Third Party Logistics Market size to Reach USD 8,30,213.10 million by 2028.

 


Market Analysis and Insights : Global Third Party Logistics Market

Third party logistics market size is valued at USD 8,30,213.10 million by 2020 expected to grow at a compound annual growth rate of 8.30% in the forecast period of 2021 to 2028. Data Bridge Market Research report on third party logistics provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

Third-party logistics services lend a hand to the organizations to focus on their core business and make high revenue by dropping operating costs. These services also present value addition to companies for the complete process of the supply chain, leading to the well-organized and efficient supply chain. 

The shippers are focusing on outsourcing the logistics activity to improve their operations and cost-effectiveness and are one of the key factors fueling the growth of the third party logistics market. In line with this, the increased working capital and globalization lead to the demand for proficient inventory management services which will also contribute to the growth of the target market. Also the rapid rise in globalization has helped in setting up a worldwide network of manufacturing activities and is also flourishing the growth of the third-party logistics market. The restructuring of the brick and mortar business models is also favoring the high adoption rates of third-party logistics market. Such factors are broadly supposed to hasten the growth of the third-party logistics market over the forecast period of 2021 to 2028. Moreover, the increasing number of manufacturing firms, improving economic conditions and internet penetration are also providing a boost to the market growth. 

 Get the sample copy of the report :

https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-third-party-logistics-market

Global Third-party Logistics Market Scope and Market Size

Third-party logistics market is segmented on the basis of service type, transport and end users. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of the service type, the third-party logistics market is segmented into dedicated contract carriage (DCC)/ freight forwarding, domestic transportation management (DTM), international transportation management (ITM), warehousing and distribution (W&D) and value-added logistics services (VALS).
  • Based on transport, the third-party logistics market is segmented into roadways, railways, waterways and airways.
  • The end users segment of the third-party logistics market is segmented into manufacturing, retail, healthcare, automotive and others.

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Competitive Landscape and Third-Party Logistics Market Share Analysis

Third-party logistics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to third-party logistics market.

The major players covered in the third-party logistics market report are BDP International, Burris Logistics, GEODIS, C.H. Robinson Worldwide, Inc., CEVA Logistics, NYK Line, Hub Group, Inc., GOGOX, DSV, SINOTRANS LIMITED, DB Schenker, FedEx, United Parcel Service of America, Inc., Deutsche Post AG, J.B. Hunt Transport, Inc., Nippon Express Co., Ltd., Maersk Logistics, XPO Logistics, Inc, Kuehne + Nagel, and YUSEN LOGISTICS CO. LTD among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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