Market highlight
Market Research Future published a raw research report on theglobal third-party logistics marketthat contains the information from 2020–2026. The global third-party market size is anticipated to register a CAGR of ~7.5% between 2020 and 2026 and reach an approximate value of USD 1600 billion in 2026.
Third-Party Logistics Market is projected to be worth USD 1,893.72 billion by 2027, registering a CAGR of 8.4% during the forecast period (2021 - 2027), The market was valued at USD 921.49 billion in 2020.
By all projections the expansion of the market is phenomenal. Several market factors affect the third-party logistic market. The third-party market is a by-product of the core manufacturing industries. This market almost entirely depends on the technology, distribution channels, and the status of the manufacturing market.
The global third-party logistics market size is anticipated to register a CAGR of ~7.5% between 2020 and 2026 and reach an approximate value of USD 1600 billion in 2026.
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Industry News
- In March 2021, CEVA Logistics and Berkshire Grey implemented AI-enabled robotic automation systems into CEVA's supply chain operations in Canada to facilitate maximum distribution center capacity, optimize throughput and accelerate fulfillment processes
- In March 2021, DB Schenker leveraged its in-house IT innovation to secure more efficiency and less empty space on all transport modes. With the new BinPACKER algorithm, DB Schenker logistics can now optimize the load-planning process to stack differently sized objects, making perfect use of limited space.
In 2019, the Domestic Transportation segment helda significant market share: MRFR
Based on mode of transport, the global Third-Party Logistics (3PL) market is segmented into Railways, Roadways, Waterways, and Airways. The roadways segment accounted for a significantly large share in the global market owing to the growth of the retail industry.
The global Third-Party Logistics (3PL) market has been segmented based on service, mode of transport, application, and region. Based on service, the global market is divided into Domestic Transportation, International Transportation, Value-added Warehousing and Distribution, and Others. The domestic transportation segment is anticipated to hold a significant market share.
Based on region, the Third-Party Logistics (3PL) market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific dominated the Third-Party Logistics (3PL) market in 2019. Consistently developing infrastructural activities have supported the product growth in the region.
Based on application, the global Third-Party Logistics (3PL) market is segmented into Manufacturing, Retail, Healthcare, Automotive, and Others. The manufacturing segment accounted for a significantly large share globally due to substantial growth in the construction industry.
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Key industry participants in the Third-Party Logistics (3PL) industry include C.H. Robinson Worldwide (United States), BDP International, Inc. (United States), Burris Logistics (United States), CEVA Logistics (Switzerland), DSV Panalpina A/S (Denmark), DB Schenker Logistics (Germany), FedEx Corporation (United States), J.B. Hunt Transport Services, Inc. (United States), Kerry Logistics (Hong Kong), Nippon Express (Japan), DB Schenker (Germany), DHL (Germany), and Agility Logistics (Kuwait)
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging and high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global third-party market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing and cost analysis.
Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Capacity Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
Continued………
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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