Third-party Logistics Market Overview:
The Third-party Logistics Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Third-party Logistics Market, as well as the causes for variances in the industry’s growth in various places.
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Third-party Logistics Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Third-party Logistics Market Drivers:
The growth of e-commerce in North America has been significant in recent years and has contributed to the increased demand for third-party Logistics services in the region. According to MMR research study, e-commerce sales in North America amounted to $791.7 billion in 2020 and is expected to reach $1.15 trillion by 2023. This growth has created a greater need for logistics services, particularly in the areas of warehousing, fulfilment, and last-mile delivery. With more consumers shopping online, there is a greater demand for warehousing facilities to store and manage inventory. Third-party Logistics providers are responding by building more warehouses and distribution centers, often located closer to urban areas for faster delivery times. Fulfilment is another area where Third-party Logistics providers are playing a key role in the e-commerce industry. As online retailers face increasing pressure to deliver goods quickly and efficiently, many are outsourcing their fulfilment operations to third-party Logistics providers. These providers are able to handle the entire fulfillment process, from receiving orders to picking and packing items to shipping them to customers.
Finally, last-mile delivery is a critical component of the e-commerce supply chain. With more consumers shopping online, there is a greater need for fast, reliable delivery options. Third-party Logistics market players are responding by investing in technology and infrastructure to improve their last-mile delivery capabilities, including the use of drones, autonomous vehicles, and other innovative solutions. The growth of e-commerce in North America has been a major driver of the Third-party Logistics industry in the region, creating new opportunities for providers to offer a wide range of logistics services to online retailers and other businesses.
Third-party Logistics Market Segmentation:
by End Use
• Manufacturing
• Automotive
by Service
• DTM
• ITM
• VALs
by Transport
• Roadways
• Airways
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Third-party Logistics Market Key Players: The key players are
• DHL Supply Chain & Global Forwarding
• Kuehne + Nagel International AG
• C.H. Robinson Worldwide, Inc.
• DB Schenker
• UPS Supply Chain Solutions
• Nippon Express Co., Ltd.
• XPO Logistics, Inc.
• Sinotrans Limited
• CEVA Logistics
• Expeditors International of Washington, Inc.
• DSV Panalpina A/S
• Geodis
• J.B. Hunt Transport Services, Inc.
• Ryder System, Inc.
• Agility
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Third-party Logistics study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Third-party Logistics Market Report are:
- Which sub-segment had the largest share in the Third-party Logistics?
- How is the competitive landscape of the Third-party Logistics in 2023?
- Which are the key drivers impacting the Third-party Logistics growth?
- Which region holds the maximum share in the Third-party Logistics?
- What will be the CAGR of the Third-party Logistics during the forecast period (2023-2029)?
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