Dallas, May 28, 2021 (GLOBE NEWSWIRE) -- Third-party Logistics is the process by which a provider outsources storage and delivery functions. Inventory storage, cross-docking, door-to-door shipping, and package wrapping are all things that a 3PL business should offer. Due to the advancement of the e-commerce sector, the demand for 3PL services is projected to expand significantly. Furthermore, demand for this service is projected to rise in the coming future as suppliers and retailers concentrate more on their core market (known as core competencies) and subcontracting operations, such as Logistics, in which they lack experience. As a result of the increased rivalry, manufacturers' attention has shifted to promoting respective specializations in distribution and manufacturing.
The rise of globalization has helped in the creation of a multinational network of manufacturing operations. In order to keep things going smoothly, demand for third-party Logistics services is likely to rise. Furthermore, the use of 3PL services is anticipated to grow over the predicted period as supply chain performance growing in terms of reliability and cost, thanks to the managerial and IT expertise of 3PL firms.
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Similarly, the globalization of the e-commerce market and an increase in reverse Logistics activities are driving the global 3PL sector forward. The lack of direct control over the Logistics service, as well as the risk of losing prestige, are the most significant factors limiting the market's growth. Globalization is fueled by dynamic business dynamics and improvements in the global economy. As a result of increased globalization, various trade-related practices have increased. As a result, dealers and suppliers struggle to keep track of these events in a timely fashion. 3PL organizations assist these manufacturers in keeping track of and controlling these operations. The competition is supposed to be driven by this trend.
The expansion of the overseas sector is a major force driving the 3PL industry forward. 3PL offerings are becoming more important for price-conscious consumers who demand a larger selection of high-quality goods delivered on schedule. As a result, the expansion of the 3PL sector is fueled by a rise in trade practices as a result of globalization.
Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):
Asset Based Type
Non-asset Based Type
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
Sinotrans
COSCO Shipping Logistics
China Merchants Logistics
China National Materials Storage and Transportation Corporation
Beijing Changjiu Logistics
China Shipping Logistics
Tianjin DTW Logistics
Qingdao Haier Logistics
Annto Logistics
Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):
Automobile
Pharmaceutical
Cold-chain Third-party Logistics
Others
In the industry, there has been an increase in suppliers and distributors focusing on their main sector and subcontracting operations, such as manufacturing, where they have less experience. The aim is to encourage manufacturing and Logistics specialists to specialize in their fields. By balancing the demands of numerous customer shippers through shipping and delivery roles, 3PL businesses may make greater use of transportation properties, resulting in economies of scale. Supply chains get longer and more diverse as a result of off-shoring and outsourcing.
Third-party Logistics service providers are in charge of some of the most important aspects of the market, including customs administration, delivery, and order fulfillment. Their error is likely to damage the manufacturer's brand and client relationships. If a 3PL service provider fails to execute an order on schedule, the production firm's creditworthiness suffers, and customers' confidence in the company suffers as a result. This factor is likely to restrict the global 3PL market's expansion.
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Table of Content
1 Industry Overview
1.1 Third-party Logistics (3PL) Industry
Figure Third-party Logistics (3PL) Industry Chain Structure
1.1.1 Overview
1.1.2 Development of Third-party Logistics (3PL)
1.1.3 China is the world largest third-party logistics market
1.2 Market Segment
1.2.1 Upstream
Table Upstream Segment of Third-party Logistics (3PL)
1.2.2 Downstream
Table Application Segment of Third-party Logistics (3PL)
Table Global Third-party Logistics (3PL) Market 2015-2025, by Application, in USD Million
1.3 Cost Analysis
2 Industry Environment (PEST Analysis)
2.1 Policy
2.2 Economics
2.3 Sociology
2.4 Technology
3 Third-party Logistics (3PL) Market by Type
3.1 By Type
3.1.1 Asset Based Type
Table Major Company List of Asset Based Type
3.1.2 Non-asset Based Type
Table Major Company List of Non-asset Based Type
3.2 Market Size
Table Global Third-party Logistics (3PL) Market 2015-2019, by Type, in USD Million
Figure Global Third-party Logistics (3PL) Market Growth 2015-2019, by Type, in USD Million
3.3 Market Forecast
Table Global Third-party Logistics (3PL) Market Forecast 2020-2025, by Type, in USD Million
4 Major Companies List
4.1 Sinotrans (Company Profile, Sales Data etc.)
4.1.1 Sinotrans Profile
Table Sinotrans Overview List
4.1.2 Sinotrans Products & Services
4.1.3 Sinotrans Business Operation Conditions
Table Business Operation of Sinotrans (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
4.2 COSCO Shipping Logistics (Company Profile, Sales Data etc.)
4.2.1 COSCO Shipping Logistics Profile
Table COSCO Shipping Logistics Overview List
4.2.2 COSCO Shipping Logistics Products & Services
4.2.3 COSCO Shipping Logistics Business Operation Conditions
Table Business Operation of COSCO Shipping Logistics (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
4.3 China Merchants Logistics (Company Profile, Sales Data etc.)
4.3.1 China Merchants Logistics Profile
Table China Merchants Logistics Overview List
4.3.2 China Merchants Logistics Products & Services
4.3.3 China Merchants Logistics Business Operation Conditions
Table Business Operation of China Merchants Logistics (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
4.4 China National Materials Storage and Transportation Corporation (Company Profile, Sales Data etc.)
4.4.1 China National Materials Storage and Transportation Corporation Profile
Table China National Materials Storage and Transportation Corporation Overview List
4.4.2 China National Materials Storage and Transportation Corporation Products & Services
4.4.3 China National Materials Storage and Transportation Corporation Business Operation Conditions
Table Business Operation of China National Materials Storage and Transportation Corporation (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
4.5 Beijing Changjiu Logistics (Company Profile, Sales Data etc.)
4.5.1 Beijing Changjiu Logistics Profile
Table Beijing Changjiu Logistics Overview List
4.5.2 Beijing Changjiu Logistics Products & Services
4.5.3 Beijing Changjiu Logistics Business Operation Conditions
Table Business Operation of Beijing Changjiu Logistics (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
4.6 China Shipping Logistics (Company Profile, Sales Data etc.)
4.6.1 China Shipping Logistics Profile
Table China Shipping Logistics Overview List
4.6.2 China Shipping Logistics Products & Services
4.6.3 China Shipping Logistics Business Operation Conditions
Table Business Operation of China Shipping Logistics (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
4.7 Tianjin DTW Logistics (Company Profile, Sales Data etc.)
4.7.1 Tianjin DTW Logistics Profile
Table Tianjin DTW Logistics Overview List
4.7.2 Tianjin DTW Logistics Products & Services
4.7.3 Tianjin DTW Logistics Business Operation Conditions
Table Business Operation of Tianjin DTW Logistics (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
4.8 Qingdao Haier Logistics (Company Profile, Sales Data etc.)
4.8.1 Qingdao Haier Logistics Profile
Table Qingdao Haier Logistics Overview List
4.8.2 Qingdao Haier Logistics Products & Services
4.8.3 Qingdao Haier Logistics Business Operation Conditions
Table Business Operation of Qingdao Haier Logistics (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
4.9 Annto Logistics (Company Profile, Sales Data etc.)
4.9.1 Annto Logistics Profile
Table Annto Logistics Overview List
4.9.2 Annto Logistics Products & Services
4.9.3 Annto Logistics Business Operation Conditions
Table Business Operation of Annto Logistics (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
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