The third party logistics industry will relinquish an approximated estimate at a frequency of 5.7% for the projection space of 2021 to 2028 with factor such as increasing growth in cross-border trade.
Third party logistics market has shown an exceptional penetration in countries such as China, Japan and India. Increasing growth in advanced technologies such as IoT and RFID tracking systems is boosting the growth in developed countries. In developing countries, increasing growth in e-commerce is increasing the demand for the third party logistics market.
Third Party Logistics Market Scenario
According to Data Bridge Market Research, the market for third party logistics in China has the highest market share followed by the Japan and India. The market leader is DHL International GmbH (a subsidiary of Deutsche Post AG) which accounts an estimated market share of approximately 2% to 7% in the Asia-Pacific region. The company has gained outstanding sales through their third party logistics services which include express services, supply chain solutions, warehousing & distribution and freight transportation.
- 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 its revenues.
Trends Impacting the Third Party Logistics Market
Now the question is which other regions DHL International GmbH (a subsidiary of Deutsche Post AG), Nippon Express Co., Ltd. and FedEx are targeting? Data Bridge Market Research has forecasted a large growth in the China and the market leaders targeting the Japan and India to be their next revenue pockets for 2021.
The third party logistics market is becoming more competitive every year with companies such as DHL International GmbH (a subsidiary of Deutsche Post AG), Nippon Express Co., Ltd. and FedEx as they are the market leaders for third party logistics. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the third party logistics market.
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Third Party Logistics Market Development
- 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.
Scope of the Third Party Logistics Market
Asia-Pacific third party logistics market is segmented on the basis of countries into the China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and rest of Asia-Pacific.
- All country based analysis of third party logistics market is further analyzed based on further segmentation. On the basis of service, the third party logistics market has been segmented into domestic transportation management (DTM), warehousing, fulfilment and distribution (W&D), value-added services (VALS), international transportation management (ITM) and dedicated contract carriage (DCC)/freight forwarders. On the basis of product, the third party logistics market has been segmented into air freight, ocean freight, land transport and contract logistics. On the basis of providers, the third party logistics market has been segmented into small freight forwarders, courier companies, companies integrating & offering subcontracted logistics and transportation services. On the basis of application, the third party logistics market has been segmented into receiving, packing, shipping and returns. On the basis of business type, the third party logistics market has been segmented into B2B and B2C. On the basis of function, the third party logistics market is segmented into supply chain management, merchandising, in-store operations, strategy and planning and customer management. On the basis of vertical, the third party logistics is segmented into retail & ecommerce, healthcare, automotive, manufacturing, aerospace & defense, consumer electronics, semicon/solar and others.
To know more about the study https://www.databridgemarketresearch.com/pt/reports/asia-pacific-third-party-logistics-market
Key Pointers Covered in Third Party Logistics Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different Regions
- Sales Data for Market Competitors
- Market Key Vendors and Disruptors Study
Key Market Competitors Covered in the Report
- United Parcel Service of America, Inc.
- DHL International GmbH (a subsidiary of Deutsche Post AG)
- 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
Above are the key players covered in the report, to know about more and exhaustive list of third party logistics companies’, contact us https://www.databridgemarketresearch.com/pt/toc/?dbmr=asia-pacific-third-party-logistics-market
Research Methodology: Asia-Pacific Third Party Logistics Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Product Managers, Financial Institutions and Third Party Logistics Consultants
- Supply Side: Service Providers, Product Managers, Product Designers, Marketing Managers, C-Level Executives, Market Intelligence and Regulatory Affairs Managers among others.
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