Third-party Logistics Market size was valued at USD 1034 Million in 2022 and the total Third-party Logistics Market is expected to grow at a CAGR of 10.45% from 2023 to 2029, reaching nearly USD 2290 Million.
Third-party Logistics Market Overview:
The Third-party Logistics Market report includes New recent developments, trade rules, import-export assessment, business model, value chain optimization, market share, the impact of domestic and localized market participants, evaluates opportunity in terms of emerging income pockets, shifts in market restrictions, tactical market growth analysis, sales volume, segment’s market growths, application niches and dominance, product approvals, product releases, geographic regions, etc..
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Third-party Logistics Market Scope:
A competitor’s information is provided in the highly competitive environment for the Third-party Logistics Market. The information includes a business overview, financials, revenue generated, market potential, research and development investment, new market efforts, geographical presence, firm advantages and disadvantages, product introduction, and application dominance. The information shown above is only related to the businesses’ focus on the Third-party Logistics industry.
Third-party Logistics Market Drivers:
Third-party Logistics providers are responding by building more warehouses and distribution centers, often located closer to urban areas for faster delivery times. Fulfilment is another area where Third-party Logistics providers are playing a key role in the e-commerce industry. As online retailers face increasing pressure to deliver goods quickly and efficiently, many are outsourcing their fulfilment operations to third-party Logistics providers. These providers are able to handle the entire fulfillment process, from receiving orders to picking and packing items to shipping them to customers. Finally, last-mile delivery is a critical component of the e-commerce supply chain. With more consumers shopping online, there is a greater need for fast, reliable delivery options. Third-party Logistics market players are responding by investing in technology and infrastructure to improve their last-mile delivery capabilities, including the use of drones, autonomous vehicles, and other innovative solutions. The growth of e-commerce in North America has been a major driver of the Third-party Logistics industry in the region, creating new opportunities for providers to offer a wide range of logistics services to online retailers and other businesses.
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Third-party Logistics Market Segmentation:
by End Use
• Manufacturing
• Automotive
by Service
• DTM
• ITM
• VALs
by Transport
• Roadways
• Airways
Third-party Logistics Market Key Players:
The major players covered in the Third-party Logistics Market report are
• DHL Supply Chain & Global Forwarding
• Kuehne + Nagel International AG
• C.H. Robinson Worldwide, Inc.
• DB Schenker
• UPS Supply Chain Solutions
• Nippon Express Co., Ltd.
• XPO Logistics, Inc.
• Sinotrans Limited
• CEVA Logistics
• Expeditors International of Washington, Inc.
• DSV Panalpina A/S
• Geodis
• J.B. Hunt Transport Services, Inc.
• Ryder System, Inc.
• Agility
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Regional Analysis:
The causes for the global Third-party Logistics Market’s rise, and the industry’s numerous users, are explored. Market participants, geographies, and special requirements all give data. This study proposal is ready for the market and offers a full evaluation of all important advancements that are now prevalent in all market sectors. Statistics, infographics, and demonstrations have been used to provide key data analysis.
COVID-19 Impact Analysis on Third-party Logistics Market:
The COVID-19 pandemic resulted in a severe and prolonged decline in production utilization, while travel bans and facility closures kept people away from their facilities, leading the Third-party Logistics Market to slow in 2020. The new research features COVID 19’s impact on the Third-party Logistics Market, as well as insights, analysis, estimations, and projections.
Key Questions Answered in the Third-party Logistics Market Report are:
- Which segment was responsible for the largest share in the Third-party Logistics market?
- How was the competitive scenario of the Third-party Logistics market in 2020?
- Which are the key factors responsible for the Third-party Logistics market growth?
- Which region held the maximum share in the Third-party Logistics market in 2020?
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