Third-Party Logistics Market Overview:
For the global industry’s third-party logistics industry report analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to supplement existing data, segment the market, estimate overall market size, and anticipate market size and growth rate.
Primary and secondary research is used to identify market leaders, while primary and secondary research is used to assess market revenue. In-depth interviews with important thought leaders and industry professionals, such as experienced front-line staff, CEOs, and marketing executives, were conducted as part of the core research. Primary research comprised in-depth interviews with key thought leaders and industry professionals, such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to calculate global market percentage splits, market shares, growth rates, and breakdowns, which are then compared to primary data.
Expected Growth the third-party logistics market had a value of US$ 961.08 billion in 2021, and by 2029, it is projected to have grown to US$ 1813.44 billion, with a CAGR of 8.26%.
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Market Scope:
By defining and assessing market segments and predicting market size, the study aids comprehension of the Global Third-Party Logistics Market dynamic structure. In addition, the report includes a competitive analysis of significant firms based on pricing, financial state, application expansion ambitions, and geographical presence. The research also includes a PESTLE analysis to help shareholders prioritize their efforts and investments in the Global Third-Party Logistics Market.
External and internal factors that are predicted to have a positive or negative impact on enterprises have been researched, presenting decision-makers with a clear picture of the sector’s future. By studying market segments and projecting Third-Party Logistics Market size, the study also assists in understanding the dynamic structure of the Global Third-Party Logistics Market. The study acts as a resource for investors by depicting the competitive analysis of prominent businesses in the Global Third-Party Logistics Market based on price, financial status, growth strategies, and geographical presence.
Segmentation:
The Third-Party Logistics Market is divided into four categories based on the mode of transportation: roads, airways, canals, and railways. The highways category takes up the greatest share and is anticipated to keep its position in the market in the approaching years. The road network and cross-border trade are to blame for these segments’ tremendous expansion. Additionally, third-party logistics adopts cutting-edge IT technologies, such as Transport Management Systems and Warehouse Management Systems, to offer first-party businesses reliable and innovative delivery services.
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Key Players:
• DHL GROUP (Bonn, Germany)
• C.H ROBINSON (U.S)
• Ceva Logistics ( France )
• Fed EX (U.S)
• Nippon Express (Japan)
• BDP International
• United Parcel Service of America
• XPO Logistics
Regional Analysis:
An study of the Third-Party Logistics Market at the national level focuses on categories indicated as potentially high-growth, nations with the biggest market share, and countries with the highest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Third-Party Logistics Market study.
COVID-19 Impact Analysis on Third-Party Logistics Market: The report covers COVID-19 impact on Third-Party Logistics market.
Key Questions Answered in the Third-Party Logistics Market Report are:
- What will be the Third-Party Logistics market’s CAGR throughout the projected period?
- Which market category emerged as the market leader in the Third-Party Logistics market?
- Who are the key players in the Third-Party Logistics market?
- How big will the Third-Party Logistics market be in 2029?
- Which firm had the biggest market share in the Third-Party Logistics market?
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