Precedence Research recently published a report on “Third-party Logistics Market (By Service: DTM, ITM, DCC, VALs, and W&D; By Transport: Railways, Roadways, Airways, and Waterways; By End-use: Retail, Manufacturing, Automotive, Healthcare, and Others) – Global Industry Analysis, Size, Share, Growth, Trends Analysis, Regional Outlook and Forecasts, 2021 – 2027”. Amid the COVID-19 crisis, the global third-party logistics market value is projected to reach US$ 1710.58 billion by 2027 from USD 919.12 billion in 2020, rising at a CAGR of 8.3% from 2020 to 2027.
Third-party logistics is a method by which manufacturers outsource their logistics and distribution services. A third-party logistics companies provide various services to its customers that include cross-docking, inventory management, packaging of products, and door-to-door delivery. These companies provide fast supply chain services in cost-effective way. In addition, the outsourcing of supply chain services by the manufacturing companies reduces their shipping & delivery cost, inventory cost, as well as meet the technical requirement that increases their capability to focus more towards the product development and other growth strategies.
Get the Sample Pages of Report for More Understanding@ https://www.precedenceresearch.com/sample/1256
Growth Factors
Rising e-commerce and retail businesses are significantly escalating the demand for third-party logistics. Main factors contributing towards the growth of e-commerce business are changing consumer purchasing behavior, easy availability of the products over internet, no need to go out for shopping in the digital world, and many others. Additionally, growing demand for fast and cost-effective logistics services also aid in the growth of the third-party logistics market. Hence, the market anticipated to witness profound growth over the forecast period.
Apart from this, increasing tilt of manufacturing businesses to outsource their supply chain also provides significant escalation to the third-party logistics market. Earlier, these businesses invest largely on maintaining their supply chain and inventory as they need to manage their logistics from raw material procurement to finished product distribution process. By outsourcing supply chain process, manufacturers are now free from warehouse management, inventory management, and focus more towards their market growth strategies.
However, COVID-19 outbreak in the early 2020 has significantly impacted the global supply chain. The logistics network has also been disrupted due to stringent regulations imposed by the government in order to prevent the rapid spread of virus. Several third-party logistics companies are facing uncertainty for the movement of their goods. In addition, lack of human resource and less working hour have also impacted badly on the third-party logistics market.
| Report Highlights | Details |
| Market Size | US$ 1710.58 Bn by 2027 |
| Growth Rate | CAGR of 8.3% from 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Segments Covered | Service, Transport, End-use |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
| Companies Mentioned | Burris Logistics, CEVA Logistics, DB Schenker Logistics, FedEx Corporation, BDP International, UPS Supply Chain Solutions, Inc., Kuehne + Nagel International AG, J.B. Hunt Transport Services, Inc., Nippon Express Co., Ltd., XPO Logistics, Inc |
Report Highlights
Regional Snapshots
North America led the global third-party logistics market and hold significant share nearly 25.4% in the year 2020. Rise in the domestic and international trade has significantly impacted the third-party logistics market growth in North America region. United States is the front-runner in the North America region and captured nearly 70% of the market revenue. As per World Trade Organization (WTO), merchandise exports to the United States have significantly increased from the year 2017 to 2018. Because of growing trade activities customers are also demanding timely delivery of product and efficient operations of the process.
On the other side, the Asia Pacific exhibits the fastest growth rate over the upcoming years owing several policies for trade liberalization coupled with rapid growth in the manufacturing sector in developing as well as under-developed countries. China, India, South Korea, Japan, and Taiwan are some of the rapidly developing countries in terms of manufacturing, transportation, and industrialization that account to propel the market growth in the region. For instance, the Government of India has set the Logistics Efficiency Enhancement Program (LEEP) for the development of multi-model logistics park.
Key Players & Strategies
The prominent players in the market are more focused to include technological advancements to their services that include route optimization, real time tracking of shipments, and advanced driver assistance systems. These technologies help companies to maintain complete visibility during the entire supply chain.
Moreover, some market players are also highly focused towards inorganic strategies of growth such as merger & acquisition, partnership, regional expansion, and many others. For instance, in August 2019, Panalpina Welt transport Holding AG, a logistics company based at Switzerland was acquired by DSV. This increases the competitive value of the company in the market.
Some of the key players of the market are Burris Logistics, CEVA Logistics, C.H. Robinson Worldwide (CHRW) Inc., DB Schenker Logistics, FedEx Corporation, BDP International, UPS Supply Chain Solutions, Inc., Kuehne + Nagel International AG, J.B. Hunt Transport Services, Inc., Nippon Express Co., Ltd., and XPO Logistics, Inc among others.
