensive analysis of the current and the future trends in the global 3PL market have been provided in this report
Geographically the global market is analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA
In depth analysis has been done in this report by constructing market estimations for the key market segments from2014-2022
This report provides the quantitative analysis of the current market and estimations through 2014-2022, which assists in identifying the prevailing market opportunities
Porters five forces analysis is performed on 3PL services highlighting the factors which might affect the present and future market of 3PL companies
Competitive intelligence of leading providers of 3PL services helps in understanding the competitive scenario across the geographies.
THIRD PARTY LOGISTICS (3PL) MARKET SEGMENTS

The market is segmented on the basis of service type.

MARKET BY MODE OF TRANSPORT

Roadways
Railways
Airways
Waterways
Market By Service Type

Dedicated Contract Carriage (DCC)
Domestic Transportation Management
International Transportation Management
Warehousing and Distribution
Others (IT services and Logistics Software)

 

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