The Global Third Party Logistics Market is expected to grow at a compound annual growth rate of 8.30% in the forecast period of 2021 to 2028 and is likely to reach a value of USD 8, 30,213.10 million by 2020. The rise in the working capital and globalization lead to the demand for proficient inventory management services is a significant factor driving the market growth rate.
Likewise, the rise in the tourism activities, increase in working class population associated with rise in the trend of road trips and rapid technological advancements and modernization in the automotive sector will produce lucrative opportunities for the growth of the third party logistics market.
Third Party Logistics Market Scenario
According to Data Bridge Market Research the market for third party logistics is expected to gain growth because of the rapid rise in globalization. Also the rise in the number of manufacturing firms and better economic conditions and internet penetration are also expected to fuel the demand of the third party logistics market over the forecast period of 2021 to 2028. Whereas, the dearth of logistics control and high risks coupled with cross border transportation are expected to hinder the growth of the third party logistics market in the aforementioned forecast period.
Now the question is which are the other regions that third party logistics market is targeting? Data Bridge Market Research has estimated large growth in Europe and North America due to the high adoption of automatic milking systems on dairy farms and rise in the fuel prices and traffic congestions and increase in the emission standards.
For more analysis on the third party logistics market request for a briefing with our analysts https://www.databridgemarketresearch.com/zh/speak-to-analyst/?dbmr=global-third-party-logistics-market
Third Party Logistics Market Scope
Third party logistics market is segmented on the basis of countries into the 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).
- All country based analysis of third party logistics market is further analyzed based on maximum granularity into further segmentation. 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 are the type of services which help the organizations to focus on their core business and make high revenue by reducing operating costs. These services also offer value addition to companies for the complete procedure of the supply chain, resulting in well-organized and efficient supply chain.
To know more about the study, https://www.databridgemarketresearch.com/zh/reports/global-third-party-logistics-market
Key Pointers Covered in the Third Party Logistics Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- 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
- YUSEN LOGISTICS CO. LTD
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/zh/toc/?dbmr=global-third-party-logistics-market
Research Methodology of Global Third Party Logistics Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed 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.
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