Third-party Logistics Market Report Study, Synthesis and Summation 2018-2025
On the basis of geography, global third party logistics market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market in Asia Pacific held a dominant position in the global third party logistics market in 2016 and is projected to retain its dominance throughout the forecast period. Increasing disposable income and rising investment by e-commerce leaders and increasing internet penetration are leading to the rapid growth of the e-commerce industry in emerging economies such as India and China. This, in turn, is expected to boost growth of the market for third party logistics in the Asia Pacific. North America also holds a largest share of the third party logistics market, owing to increasing demand for TPL in the automotive and ecommerce sectors. The U.S. and Canada are the major growth engines for the market in the region. Rising demand for low cost services and rapid delivery services is also responsible for fueling the third party logistics market, in the U.S.
Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/597
Third party logistics (TPL or 3PL), is a service provider outsourced by a company in a supply chain management or logistic. Increasing globalization for trade offers manufacturing companies with a worldwide networking platform. Companies majorly focus on keeping up with their productivity, and thus rely on third party logistics to suffice their transportation and packaging. This in turn, has driven growth of the market for third part logistics. Growing e-commerce industry is one of the major drivers for growth of the global third party logistics market. For instance, in 2016, the global B2C ecommerce industry generated revenue of US$ 2.1 trillion, from US$ 1.8 trillion in 2015, and is expected to reach up to US$ 2.4 trillion by 2017. Several e-commerce companies that have adopted the online platform to sell their products do not have their own logistics services. This also contributes to the increased demand for TPL. Increasing number of startups, generally are unable to afford their own logistics services, thus increasing the demand for third party logistics. Moreover, the convenience of shopping online, is increasing adoption of online shopping by several customers worldwide, which in turn, is expected to fuel growth of the third party logistic services in e-commerce industry.
Key companies of global third party logistics market
Key players operating in the third party logistics market include AmeriCold Logistics LLC, BDP International, Burris Logistics, C.H. Robinson Worldwide, CEVA Logistics, DB Schenker Logistics, DHL Supply Chain, FedEx, GEODIS, J. B. Hunt, Kintetsu World Express, Inc., Landstar System, Inc., Nippon Express Co., Ltd, Panalpina World Transport Ltd., Ryder Supply Chain Solutions, Schneider National, Inc., SinoTrans (HK) Logistics Limited, Total Quality Logistics, Inc., Transplace Texas LP, Unyson Logistics, Inc., UPS Supply Chain Solutions, and XPO Logistics, Inc.
Request For Table of Content of this Report : https://www.coherentmarketinsights.com/ongoing-insight/toc/597
You may be interested
Hyperloop Technology Market balanced to Reach Insignificant CAGR till 2026Mohit Joshi - August 17, 2018
Hyperloop Technology Market report provides the statistical analysis of “Hyperloop Technology Market: Global Industry Analysis, Size, Share, Growth, Trends, Outlook and Forecasts” present in the industry space.…
Data Loss Prevention Market Is Expected To Boom Worldwide By 2026Mohit Joshi - August 17, 2018
Data Loss Prevention Market report provides the statistical analysis of “Data Loss Prevention Market: Global Industry Analysis, Size, Share, Growth, Trends, Outlook and Forecasts” present in the…
Virtual Reality Content Creation Market Poised to Take Off by 2025Mohit Joshi - August 17, 2018
Virtual Reality Content Creation Market report provides the statistical analysis of “Virtual Reality Content Creation Market: Global Industry Analysis, Size, Share, Growth, Trends, Outlook and Forecasts” present…