Global Third-Party Logistics Market

Global Retail Logistics MGlobal Third-Party Logistics Market- By Services (Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing & Distribution (W&D), Value Added Logistics Services (VALs)), By Transportation (Roadways, Railways, Waterways), By End-Use (Manufacturing, Retail, Healthcare, Automotive, Others) and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.arket by Type (Conventional Retail Logistics and E-Commerce Retail Logistics), By Solutions (Commerce enablement, Supply Chain Solutions, Reverse logistics & liquidation and Transportation Management), By Mode of Transport (Railways, Airways, Roadways and Waterways), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

Global Third-Party Logistics Market Overview:

Third-party logistics refers to a form of logistics that provides logistics services by professional enterprises within a specified period in the form of contracts in the logistics channel. It includes current demand and potential demand. Logistics enterprises can excavate in the future and convert it into the social logistics market, which is the latent demand for third-party logistics.

Global Third-Party Logistics Market Insights

The global third-party logistics market has the potential to grow with USD 1785.24 billion with bolstering CAGR in the forecast period from 2020-2027. The company with substantial assets that provide logistics-related services to other companies. Such as transportation, warehousing, inventory management, order management, information integration, and value-added services, or related to the logistics service industry, are driving the market demand for the third-party logistics market.

Under the trend of increasingly fierce competition and specialization of the division of labor, enterprises must focus their primary energies on core business, and hand over part or all of logistics such as transportation and warehousing to more specialized logistics companies to ensure their competitive advantage.

For enterprises, third-party logistics can effectively reduce the operating costs of corporate activities and improve their operational efficiency. Specifically, third-party logistics has different effects on lowering the company’s logistics costs, storage costs, logistics fixed assets, order completion, and order accuracy.

Moreover, third-party logistics companies are generally small in size, have a single service function, and have decentralized operations, making it increasingly challenging to meet the needs of enterprises. In this context, the third-party logistics industry will usher in a new round of integration. With the development of logistics, concentration and inclusion is an inevitable trend of the development of third-party logistics enterprises, and it is also in line with the law of economic growth.

Also, the use of information technology to improve transportation quality and efficiency, improve customer service capabilities. Thus, improve the core competitiveness, is an inevitable choice for many third-party logistics companies to respond to market competition, and is also one of the leading development trends of the third-party logistics industry.

Growth Driver

Cost reduction and efficiency increase

The use of third-party logistics can reduce the fixed asset investment of self-operated logistics. Also, by handing over logistics services to professional companies for contracting, the original logistics system can be integrated and optimized through plan design to reduce unnecessary costs.

Increased logistics standards and increased demand for logistics outsourcing

To reduce costs and improve production efficiency, more and more companies began to choose JIT production mode (Just in time). The essence of which is to keep the material flow and information flow synchronized in production, with the right amount of materials, at the right time, enter the right place. Thus, it produces the right quality products, as far as possible, to achieve the ideal production model of zero inventory, defect-free, and low cost. Also, the logistics activities are becoming larger and more complex, and the enterprise’s self-managed logistics can no longer meet the needs. Therefore, outsourcing logistics to professional third-party logistics companies will be the best choice for management.

By Services Segmental Analysis

Based on the services, the global third-party logistics market classified into Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing & Distribution (W&D), Value Added Logistics Services (VALs). The domestic transportation management segment accounted for the largest share in the global third-party logistics market. It is mainly owing to reduce the complexity in providing services to the customer by delivering the product on time. It coupled to reduce the cost that involves the effective management of a purchased transportation process. Moreover, emerging globalization and penetration of internet services have increased the demand for customers to provide logistics operations in a safe and timely manner.

By Transportation Segmental Analysis

Based on the transportation, the global third-party logistics market segmented into Roadways, Railways, Waterways. The roadways segment generated the most significant revenue in recent years, and it expected that it would remain at the same level during the third-party logistics market forecast. With the development of highways and bolstering logistics infrastructure is propelling the market value for the third-party logistics market. In addition to it, government initiatives and rising investment in developing transportation networking are also emerging demand for third-party logistics.

By End-use Segmental Analysis

Based on the end-use, the global third-party logistics market categorized into Manufacturing, Retail, Healthcare, Automotive, Others. The retail segment accounts for the largest share in the global third-party logistics market and will continue to grow in the forecast period from 2020-2027. Due to the emerging e-commerce industry, third-party logistics are gaining momentum in increasing market share. Also, the adoption of predictive analysis in 3PL to reduce cost, improve function, and to take care of all the delivering the product at timely manner are bolstering the market demand for the global third-party logistics market.

By Region Segmental Analysis

Based on geography, the global third-party logistics market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. In the Asia-Pacific region, China’s third-party logistics market is particularly prominent. It is owing to the development of third-party logistics, especially with the entry of foreign companies and the intensification of market competition, companies have gradually deepened their understanding of the importance of logistics. The demand for specialized and multi-functional third-party logistics is increasing day by day.

Competitor Analysis

Companies in the global third-party logistics market include C.H. Robinson Worldwide, Inc., DB Schenker, DHL International GMBH, FedEx Corporation, KUEHNE+NAGEL Inc., Maersk, Nippon Express, Panalpina World Transport Ltd., Union Pacific Railroad, United Parcel Service, and others.

