Report Description
A recent market research report published by Data Insights Partner on Third-Party Logistics Market provides in-depth analysis of segments and sub-segments on a regional and international level. The research study also emphasizes the impact of restraints, drivers, and macro indicators on the regional and global Third Party Logistics Market over both the short and long term. A detailed presentation of forecasts, trends and dollar values of the international third-party logistics market is offered.
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Market Insights:
In accordance with the report, the third-party logistics market is forecast to grow at a CAGR of XX% over the forecast period. The global third-party logistics market was valued at US$ XX.X million in 2019 and is expected to reach US$ XX.X million in 2031, growing at a significant CAGR rate during the forecast period. The third party industry turns out to be spectacular as all the driving elements are in place. The expansion of the logistics market is strongly influenced by a number of factors. This market has been identified as a by-product of all manufacturing sectors active today. The development of technology, the presence of additional distribution channels and the production capacity of the market affect the market growth. The development of other end-user industries affects the market expansion. It has been found that the logistics industry is developing faster and offering low-cost shipping to various end-user sectors of products or some of the service-based end-user industries. The logistics market has changed dramatically as a result of the trade movement. By-products are those that arise from the logistics market. One of the drivers of the third-party logistics business is the increasing demand for consumer goods. Key market drivers include local delivery, last-minute shopping, and offering fast and convenient services. Customers are more likely to buy products that match their preferences. The companies use cutting-edge technology to increase their supply.
Research methodology:
In order to craft the detailed study of the global Third Party Logistics market, a robust research methodology has been adopted which helps in determining the key insights and also assesses the growth prospects of the Third Party Logistics market. Extensive and iterative research methodology focused on minimizing variance to provide the most accurate estimates and forecasts possible. The company uses a combination of bottom-up and top-down approaches to segment and estimate quantitative aspects of the market. Our research methodology implements a mix of primary and secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; documents published by the government,
COVID-19 Scenario Analysis:
The outbreak of COVID-19 has shaken the entire world economy. In this scenario, some industries are doing reasonably well while others have been crushed. This section of the report examined the overall status of the COVID-19 scenario. The industry experienced a huge drop in sales. Likewise, the drop-shipping market was negatively impacted by the temporary closure of production/processing facilities. The analysts have also focused on the key actions the companies are taking to withstand the harsh scenario.
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Covered segment:
Third Party Logistics Market Compound annual growth rates for all segments have also been provided for 2019 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessments from industry analysts, input from industry experts and industry participants across the value chain.
Key segments:
Third Party Logistics Market research report provides in-depth coverage of the industry with estimates and forecasts from 2022 to 2031 for the following segments:
Third-Party Logistics Market, by Service, 2022-2031 (US$ Mn)
- domestic transportation
- International transportation
- Value added warehousing
- distribution
- Other
Third-Party Logistics Market, by Mode of Transport, 2022-2031 (USD Million)
- railways
- lanes
- waterways
- respiratory tract
Third-Party Logistics Market, by Application, 2022-2031 (US$ Mn)
- production
- retail trade
- healthcare
- automobile
- Other
Report Highlights:
The main objective of the Third-Party Logistics Market report is to help the user to understand the market in terms of its definition, segmentation, market potential, influential trends and the challenges faced by the market with different major geographies and more than 30 countries around the world. Extensive research and analysis was carried out during the preparation of the report. This research will help readers gain a thorough understanding of the market.
Third-Party Logistics Market, by Region, 2022-2031 (USD Million)
- North America (United States, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Russia, Spain and Rest of Europe)
- South Asia (India, Pakistan and Bangladesh)
- East Asia (China, Japan and South Korea)
- Southeast Asia (Indonesia, Thailand, Singapore, Malaysia, rest of Southeast Asia)
- Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
- Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
- South America (Brazil, Argentina, Colombia, Chile and Rest of SA)
- Oceania (Australia and New Zealand)
Company profile:
In order to strengthen their position in the global market, key suppliers/manufacturers focus on business expansion and product innovation. Manufacturers/producers are also working to increase their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the leading manufacturers in the global third party logistics market:
- H. Robinson Worldwide of the United States
- BDP International Inc. from the United States
- CEVA Logistics of Switzerland
- Kerry Logistics in Hong Kong
- FedEx Corporation of the United States
- Nippon Express from Japan
- DSV Panalpina A/S from Denmark
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Highlights of the Third Party Logistics market report:
- Detailed analysis of the parent market
- The strategies and products of the major players deployed in the competitive landscape
- Market segmentation in depth analysis
- Market size in terms of volume and value, past, present and future scenarios
- Potential and special areas as well as geographic regions with promising growth prospects
- Market participants use this information to maintain and grow their market presence, so it is important to have an unbiased perspective on market performance.
- Recent advances and technological trends in the industry