Third-party logistics (3PL) is a business arrangement in which companies outsource their logistics operations to a specialized service provider that offers customized on-demand transportation, warehousing, distribution, and freight and forwarding services.
Increasing advancements in e-commerce across the retail sector is expected to drive the growth prospects for the global 3PL market in the forthcoming years.
Get Free PDF for more Professional and Technical insights @ https://www.researchmoz.us/enquiry.php?type=S&repid=2040063
Some of the major factors responsible for the expansion of the e-commerce sector includes the increased adoption of the Internet and mobile services. Also, it has been observed that elements such as efficient inventory management and quick delivery are important for the operational success of this sector. As a result, the demand for efficient delivery systems, inventory management, small package deliveries, individualized shipping time, and freight forwarding are increasing, driving the third-party logistics market size.
APAC accounts for the maximum market share in 2017 and is estimated to continue to dominate the market for the next few years. Some of the major factors responsible for the markets growth in the region is the increasing outsourcing of logistics services and an increase in imports and exports across key countries. Also, the strong demand for 3PL services in APAC is due to factors like economic growth and globalization that requires manufacturers to import and export raw materials and finished goods on a global level.
In 2018, the global Third Party Logistics market size was 67700 million US$ and it is expected to reach 106300 million US$ by the end of 2025, with a CAGR of 5.8% during 2019-2025.
This report focuses on the global Third Party Logistics status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Third Party Logistics development in United States, Europe and China.
The key players covered in this study
DHL Supply Chain
UPS Supply Chain Solutions
Market segment by Type, the product can be split into
Market segment by Application, split into
Food and Beverage
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Third Party Logistics status, future forecast, growth opportunity, key market and key players.
To present the Third Party Logistics development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
Make An Enquiry @ https://www.researchmoz.us/enquiry.php?type=E&repid=2040063
In this study, the years considered to estimate the market size of Third Party Logistics are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For More Information Kindly Contact:
Mr. Nachiket Ghumare,
90 State Street, Albany NY, United States – 12207
USA-Canada Toll Free: 866-997-4948
Email: [email protected]
Follow us on LinkedIn @ http://bit.ly/1TBmnVG
Follow me on : https://marketinfo247.wordpress.com/