The world is currently experiencing a huge challenge which has affected all the industries and markets. Few markets have experienced a high growth in their demand while others have faced a downfall. The extent of growth or drop in the market statistics of different industries by COVID 19 plays an important role in how the future of businesses will shape up in the near future. We at Value Market Research provide you with an impact analysis of COVID 19 on this market with its latest update in the purchased version of the report.
Global Third Party Logistics Market Report By Service (Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing & Distribution (W&D), Value-Added Logistics Services (VALs), By Transport (Roadways, Railways, Waterways, Airways), By End-use (Manufacturing, Retail, Healthcare, Automotive, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028
ID:VMR11213890
April 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Third Party Logistics Market Overview
The Global Third Party Logistics market is predominantly driven by rising growth of e-commerce sector coupled with rising transportation and shipping industry. Third party logistics is an outsourced logistics service offered by third party logistic company to enhanced logistics and supply chain management. The growth of this market is attributed to the growth in online sales and increasing consumer demand for faster delivery and lower prices have spiked demand for 3PL services. 3PLs have also flourished owing to advanced tracking technology such as RFID and GPS, both of which offer extended supply china visibility. In the meantime, internet of things (IoT) technology has improved tracking metrics for trucking and other carriers. The latest trend in this industry is rising adoption of cloud based tracking system in transportation.
The key reason behind the growth of third party logistics is globalization coupled with vibrant market conditions and improvement in the infrastructure and global economy. In addition to this, expansion of online industry owing to rising penetration of internet and mobile along with growing number of warehouses and growth of logistics industry are expected to propel the market. The swift changes in retail and manufacturing business model coupled with adoption of advanced technologies is likely to offer noteworthy opportunities to the third party logistic market in the upcoming year. On the other side, lack of infrastructure, strict border rules about shipping and high taxes is estimated to act as a roadblock for the market growth.
Market players are focusing on strategic alliances such as collaborations and mergers & acquisitions to deliver improved service capabilities to their customers. The report studies few key players of the global Third Party Logistics market in detail covering the company profile, product list and financial details. The companies included in the report are Agility Public Warehousing Company, AmeriCold Logistics, LLC, BDP International, Burris Logistics, C.H. Robinson Worldwide (CHRW) Inc., CEVA Logistics, DB Schenker Logistics, DSV Panalpina A/S, Deutsche Post AG (DHL Group), Expeditors International of Washington, Inc. and FedEx Corporation.
The global Third Party Logistics market is segmented into service, transport, end-use and region.
By Service Analysis
Domestic Transportation Management segment held over 30% market share in 2019. Domestic transportation management services are accomplished in combination with freight intermediaries, which deal with shipment origin point to their shipping destination. The growing trade activities among the unloading dock to a warehouse, mounting carrier rates, growth in cross-docking services, and increasing fuel surcharge drive the growth of the DTM segment. The rising consumer demand in healthcare, pharmaceuticals, and retail, and the stable GDP growth of various countries is further supporting the segment growth.
By Transport Analysis
The roadways segment dominated the global third party logistics market with over 50% share in 2019. The segment is mainly driven by augmented significance on logistics infrastructure and rising public-private partnership model across diverse industries. Also, many government bodies’ initiatives are propelling the growth of roadways segment during the forecast period. Trade liberalization policies and cross-border logistics activities among neighbour countries have increased international trade, hence fuelling the segment growth.
By End-use Analysis
The manufacturing sector held the largest revenue share of 25% in 2019. Manufacturing and logistics work parallelly as the manufacturing industry has a complex supply chain process. The manufacturing industry comprises the procurement of raw materials and other parts from various resources across the globe. The participation of many suppliers and distributors make the logistics activity a tedious job. Hence, the manufacturing sector is outsourcing the logistics activities owing to the benefits offered in terms of reduced transportation cost, supply chain visibility, inventory and vendor management, business process development, and improved customer services.
By Region Analysis
On a regional level, Asia Pacific is projected to grow at a rapid pace during the forecast period. The rising trans-regional trade corridors are likely to create a new window of opportunity for the 3PL service providers. Further, the economic growth of developing countries such as India and China is another factor projected to propel the market growth. In addition to this, increasing investment by government authorities in roads, railways, and airways in order to develop the overall infrastructure for effective transportation is a factor expected to support the revenue growth of the target market in the region.
North America held the largest market share of over 25% in 2019. The growing demand for cold storage in the region is likely to lift-up the third-party logistics market. Moreover, the existence of key players, comprising C.H. Robinson Worldwide (CHRW) Inc., XPO Logistics, Inc., UPS Supply Chain Solutions Inc, and others help the regional market growth.
Market Segmentation covered in the Report:
By Service
The Global Third Party Logistics market is predominantly driven by rising growth of e-commerce sector coupled with rising transportation and shipping industry. Third party logistics is an outsourced logistics service offered by third party logistic company to enhanced logistics and supply chain management. The growth of this market is attributed to the growth in online sales and increasing consumer demand for faster delivery and lower prices have spiked demand for 3PL services. 3PLs have also flourished owing to advanced tracking technology such as RFID and GPS, both of which offer extended supply china visibility. In the meantime, internet of things (IoT) technology has improved tracking metrics for trucking and other carriers. The latest trend in this industry is rising adoption of cloud based tracking system in transportation.
