The Third-party Logistics Market Latest Insights, Future Trends, Applications and Business Opportunities to 2029

The Third-party Logistics Market size was valued at USD 1034 Million in 2022 and the total Third-party Logistics Market is expected to grow at a CAGR of 10.45% from 2023 to 2029, reaching nearly USD 2290 Million.

Third-party Logistics Market Overview

The  Third-party Logistics Market   overview gives a thorough analysis of the market size, trade statistics, leading market players, and various market metrics such as life cycle, trends, opportunities, etc. Report helps you understand the context of the Third-party Logistics Market economy as a whole.

Third-party Logistics Market Scope

The report focuses on the major key drivers and restraints for key companies, as well as the current competitive benchmarking and development prospects. The report provides current Third-party Logistics Market trends and future insights in terms of demand, supply chain, and sales, as well as recent changes in the market. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin Sales by Product are all included in this Third-party Logistics Market research report. For the competitive analysis, the report includes the profile of the key market players in the Third-party Logistics Market including company overview, financial performance, product portfolio, and strategies. SWOT and PESTLE analysis were used for the research that combines quantitative and qualitative research methods.

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segmentation

The Third-party Logistics Market is divided into Manufacturing and Automotive based on End Use. In 2022, the manufacturing sector held the biggest market share. One of the biggest markets for 3PL services is manufacturing. This is due to the fact that manufacturers frequently have intricate supply chains that call for specialized logistical knowledge. Manufacturers can increase their supply chain efficiency by streamlining their logistical processes, cutting expenses, and using 3PL suppliers. Inventory management, storage and distribution, transportation, and value-added services like kitting and assembly are a few of the particular services that 3PL companies provide to the industrial sector.

Roadways and Airways are two divisions of the third-party logistics market based on mode of transportation. Through the projection period, the Roadways segment is anticipated to increase significantly. For short- to medium-distance shipments, road transportation is frequently the most flexible and economical option. As a result, many shippers like it, especially those who operate in a single nation or region. The need for last-mile delivery services, which are frequently provided by road transport, has increased as a result of the expansion of e-commerce and online retailing. The need for road transport is anticipated to increase as more customers shop online and seek quicker deliveries.

 

Key Players
• DHL Supply Chain Global Forwarding
• Kuehne + Nagel International AG
• CH Robinson Worldwide, Inc.
• DB Schenker
• UPS Supply Chain Solutions
• Nippon Express Co., Ltd.
• XPO Logistics, Inc.
• Sinotrans Limited
• CEVA Logistics
• Expeditors International of Washington, Inc.
• DSV Panalpina A/S
• Geodis
• JB Hunt Transport Services, Inc.
• Ryder System, Inc.
• Agility

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Regional Analysis

Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the five regions that make up the Third-party Logistics Market. The regional analysis provided in our report helps you understand the Third-party Logistics Market in different regions. Every region has different factors such as political, geographic, economic, etc. which are affecting the Third-party Logistics Market . Local and regional development plans are often affected by the performance of Third-party Logistics Market. The reports help in planning the market strategies which are suitable and appropriately applicable according to specific countries and regions in the market.

Key Questions answered in the Third-party Logistics Market Report are:

What is Third-party Logistics Market ?
What is the forecast period of Third-party Logistics Market ?
Which product segment grabbed the largest share in the Third-party Logistics Market?
What are the factors affecting the Third-party Logistics Market growth?
What is the competitive scenario of the Third-party Logistics Market?
Who are the key manufacturers in the Third-party Logistics Market?
Which region held the largest market share in the Third-party Logistics Market?
What are the opportunities for the Third-party Logistics Market?


Key offerings:

Market Share, Size, and Forecast by Revenue|2022-2029
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Component, Deployment Mode, and Architecture Type
Landscape- Leading key players and other prominent key players.


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