Third-party Logistics Market Overview:
This Third-party Logistics Market study looks at current and emerging industry trends and dynamics in the global Third-party Logistics market. Third-party Logistics Extensive market forecasting for the major market segments is carried out between 2023 and 2029. Extensive Third-party Logistics market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Third-party Logistics market, key players are profiled and their strategies are thoroughly evaluated.
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Third-party Logistics Market Scope:
The analysis provides a comprehensive assessment of the current state of the Third-party Logistics market, including the latest trends, drivers, and an overview of the overall Third-party Logistics market dynamics. The growing demand for Third-party Logistics is a key factor propelling market growth. The research on the Third-party Logistics market delves into aspects such as technology, end-user segments, product types, and the geographical distribution.
Third-party Logistics Market Drivers:
The growth of e-commerce in North America has been significant in recent years and has contributed to the increased demand for third-party Logistics services in the region. According to MMR research study, e-commerce sales in North America amounted to $791.7 billion in 2020 and is expected to reach $1.15 trillion by 2023. This growth has created a greater need for logistics services, particularly in the areas of warehousing, fulfilment, and last-mile delivery. With more consumers shopping online, there is a greater demand for warehousing facilities to store and manage inventory. Third-party Logistics providers are responding by building more warehouses and distribution centers, often located closer to urban areas for faster delivery times. Fulfilment is another area where Third-party Logistics providers are playing a key role in the e-commerce industry.
Third-party Logistics Market Segmentation:
by End Use
• Manufacturing
• Automotive
by Service
• DTM
• ITM
• VALs
by Transport
• Roadways
• Airways
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Third-party Logistics Market Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
• DHL Supply Chain & Global Forwarding
• Kuehne + Nagel International AG
• C.H. 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
• J.B. Hunt Transport Services, Inc.
• Ryder System, Inc.
• Agility
Regional Analysis:
The regional section of the Third-party Logistics market study incorporates factors like specific market influencers and alterations in market regulations that affect both current and future market trends. It also encompasses data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies. These indicators are utilized to anticipate potential market scenarios across different industries. Additionally, the analysis of projection data for the region considers the presence and accessibility of global players, along with the challenges they encounter due to significant competition or limited competition from local and domestic brands.
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COVID-19 Impact Analysis on Third-party Logistics Market:
The COVID-19 epidemic has had a significant impact on the global Third-party Logistics industry. Third-party Logistics Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Third-party Logistics market to decelerate in 2020. The negative impact of COVID-19 on the Third-party Logistics market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2021, owing to increased demand for Third-party Logistics .
Key Questions Answered in the Third-party Logistics Market Report are:
- Which segment was responsible for the largest share in the Third-party Logistics market?
- How was the competitive scenario of the Third-party Logistics market in 2020?
- Which are the key factors responsible for the Third-party Logistics market growth?
- Which region held the maximum share in the Third-party Logistics market in 2020?
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