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Precedence Research has segmented the global third-party logistics market report on the basis of service, transport, end-use, and region:
Service Outlook
Transport Outlook
End-use Outlook
Regional Outlook
Key Takeaways
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Third-party Logistics Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
Chapter 5. COVID 19 Impact on Third-party Logistics Market
5.1. Covid-19: Business Third-party Logistics Industry Impact
5.2. Third-party Logistics Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Third-party Logistics Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Third-party Logistics Market Players to deal with Covid-19 Pandemic Scenario
Chapter 6. Third-party Logistics Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Technology advancement in logistics
6.1.1.2. Rising demand for manufacturing and retail sector
6.1.2. Market Restraints
6.1.2.1. Lack of logistics control
6.1.3. Market Opportunities
6.1.3.1. Government initiatives encouraging the Asia Pacific market growth
Chapter 7. Global Third-party Logistics Market: Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Third-party Logistics Market Revenue by Market Players (2017 – 2020)
7.1.1.2. Third-party Logistics Market Revenue Market Share by Market Players (2017 – 2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Process Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users
Chapter 8. Global Third-party Logistics Market, By Service
8.1. Third-party Logistics Market, by Service, 2017-2027
8.2. Domestic Transportation Management (DTM)
8.2.1.1. Market Revenue Forecast (2017-2027)
8.3. International Transportation Management (ITM)
8.3.1.1. Market Revenue Forecast (2017-2027)
8.4. Dedicated Contract Carriage (DCC)/ Freight forwarding
8.4.1.1. Market Revenue Forecast (2017-2027)
8.5. Value-Added Logistics Services (VALs)
8.5.1.1. Market Revenue Forecast (2017-2027)
8.6. Warehousing & Distribution (W&D)
8.6.1.1. Market Revenue Forecast (2017-2027)
Chapter 9. Global Third-party Logistics Market, By Transportation
9.1. Third-party Logistics Market, by Transportation, 2017-2027
9.2. Railways
9.2.1.1. Market Revenue Forecast (2017-2027)
9.3. Roadways
9.3.1.1. Market Revenue Forecast (2017-2027)
9.4. Airways
9.4.1.1. Market Revenue Forecast (2017-2027)
9.5. Waterways
9.5.1.1. Market Revenue Forecast (2017-2027)
Chapter 10. Global Third-party Logistics Market, By End-use
10.1. Third-party Logistics Market, by End-use, 2017-2027
10.2. Retail
10.2.1.1. Market Revenue Forecast (2017-2027)
10.3. Manufacturing
10.3.1.1. Market Revenue Forecast (2017-2027)
10.4. Automotive
10.4.1.1. Market Revenue Forecast (2017-2027)
10.5. Healthcare
10.5.1.1. Market Revenue Forecast (2017-2027)
10.6. Others
10.6.1.1. Market Revenue Forecast (2017-2027)
Chapter 11. Global Third-party Logistics Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue Forecast by Service(2017-2027)
