News Contact Us

Third-party Logistics (3PL) Market Outlook 2020 – Growth Drivers, Opportunities and Forecast Analysis to 2026

Author : Ronak Bora | Published Date : 2020-09-15 

The third-party logistics (3PL) market registered valuation of over $1 trillion in 2019, and is anticipated to depict growth at 9% CAGR through 2026. This growth is ascribed to rising prevalence of globalization, which is compelling many enterprises to outsource logistics activities to third party providers.

In terms of the solutions spectrum, the third-party logistics market is segmented into DTM (Domestic Transportation Management), DCC (Dedicated Contract Carriage), ITM (International Transportation Management), logistics software and warehousing & distribution segments.

Of these, the DTM segment is estimated to show a commendable growth trajectory. This segmental growth is largely attributed to the robust demand for third-party logistics services from the manufacturing sector.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/132

The DTM segment consists predominantly of freight brokerage services. It also involves managed transportation, and digital freight brokers (DFMs) or digital freight matching enterprises, albeit to a lesser extent.

Third-party logistics market from the DTM segment is likely to witness steady growth in the years ahead, owing to consistent port-to-warehouse & warehouse-to-warehouse moves, robust domestic economy, escalating carrier rates, enhanced revenue from fuel surcharge, and consistent adoption of outsourcing by shippers.

In 2018, the warehousing and distribution segment held over 20% of the overall third-party logistics industry share in 2019. Warehousing is one of the most common third-party logistics services. These warehouses have the capacity to store, ship as well as handle returns of products in a seamless manner. International warehouses also facilitate the global expansion of enterprises by establishing a worldwide supply chain.

As demand for advanced and future-ready technologies like robotics, automation and artificial intelligence surges, in order to accommodate the needs of the e-commerce sector, the 3PL market share from the warehousing & distribution segment is likely to gain significant traction in the foreseeable future.

Request for customization @ https://www.gminsights.com/roc/132

There is a vast array of transportation options available to third-party logistics providers. The 3PL market in terms of mode of transport is categorized into road & rail, sea and air. Among these, the sea segment in North America is anticipated to register a significant growth rate of 9% CAGR through 2026.

The sea mode of shipping, also called ocean freight, is one of the most commonly used transportation methods for logistics providers, particularly for long-distance deliveries. Shipping by sea is among the most cost-effective and reliable methods of shipping for large freight volumes.

On the regional front, South America is emerging as a considerable revenue pocket for the global third-party logistics market. Multiple favorable initiatives from regional governments including the CBI (Caribbean Basin Initiative) and the CAFTA-DR (Dominican Republic-United States-Central America Free Trade Agreement) are facilitating the expansion of the manufacturing sector. This expansion will in turn propel demand for third-party logistics services in the region.

Get In-depth table of contents @ https://www.gminsights.com/toc/detail/third-party-logistics-3pl-market-size

The Middle East & Africa third-party logistics market accounted for nearly 8% of the cumulative industry share in 2019. This growth is characterized by the rising presence of key e-commerce industry players, including Amazon, which is propelling regional demand for third-party logistics to a significant extent.

Report Content

Chapter 1.    Methodology and Scope

1.1.    Definition and forecast parameters

1.1.1. Definitions

1.1.2. Methodology and forecast parameters

1.2.    Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2.    Executive Summary

2.1.    3PL industry 360° synopsis, 2016 – 2026

2.1.1. Regional trends

2.1.2. Solution trends

2.1.3. Mode trends

Chapter 3.    3PL Industry Insights

3.1.    Industry segmentation

3.2.    Industry landscape, 2016 – 2026

3.3.    Industry ecosystem analysis

3.3.1. Inbound logistics

3.3.2. Outbound logistics

3.3.3. Client to supplier returns process

3.3.4. Customer to client returns process

3.3.5. Value Added Warehousing & Distribution (VAWD)    Order fulfillment    Reverse logistics

3.3.6. Supply Chain Management (SCM) service/logistics BPO

3.3.7. Vendor matrix

3.4.    Technology & innovation landscape

3.4.1. AGVs in logistics and warehousing

3.4.2. Impact of Blockchain & IoT

3.4.3. Implementation of cloud services

3.5.    Regulatory landscape

3.6.    Industry participant analysis

3.6.1. Major pain points

3.7.    Customer analysis

3.7.1. E-commerce & retail

3.7.2. Manufacturing

3.7.3. Food & beverage

3.7.4. Oil & gas

3.8.    Industry impact forces

3.8.1. Growth drivers    Growing applications of reverse logistics in retail industry    Technological advancements in logistics and SCM in the U.S.    Rising demand from manufacturing industry to manage inventory and supply chain in Europe    Government initiatives encouraging the Asia Pacific market growth    Emerging e-commerce industry in South America and MEA

3.8.2. Industry pitfalls & challenges    Lack of logistics control    Risks associated with cross border transportation

3.9.    Growth potential analysis

3.10.    Porter's analysis

3.10.1.    Supplier power

3.10.2.    Buyer power

3.10.3.    Threat of new entrants

3.10.4.    Threat of substitutes

3.10.5.    Internal rivalry

3.11.    Competitive landscape, 2019

3.11.1.    Company market share analysis    North America    Europe    Asia Pacific    South America    MEA

3.11.2.    Overview of key players

3.11.3.    Strategy dashboard

3.12.    PESTEL analysis

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

Related News

Positron Emission Tomography Market To Witnessed An Appreciable Growth By 2026

Published Date: 2020-11-30         Author: Ronak Bora

Tentatively called ‘Global Positron Emission Tomography Market Research Report’, has compiled the report having undertaken extensive research and providing an in-depth evaluation of the global market. The report is basically inclusive of a detailed study of this market in combination wit... Read More

Medical Imaging Workstations Market Is Predicted to Witness A Massive Growth Up To 2026

Published Date: 2020-11-30         Author: Ronak Bora

An inherent blend of vital market definitions, the medical imaging workstations market report comprises details pertaining to the overall scope of the industry, pivotal insights, and parameters such as the industry ecosystem analysis, growth drivers responsible for fueling the commercialization matr... Read More

Surgical Devices Market Revenue & Regional Analysis Forecast to 2026

Published Date: 2020-11-30         Author: Ronak Bora

The research report on surgical devices market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segm... Read More

© 2020 Fractovia. All Rights Reserved