Asia-Pacific Third Party Logistics Market is expected to grow with the CAGR of 5.7% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below:
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Asia-Pacific third party logistics market is a fragmented market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in Asia-Pacific third party logistics market are introducing strong range of product portfolio. This has helped companies to maximize the sales with enhanced product portfolio. For instance, in January 2021, Nippon Express Co., Ltd. announced that they signed a Memorandum of Understanding (MoU) with Jointown Pharmaceutical Group Logistics Co., Ltd. which is a major Chinese pharmaceutical distributor/wholesaler. This has enabled them to further expand their business as well as gain a greater market share.
DHL International GmbH (a subsidiary of Deutsche Post AG) is the dominating player in Asia-Pacific third party logistics market. The other key players existing in the third party logistics market includes United Parcel Service of America, Inc., FedEx, XPO Logistics, Inc., Kuehne+Nagel, Schenker AG, DSV, Expeditors International of Washington, Inc., C.H. Robinson Worldwide, Inc., SNCF, Nippon Express Co., Ltd., Toll Holdings Limited (a subsidiary of Japan Post Holdings Co.,Ltd.), CJ Logistics Corporation, Kintetsu World Express, Inc., Samudera Shipping Line Ltd, Singapore, PT. Cipta Mapan Logistic, KERRY LOGISTICS NETWORK LIMITED, SINOTRANS Limited, Hitachi Transport System, Ltd., NYK Line among others.
DHL International GmbH (a subsidiary of Deutsche Post AG):
DHL International GmbH (a subsidiary of Deutsche Post AG) is headquartered in Bonn, Germany which was founded in 1969. The company offers services and deliveries in global freight forwarding which includes by sea, air, road and rail. The company provides wide range of services under categories such as express services, parcel & ecommerce, supply chain solutions, freight transportation, mail and warehousing & distribution among which express services, supply chain solutions, freight transportation and warehousing & distribution are the market focused categories.
For instance,
- In November 2020, DHL International GmbH, a subsidiary of Deutsche Post AG announced that they will invest USD 813.00 million to increase their capacity in the growing markets of Asia-Pacific including Australia, Japan and Hong Kong among others. It will increase their shipment volumes by 30-40 percent. This has enabled the company to grab a greater market share which will further increase his revenues.
The company has presence in Americas, Europe, Asia-Pacific and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as DHL Aviation (U.K.), Aerologic (Germany), DHL Air UK (U.K), Blue Dart Aviation (India) among others.
Nippon Express Co., Ltd.:
Nippon Express Co., Ltd. is headquartered in Tokyo, Japan and was established in 1937. The company is engaged in offering one stop business solutions by integrating different modes of transport throughout the world. The company deals in multiple business segments such as logistics, security transportation, heavy haulage & construction and logistics support out of which logistics is the market focused segment. The company provides wide range of services under categories such as transportation, specialized transport, supply chain management, warehouse & distribution and solutions and transport products & services among which transportation, specialized transport, supply chain management and warehouse & distribution are the market focused categories.
For instance,
- In September 2019, Nippon Express Co., Ltd. announced that they have acquired a stake of 22 percent in Future Group’s logistics arm for USD 6.46 billion by a combination of primary as well as secondary shares. It has enabled them to expand their operations thus increasing their customer base as well as their annual revenues.
The company has presence in Americas, Europe, Asia-Pacific and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Nippon Express U.S.A. Inc. (U.S.), Nippon Shipping (Japan) among others.
FedEx:
Fedex is headquartered in Tennessee, U.S. and was founded in 1973. The company deals in services, goods, ideas and technologies creating opportunities to fuel innovation and energize business to uplift the community with high standards. The company deals in multiple business segments such as FedEx express, FedEx ground, FedEx freight and FedEx services. The company provides wide range of services under categories such as U.S. packages, freight truck and the U.S. freight and truck in Spain.
For instance,
- In February 2020, FedEx announced that they have developed a cargo terminal at Clark Air Base in the Philippines. Its construction will end by the end of 2020 and will also reduce on dependence on other singular countries as China. This has enabled the company to increase their market share which will further increase their global annual revenues as well as increase their customer base.
The company has global presence in Americas, Europe, Middle East and Africa, Asia-Pacific and Oceania.