Global Third Party Logistics market was valued at around USD 825 million in 2019 and expected to reach USD 1,650 million, growing at a CAGR of around 8.5% during the forecast period.
The key reason behind the growth of third party logistics is globalization coupled with vibrant market conditions and improvement in the infrastructure and global economy. In addition to this, expansion of online industry owing to rising penetration of internet and mobile along with growing number of warehouses and growth of logistics industry are expected to propel the market. The swift changes in retail and manufacturing business model coupled with adoption of advanced technologies is likely to offer noteworthy opportunities to the third party logistic market in the upcoming year. On the other side, lack of infrastructure, strict border rules about shipping and high taxes is estimated to act as a roadblock for the market growth.
Market players are focusing on strategic alliances such as collaborations and mergers & acquisitions to deliver improved service capabilities to their customers. The report studies few key players of the global Third Party Logistics market in detail covering the company profile, product list and financial details. The companies included in the report are Agility Public Warehousing Company, AmeriCold Logistics, LLC, BDP International, Burris Logistics, C.H. Robinson Worldwide (CHRW) Inc., CEVA Logistics, DB Schenker Logistics, DSV Panalpina A/S, Deutsche Post AG (DHL Group), Expeditors International of Washington, Inc. and FedEx Corporation.
The global Third Party Logistics market is segmented into service, transport, end-use and region.
By Service Analysis
Domestic Transportation Management segment held over 30% market share in 2019. Domestic transportation management services are accomplished in combination with freight intermediaries, which deal with shipment origin point to their shipping destination. The growing trade activities among the unloading dock to a warehouse, mounting carrier rates, growth in cross-docking services, and increasing fuel surcharge drive the growth of the DTM segment. The rising consumer demand in healthcare, pharmaceuticals, and retail, and the stable GDP growth of various countries is further supporting the segment growth.
By Transport Analysis
The roadways segment dominated the global third party logistics market with over 50% share in 2019. The segment is mainly driven by augmented significance on logistics infrastructure and rising public-private partnership model across diverse industries. Also, many government bodies’ initiatives are propelling the growth of roadways segment during the forecast period. Trade liberalization policies and cross-border logistics activities among neighbour countries have increased international trade, hence fuelling the segment growth.
By End-use Analysis
The manufacturing sector held the largest revenue share of 25% in 2019. Manufacturing and logistics work parallelly as the manufacturing industry has a complex supply chain process. The manufacturing industry comprises the procurement of raw materials and other parts from various resources across the globe. The participation of many suppliers and distributors make the logistics activity a tedious job. Hence, the manufacturing sector is outsourcing the logistics activities owing to the benefits offered in terms of reduced transportation cost, supply chain visibility, inventory and vendor management, business process development, and improved customer services.
By Region Analysis
On a regional level, Asia Pacific is projected to grow at a rapid pace during the forecast period. The rising trans-regional trade corridors are likely to create a new window of opportunity for the 3PL service providers. Further, the economic growth of developing countries such as India and China is another factor projected to propel the market growth. In addition to this, increasing investment by government authorities in roads, railways, and airways in order to develop the overall infrastructure for effective transportation is a factor expected to support the revenue growth of the target market in the region.
North America held the largest market share of over 25% in 2019. The growing demand for cold storage in the region is likely to lift-up the third-party logistics market. Moreover, the existence of key players, comprising C.H. Robinson Worldwide (CHRW) Inc., XPO Logistics, Inc., UPS Supply Chain Solutions Inc, and others help the regional market growth.
