Third-party Logistics Market Analysis by Service Type, mode of transportation, Region and Business Growth Drivers by 2018-2026

                                                                               
Third-party Logistics refers to the process by which a manufacturer outsources logistics and distribution functions.

           Third-party Logistics Market



Third-party Logistics refers to the process by which a manufacturer outsources logistics and distribution functions. Inventory management, cross-docking, door-to-door delivery, and product packaging are all services that a 3PL company can provide. Due to the rise of the e-commerce industry, the market for 3PL services is likely to grow significantly. Furthermore, demand for this service is likely to rise in the near future as manufacturers and retailers focus more on their core business (known as core competencies) and subcontracting tasks, such as logistics, in which they lack expertise. As a result of the increased competition, manufacturers' attention has shifted to promoting different expertise in manufacturing and distribution.


One of the primary drivers of the global Third-Party Logistics Market is the growing e-commerce industry. For example, worldwide B2C ecommerce revenue reached US$ 2.1 trillion in 2016, up from US$ 1.8 trillion in 2015, and is predicted to reach US$ 2.4 trillion by 2017. Several e-commerce businesses that use the internet to sell their goods do not have their own logistical services. This also contributes to the rise in TPL demand. As a growing number of startups are unable to afford their own logistics services, the demand for third-party logistics is growing. Furthermore, the convenience of purchasing online is driving client adoption of online shopping, which is likely to accelerate expansion of third-party logistic services in the e-commerce business.


Market Segmentation:

By service type
  • Dedicated Contract Carriage
  • Domestic transportation management
  • International transportation management
  • Warehouse & distribution management
  • IT service and logistics software

By mode of transportation
  • Waterways
  • Airways
  • Railways
  • Roadways

By end users
  • Manufacturing
  • Retail
  • Healthcare
  • Automotive
  • Others

The key players operating in the third party logistics market include AmeriCold Logistics LLC, BDP International, Burris Logistics, C.H. Robinson Worldwide, CEVA Logistics, DB Schenker Logistics, DHL Supply Chain, FedEx, GEODIS, J. B. Hunt, Kintetsu World Express, Inc., Landstar System, Inc., Nippon Express Co., Ltd, Panalpina World Transport Ltd., Ryder Supply Chain Solutions, Schneider National, Inc., SinoTrans (HK) Logistics Limited, Total Quality Logistics, Inc., Transplace Texas LP, Unyson Logistics, Inc., UPS Supply Chain Solutions, and XPO Logistics, Inc.

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