New York, 11, June 2019: Polaris Market Research presents a most
up-to-date research on "Third
Party Logistics Market Share, Size, Trends, Industry Analysis
Report By Service (Dedicated Contract Carriage, Domestic Transportation
Management, International Transportation Management, Warehousing and
Distribution, Others); By Mode of Transport (Roadways, Railways, Waterways,
Airways); By End-User (Retail, Manufacturing, Healthcare, Others); By Regions,
Segments & Forecast, 2018 - 2026" The Global Third Party Logistics Market is anticipated to reach
around USD 1,260 billion by 2026 according to a new market research report by
polaris market research.
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this research report @ https://www.polarismarketresearch.com/industry-analysis/third-party-logistics-market/request-for-sample
The retail segment dominated the
global third party logistics market in 2017. In 2017, Asia-Pacific accounted
for the majority share in the global third party logistics market.
The rise in global trading with
respect to e-commerce and retail has led to an increase in the third party
logistics market. Advantages offered by 3PL, such as lesser time taken to
complete the process, cost and reliability, has encouraged businesses to invest
in it to increase overall efficiency and profitability. Outsourcing logistics
operations enables manufacturers and retailers to focus on core competencies.
Digitalization and integration of IT software and solutions coupled use of
reverse logistics and multi-modal transportation is expected to offer growth
opportunities during the forecast period.
However, factors such as high
initial investment to setup the warehouses, initiate staffing activities,
investment in IT and monitoring services and actual delivery solutions might
hinder market growth to a certain extent.
Browse Complete
summary of this report with TOC on “Third Party Logistics Market by Application
and End User – Global Industry Analysis and Forecast to 2026” at: https://www.polarismarketresearch.com/industry-analysis/third-party-logistics-market
In 2017, Asia-Pacific accounted
for the highest share in the global third party logistics market. The growing
demand for e-commerce in the region, and rising need for efficient logistics
operations across various industries would accelerate the demand for third party
logistics services during the forecast period. The increasing economic growth,
and increasing demand from countries such as China and India further increases
the adoption of Third Party Logistics in the region to also accelerate the
market growth during the forecast period. Expansion of global players into
these countries to tap market potential boosts the market growth. The
increasing disposable income, and improving living standards boost the growth
of industries such as retail, automotive, and manufacturing, thereby supporting
market growth in the region.
The major players operating in
the third party logistics market include FedEx Corporation, Union
Pacific Corporation, Kuehne+Nagel Inc., BNSF Railway Company, AmeriCold
Logistics, LLC, Landstar System, Inc., Ryder System, Inc., Burris Logistics, DB
SCHENKER Logistics, CEVA Logistics.
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Key Segments:
Third Party Logistics Market Size and Forecast by Service, 2018-2026
·
Key Findings
·
Dedicated Contract Carriage
·
Domestic Transportation Management
·
International Transportation Management
·
Warehousing and Distribution
·
Others
Third Party Logistics Market Size and Forecast by Mode of
Transportation, 2018-2026
·
Key Findings
·
Roadways
·
Railways
·
Waterways
·
Airways
Third Party Logistics Market Size and Forecast by End-User, 2018-2026
·
Key Findings
·
Retail
·
Manufacturing
·
Healthcare
·
Others
Third Party Logistics Market Size and Forecast by Region, 2018-2026
·
North America [U.S., Canada]
·
Europe [Germany, UK, France, Italy, Spain,
Belgium, Netherlands, Rest of Europe]
·
Asia-Pacific [China, India, Japan, South Korea,
Singapore, Malaysia, Rest of Asia-Pacific]
·
Latin America [ Brazil, Mexico, Argentina, Rest
of Latin America]
·
Middle East and Africa [Israel, South Africa,
Saudi Arabia, UAE, Rest of MEA]
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