Third party logistics (3PL) involves the use of third party services for outsourcing activities with regards to logistics and distribution. 3PL providers specialize in combining operations, warehousing, transportation services, cross-docking, inventory management, packaging, and freight forwarding.
Research Beam published a report, “Global Third Party Logistics (3PL) Market - Opportunity and Forecast, 2016 - 2025,” which says that the market is expected to grow at a CAGR of 4.88% from 2018 to 2025.
These services are customized according to the needs of customers. These services are not only confined to logistics, but also incorporate value-added services related to production and other services that integrate parts of the supply chain.
3PL services help companies provide services across remote areas at a lower cost by hiring third party agencies rather than offering services themselves.
Market Drivers and Restraints:
The report provides a thorough analysis of the drivers and restraints affecting the growth of the global third party logistics market. Factors such as focus of companies on core businesses, reduced shipping cost, optimized transportation costs, and increased freight rates are contributing to the overall market growth.
In addition, the advent of e-commerce platforms and advancements in technology are likely to present new opportunities to the industry players. On the other hand, changing freight rates and sluggish economic growth limit the market growth.
The report offers a detailed analysis of the 3PL market based on its segmentation. The market is segmented by mode of transport, service type, and geography.
Based on the mode of transport, the market is segmented into waterways, roadways, railways, and airways. Based on the service type, the market is classified into dedicated contract carriage, international transportation management, domestic transportation management, software, and warehousing & distribution.
Based on geography, the third party logistics market is analyzed across four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. The market study in North America covers the U.S., Canada, and Mexico.
The market analysis in Europe covers Germany, UK, Russia, France, Spain, Italy, Poland, and other parts of Europe. The analysis in Asia-Pacific covers China, Japan, India, Australia, South Korea, New Zealand, Indonesia, and the rest of Asia-Pacific.
The study in LAMEA covers Brazil, Argentina, Saudi Arabia, South Africa, UAE, and others.
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By Mode of Transport
By Service Type
- Dedicated contract carriage
- International transportation management
- Domestic transportation management
- Warehousing & distribution
- North America
- South Korea
- New Zealand
- Saudi Arabia
- South Africa
Key Market Players:
The study includes a mention of the emerging market players who have adopted different strategies such as expansion, collaboration, partnership, joint venture, merger & acquisition, and others to strengthen their position in the market and survive the intense competition existing in the industry. The key market players profiled in the report include Kuehne & Nagel, Expeditors International, UPS Supply Chain Solutions, Deutsche Post DHL, J.B.
Hunt, Americold, BDP International, Burris Logistics, C.H. Robinson Worldwide, CEVA Logistics, FedEx, and GENCO.
Key Benefits of the Report:
The report offers an in-depth analysis of the third party logistics industry, which encompasses the 3PL market size, 3PL market share, market dynamics, Porter’s Five Forces analysis, research methodology, emerging market players, key industry segments, 3PL market trends, and information about the major competitors. An extensive primary and secondary research methodology has been used to gather and validate the information in the report.
The 3PL industry statistics and graphs add credibility to the data in the report. The third party logistics market size helps determine where the market is and where it is going.
The market dynamics help understand the factors that make the market grow or slow down. The Porter’s Five Forces Analysis includes the five forces that determine the level of competition within the global 3PL industry and the profitability of the market.
It includes the bargaining power of buyers and suppliers, threat of new entrants, threat from substitutes, and industry rivalry. The third party logistics industry forecast (2018-2025) is provided in the report for the all the segments and geographical regions mentioned.
This information is based on the past and current market trends. The report also includes the historic market size from 2014 - 2017 for each segment and region.
The report offers important details about the leading industry players operating in the market. Such information assists players, new entrants, and investors gain insights into the overall competitive structure and accordingly plan their business ventures to achieve success.
The market studied across several regions helps in identifying the opportunities offered by the market.
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