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Third Party Logistics (3PL) Market is expected to grow at a CAGR of 5% over the forecast period from 2016 to 2024. Third party logistics (3PL) can be defined as a person whole receives, holds or transports a consumer product in the ordinary course of business but does not take title to the product. Third party logistics providers are courier companies, freight providers and other companies offering subcontracted logistics and transport services.

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your catalyst to a lucrative business third party

Your Catalyst To a Lucrative Business

Third Party Logistics (3PL) Market Size, Share, Analysis, Industry

Outlook and Forecast to 2024 | Hexa Research

“The Third Party Logistics (3PL) Market is expected to

grow at a CAGR of 5% over the forecast period from

2016 to 2024.”

The Third Party Logistics (3PL) Market is expected to grow at a CAGR of over 5 % during the forecast period

(from 2016 to 2024). Rising focus on core business activities along with reduced shipping costs is expected to

spur the growth of the global market. The introduction of e-commerce coupled with entrepreneurial ventures

is also said to augment the demands for supply chain execution capabilities as well as specialized logistics.

Various factors such as the emphasis on price and risk containment are said to hinder the market growth. In

addition to this, sluggish economic growth and inconsistent freight volumes are also likely to hamper the

overall market growth over the coming years. The global market is segregated as services and regions.

“.

The services sector involves dedicated contract carriage, domestic transportation management, software,

international transportation management, and warehousing & distribution. The International Transportation

Management (ITM) sector led the global market in 2014 and is expected to witness reach USD 340 billion by

2024. It includes goods brokerage and value-added transport management services. The Warehousing &

Distribution (W&D) sector occupied for more than 23 % of the total market share in 2014. Other sectors

including refrigerated grocery coupled with pharma applications are likely to witness the maximum growth

prospects for value-added warehousing services in the near future.

Browse Details of Report @ https://www.hexaresearch.com/research-report/third-party-logistics-3pl

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Geographically, the Asia-Pacific third party logistics (3PL) market dominated the global market in 2014. The

regional market is projected to reach USD 390 billion by 2024 growing at a healthy CAGR of over 6 % from

2015 to 2024. The European 3PL market is anticipated to reach USD 212 billion by 2024 growing at a CAGR of

over 3 % during the estimated years.

The North American regional market is said to reach USD 270 billion by 2024. The region is expected to

witness lucrative growth opportunities on account of steadily decreasing transportation charges and labor

costs in the United States as well as Mexico. In addition to this, rapid improvement in technology logistics

software is said to boost the growth of the market across the region in the next few years.

The major players in the third party logistics (3PL) market are Expeditors International; UPS Supply Chain

Solutions; and Kuehne + Nagel International AG.

Browse Related Category Market Reports @

https://www.hexaresearch.com/research-category/communication-services-industry

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Table of Content of Third Party Logistics Market

Chapter 1. Executive Summary

1.1. 3PL - Industry Summary and Critical Success Factors (CSFs)

Chapter 2. 3PL Industry Outlook

2.1. Market Segmentation

2.2. Market Size and Growth Prospects

2.3. 3PL Value Chain Analysis

2.4. 3PL Market Dynamics

2.4.1. Market Driver Analysis

2.4.2. Market Restraint Analysis

2.5. Key Opportunities Prioritized

2.6. Industry Analysis - Porter's

2.7. 3PL - Key company analysis, 2016

2.8. 3PL Market PESTEL Analysis, 2016

Chapter 3. 3PL Service Outlook

3.1. Dedicated Contract Carriage

3.1.1. Global market estimates and forecasts, 2016 - 2024

3.2. Domestic Transportation Management

3.2.1. Global market estimates and forecasts, 2016 - 2024

3.3. International Transportation Management

3.3.1. Global market estimates and forecasts, 2016 - 2024

3.4. Warehousing & Distribution

3.4.1. Global market estimates and forecasts, 2016 - 2024

3.5. Logistics Software

3.5.1. Global market estimates and forecasts, 2016 - 2024

Chapter 4. 3PL Regional Outlook

4.1. North America

4.1.1. 3PL market by service, 2016 - 2024

4.1.2. U.S.

4.1.2.1. 3PL market by service, 2016 - 2024

4.1.3. Canada

4.1.3.1. 3PL market by service, 2016 - 2024

4.1.4. Mexico

4.1.4.1. 3PL market by service, 2016 - 2024

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4.2. Europe

4.2.1. 3PL market by service, 2016 - 2024

4.2.2. France

4.2.2.1. 3PL market by service, 2016 - 2024

4.2.3. Germany

4.2.3.1. 3PL market by service, 2016 - 2024

4.2.4. Italy

4.2.4.1. 3PL market by service, 2016 - 2024

4.2.5. UK

4.2.5.1. 3PL market by service, 2016 - 2024

4.3. Asia Pacific

4.3.1. 3PL market by service, 2016 - 2024

4.3.2. Australia

4.3.2.1. 3PL market by service, 2016 - 2024

4.3.3. China

4.3.3.1. 3PL market by service, 2016 - 2024

4.3.4. India

4.3.4.1. 3PL market by service, 2016 - 2024

4.3.5. Japan

4.3.5.1. 3PL market by service, 2016 - 2024

4.4. RoW

4.4.1. 3PL market by service, 2016 - 2024

4.4.2. Brazil

4.4.2.1. 3PL market by service, 2016 - 2024

Chapter 5. Competitive Landscape

5.1 Americold

5.2 BDP International

5.3 Burris Logistics

5.4 C.H. Robinson Worldwide

5.5 CEVA Logistics

5.6 Coyote Logistics

5.7 DB Schenker Logistics

5.8 Exel

5.9 Expeditors International of Washington

5.10 FedEx

5.11 GENCO

5.12 J. B. Hunt

5.13 Kuehne + Nagel

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5.14 Landstar System

5.15 Menlo Worldwide Logistics

5.16 Ozburn-Hessey Logistics

5.17 Panalpina

5.18 Ryder Supply Chain Solutions

5.19 Schneider

5.20 Total Quality Logistics

5.21 Transplace

5.22 Unyson Logistic

5.23 UPS Supply Chain Solutions

5.24 UTi Worldwide

5.25 XPO Logistics

Chapter 6. Methodology and Scope

6.1. Research Methodology

6.2. Research Scope & Assumption

6.3. List of Data Sources

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research

and consulting services to a host of key industries across the globe. We offer comprehensive business

intelligence in the form of industry reports which help our clients obtain clarity about their business

environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

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6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: sales@hexaresearch.com

Website - http://www.hexaresearch.com/

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