Global Third Party Logistics Market, By Service Type (Dedicated Contract Carriage (DCC)/ Freight Forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing and Distribution (W&D), Value-Added Logistics Services (VALs)), Transport (Roadways, Railways, Waterways, Airways), End Users (Manufacturing, Retail, Healthcare, Automotive, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Third Party Logistics Market
Third party logistics market size is valued at USD 8,30,213.10 million by 2020 expected to grow at a compound annual growth rate of 8.30% in the forecast period of 2021 to 2028. Data Bridge Market Research report on third party logistics provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Third-party logistics services lend a hand to the organizations to focus on their core business and make high revenue by dropping operating costs. These services also present value addition to companies for the complete process of the supply chain, leading to the well-organized and efficient supply chain.
The shippers are focusing on outsourcing the logistics activity to improve their operations and cost-effectiveness and are one of the key factors fueling the growth of the third party logistics market. In line with this, the increased working capital and globalization lead to the demand for proficient inventory management services which will also contribute to the growth of the target market. Also the rapid rise in globalization has helped in setting up a worldwide network of manufacturing activities and is also flourishing the growth of the third-party logistics market. The restructuring of the brick and mortar business models is also favoring the high adoption rates of third-party logistics market. Such factors are broadly supposed to hasten the growth of the third-party logistics market over the forecast period of 2021 to 2028. Moreover, the increasing number of manufacturing firms, improving economic conditions and internet penetration are also providing a boost to the market growth.
However, the damage of direct control on the logistics service and possible loss of reputation is the most dangerous will act as major limitations for the growth of third-party logistics in the above mentioned forecasted period. Whereas, the lack of logistics control and high risks associated with cross border transportation have the potential to challenge the third-party logistics market growth in the above mentioned forecast period.
The increasing number of fraudulent activities, rising disposable incomes, and growing need for risk and compliance management has led to the increased adoption of third-party logistics solutions are some other key aspects driving the growth of the overall third-party logistics market. Furthermore, the rapid growth of the e-commerce industry and increase in reverse logistics operations is amongst an essential factor which will offer various growth opportunities for the third-party logistics market growth rate.
This third-party logistics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on third-party logistics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Third-party Logistics Market Scope and Market Size
Third-party logistics market is segmented on the basis of service type, transport and end users. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of the service type, the third-party logistics market is segmented into dedicated contract carriage (DCC)/ freight forwarding, domestic transportation management (DTM), international transportation management (ITM), warehousing and distribution (W&D) and value-added logistics services (VALS).
- Based on transport, the third-party logistics market is segmented into roadways, railways, waterways and airways.
- The end users segment of the third-party logistics market is segmented into manufacturing, retail, healthcare, automotive and others.
Third-Party Logistics Market Country Level Analysis
Third-party logistics market is analyzed and market size, volume information is provided by country, service type, transport and end users as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the third-party logistics market due to the increasing demand for cold storage along with the strong presence of major key players within this region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rising trans-regional trade corridors and gateways in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Third-Party Logistics Market Share Analysis
Third-party logistics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to third-party logistics market.
The major players covered in the third-party logistics market report are BDP International, Burris Logistics, GEODIS, C.H. Robinson Worldwide, Inc., CEVA Logistics, NYK Line, Hub Group, Inc., GOGOX, DSV, SINOTRANS LIMITED, DB Schenker, FedEx, United Parcel Service of America, Inc., Deutsche Post AG, J.B. Hunt Transport, Inc., Nippon Express Co., Ltd., Maersk Logistics, XPO Logistics, Inc, Kuehne + Nagel, and YUSEN LOGISTICS CO. LTD among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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