London, May 15, 2023 (GLOBE NEWSWIRE) -- Evolving consumer behavior has compelled businesses to strive for creating exceptional delivery experiences for an edge over competition. While stellar expansion of the e-Commerce industry has been an excellent booster to the third-party logistics sector, the COVID-19 pandemics has been indubitably a gamechanger for 3PL service providers. Now that the demand shows no signs of a slowdown anytime soon, the global third-party logistics market is all set for a bullish outlook in the long term.
In a new study, Fairfield Market Research intends to provide an insightful analysis of the global third-party logistics industry to reveal how the growth will unfold in the next few years. Deepening technology penetration, especially in form of automation and robotics, will heighten the market outlook to a significant extent, shows research. With several innovative delivery models emerging popular, the market is upbeat in line with the retail industry’s expansion. Growth of e-Commerce especially bring in an influx of opportunities, says the report.
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Insights into Segmentation Analysis
The manufacturing and logistics sectors are largely interdependent. In addition to the profound involvement of supply and distribution partners, the manufacturing industry also has a keen nose when it comes to vendor and inventory management, supply chain visibility, customer services, and business process development. 3PL service providers facilitate operations for the industry operators, which promises incessant demand generation from the manufacturing sector that currently accounts for a significant revenue share of the third-party logistics market. Retail also represents one of the key market segments as logistics remains the cornerstone of retailing, especially the thriving e-tailing sector.
Insights into Regional Analysis
Asia Pacific, as the preliminary market research suggests, has the most enabling environment for the third-party logistics market to flourish. Exceptionally high population, growing consumer affluence, mounting inclination toward online shopping, rampant e-Commerce expansion, sharp rise in trading activities, notable pace of technology proliferation, and cheaper labor availability collectively create a strong breeding ground for 3PL service providers.
Asian markets will most likely continue contributing the largest revenue shares to the overall market valuation. An advantage in terms of better resource availability, and the thriving manufacturing sector will further unlock business opportunities in the region. Rapid developments in packaging and distribution sectors are also likely to work to the advantage of Asia Pacific’s third-party logistics industry. The market here is expected to significantly gain from logistics, transportation, and infrastructural developments.
Leaders in Global Third-party Logistics Space
The report would shed light on some of the major players driving the competition landscape of the global third-party logistics market to reveal their major strategic developments, financial profiles, and competitive information. Some of the potential players that would be covered under this report section include DHL Group, Burris Logistics, Nippon Express, Kuehne + Nagel Inc., BDP International, XPO Logistics Inc., Ceva Logistics, and UPS.
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Global Third-party Logistics Market is Segmented as Below:
By Service
- Dedicated Contract Carriage (DCC)/Freight forwarding
- Domestic Transportation Management (DTM)
- International Transportation Management (ITM)
- Warehousing & Distribution (W&D)
- Value Added Logistics Services (VALs)
By Transport
- Roadways
- Railways
- Waterways
- Airways
By End Use Industry
- Manufacturing
- Retail
- Healthcare
- Automotive
- Others
By Region
- North America
- Europe
- Asia Pacific
- LAMEA
Key Elements Included In The Study: Global Third-party Logistics Market
- Third-party Logistics Market by Product/Technology/Grade, Application/End-user, and Region
- Executive Summary (Opportunity Analysis and Key Trends)
- Historical Market Size and Estimates, Value, 2019 - 2022
- Market Value at Regional and Country Level, 2023 - 2030
- Market Dynamics and Economic Overview
- Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
- Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies
- Regional and Product/Grade/Application/End-user Price Trends Analysis
- Value Chain and Five Force’s Analysis
- Regional/Sub-region/Country Market Size and Trend Analysis
- Company Market Share Analysis and Key Player Profiles
Learn More About the Report Inclusions, and Research Methodology: https://www.fairfieldmarketresearch.com/report/third-party-logistics-market/more-information
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
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