Key Factor Boosting The Growth Of Third Party Logistics (3PL) market.

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Key Factor Boosting The Growth Of Third Party
Logistics (3PL) market.
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Global Market Scenario of Third Party Logistics
(3PL)

• (Third Party Logistics) 3PL market size is
  forecast to reach USD 1,029.47 billion till 2022,
  as per a new research report by Global Market
  Insights, Inc. Emphasis on core activities along
  with cost effectiveness is likely to spur global
  demand.
•  
• International Transportation Management (ITM) was
  the foremost service segment and was valued at
  USD 255.19 billion in 2014. It is likely to
  observe considerable gains, with approximation of
  USD 338.91 billion by 2022 at a CAGR of 3.7 from
  2015 to 2022.
• Increased supply chain management and continued
  growth in global economic activity have led to
  substantial increase in demand. WD was valued at
  USD 161.95 billion in 2014, and is likely to
  arrive at USD 213.82 billion by 2022, at an
  estimated CAGR of 3.6 through the forecast
  timeframe.
•  
• 3PL providers have made their presence felt on
  social media to enhance customer engagement.
  Green logistics has been adopted by prominent
  logistics service providers to address growing
  environmental concerns.

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Continue.....

• Global third party logistics market revenue was
  USD 733.69 billion in 2014, with estimation of
  USD 1,029.47 billion by 2022, growing at 4.4
  from 2015 to 2022. 
• Global demand in DTM was USD 238.90 billion in
  2014 and is predicted to hit revenue of USD
  361.84 billion by 2022, growing at a CAGR of 5.4
  from 2015 to 2022. Logistics software market is
  expected to grow at 6.5 during the next few
  years. 
• Asia Pacific 3PL market size leads the regional
  demand with revenue share of 35.2 in 2014 and is
  expected to grow at 5.2 through the next few
  years. The region is predicted to exhibit high
  growth rate owing to increasing adoption of
  distribution and warehousing facilities in
  nations such as China, Thailand, India, Singapore
  and Indonesia. North America is anticipated to
  reach USD 265.40 billion up to 2022.
• A majority of providers target intensely
  competitive industries such as automotive,
  retail, computers, and electronics where margins
  are very low. Some partner with firms providing
  detailed supply chain collaboration services.
  Leading players also collaborate with other
  companies including competitors for achieving
  logistics cost and service improvements.

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U.S. 3PL market size by service,
2012-2022
he advent of e-commerce along with
entrepreneurial ventures is likely to fuel the
industry demand for specialized logistics as well
as supply chain execution capabilities.
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360 Analysis
Application Analysis International
Transportation Management (ITM) market size was
the leading segment and was valued over USD 250
billion in 2014. It is anticipated to witness
substantial gains and is likely to reach USD 338
billion by 2022. Domestic Transportation
Management (DTM) includes freight brokerage as
well as value-added transportation management
services. It is expected to experience
considerable growth and is forecast to reach USD
360 billion by 2022.  Regional Analysis Europe
3PL market size was projected to be valued around
USD 210 billion by 2022 and is forecast to grow
at a CAGR of over 2.5 over the forecast period.
Eurozone crisis is anticipated to hamper the
industry demand for the service. However,
increasing demand from automotive industries and
life sciences sector is expected to drive the
revolution of the demand growth over the several
upcomming years.  Competitive Market Share The
global third party logistics market share is
moderately competitive, with top industry players
accumulating major industry share 2014. Companies
such as C.H. Robinson facilitates with various
services such as transportation, consulting as
well as sourcing services to the firms of all
sizes, thereby offering them significant
competitive advantage.    

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Latest Research Report https//www.gminsights.com
/industry-analysis/third-party-logistics-3pl-marke
t-size Download Latest Report PDF _at_
https//www.gminsights.com/request-sample/detail/1
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