Brooklyn, NY , Aug. 17, 2016 (GLOBE NEWSWIRE) -- This report presents a comprehensive understanding of the 3PL market systems. This study presents an extensive analysis of the market for 3PL and evaluates the market on all the prime attributes. The study also presents a thorough overview of the key factors fuelling as well as impeding the growth of the overall market.
The prime technological developments and opportunities poised to fuel the market in the coming years have been encapsulated under this study. Next, the market attractiveness evaluation and the Porter’s five forces analysis have been presented. The competitive landscape section of the report throws light on the prominent players operating in this market and their key product introductions.
The first section of the report presents an industry overview of 3PL. This section comprises the definition, classification, and specifications of 3PL. It also highlights the size of the 3PL market and its estimated growth in the coming years. 3PL or third-party logistics are outsourced logistic services, which may comprise any kind of services that need an executive control on the movement of resources to their designated areas.
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3PL is used by a number of organizations in order to outsource their logistics and distribution function to a service provider, managing services such as freight, warehousing, transportation, and forwarding. 3PL providers also often offer value-added services including door-to-door delivery, product packaging, inventory management, and cross-docking. The rising demand for 3PL services from the sector of ecommerce is amongst the prime factors fuelling the growth of the global 3PL market.
There are a number of technologies that will help the evolution of the market for 3PL. These technologies are cloud computing, mobile apps, Big Data, 3D printing, the Internet of things (IoT), drone delivery, augmented reality, and driverless vehicles. Amongst these, 3D printing and mobile apps are already being utilized in the 3PL market, while others are still in their testing phase and are poised to be successfully implemented in the coming years.
In terms of logistic services outsourced, the global 3PL market can be segmented into transportation, warehousing and distribution, and other services. Of these, the transportation segment held a significant share in the market in 2015. The increasing number of manufacturing facilities in countries where the labor cost is low and the rising volume of intra-regional trade will provide impetus to the demand for domestic as well as international transportation logistics. Furthermore, the segment of transportation will also be fuelled by the rising infrastructural development and the increasing focus on exports in various nations globally.
Moving further, the geographical segmentation of the market for 3PL has been presented. The state of the market has been studied across North America, Southeast Asia, Europe, India, Japan, and China.
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In the last sections of the report, the key manufacturers operating in the 3PL market have been presented. These manufactures have been analyzed on the basis of their company profile and product specifications. FedEx, TNT, DHL, UPS, Maersk, and APL, among others, are the prime players dominant in the global 3PL market, as per this study.
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