3PL Market is expected to grow $ 118,129 million by 2025, Globally

Global Third Party Logistics (3PL) Market is expected to grow at a CAGR of 4.88% from 2018 to 2025

The global Third Party Logistics (3PL) Market was valued at $73,489 million in 2014 and is likely to garner $118,129 million in 2025, growing at a CAGR of 4.88% during the forecast period according to Progressive Markets report, Global Third Party Logistics (3PL) Market-Opportunity and Forecast, 2016 - 2025.

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The report provides a comprehensive understanding of the 3PL market with the help of market drivers and restraints, market trends, market segmentation, Porters analysis, company profiles, market size, and market share analysis. The data provided in the report is procured after performing an extensive primary and research. The report is a useful resource for market players, investors, and new entrants as it helps them gain a strong foothold in the international market and devise strategies to survive the intense competition in the marketplace.

The research offers an executive summary, which includes the key findings in the 3PL market along with the analysis of any research and development associated with the field. Market attractiveness and trends analysis are highlighted in the study. The competitive landscape is offered to help industry players determine the level of competitiveness prevailing in the industry and strategize methods to gain a competitive edge.

The market landscape of the global 3PL industry is discussed in the report. It is based on the growth drivers, restraints and challenges, Porters analysis, and market share analysis. The drivers and restraints play a role in the rise and fall of the market. Porters Five Forces model is provided to determine the level of competition in the market across the globe. The analysis is based on the five forces such as bargaining power of buyers, bargaining power of suppliers, the threat of new entrants, the threat from substitutes, and industrial rivalry.

The report includes a concise analysis of both the drivers and restraints that govern the growth of the 3PL market. This data helps a prospective investor or market player understand the conditions that can be associated with the rise and fall of the market. This helps them evaluate the risk associated with this market. The drivers mentioned in the report include the focus of companies on core businesses, reduced shipping cost, optimized transportation costs, and increased freight rates are driving the overall market growth. In addition, the advent of e-commerce platforms and advancements in technology are likely to present new opportunities to the industry players. Restraints which have an adverse effect on the growth of the market include the changing freight rates and sluggish economic growth.

The report provides information regarding market segmentation based on the mode of transport, service type, and geography. Thus, market players, new entrants, and investors gain a concise understanding of the market trends in various segments and geographical regions. The research conducted covers the segmentation based on service type and geography. Based on the mode of transport, the market is segmented into waterways, roadways, railways, and airways. The waterways segment garnered $24,706 million in 2017 and is likely to grow at a CAGR of 4.78% during the forecast period. The airways segment is likely to grow at a CAGR of 2.03% during the forecast period. Based on the service type, the market is classified into dedicated contract carriage, international transportation management, domestic transportation management, software, and warehousing & distribution. The dedicated contract carriage sector is expected to grow at a CAGR of 4.9% during the forecast period. The domestic transportation management segment garnered $28,139 million in 2017. The warehousing & distribution segment is likely to grow at a CAGR of 2.30% during the forecast period. The geographical segmentation provided in the report includes the countries such as North America, Europe, Asia-Pacific, and LAMEA. LAMEA. The market study in North America covers the U.S., Canada, and Mexico. The market analysis in Europe covers Germany, UK, Russia, France, Spain, Italy, Poland, and other parts of Europe. The analysis in Asia-Pacific covers China, Japan, India, Australia, South Korea, New Zealand, Indonesia, and the rest of Asia-Pacific. The study in LAMEA covers Brazil, Argentina, Saudi Arabia, South Africa, UAE, and others.

The report provides a detailed analysis of the key market players operating in the 3PL market. An overview of each company along with information regarding their financial and business segments, as well as their recent developments are included in the report. This information helps players and investors recognize future competitors and develop strategies to grow their own business. The key market players include Kuehne & Nagel, Expeditors International, UPS Supply Chain Solutions, Deutsche Post DHL, J.B. Hunt, Americold, BDP International, Burris Logistics, C.H. Robinson Worldwide, CEVA Logistics, FedEx, and GENCO. These market players have adopted expansion, collaboration, partnership, joint venture, merger & acquisition, and other strategies to gain a strong foothold and sustain the intense competition in the market.

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