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Third Party Logistics market size forecast to reach USD 1,029.47 billion till 2022

Third Party Logistics market size is forecast to reach USD 1,029.47 billion till 2022, as per a new research report by Global Market Insights, Inc. Emphasis on core activities along with cost effectiveness is likely to spur global demand.

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Third Party Logistics market size forecast to reach USD 1,029.47 billion till 2022

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  1. 3PL Market size forecast to reach USD 1,029.47 billion till 2022: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. Key Insights from Third Party Logistics Market: • Global third party logistics market revenue was USD 733.69 billion in 2014, with estimation of USD 1,029.47 billion by 2022, growing at 4.4% from 2015 to 2022. • Global demand in DTM was USD 238.90 billion in 2014 and is predicted to hit revenue of USD 361.84 billion by 2022, growing at a CAGR of 5.4% from 2015 to 2022. Logistics software market is expected to grow at 6.5% during the next few years. • Asia Pacific 3PL market size leads the regional demand with revenue share of 35.2% in 2014 and is expected to grow at 5.2% through the next few years. The region is predicted to exhibit high growth rate owing to increasing adoption of distribution and warehousing facilities in nations such as China, Thailand, India, Singapore and Indonesia. North America is anticipated to reach USD 265.40 billion up to 2022.

  3. Continued... • Moderately fragmented 3PL market share consists of participants including C.H. Robinson, Expeditors International of Washington, Kuehne + Nagel, J.B. Hunt, Deutsche Post DHL (Exel), and UPS Supply Chain Solutions among others. • A majority of providers target intensely competitive industries such as automotive, retail, computers, and electronics where margins are very low. Some partner with firms providing detailed supply chain collaboration services. Leading players also collaborate with other companies including competitors for achieving logistics cost and service improvements. • Inventory management through virtualization and flexible distribution strategies, enable retailers offering omni-channel functionality to quickly respond to dynamic market demand

  4. U.S. 3PL market size by service, 2012-2022 (USD Billion)

  5. Browse Full Market Research Report Third Party Logistics Market@ https://www.gminsights.com/industry-analysis/third-party-logistics-3pl-market-size Request for a Sample of this Research report @ https://www.gminsights.com/request-sample/detail/132

  6. 360° Analysis • Application Analysis • Leading vendors are now increasingly using latest IT applications and software that helps in enhancing distribution coverage and also help in providing quality service to the customers. Furthermore, Omni-channel distribution system is likely to gain its significance owing to increasing use of online marketing services. • Regional Analysis • Asia Pacific third party logistics market was valued around USD 255 billion in 2014. The industry is expected to grow at a CAGR of over 5% from 2015 to 2022 and is projected reach USD 385 billion by 2022. Europe 3PL market size was projected to be valued around USD 210 billion by 2022 and is forecast to grow at a CAGR of over 2.5% over the forecast period. Eurozone crisis is anticipated to hamper the industry demand for the service • Competitive Market Share • Key industry participants accumulating significant 3PL market share include Kuehne + Nagel, UPS Supply Chain Solutions, Expeditors International, Deutsche Post DHL (Exel) and J.B. Hunt (JBI, DCS & ICS) among others.

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