What is Third Party Logistics?
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 broken down 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. According to AMA, the Global Third Party Logistics market is expected to see growth rate of 6.29%
Some of the leading manufactures in global third party logistic market are Kuehne + Nagel International AG, DHL, C.H. Robinson Worldwide, UPS Supply Chain Solutions, and FedEx Corporation. The business is highly fragmented with several small companies entering the 3PL arena leading to mergers and acquisitions. Key players are compelling modernization in the number of areas such as real-time electronic tracking & communication, route optimization, and incentivized scheduling. Analysts at AMA Research estimates that Manufacturers from United States will contribute to the maximum growth of Global Third Party Logistics market throughout the predicted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Nippon Express Co., Ltd. (Japan) and UPS Supply Chain Solutions (United States).
AdvanceMarketAnalytics has segmented the market of Global Third Party Logistics market by Type, Application and Region.
On the basis of geography, the market of Third Party Logistics 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 Transportation Mode, the sub-segment i.e. Railways will boost the Third Party Logistics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
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.
- Increasing Dependency of E-Commerce Industry
- Adoption of Industry Specific Logistic Services
- Rising Demand of 3PL Industry due to Dynamic Market Condition
- Enhancement in Global Economy
- Up Surging Demand of Advance Software Solutions such as Big Data as well as IOT based Software
- Lack of Internal Control
- High Production Price
- Straighten Government Rules
Key Target AudienceThird Party Logistic Service Distributors, Transportation Industry, Import and Export Industry, Potential Investors, Government Bodies, Research Firms and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.