Global Third-Party Logistics Market Segmentation, Demand and Supply Trends 2020-2026
Summary - A new market study, titled “Global Third-Party Logistics Market- By Services (Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing & Distribution (W&D), Value Added Logistics Services (VALs)), By Transportation (Roadways, Railways, Waterways), By End-Use (Manufacturing, Retail, Healthcare, Automotive, Others) and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.
“has been featured on WiseGuyReports.
The Global Third-party logistics market is
spurring the market growth in the wake of making safely and timely delivering
of goods
The global third-party logistics market has
the potential to grow with USD 1785.24 billion with bolstering CAGR in the
forecast period from 2020-2027. The integration model of the third-party
logistics information platform ushered in a great opportunity for development.
Also, emerging globalization, industrialization, and the prevalence of the
internet are propelling the demand for the 3PL market.
The essence of logistics services is to
create a third profit source by reducing logistics costs. The service objects
of third-party logistics are numerous enterprises and goods. The third-party
logistics service providers gather many scattered products, process a large
amount of logistics information through the information technology system,
coordinate and optimize the distribution route, and effectively reduce the
vehicle empty load rate.
Third-party logistics has the
characteristics of contractualization, and it regulates the relationship
between logistics operators and logistics consumers through the form of
contracts. The demand for third-party logistics includes not only the
traditional logistics essential functions such as warehousing and
transportation but also for various value-added services. The need for 3PL can
help maintain the balance between supply and demand of 3PL and improve the efficiency
and benefit of social logistics activities.
Services overview in the Global Third-Party
Logistics Market
Based on the services, the global
third-party logistics market classified into Dedicated Contract Carriage
(DCC)/Freight forwarding, Domestic Transportation Management (DTM),
International Transportation Management (ITM), Warehousing & Distribution (W&D),
Value Added Logistics Services (VALs). The domestic transportation management
segment has captured the highest market value in the global third-party
logistics market in the forecast period from 2020-2027. It mainly owes to
reduce the cost and advancement of traditional logistics model co-existence.
Also, emerging high-end logistics needs and urging demand for third-party
logistics is improving the market demand for the global 3PL market.
Transportation overview in the Global
Third-Party Logistics Market
Based on the transportation, the global
third-party logistics market segmented into Roadways, Railways, Waterways. The
roadways segment is dominating the market demand for the global third-party
logistics market. The rising development of infrastructure and increasing
construction of highways and strengthening approaches for modern logistics are
driving the market demand for third-party logistics. Moreover, the government
spending lots of capital in development roads, and other transportation means
are also propelling the market demand for the global third-party logistics
market.
End-Use overview in the Global Third-Party
Logistics Market
Based on the end-use, the global
third-party logistics market categorized into Manufacturing, Retail,
Healthcare, Automotive, Others. The retail sector is capturing the largest
share in the global third-party logistics market and will continue to bolster
its market demand in the forecast period from 2020-2027. It is mainly owing to
the changing customer needs and requirements of the customer; retailers are
adopting a new logistics approach to provide better services. Therefore, the
adoption of a data-driven solution helps in designing new strategies for the
distribution of goods and reducing costs and helps in making fast deliveries.
Region Overview in the Global Third-Party
Logistics Market
Based on geography, the global third-party
logistics market segmented into North America, Europe, Asia Pacific, South
America, and Middle East & Africa. The Asia Pacific expected to hold the
largest share of the global stucco market. It is mainly owing to emerging
industrialization, globalization, and ushering investing in construction roads
and other transportation that have fueled the market demand for the global
third-party logistics market.
Global Third-Party Logistics Market:
Competitive Landscape
Companies in the global third-party logistics market include C.H. Robinson Worldwide, Inc., DB Schenker, DHL International GMBH, FedEx Corporation, KUEHNE+NAGEL Inc., Maersk, Nippon Express, Panalpina World Transport Ltd., Union Pacific Railroad, United Parcel Service and others.
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