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Third-party Logistics Market Size to Reach $1710.58 billion in 2027

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The third-party logistics market revenue share is set to grow at a yearly rate of 8.3% during 2021-2027, while its valuation is Projected to jump from $ 919.12 billion in 2020 to $1710.58 billion in 2027.

Latest Research Study on ” third-party logistics Market – Global Industry Analysis, Market Size, Share, Growth, Trends, Region Outlook, And Segment Forecasts, 2021 – 2027″.

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This research report evaluates the third-party logistics market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global third-party logistics market for the period from 2017 to 2027.

Growth Factors

Rising e-commerce and retail businesses are significantly escalating the demand for third-party logistics. Main factors contributing towards the growth of e-commerce business are changing consumer purchasing behavior, easy availability of the products over internet, no need to go out for shopping in the digital world, and many others. Additionally, growing demand for fast and cost-effective logistics services also aid in the growth of the third-party logistics market. Hence, the market anticipated to witness profound growth over the forecast period.

Apart from this, increasing tilt of manufacturing businesses to outsource their supply chain also provides significant escalation to the third-party logistics market. Earlier, these businesses invest largely on maintaining their supply chain and inventory as they need to manage their logistics from raw material procurement to finished product distribution process. By outsourcing supply chain process, manufacturers are now free from warehouse management, inventory management, and focus more towards their market growth strategies.

However, COVID-19 outbreak in the early 2020 has significantly impacted the global supply chain. The logistics network has also been disrupted due to stringent regulations imposed by the government in order to prevent the rapid spread of virus. Several third-party logistics companies are facing uncertainty for the movement of their goods. In addition, lack of human resource and less working hour have also impacted badly on the third-party logistics market.

Market Report Scope

Report Highlights Details
Market Size US$ 1710.58 Bn by 2027
Growth Rate CAGR of 8.3% from 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Segments Covered Service, Transport, End-use
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, Latin America

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This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global third-party logistics market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global third-party logistics market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

Key Highlights

  • North America dominated the global third-party logistics market in 2020 and expected to grow at a steady rate owing to rising demand for cold storage in the region
  • The Asia Pacific anticipated to witness the highest growth rate over the forecast period due to increasing industrialization and manufacturing businesses in the region
  • By service, Domestic Transportation Management (DTM) led the global third-party logistics market in 2020 with a revenue share of around 30.3%
  • Roadways segment captured major revenue share of the global market because of rapid development in the logistics infrastructure
  • Airways expected to be the fastest growing transportation segment owing to need for fast and cost-effective delivery services
  • In terms of end-use, manufacturing segment captured major revenue share of nearly 25.5% owing to shifting of companies to supply chain outsourcing rather than maintaining in-house supply chain
  • Retail segment anticipated flourishing growth over the upcoming years because of rapid growth of retail businesses
  • North America led the global third-party logistics market and hold significant share nearly 25.4% in the year 2020. Rise in the domestic and international trade has significantly impacted the third-party logistics market growth in North America region.

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Competition Landscape

In the final section of the research report, Precedence Research provided the global third-party logistics market structure and a detailed competition landscape to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the third-party logistics market include:

  • Burris Logistics
  • CEVA Logistics
  • C.H. Robinson Worldwide (CHRW) Inc.
  • DB Schenker Logistics
  • FedEx Corporation
  • BDP International
  • UPS Supply Chain Solutions, Inc.
  • Kuehne + Nagel International AG
  • J.B. Hunt Transport Services, Inc.
  • Nippon Express Co., Ltd.
  • XPO Logistics, Inc

Market Segmentation

Service Outlook

    • Domestic Transportation Management (DTM)
    • International Transportation Management (ITM)
    • Dedicated Contract Carriage (DCC)/ Freight forwarding
    • Value-Added Logistics Services (VALs)
    • Warehousing & Distribution (W&D)

Transport Outlook

    • Railways
    • Roadways
    • Airways
    • Waterways

End-use Outlook

    • Retail
    • Manufacturing
    • Automotive
    • Healthcare
    • Others

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Most Asked Questions –

What was the market size value of the third-party logistics in 2020?

