Global Third Party Logistics Market Size and Forecast To 2025
Global Third Party Logistics Market Analysis
According to Verified Market Intelligence, the Global Third Party Logistics Market was valued at USD 861 Million in 2017 and is projected to reach USD 1473.28 Million by 2025, growing at a CAGR of 7.0% from 2018 to 2025.
What is Third Party Logistics?
Third Party Logistics is defined as the firm that offers outsourced logistics services for use by customers. These firms consists of anything that involves management of one or more parts of procurement and fulfillment activities. The third party logistics can be a single provider, such as transportation or warehouse storage, or it can be a systemwide bundle of services that are capable of handling supply chain management. These firms are capable of providing specialized services such as inventory management, cross-docking, door-to-door delivery, and packaging of products. Growing e-commerce industry have stimulated the growth of third party logistics market.
Global Third Party Logistics Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Advent of Big Data, availability of industry-specific logistics services, rising globalization followed by growing e commerce sector have been driving the global third party logistics market. On the other hand, loss of direct control on the logistics service and potential loss of reputation might hinder the overall growth at a global level.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Third Party Logistics Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.
Global Third Party Logistics Market Competitive Landscape
The “Global Third Party Logistics Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as DHL, United Parcel Service, FedEx Corporation, Maersk Logistics, DB Schenker, Kuehne+Nagel Inc., NYK logistics, Panalpina World Transport Ltd., Union Pacific Corporation, and BNSF Railway Company. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Third Party Logistics Market Segmentation, by Mode of Transport
Global Third Party Logistics Market Segmentation, by Service Type
• Dedicated Contract Carriage (DCC)
• Domestic Transportation Management
• International Transportation Management
• Warehousing & Distribution
Global Third Party Logistics Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
Research Methodology of Verified Market Intelligence:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post sales analyst support
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