Global Third-Party Logistics Market was valued at US$ 961.08 Bn in 2021, and the market is expected to grow to US$ 1547.28 billion in 2027, at a CAGR of 8.26% during the forecast period.
In its detailed research of the Global Third-Party Logistics Market to 2027, MMR provides an in-depth evaluation of the given sector's current condition and significant drivers. It provides the necessary data and advanced analysis to assist in the development of the best company strategy and the establishment of the best path for market players to achieve maximum growth. This is accomplished by maintaining a current understanding of the most critical drivers, current trends, undiscovered potential, risks and constraints, issues, and the most promising development areas. The examination begins with a review of the Third-Party Logistics fundamentals, which include definitions, classifications, and a market overview. The study then helps with product specifications, supply networks, production processes, and cost structures, giving you a better understanding of the industry's building blocks as well as the major drivers of market dynamics change.
The categorization section looks at the impact of the segments, as well as a look at the market shares established by each component, the overall growth of each component, and the revenue attractiveness of each component.
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Market Segmentation:
The Third-Party Logistics Market is divided into four categories based on mode of transportation: highways, airways, waterways, and railways. The highways sector accounts for the majority of the market and is projected to continue its position in the future years. The massive rise of these divisions is due to improvements in road infrastructure and cross-border commerce. Furthermore, third-party logistics uses the most up-to-date IT technology solutions, such as Warehouse Management Systems and Transport Management Systems, to provide first-party enterprises with innovative delivery services that are dependable.
For example, in September 2018, NEXT Future Transportation Inc. presented an autonomous ground vehicle and an e-shuttle in road vehicles to provide automatic parcel delivery options on public highways.
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Market 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
• Kuehne + Nagel
• Kenco Group Inc.
• Americold Logistics
• DSV Panalpina
• J.B Hunt Transport Inc.
• United parcel service, Inc.
By Regions
- North America (U.S., Canada)
- Europe (U.K., Germany, France, Italy)
- Asia Pacific (China, India, Japan, Singapore, Malaysia, South Korea )
- Latin America (Brazil, Mexico, Argentina, Chile)
- Middle East & Africa (Saudi Arabia, South Africa, Egypt)
The geographical segments are created using investment and distribution data. The regional research covers the market for each region, the rate of growth for each area, assessing and reporting based on historical data for the segment, and an industry-wide porter's five forces analysis. The research provides details on the main competitors' production priorities, product offerings, and key financials. Profit growth, pricing, revenue, product sales, industrial infrastructure, and the company's most recent developments are all factors considered in the research.
High lights of the reports:
- Key industry developments and key insights
- Significant marketing factors such as driver, restraints, opportunity, and challenges
- Number of significant companies and their revenue and net income
- Other market trends
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