Key Stakeholders                                     

  • Market research and consulting firms
  • Industry associations
  • Global third-party logistics service companies
  • Research organizations and consulting companies’ third-party logistics
  • Regulatory bodies

 

The objective of the Research

  • Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
  • Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
  • Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
  • Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
  • The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

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

By Region

  • Europe
  • North America
  • Asia Pacific
  • South America
  • Middle East & Africa

Global Retail Logistics Market

Report Content

  1. Research Strategic Development
    • Market Modelling
    • Product Analysis
    • Market Trend and Economic Factors Analysis
    • Market Segmental Analysis
    • Geographical Mapping
    • Country Wise Segregation
  2. Research Methodology
    • Identification of Target Market
    • Data Acquisition
    • Refining of Data/ Data Transformations
    • Data Validation through Primary Techniques
    • Exploratory Data Analysis
    • Graphical Techniques/Analysis
    • Quantitative Techniques/Analysis
    • Visual Result/Presentation
  3. Executive Summary
  4. Market Insights
    • Economic Factor Analysis
      • Drivers
      • Trends
      • Opportunities
      • Challenges
    • Technological Landscape
    • Competitors & Product Analysis
    • Regulatory Framework
    • Company market share analysis, 2019
    • Porter’s Five forces analysis
    • New Investment Analysis
    • PESTEL Analysis
  5. Global Retail Logistics Market Overview
    • Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Market Share & Forecast, 2016-2027
        • By Type
          • Conventional Retail Logistics
          • E-Commerce Retail Logistics
        • By Solutions
          • Commerce enablement
          • Supply Chain Solutions
          • Reverse logistics & liquidation
          • Transportation Management
        • By Mode of Transport
          • Railways
          • Airways
          • Roadways
          • Waterways
        • By Region
          • North America
          • Europe
          • Asia Pacific
          • South America
          • Middle East & Africa
  1. North America Retail Logistics Market Overview
    • North America Retail Logistics Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • North America Retail Logistics Market Share & Forecast, 2016-2027
        • By Type
          • Conventional Retail Logistics
          • E-Commerce Retail Logistics
        • By Solutions
          • Commerce enablement
          • Supply Chain Solutions
          • Reverse logistics & liquidation
          • Transportation Management
        • By Mode of Transport
          • Railways
          • Airways
          • Roadways
          • Waterways
        • By Country
          • US
          • Canada
          • Mexico
        • Company Market Share (Top 3-5)
        • Economic Impact Study on North America Retail Logistics Market
  1. Europe Retail Logistics Market Overview
    • Europe Retail Logistics Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Europe Retail Logistics Market Share & Forecast, 2016-2027
        • By Type
          • Conventional Retail Logistics
          • E-Commerce Retail Logistics
        • By Solutions
          • Commerce enablement
          • Supply Chain Solutions
          • Reverse logistics & liquidation
          • Transportation Management
        • By Mode of Transport
          • Railways
          • Airways
          • Roadways
          • Waterways
        • By Country
          • Germany
          • UK
          • France
          • Italy
          • Rest of Europe
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Europe Retail Logistics Market
  1. Asia Pacific Retail Logistics Market Overview
    • Asia Pacific Retail Logistics Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Asia Pacific Retail Logistics Market Share & Forecast, 2016-2027
        • By Type
          • Conventional Retail Logistics
          • E-Commerce Retail Logistics
        • By Solutions
          • Commerce enablement
          • Supply Chain Solutions
          • Reverse logistics & liquidation
          • Transportation Management
        • By Mode of Transport
          • Railways
          • Airways
          • Roadways
          • Waterways
        • By Country
          • China
          • India
          • Japan
          • Australia
          • Rest of Asia Pacific
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Asia Pacific Retail Logistics Market
  1. South America Retail Logistics Market Overview
    • South America Retail Logistics Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • South America Retail Logistics Market Share & Forecast, 2016-2027
        • By Type
          • Conventional Retail Logistics
          • E-Commerce Retail Logistics
        • By Solutions
          • Commerce enablement
          • Supply Chain Solutions
          • Reverse logistics & liquidation
          • Transportation Management
        • By Mode of Transport
          • Railways
          • Airways
          • Roadways
          • Waterways
        • By Country
          • Brazil
          • Argentina
          • Rest of South America
        • Company Market Share (Top 3-5)
        • Economic Impact Study on South America Retail Logistics Market
  1. Middle East & Africa Retail Logistics Market Overview
    • Middle East & Africa Retail Logistics Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Middle East & Africa Retail Logistics Market Share & Forecast, 2016-2027
        • By Type
          • Conventional Retail Logistics
          • E-Commerce Retail Logistics
        • By Solutions
          • Commerce enablement
          • Supply Chain Solutions
          • Reverse logistics & liquidation
          • Transportation Management
        • By Mode of Transport
          • Railways
          • Airways
          • Roadways
          • Waterways
        • By Country
          • Saudi Arabia
          • UAE
          • South Africa
          • Rest of Middle East & Africa
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Middle East & Africa Retail Logistics Market
  1. Competitor Analysis
    • Company Description
    • Financial Analysis
    • Key Products
    • Key Management Personnel
    • Contact Address
    • SWOT Analysis
    • Company Profile
      • H. Robinson Worldwide, Inc.
      • Deutsche Post AG
      • Expeditors International of Washington Inc.
      • FedEx Corp.
      • B. Hunt Transport Services Inc.
      • Kuehne + Nagel International AG
      • Penske Truck Leasing Co. LP
      • Ryder System Inc.
      • The Maersk group
      • United Parcel Service, Inc.
      • XPO Logistics Inc.
      • Panalpina are
      • Other Prominent Players