Third-Party Logistics (3PL) firm is an external supplier that perform company’s logistics function. It encompasses providers of services such as transportation, warehouse, financial and so on. 3PL can go beyond logistics and distribution and can provide specific services such as inventory management, freight payment, order processing and packaging of products.
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Increase in e-commerce industry and reverse logistics operations are the major drivers which help in surging the growth of third-party logistics market whereas loss of direct control on the logistics service may act as a restraining factor for this market. Advanced software and smart devices for carrying out effective supply chain operation will add new opportunities for this market in the forecast period.
The “Global Third-Party Logistics Market Analysis to 2025” is a specialized and in-depth study of the third-party logistics industry with a focus on the global market trend. The report aims to provide an overview of global third-party logistics market with detailed market segmentation by solutions, mode of transportation, services and geography. The global third-party logistics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global third-party logistics market based on solutions, mode of transportation and services. It also provides market size and forecast till 2025 for overall third-party logistics market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
Also, key third-party logistics market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are Sinotrans (HongKong) Logistics Co., Ltd., UPS Supply Chain Solutions, XPO Logistics, Inc., DB Schenker, DHL Supply Chain, Nippon Express Co., Ltd., FedEx Corporation, J.B. Hunt Transport, Inc., Kuehne + Nagel Inc and Expeditors International of Washington, Inc. among others.
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