3PL Market Definition
Variation in transportation capabilities and increased shipping demand have enabled service providers to enhance their supply chain activities. The third party logistics market is expected to progress as service providers are moving towards the use of automated freight payment and audit services to reduce costs. These providers are gaining competitive advantages by reducing capital expenditure (CAPEX), mitigating risks, managing inventory, and focusing on the core competencies of their business operations.
The market study is broken down and major geographies with country level splits.
AmeriCold Logistics LLC, J.B. Hunt Transport Services Inc, Kuehne + Nagel International AG, Landstar System Inc., Ozburn-Hessey Logistics, Inc. (GEODIS), Panalpina World Transport Ltd, Ryder System, Inc., Schneider National, Inc., Total Quality logistics, LLC, Transplace LLC, Unyson Logistics, Inc., BDP International, UPS Supply Chain Solutions, Inc, UTi Worldwide, Inc. (DSV A/S), XPO Logistics, Inc., Burris Logistics, C.H. Robinson Worldwide (CHRW) Inc., CEVA Logistics, DB SCHENKER Logistics, Exel, Expeditors International of Washington, Inc. and FedEx Corporation are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Agility, Ceva Logistics, DB Schenker Logistics, DHL, Nippon Express, Yusen Logistics, TNT Express, Kerry Logistics, CH Robinson, AmeriCold Logistics, FedEx Corporation, KUEHNE+NAGEL INC., MAERSK, DSV, Panalpina and Geodis.
AdvanceMarketAnalytics has segmented the market of Global 3PL market by Type, Application and Region.
On the basis of geography, the market of 3PL has been segmented into 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). If we see Market by End Use, the sub-segment i.e. Manufacturing will boost the 3PL market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Dedicated Contract Carriage (DCC)/Freight forwarding will boost the 3PL market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Transport, the sub-segment i.e. Roadways will boost the 3PL market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 14th March 2019, RK Logistics Group has completed testing and has deployed Fetch Robotics’ CartConnect autonomous mobile robots (AMR) in an expansion of robot-assisted support for time-critical warehousing and distribution operations. The deployment of the new AMRs will drive additional efficiencies and productivity into fulfillment and shipping operations that support high-tech manufacturing clients, noted Rock Magnan, president of RK Logistics Group.
- Increasing Import Export Activity in the Asia Pacific due to the Presence of Developing Countries like China and India
- Increasing Trade among the Countries
- Rising Manufacturing Industry in the Emerging Economies
- Leading players of the 3PL Market are shifting Towards New Technology Such as Internet of Things (IoT), Blockchain, and Artificial Intelligence
- Fluctuating Freight Rate
- High Customs Duty
Key Target Audience3PL Service Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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