Global Third Party Logistics Market Size, Share, Outlook, Growth, Key Players and Forecast 2019-2025
The global third party logistics market size is expected to reach USD 1.2 trillion by 2025, according to a new report by Radiant Insights, Inc., exhibiting a CAGR of 7.5% over the forecast period. Logistics plays a vital role in most of businesses; a reliable and robust logistics service is a primary requirement for the development of any business. A strong logistical infrastructure handled by 3PL providers helps the outsourcer focus on its core business. Globalization has enabled companies to set up a global business network that necessitates complex transportation services. This, in turn, is expected to drive demand for outsourced logistics services over the coming years.
Download Free Sample Report @ https://www.radiantinsights.com/research/third-party-logistics-3pl-market-2025/request-sample
Technology has been transforming 3PL services and demand within the supply chain for digitalization, automation, and data collection capabilities has been increasing. Thus, 3PL providers are laying greater emphasis on technologically-driven services by investing in IT solutions, blockchain solutions, cloud-based solutions, mobile technologies, and proprietary innovations to adopt a leading-edge approach.
E-commerce has transformed the traditional retail sector where logistics plays an important role. In some instances when a product is returned, the company needs to manage the reverse logistics process; 3PL providers are leveraging this opportunity by providing flexible and specialized services. These advanced services can allow end users or the shipper to track the movement of goods or products.
There is intense competition among 3PL providers. New competitors are entering the 3PL market with customized and industry-specific services. To remain competitive in the market, leading companies are strategically involved in collaborations with and acquisitions of small- and mid-sized companies.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/third-party-logistics-3pl-market-2025
Further key findings from the report suggest:
• The value-added services segment is expected to exhibit the highest CAGR over the forecast period, owing to demand for agile supply chain networks across multiple industries
• Need for complex logistics and warehouse operations is boosting demand for 3PL solutions in the retail sector
• Globalization and sustainable economic growth in several countries are driving international trade, thereby driving the airways segment to witness high growth over the forecast period
• Asia Pacific is anticipated to register a CAGR of over 8.5% over the forecast period, which can be attributed to the fact that the region leads the global 3PL market in terms of B2C e-commerce sales
• FedEx; DHL International GmbH; C.H. Robinson Worldwide Inc.; KUEHNE + NAGEL; and UPS, Inc. are some of the prominent 3PL providers in the market
Read all Reports of this category @ https://www.radiantinsights.com/catalog/technology-and-media
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Download Free Sample Report @ https://www.radiantinsights.com/research/third-party-logistics-3pl-market-2025/request-sample
Technology has been transforming 3PL services and demand within the supply chain for digitalization, automation, and data collection capabilities has been increasing. Thus, 3PL providers are laying greater emphasis on technologically-driven services by investing in IT solutions, blockchain solutions, cloud-based solutions, mobile technologies, and proprietary innovations to adopt a leading-edge approach.
E-commerce has transformed the traditional retail sector where logistics plays an important role. In some instances when a product is returned, the company needs to manage the reverse logistics process; 3PL providers are leveraging this opportunity by providing flexible and specialized services. These advanced services can allow end users or the shipper to track the movement of goods or products.
There is intense competition among 3PL providers. New competitors are entering the 3PL market with customized and industry-specific services. To remain competitive in the market, leading companies are strategically involved in collaborations with and acquisitions of small- and mid-sized companies.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/third-party-logistics-3pl-market-2025
Further key findings from the report suggest:
• The value-added services segment is expected to exhibit the highest CAGR over the forecast period, owing to demand for agile supply chain networks across multiple industries
• Need for complex logistics and warehouse operations is boosting demand for 3PL solutions in the retail sector
• Globalization and sustainable economic growth in several countries are driving international trade, thereby driving the airways segment to witness high growth over the forecast period
• Asia Pacific is anticipated to register a CAGR of over 8.5% over the forecast period, which can be attributed to the fact that the region leads the global 3PL market in terms of B2C e-commerce sales
• FedEx; DHL International GmbH; C.H. Robinson Worldwide Inc.; KUEHNE + NAGEL; and UPS, Inc. are some of the prominent 3PL providers in the market
Read all Reports of this category @ https://www.radiantinsights.com/catalog/technology-and-media
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Comments
Post a Comment