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Global Third-Party Logistics (3PL) Market to Grow at a CAGR of 5.25% Over the Forecast Period of 2020-2025.

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"According to a new report by EMR titled, ‘Global Third-Party Logistics (3PL) Market Report and Forecast 2020-2025’, the global third-party logistics (3PL) market stood at a value of around USD 910.4 billion in 2019. The industry is further expected to witness a CAGR of around 5.25% in the forecast period of 2020-2025, to attain USD 1237.6 billion by 2025."

The healthy growth of the trade and e-commerce activities in both developed and developing nations is driving the growth of the third party logistics (3PL) market. In 2018, the Asia Pacific, North America, and Europe together accounted for about 85% of the total share in the global third party logistics (3PL)  market. Third-party logistics services involve outsourcing to a single global player in place of hiring several brokers at a national/local level. Thus, the service is a one-stop solution for the customs brokerage, providing faster coordination and customs clearance.

Further, the global third-party logistics services market is being driven by the growing global freight forwarding market, which is projected to grow at a CAGR of 4.5% until 2020. In November 2019, DHL Global Forwarding (OTCMKTS: DPSGY), a key player in the market, opened three rail competence centres in addition to the existing ones in Europe and will further introduce the fastest rail freight connection between Germany and China, meeting the rising demand for rail freight services between Europe and Asia. This step has been taken by the company due to the substantial increase in the rail freight volumes along the new silk road from China to Europe. Such developments will further aid the global third-party logistics (3PL)  market over the forecast period.

Market Breakup by Regions:

  • Region-wise, the global digital marketing market can be divided into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing e-commerce and trade activities, particularly in the emerging economies, is driving the global third-party logistics (3PL) market forward.
  • The government regulations, favouring the services, are further aiding the industry, globally.
  • With the advancement in technology and the development of new solutions such as the tracking of the consignment, the industry is witnessing a further boost.
  • The increasing demand for convenient and highly organised services from retailers and manufacturers is providing further impetus to the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global third-party logistics (3PL) market for the periods (2015-2019) and (2020-2025).
  • The report also offers historical (2015-2019) and forecast (2020-2025) information for the regional markets of third-party logistics services.
  • It also provides an assessment of the market based on the Porter’s Five Forces model, along with a SWOT and value chain analysis.

The major players in the global third-party logistics services market are DHL Global Forwarding, Kuehne + Nagel International AG, DB Schenker, DSV A/S, Sinotrans Changhang Group, Panalpina, Nippon Express Co., Ltd., Expeditors, UPS Supply Chain Solutions Inc, Hitachi Transport System, C.H. Robinson, Hellmann Worldwide Logistics SE & Co. KG, Bolloré Logistics, CEVA Logistics, and Yusen Logistics Co., Ltd. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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"Global Third-Party Logistics (3PL) Market: By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Value Chain Analysis; Cost Structure; Porter’s Five Forces Analysis; EMR’s Key Indicators for Demand; EMR’s Key Indicators for Price; Competitive Landscape & Supplier Analysis; Events and Developments"

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