Third party logistics market

Third-party Logistics Market Global Industry Insights, Trends, Outlook, an
d Opportunity Analysis, 2016–2024
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REPORT DESCRIPTION
Third party logistics (abbreviation TPL or 3PL) in a supply chain management or logistic is an outsource service provider
company. The increasing globalization for trade offers a worldwide networking platform for manufacturing companies. To
keep up the productively, the demand for third party logistics companies is raised by production companies. The increasing
e-commerce industry become one of the major river for the growth of global third party logistics market in the most recent
couple of years. In 2016, the global B2C ecommerce market generated revenue of US $2.1 trillion up from US$ 1.8 trillion
in 2015 and is expected to reach up to US $2.4 trillion by the end of 2017. The e-commerce companies which adopted the
online platform to sell their products and not all have their own logistics services. The increasing number startups in this
industry, majorly not able to afford their own logistics services have increased the demand for third party logistic service
companies. Moreover, the convenience of shopping online for the consumers have also increased the demand for the third
party logistic services in e-commerce industry. Hence, this will remain a key factor for the third party logistics market as
the emerging economies are expected to increase the ecommerce industry in the next few years provides a growth
opportunity to the third party logistics market. In addition to this, the increasing fall in shipping rates further drives growth
of the global third party logistics market.
Third party logistics market taxonomy
On the basis of service type, the global third party logistics market is classified into:
●
●
Dedicated Contract Carriage
Domestic transportation management
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REPORT DESCRIPTION
Third party logistics market taxonomy
On the basis of service type, the global third party logistics market is classified into:
●
Dedicated Contract Carriage
●
Domestic transportation management
●
International transportation management
●
Warehouse & distribution management
●
IT service and logistics software
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On the basis of mode of transportation, the global third party logistics market is classified into:
●
Waterways
●
Airways
●
Railways
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Third Party Logistics Market Outlook – Asia Pacific holds the largest market of the global third party
logistics market.
On the basis of geography, global third party logistics market is classified into North America, Europe, Asia Pacific,
Latin America, Middle East, and Africa. Asia Pacific holds the dominant position in the global third party logistics
memory market in 2016 and is projected to retain its dominance throughout the forecast period. The increasing
disposable income and rising investment by e-commerce leaders and increasing internet penetration have increased
the e-commerce industry in the emerging economies such as India and China. This helps to increase the market for
third party logistics in the Asia Pacific region. In addition to this, North America also holds the largest share of the
third party logistics market due to increasing demand from automotive industry and ecommerce sector. The U.S. and
Canada are the major countries which derive the North America region. The rising demand for low cost services and
rapid delivery services have surge the third party logistics market in the U.S.
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Key companies of global third party logistics market:
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.,
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Key factor for the third party logistics market as the emerging economies are expected to increase the ecommerce industry in the next few years provides a growth opportunity to the third party logistics market.

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