Market Segmentation covered in the Report:
By Service
- Dedicated Contract Carriage (DCC)/Freight forwarding
- Domestic Transportation Management (DTM)
- International Transportation Management (ITM)
- Warehousing & Distribution (W&D)
- Value-Added Logistics Services (VALs)
- Roadways
- Railways
- Waterways
- Airways
- Manufacturing
- Retail
- Healthcare
- Automotive
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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TABLE OF CONTENTS
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . THIRD PARTY LOGISTICS – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Service
3.7.2 By Transport
3.7.3 By End-use
3.7.4 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL THIRD PARTY LOGISTICS MARKET ANALYSIS BY SERVICE
6.1 Overview by Service
6.2 Historical and Forecast Data
6.3 Analysis by Service
6.4 Dedicated Contract Carriage (DCC)/Freight forwarding Market by Regions
6.6 Domestic Transportation Management (DTM) Market by Regions
6.5 International Transportation Management (ITM) Market by Regions
6.7 Warehousing & Distribution (W&D) Market by Regions
6.8 Value-Added Logistics Services (VALs) Market by Regions
7 . GLOBAL THIRD PARTY LOGISTICS MARKET ANALYSIS BY TRANSPORT
7.1 Overview by Transport
7.2 Historical and Forecast Data
7.3 Analysis by Transport
7.4 Roadways Market by Regions
7.5 Railways Market by Regions
7.6 Waterways Market by Regions
7.7 Airways Market by Regions
8 . GLOBAL THIRD PARTY LOGISTICS MARKET ANALYSIS BY END-USE
8.1 Overview by End-use
8.2 Historical and Forecast Data
8.3 Analysis by End-use
8.4 Manufacturing Market by Regions
8.5 Retail Market by Regions
8.6 Healthcare Market by Regions
8.7 Automotive Market by Regions
8.8 Others Market by Regions
9 . GLOBAL THIRD PARTY LOGISTICS MARKET ANALYSIS BY GEOGRAPHY
9.1. Regional Outlook
9.2. Introduction
9.3. North America
9.3.1. Overview, Historic and Forecast Data
9.3.2. North America By Segment
9.3.3. North America By Country
9.3.4. United State
9.3.5. Canada
9.3.6. Mexico
9.4. Europe
9.4.1. Overview, Historic and Forecast Data
9.4.2. Europe by Segment
9.4.3. Europe by Country
9.4.4. United Kingdom
9.4.5. France
9.4.6. Germany
9.4.7. Italy
9.4.8. Russia
9.4.9. Rest Of Europe
9.5. Asia Pacific
9.5.1. Overview, Historic and Forecast Data
9.5.2. Asia Pacific by Segment
9.5.3. Asia Pacific by Country
9.5.4. China
9.5.5. India
9.5.6. Japan
9.5.7. South Korea
9.5.8. Australia
9.5.9. Rest Of Asia Pacific
9.6. Latin America
9.6.1. Overview, Historic and Forecast Data
9.6.2. Latin America by Segment
9.6.3. Latin America by Country
9.6.4. Brazil
9.6.5. Argentina
9.6.6. Peru
9.6.7. Chile
9.6.8. Rest of Latin America
9.7. Middle East & Africa
9.7.1. Overview, Historic and Forecast Data
9.7.2. Middle East & Africa by Segment
9.7.3. Middle East & Africa by Country
9.7.4. Saudi Arabia
9.7.5. UAE
9.7.6. Israel
9.7.7. South Africa
9.7.8. Rest Of Middle East And Africa
10 . COMPETITIVE LANDSCAPE OF THE THIRD PARTY LOGISTICS COMPANIES
10.1. Third Party Logistics Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments
11 . COMPANY PROFILES OF THIRD PARTY LOGISTICS INDUSTRY
11.1. Company Share Analysis
11.2. Market Concentration Rate
11.3. Comprising C.H. Robinson Worldwide (CHRW) Inc.
11.3.1. Company Overview
11.3.2. Financials
11.3.3. Products
11.3.4. Recent Developments
11.4. XPO Logistics, Inc.
11.4.1. Company Overview
11.4.2. Financials
11.4.3. Products
11.4.4. Recent Developments
11.5. UPS Supply Chain Solutions Inc
11.5.1. Company Overview
11.5.2. Financials
11.5.3. Products
11.5.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Service (USD MN)
- Dedicated Contract Carriage (DCC)/Freight forwarding Market by Geography (USD MN)
- Domestic Transportation Management (DTM) Market by Geography (USD MN)
- International Transportation Management (ITM) Market by Geography (USD MN)
- Warehousing & Distribution (W&D) Market by Geography (USD MN)
- Value-Added Logistics Services (VALs) Market by Geography (USD MN)
- Analysis Market by Transport (USD MN)
- Roadways Market by Geography (USD MN)
- Railways Market by Geography (USD MN)
- Waterways Market by Geography (USD MN)
- Airways Market by Geography (USD MN)
- Analysis by End-use (USD MN)
- Manufacturing Market by Geography (USD MN)
- Retail Market by Geography (USD MN)
- Healthcare Market by Geography (USD MN)
- Automotive Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Third Party Logistics Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Third Party Logistics Report
- Market Research Process
- Market Research Methodology
- Global Third Party Logistics Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Service
- Market Attractiveness Analysis by Transport
- Market Attractiveness Analysis by End-use
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Service (USD MN)
- Dedicated Contract Carriage (DCC)/Freight forwarding Market by Geography (USD MN)
- Domestic Transportation Management (DTM) Market by Geography (USD MN)
- International Transportation Management (ITM) Market by Geography (USD MN)
- Warehousing & Distribution (W&D) Market by Geography (USD MN)
- Value-Added Logistics Services (VALs) Market by Geography (USD MN)
- Global Market Analysis by Transport (USD MN)
- Roadways Market by Geography (USD MN)
- Railways Market by Geography (USD MN)
- Waterways Market by Geography (USD MN)
- Airways Market by Geography (USD MN)
- Global Market Analysis by End-use (USD MN)
- Manufacturing Market by Geography (USD MN)
- Retail Market by Geography (USD MN)
- Healthcare Market by Geography (USD MN)
- Automotive Market by Geography (USD MN)
- Others Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments