Market Insights:
The Third Party Logistics Market was valued at USD 956.2 Bn in 2021, at CAGR of 8.4% during the forecast period (2022-2030), and the Market is projected to be worth USD 1976.1 Bn by 2030.
Driver:
The increased adoption of Third Party Logistics in the Communication Services industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Third Party Logistics also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Third Party Logistics in many sectors also boosts the market growth during the forecast period.
Third-party logistics is a business process in which companies outsource their distribution and logistics functionality to expert logistics service providers who are actively involved in and specialised in handling operations such as assembly services, warehousing, transportation, freight & forwarding. Third-party logistics increases flexibility by lowering total expenses associated with products distribution and warehousing. Furthermore, this is the most typical business model in the logistics industry, allowing clients to concentrate on their core competencies.
Third Party Logistics Market Research Report” was just released by Market Research Community. It is divided into several categories, including Service (International Transportation Management (ITM), Warehousing & Distribution (W&D), Value Added Logistics Services (VALs), Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM)), application (Waterways, Airways, Roadways, Railways), Transport (Technological, Automotive, Retailing, Manufacturing, Logistics), and companies (BDP International; Burris Logistics; C.H. Robinson Worldwide, Inc.; Deutsche Post AG (DHL Group); CEVA Logistics; DSV; DB Schenker Logistics; FedEx; J.B. Hunt Transport, Inc; Kuehne + Nagel; Nippon Express; United Parcel Service of America, Inc.; XPO Logistics, Inc.; Yusen Logistics Co. Ltd), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 8.4%, over the forecast period of 2022–2030
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 1976.1 Billion |
| CAGR (2022-2030) | 8.4% |
| By Service | International Transportation Management (ITM), Warehousing & Distribution (W&D), Value Added Logistics Services (VALs), Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM) |
| By Application | Waterways, Airways, Roadways, Railways |
| By Transport | Technological, Automotive, Retailing, Manufacturing, Logistics |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | BDP International; Burris Logistics; C.H. Robinson Worldwide, Inc.; Deutsche Post AG (DHL Group); CEVA Logistics; DSV; DB Schenker Logistics; FedEx; J.B. Hunt Transport, Inc; Kuehne + Nagel; Nippon Express; United Parcel Service of America, Inc.; XPO Logistics, Inc.; Yusen Logistics Co. Ltd. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Third Party Logistics market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
BDP International; Burris Logistics; C.H. Robinson Worldwide, Inc.; Deutsche Post AG (DHL Group); CEVA Logistics; DSV; DB Schenker Logistics; FedEx; J.B. Hunt Transport, Inc; Kuehne + Nagel; Nippon Express; United Parcel Service of America, Inc.; XPO Logistics, Inc.; Yusen Logistics Co. Ltd.
Market Segment Analysis:
By Service
- International Transportation Management (ITM)
- Warehousing & Distribution (W&D)
- Value Added Logistics Services (VALs)
- Dedicated Contract Carriage (DCC)/Freight forwarding
- Domestic Transportation Management (DTM)
By Transport
- Waterways
- Airways
- Roadways
- Railways
By Application
- Technological
- Automotive
- Retailing
- Manufacturing
- Logistics
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Third Party Logistics industries in the region.
Key Third Party Logistics Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Third Party Logistics Market segments.
– Largest Market Share Held by Industry to Industry for Third Party Logistics
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Third Party Logistics Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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