Dublin, Aug. 11, 2021 (GLOBE NEWSWIRE) -- The "Third Party Logistics Market to 2027 - COVID-19 Impact and Analysis and Forecast by Mode of Transport, Services, and End User" report has been added to ResearchAndMarkets.com's offering.
According to this report the market is expected to reach US$ 1,329.4 billion by 2027, registering a CAGR of 4.2% during 2020-2027.
In North America, the development of 3PL is majorly influenced by the factors such as time, cost, increased internationalization, competition, virtual organization, and high consumer awareness. DHL Supply Chain North America, XPo Logistics, Ryder Supply Chain Solutions, GEODIS North America, and Americold are among the major third party logistics providers in North America. Amongst them, in 2017, DHL Supply Chain in North America had 673 warehouses with 119 million square feet capacity. However, it is found that, the leading 3PL providers in North America have to deal with overcapacity and underutilization of their physical and human resources. The factors such as service integration, data management, expansion of service offerings, and inclination towards offering flexible solutions to customers are expected to create a substantial growth opportunity to the industry players in the North American 3PL market.
Third party logistic (3PL) firms have diversified resource network which help core companies to expand quickly and efficiently in a costoeffective manner. Depending on the needs of core companies, 3PL possess the capability to scale labor, space, and transportation needs irrespective of the fluctuation in inventory. 3PL firms deliver adequate resources and flexibility in services even in case of seasonal inventory or new product release. Many of the businesses experience seasonal fluctuation in customer demand and it is essential to handle such swings in business in order to maintain efficiency in operations. 3PL helps seasonal businesses to benefit from smoother transition between market lows and highs with utilizing more warehouse space and logistic resources. 3PL service providers manage company's warehousing, distribution, and fulfillment services that helps company's resources to manage seasonal swings.
Moreover, the growing e-commerce industry is propelling the growth of logistics. According to the World Bank, the North American logistics sector is highly developed scoring 3.89 in the LPI index of 2018. With the growing e-commerce industry in the US, DHL recently announced its plans to open innovation center near Chicago dedicated for the development of new tools to handle the acceleration in e-commerce demand.
Key findings of the study:
Third party logistics offer wide-range services from production to distribution and aftermarket services. The companies operating in global third party logistics market provide standardized warehousing, transport, and other value-added services in order to form a customized supply chain solution. For instance, the third party logistics services include planning, production activities, sourcing, packaging, aftermarket services, and repairs, among others. Major players operating in the third party logistics market are inclined towards applying standardized solutions and operations backed up by leading supply chain providers in order to meet the customer's quality expectations. The trend of outsourcing logistics and demand for value-added logistics services are expected to grow in near future. Moreover, demand for supply chain services is expected to increase in rapidly growing economies.
Swift growth of manufacturing industry along with their focus laid on core competencies, burgeoning needs for achieving cost efficiency, task optimizations and technological integrations pertaining to supply chain activities, and benefits in managing seasonal variations of products are projected to drive the third party logistics market during the forecast period. However, regional diversities and the complex nature of supply chain may negatively impact the growth of the market in near future. Moreover, the factors such as unprecedented growth rate of the e-commerce sector, focus on risk management in the supply chains, and increasing collaborations among companies are projected to generate remarkable growth opportunity to the industry players.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Third Party Logistics market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to mode of transport, end-user, service, organization size, and end-users.
