Market Highlights: Third party logistics also known as 3PL. It refers to any service that includes storing and distribution items. Additionally, Third-party logistics in logistics and supply chain management is a firm's use of third-party dealings to outsource elements of the firm's delivery and completion services. There are various type of 3PL such as dedicated contract carriage (DCC), domestic transportation management (DTM), international transportation management (ITM), logistics software, warehousing & distribution and others. Railways, roadways, waterways and airways are the transportation mode used in third party logistics. The market study is being classified by Type (Dedicated Contract Carriage (DCC), Domestic Transportation Management (DTM), International Transportation Management (ITM), Logistics Software, Warehousing & Distribution and Others), by Application (Manufacturing Units, Retail, Healthcare, Automotive and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Third Party Logistics are DHL (Germany), United Parcel Service (United States), FedEx Corporation (United States), Maersk Logistics (United States), DB Schenker (Germany), Kuehne+Nagel Inc. (Switzerland), Panalpina World Transport Ltd. (Switzerland), Union Pacific Corporation (United States), BNSF Railway Company (United States) and AmeriCold Logistics LLC (United States).
Major Market Development Highlights On 27th March 2018, FedEx Corp. has acquired P2P Mailing Limited a leading provider of worldwide e-commerce transportation solutions. This deal was establish to offers P2Pís skills complement and enlarge the FedEx portfolio of offerings important to the quickly developing global e-commerce marketplace.
Key Questions Answered in the Report What will the Third Party Logistics Market size and the growth rate be in Future? What are the key factors driving the Third Party Logistics Market? What are the key market trends and macro-economic impacting the growth of the Third Party Logistics Market? What are the challenges to market growth? Who are the key vendors in the Third Party Logistics Market? What are the market opportunities and threats faced by the vendors in the Third Party Logistics Market? Trending factors influencing the market shares of the Manufacturers. What are the key outcomes of the five forces analysis of the Third Party Logistics Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Third Party Logistics market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Third Party Logistics market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Third Party Logistic Service Distributors, Transportation Industry, Import and Export Industry, Potential Investors, Government Bodies, Research Firms and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.