Download sample report @ https://goo.gl/jjrhK3 \nThe global 3PL market is poised to witness significant growth during the forecast period owing to increase in e-commerce industry and trade activities around the globe, inclination of manufactures and retailers towards enhancing their core competencies for enhance profitability.
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Third Party Logistics (3PL) Market by Transport (Roadways, Railways, Airways, Waterways) and Service (Dedicated Contract Carriage, Domestic Transportation Management, International Transportation Management, Warehousing and Distribution, IT services and Logistics Software) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022
Global Third Party Logistics (3PL) market is estimated to reach $1,109,775 million, states Allied Market Research.
3PL market will grow at a prominent CAGR of 5.16 % from 2016 to 2022.
IT services and logistics software is expected to register a substantial growth with CAGR of 5.72% from 2016 to 2022.
Major volume of goods transported across the world is done through roadways and waterways which constitutes for close to two-thirds of the global3PL market
Advanced IT solutions like EDI (Electronic Data Interchange), VMI (Vendor Managed Inventory) are enhancing the growth of 3PL market.
Other factorsthat contribute to market growth are:
Increase in trading activities due to globalization
Manufacturers and retailers focus on core competencies is increasing
Increase in the e-commerce industry and reverse logistics operations
The global 3PL market is occupied by dedicated contract carriage and domestic transportation management to two-third of the service type segments.
Increase in free trade agreements between the countries is evolving the market of 3PL companies.
Growth in the trade activities around the globe and increase in the e-commerce industry has increased the demand of the 3PL companies
Geographically, Third Party Logistics (3PL) Market is segmented across North America, Europe, Asia-Pacific, and LAMEA.
Asia Pacific is expected to be the largest as well as fastest growing geography at a CAGR of 6.67%
More than half of the 3PL market in Asia pacific was occupied by China in 2014.
India is anticipated to grow at the highest CAGR of 8.13% during 2016 to 2022.
The leading players in the Third Party Logistics (3PL) Market have adopted key strategies such as collaborations, agreement and acquisition to expand their market presence.
DHL, United Parcel Service, FedEx Corporation, Damco, DB Schenker, Kuehne+Nagel Inc., NYK logistics, Panalpina World Transport Ltd., Union Pacific Corporation and BNSF Railway Company are the key players in this industry.
A report titled “Third Party Logistics (3PL) Market - Opportunities and Forecasts, 2014 – 2022” has been recently published by Allied Market Research. It makes an in-depth analysis of current trends, drivers, and restraining factors that affect financial ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from stakeholder’s perspective.
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