What is the expected market size by 2027?

What is the third-party logistics market growth?

What are the key factors that positively influence market growth?

Who are the prominent players in the third-party logistics market?

Why Buy this Report?

The purpose of Precedence Research’s third-party logistics market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Third-party Logistics Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Third-party Logistics Market

5.1. Covid-19: Business Third-party Logistics Industry Impact
5.2. Third-party Logistics Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Third-party Logistics Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Third-party Logistics Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Third-party Logistics Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Technology advancement in logistics
6.1.1.2. Rising demand for manufacturing and retail sector
6.1.2. Market Restraints
6.1.2.1. Lack of logistics control
6.1.3. Market Opportunities
6.1.3.1. Government initiatives encouraging the Asia Pacific market growth

Chapter 7. Global Third-party Logistics Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Third-party Logistics Market Revenue by Market Players (2017 – 2020)
7.1.1.2. Third-party Logistics Market Revenue Market Share by Market Players (2017 – 2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Process Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users

Chapter 8. Global Third-party Logistics Market, By Service

8.1. Third-party Logistics Market, by Service, 2017-2027
8.2. Domestic Transportation Management (DTM)
8.2.1.1. Market Revenue Forecast (2017-2027)
8.3. International Transportation Management (ITM)
8.3.1.1. Market Revenue Forecast (2017-2027)
8.4. Dedicated Contract Carriage (DCC)/ Freight forwarding
8.4.1.1. Market Revenue Forecast (2017-2027)
8.5. Value-Added Logistics Services (VALs)
8.5.1.1. Market Revenue Forecast (2017-2027)
8.6. Warehousing & Distribution (W&D)
8.6.1.1. Market Revenue Forecast (2017-2027)

Chapter 9. Global Third-party Logistics Market, By Transportation

9.1. Third-party Logistics Market, by Transportation, 2017-2027
9.2. Railways
9.2.1.1. Market Revenue Forecast (2017-2027)
9.3. Roadways
9.3.1.1. Market Revenue Forecast (2017-2027)
9.4. Airways
9.4.1.1. Market Revenue Forecast (2017-2027)
9.5. Waterways
9.5.1.1. Market Revenue Forecast (2017-2027)

Chapter 10. Global Third-party Logistics Market, By End-use

10.1. Third-party Logistics Market, by End-use, 2017-2027
10.2. Retail
10.2.1.1. Market Revenue Forecast (2017-2027)
10.3. Manufacturing
10.3.1.1. Market Revenue Forecast (2017-2027)
10.4. Automotive
10.4.1.1. Market Revenue Forecast (2017-2027)
10.5. Healthcare
10.5.1.1. Market Revenue Forecast (2017-2027)
10.6. Others
10.6.1.1. Market Revenue Forecast (2017-2027)

