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Third-party Logistics Market Size is Forecasted to Hit US$ 1710.58 Billion by 2027

Precedence Research

Precedence Research recently published a report titled “Third-party Logistics Market – Global Industry Analysis, Size, Share, Trends, Growth, Regional Outlook, and Forecast 2021-2030”

The global third-party logistics market size is projected to hit USD 1710.58 billion by 2030 and is anticipated to grow with a healthy CAGR of 8.3% over the forecast period 2021-2030.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030.

Download FREE Sample of This Strategic Report with TOC, Graphs & List of Figures @ https://www.precedenceresearch.com/sample/1256

Third-party logistics is a method by which manufacturers outsource their logistics and distribution services. A third-party logistics companies provide various services to its customers that include cross-docking, inventory management, packaging of products, and door-to-door delivery. These companies provide fast supply chain services in cost-effective way. In addition, the outsourcing of supply chain services by the manufacturing companies reduces their shipping & delivery cost, inventory cost, as well as meet the technical requirement that increases their capability to focus more towards the product development and other growth strategies.

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 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

Report Highlights

Regional Snapshots

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. United States is the front-runner in the North America region and captured nearly 70% of the market revenue. As per World Trade Organization (WTO), merchandise exports to the United States have significantly increased from the year 2017 to 2018. Because of growing trade activities customers are also demanding timely delivery of product and efficient operations of the process.

On the other side, the Asia Pacific exhibits the fastest growth rate over the upcoming years owing several policies for trade liberalization coupled with rapid growth in the manufacturing sector in developing as well as under-developed countries. China, India, South Korea, Japan, and Taiwan are some of the rapidly developing countries in terms of manufacturing, transportation, and industrialization that account to propel the market growth in the region. For instance, the Government of India has set the Logistics Efficiency Enhancement Program (LEEP) for the development of multi-model logistics park.

Competitive Intelligence

The third-party logistics market report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation, and so on.

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

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Precedence Research has segmented the global third-party logistics market report on the basis of service, transport, end-use, and region:

Service Outlook

Transport Outlook

End-use Outlook

Regional Outlook

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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