Key Topics Covered:
1. Introduction
2. Global Party Logistics Market - Key Takeaways
3. Third Party Logistics Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Global Third Party Logistics Market - By Mode of Transport
3.2.2 Global Third Party Logistics Market - By Services
3.2.3 Global Third Party Logistics Market - By End User
3.2.4 Global Third Party Logistics Market - By Geography
3.3 PEST Analysis
3.3.1 North America PEST Analysis
3.3.2 Europe PEST Analysis
3.3.3 Asia Pacific PEST Analysis
3.3.4 Middle East & Africa PEST Analysis
3.3.5 South America PEST Analysis
4. Third Party Logistics Market - Key Industry Dynamics
4.1 Key Market Drivers
4.1.1 Rise in demand for reducing overall operational cost and focus on managing timely delivery
4.1.2 Inclination of manufacturing companies on reducing assets and emphasize on core business
4.1.3 Benefits in managing seasonal variations of products
4.2 Key Market Restraints
4.2.1 Lesser control of manufacturer on logistics service and delivery processes
4.3 Key Market Opportunities
4.3.1 Increase in adoption of e-commerce in retail sector
4.4 Future Trends
4.4.1 Implementation of several software solutions
4.5 Impact Analysis Of Drivers And Restraints
5. Third Party Logistics Market - Global Market Analysis
5.1 Third Party Logistics Market - Global Market Overview
5.2 Third Party Logistics Market - Global Market And Forecast To 2027
6. Third Party Logistics Market Revenue And Forecasts To 2027 - Mode Of Transport
6.1 Overview
6.2 Mode Of Transport Market Forecasts And Analysis
6.3 Roadways
6.3.1 Overview
6.3.2 Roadways third party logistics market forecasts and analysis
6.4 Railways
6.4.1 Overview
6.4.2 Railways third party logistic market forecasts and analysis
6.5 Waterways
6.5.1 Overview
6.5.2 Waterways third party logistics market forecasts and analysis
6.6 Airways
6.6.1 Overview
6.6.2 Airways third party logistics market forecasts and analysis
7. Third Party Logistics Market Revenue And Forecasts To 2027 - By Service
7.1 Overview
7.2 Service Market Forecasts And Analysis
7.3 International Transportation
7.3.1 Overview
7.3.2 International transportation market forecasts and analysis
7.4 Warehousing
7.4.1 Overview
7.4.2 Warehousing market forecasts and analysis
7.5 Domestic Transportation
7.5.1 Overview
7.5.2 Domestic transportation market forecasts and analysis
7.6 Inventory Management
7.6.1 Overview
7.6.2 Inventory management market forecasts and analysis
7.7 Others
7.7.1 Overview
7.7.2 Others market forecasts and analysis
8. Third Party Logistics Market Revenue And Forecasts To 2027 - By End-User
8.1 Overview
8.2 End-User Market Forecasts And Analysis
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive market forecasts and analysis
8.4 Healthcare
8.4.1 Overview
8.4.2 Healthcare market forecasts and analysis
8.5 Retail
8.5.1 Overview
8.5.2 Retail market forecasts and analysis
8.6 Consumer Goods
8.6.1 Overview
8.6.2 Consumer goods market forecasts and analysis
8.7 Others
8.7.1 Overview
8.7.2 Others market forecasts and analysis
9. Global Third Party Logistics - Geographical Analysis
10. Industry Landscape
10.1 Merger & Acquisitions
10.2 Market Initiatives
10.3 New Developments
11. Competitive Landscape
11.1 Competitive Product Mapping
11.2 Market Positioning - Global Top 5 Players Ranking
12. Industry Landscape
12.1 Market Initiative
13. Global Third Party Logistics Market- Key Company Profiles
13.1 Sinotrans Limited
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Financial Overview
13.1.4 SWOT Analysis
13.1.5 Key Developments
13.2 Db Group
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Financial Overview
13.2.4 SWOT Analysis
13.2.5 Key Developments
13.3 Deutsche Post Ag
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Financial Overview
13.3.4 SWOT Analysis
13.3.5 Key Developments
13.4 Geodis
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Financial Overview
13.4.4 SWOT Analysis
13.4.5 Key Developments
13.5 United Parcel Service, Inc. (Ups)
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Financial Overview
13.5.4 SWOT Analysis
13.5.5 Key Developments
13.6 XPO Logistics, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Financial Overview
13.6.4 SWOT Analysis
13.6.5 Key Developments
13.7 Kuehne + Nagel International Ag
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Financial Overview
13.7.4 SWOT Analysis
13.7.5 Key Developments
13.8 C.H. Robinson Worldwide, Inc.
13.8.1 Key Facts
13.8.2 1.1.2 Business Description
13.8.3 Financial Overview
13.8.4 SWOT Analysis
13.8.5 Key Developments
13.9 Dsv A/S
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Financial Overview
13.9.4 SWOT Analysis
13.9.5 Key Developments
13.10 Nippon Express Co., Ltd.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Financial Overview
13.10.4 SWOT Analysis
13.10.5 Key Developments
14. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/igy72l