Chapter 11. Global Third-party Logistics Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue Forecast by Service(2017-2027)
11.1.2. Market Revenue Forecast by Transportation(2017-2027)
11.1.3. Market Revenue Forecast by End-use(2017-2027)
11.1.5. U.S
11.1.5.1. Market Revenue Forecast (2017-2027)
11.1.6. Canada
11.1.6.1. Market Revenue Forecast (2017-2027)
11.2. Europe
11.2.1. Market Revenue Forecast by Service (2017-2027)
11.2.2. Market Revenue Forecast by Transportation (2017-2027)
11.2.3. Market Revenue Forecast by End-use (2017-2027)
11.2.5. UK
11.2.5.1. Market Revenue Forecast (2017-2027)
11.2.6. Germany
11.2.6.1. Market Revenue Forecast (2017-2027)
11.2.7. France
11.2.7.1. Market Revenue Forecast (2017-2027)
11.2.8. Rest of EU
11.2.8.1. Market Revenue Forecast (2017-2027)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Service (2017-2027)
11.3.2. Market Revenue Forecast by Transportation (2017-2027)
11.3.3. Market Revenue Forecast by End-use (2017-2027)
11.3.5. China
11.3.5.1. Market Revenue Forecast (2017-2027)
11.3.6. India
11.3.6.1. Market Revenue Forecast (2017-2027)
11.3.7. Japan
11.3.7.1. Market Revenue Forecast (2017-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue Forecast (2017-2027)
11.4. LATAM
11.4.1. Market Revenue Forecast by Service (2017-2027)
11.4.2. Market Revenue Forecast by Transportation (2017-2027)
11.4.3. Market Revenue Forecast by End-use (2017-2027)
11.4.5. Brazil
11.4.5.1. Market Revenue Forecast (2017-2027)
11.4.6. Rest of LATAM
11.4.6.1. Market Revenue Forecast (2017-2027)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Service (2017-2027)
11.5.2. Market Revenue Forecast by Transportation (2017-2027)
11.5.3. Market Revenue Forecast by End-use (2017-2027)
11.5.5. GCC
11.5.5.1. Market Revenue Forecast (2017-2027)
11.5.6. North Africa
11.5.6.1. Market Revenue Forecast (2017-2027)
11.5.7. South Africa
11.5.7.1. Market Revenue Forecast (2017-2027)
11.5.8. Rest of MEA
11.5.8.1. Market Revenue Forecast (2017-2027)

Chapter 12. Company Profiles

12.1. Burris Logistics
12.1.1. Company Overview, Business Information, Regional Presence
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Product Type
12.1.3. Revenue, Price, and Gross Margin (2017-2020)
12.1.4. Recent Developments and Strategies
12.2. CEVA Logistics
12.2.1. Company Overview, Business Information, Regional Presence
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Product Type
12.2.3. Revenue, Price, and Gross Margin (2017-2020)
12.2.4. Recent Developments and Strategies
12.3. C.H. Robinson Worldwide (CHRW) Inc.
12.3.1. Company Overview, Business Information, Regional Presence
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Product Type
12.3.3. Revenue, Price, and Gross Margin (2017-2020)
12.3.4. Recent Developments and Strategies
12.4. DB Schenker Logistics
12.4.1. Company Overview, Business Information, Regional Presence
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Product Type
12.4.3. Revenue, Price, and Gross Margin (2017-2020)
12.4.4. Recent Developments and Strategies
12.5. FedEx Corporation
12.5.1. Company Overview, Business Information, Regional Presence
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Product Type
12.5.3. Revenue, Price, and Gross Margin (2017-2020)
12.5.4. Recent Developments and Strategies
12.6. BDP International
12.6.1. Company Overview, Business Information, Regional Presence
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Product Type
12.6.3. Revenue, Price, and Gross Margin (2017-2020)
12.6.4. Recent Developments and Strategies
12.7. UPS Supply Chain Solutions, Inc.
12.7.1. Company Overview, Business Information, Regional Presence
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Product Type
12.7.3. Revenue, Price, and Gross Margin (2017-2020)
12.7.4. Recent Developments and Strategies
12.8. Kuehne + Nagel International AG
12.8.1. Company Overview, Business Information, Regional Presence
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Product Type
12.8.3. Revenue, Price, and Gross Margin (2017-2020)
12.8.4. Recent Developments and Strategies
12.9. J.B. Hunt Transport Services, Inc.
12.9.1. Company Overview, Business Information, Regional Presence
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Product Type
12.9.3. Revenue, Price, and Gross Margin (2017-2020)
12.9.4. Recent Developments and Strategies
12.10. Nippon Express Co., Ltd.
12.10.1. Company Overview, Business Information, Regional Presence
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Product Type
12.10.3. Revenue, Price, and Gross Margin (2017-2020)
12.10.4. Recent Developments and Strategies
12.11. XPO Logistics, Inc
12.11.1. Company Overview, Business Information, Regional Presence
12.11.2. Product Portfolio Analysis
12.11.2.1. Product Details, Specification, Product Type
12.11.3. Revenue, Price, and Gross Margin (2017-2020)
12.11.4. Recent Developments and Strategies

Chapter 13. Appendix

13.1. About Us
13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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