The Ultimate Revelation On The Third-party Logistics (3PL) Industry

According to a recent report titled, "Global 3PL (Third Party Logistics) Market, the global 3PL market was valued at $869 billion in 2017, and is projected to reach $1,513 billion by 2025, registering a CAGR of 7.1% from 2018 to 2025.

 At present, Asia-Pacific dominates the market, followed by North America, Europe, and LAMEA. China dominated the global 3PL market in 2017, while Mexico is expected to grow at a significant growth rate in North America during the forecast period.



Factors such as increase in trading activities due to globalization and increase in focus of manufacturers and retailers on core competencies fuel the growth of the 3PL market. In addition, development of the e-commerce industry and increase in reverse logistics operations boost the market growth. However, risk to goodwill of manufacturers hinders the growth of the 3PL market. In addition, reduction in control of manufacturers on logistics service restricts the growth of the market. On the contrary, use of IT solutions & software, cost cutting, and lead time reduction due to adoption of multi-modal system are anticipated to provide growth opportunities for the 3PL market.

The Major players reported in the market include:
  • DHL
  • United Parcel Service
  • FedEx Corporation
  • Maersk Logistics
  • DB Schenker
  • Kuehne+Nagel Inc.
  • NYK logistics
  • Panalpina World Transport
  • Union Pacific Corporation
  • BNSF Railway Company
KEY BENEFITS
  • The study provides an in-depth analysis of the Third-party Logistics (3PL) market along with current and future trends to elucidate the imminent investment pockets.
  • The report provides information regarding key drivers, restraints, and opportunities along with their impact analysis.
  • Porter's Five Forces and SWOT analyses of key market players in the industry have been provided to highlight the growth strategies adopted by them.
  • The value chain analysis of the industry signifies the key intermediaries involved, and elaborates their roles and value additions at every stage of the value chain.
Source: ReportsWeb

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