11.1.2. Market Revenue Forecast by Transportation(2017-2027)
11.1.3. Market Revenue Forecast by End-use(2017-2027)
11.1.5. U.S
11.1.5.1. Market Revenue Forecast (2017-2027)
11.1.6. Canada
11.1.6.1. Market Revenue Forecast (2017-2027)
11.2. Europe
11.2.1. Market Revenue Forecast by Service (2017-2027)
11.2.2. Market Revenue Forecast by Transportation (2017-2027)
11.2.3. Market Revenue Forecast by End-use (2017-2027)
11.2.5. UK
11.2.5.1. Market Revenue Forecast (2017-2027)
11.2.6. Germany
11.2.6.1. Market Revenue Forecast (2017-2027)
11.2.7. France
11.2.7.1. Market Revenue Forecast (2017-2027)
11.2.8. Rest of EU
11.2.8.1. Market Revenue Forecast (2017-2027)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Service (2017-2027)
11.3.2. Market Revenue Forecast by Transportation (2017-2027)
11.3.3. Market Revenue Forecast by End-use (2017-2027)
11.3.5. China
11.3.5.1. Market Revenue Forecast (2017-2027)
11.3.6. India
11.3.6.1. Market Revenue Forecast (2017-2027)
11.3.7. Japan
11.3.7.1. Market Revenue Forecast (2017-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue Forecast (2017-2027)
11.4. LATAM
11.4.1. Market Revenue Forecast by Service (2017-2027)
11.4.2. Market Revenue Forecast by Transportation (2017-2027)
11.4.3. Market Revenue Forecast by End-use (2017-2027)
11.4.5. Brazil
11.4.5.1. Market Revenue Forecast (2017-2027)
11.4.6. Rest of LATAM
11.4.6.1. Market Revenue Forecast (2017-2027)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Service (2017-2027)
11.5.2. Market Revenue Forecast by Transportation (2017-2027)
11.5.3. Market Revenue Forecast by End-use (2017-2027)
11.5.5. GCC
11.5.5.1. Market Revenue Forecast (2017-2027)
11.5.6. North Africa
11.5.6.1. Market Revenue Forecast (2017-2027)
11.5.7. South Africa
11.5.7.1. Market Revenue Forecast (2017-2027)
11.5.8. Rest of MEA
11.5.8.1. Market Revenue Forecast (2017-2027)
Chapter 12. Company Profiles
12.1. Burris Logistics
12.1.1. Company Overview, Business Information, Regional Presence
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Product Type
12.1.3. Revenue, Price, and Gross Margin (2017-2020)
12.1.4. Recent Developments and Strategies
12.2. CEVA Logistics
12.2.1. Company Overview, Business Information, Regional Presence
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Product Type
12.2.3. Revenue, Price, and Gross Margin (2017-2020)
12.2.4. Recent Developments and Strategies
12.3. C.H. Robinson Worldwide (CHRW) Inc.
12.3.1. Company Overview, Business Information, Regional Presence
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Product Type
12.3.3. Revenue, Price, and Gross Margin (2017-2020)
12.3.4. Recent Developments and Strategies
12.4. DB Schenker Logistics
12.4.1. Company Overview, Business Information, Regional Presence
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Product Type
12.4.3. Revenue, Price, and Gross Margin (2017-2020)
12.4.4. Recent Developments and Strategies
12.5. FedEx Corporation
12.5.1. Company Overview, Business Information, Regional Presence
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Product Type
12.5.3. Revenue, Price, and Gross Margin (2017-2020)
12.5.4. Recent Developments and Strategies
12.6. BDP International
12.6.1. Company Overview, Business Information, Regional Presence
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Product Type
12.6.3. Revenue, Price, and Gross Margin (2017-2020)
12.6.4. Recent Developments and Strategies
12.7. UPS Supply Chain Solutions, Inc.
12.7.1. Company Overview, Business Information, Regional Presence
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Product Type
12.7.3. Revenue, Price, and Gross Margin (2017-2020)
12.7.4. Recent Developments and Strategies
12.8. Kuehne + Nagel International AG
12.8.1. Company Overview, Business Information, Regional Presence
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Product Type
12.8.3. Revenue, Price, and Gross Margin (2017-2020)
12.8.4. Recent Developments and Strategies
12.9. J.B. Hunt Transport Services, Inc.
12.9.1. Company Overview, Business Information, Regional Presence
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Product Type
12.9.3. Revenue, Price, and Gross Margin (2017-2020)
12.9.4. Recent Developments and Strategies
12.10. Nippon Express Co., Ltd.
12.10.1. Company Overview, Business Information, Regional Presence
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Product Type
12.10.3. Revenue, Price, and Gross Margin (2017-2020)
12.10.4. Recent Developments and Strategies
12.11. XPO Logistics, Inc
12.11.1. Company Overview, Business Information, Regional Presence
12.11.2. Product Portfolio Analysis
12.11.2.1. Product Details, Specification, Product Type
12.11.3. Revenue, Price, and Gross Margin (2017-2020)
12.11.4. Recent Developments and Strategies
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Buy this Premium Research Report@ https://www.precedenceresearch.com/checkout/1256
About Us
Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Web: https://www.precedenceresearch.com
Blog: https://precedenceresearchnews.wordpress.com
Follow us on LinkedIn | Twitter | Facebook
Precedence Research recently published a report on “Drug of Abuse Testing Market (By Drug Type: Alcohol, Cocaine, Marijuana/Cannabis, LSD, Opioids,… Read More
Precedence Research recently published a report on “Digital Signage Market (By Component: Hardware, Software, Services; By Technology: LCD, LED, Projection;… Read More
Precedence Research recently published a report on “Beverage Packaging Market (By Material: Metal, Plastic, Glass, and Others; By Product: Bottles,… Read More
Precedence Research recently published a report on “Paper Cups Market (By type: Hot Paper Cups and Cold Paper Cups; By… Read More
Precedence Research recently published a report on “Fire Protection System Market (By Product: Fire Detection, Fire Suppression, Fire Response, Fire… Read More
This website uses cookies.