3PL Logistics Market size revenue to exceed $1,029.47bn by next seven years - PowerPoint PPT Presentation

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3PL Logistics Market size revenue to exceed $1,029.47bn by next seven years

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Third party logistics (3PL) market size is projected to exceed USD 1,029.47 billion by 2022 at a growing CAGR of 4.4%. A new study based report by Global Market Insights features in-depth analysis of the 3PL market. It comprises of thorough analysis of the industry, including definition, classification, and applications and market trends, driving and restraining factors that impact the market growth. – PowerPoint PPT presentation

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Title: 3PL Logistics Market size revenue to exceed $1,029.47bn by next seven years


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Third Party Logistics (3PL) Market size to reach
1tn by 2022 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key report insights of Third Party Logistics
Market
  • Third party logistics (3PL) market size is
    projected to exceed USD 1,029.47 billion by 2022
    at a growing CAGR of 4.4. A new study based
    report by Global Market Insights features
    in-depth analysis of the 3PL market. It comprises
    of thorough analysis of the industry, including
    definition, classification, and applications and
    market trends, driving and restraining factors
    that impact the market growth.
  • It segments the industry on the basis of region,
    product, application and the competitive
    landscape. Companies have started outsourcing
    logistics operations to third party logistics 3PL
    providers to perk up the overall competence of
    their business processes. Further reduced costs
    are likely to boost the demand growth. Shippers
    are forced to discover new prospects to pull
    costs out of the supply chain. 3PL providers
    prescribe a timely and effective supply chain
    solutions at optimized transportation costs. The
    proliferation of e-commerce is anticipated to
    further the industry demand.

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Continued...
  • Software services are projected to hit USD 30
    billion at a growing CAGR of over 6.5 up to
    2022. Rapid adoption of software and latest IT
    applications to improve distribution coverage and
    provide quality service to the customers is
    likely to boost growth. In addition to this,
    Omni-channel distribution system is forecast to
    witness growth attributed to rising use of online
    marketing services. Factors including emphasis on
    risk and cost control, slow economic growth and
    varying freight volumes, etc. are anticipated to
    prove to be a barrier in the 3PL market demand
    growth during the projected period.
  • ITM (International Transportation Management)
    market size dominated the service segment and is
    expected to exhibit significant gains in the near
    future. DTM (Domestic Transportation Management)
    is projected to see remarkable growth by 2022.
    Industry sectors like pharmaceutical applications
    refrigerated grocery are projected to experience
    highest growth prospects over the estimated time
    frame.

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Continued...
  • The Asia Pacific third party logistics 3PL
    industry is likely to hit USD 385 billion at a
    growing CAGR of over 5 from 2015 to 2022. Europe
    3PL market size is expected to witness a
    substantial growth owing to rising demand from
    life sciences and automotive industry sector in
    the next few years. North America is expected to
    be worth USD 265 billion during the anticipated
    period.
  • The report features a competitive scenario of
    the market with key participants profiled in the
    report, coupled with the key strategies, finance
    metrics and current trends. Key participants in
    moderately competitive global third party
    logistics 3PL market are Deutsche Post DHL
    (Exel), UPS Supply Chain Solutions, C.H.
    Robinson, J.B. Hunt (JBI, DCS ICS), Kuehne
    Nagel, and Expeditors International.

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360 Analysis
  • Application Analysis
  • Leading vendors are now increasingly using latest
    IT applications and software that helps in
    enhancing distribution coverage and also help in
    providing quality service to the customers.
    Furthermore, Omni-channel distribution system is
    likely to gain its significance owing to
    increasing use of online marketing services.
  • Regional Analysis
  • Asia Pacific third party logistics market was
    valued around USD 255 billion in 2014. The
    industry is expected to grow at a CAGR of over 5
    from 2015 to 2022 and is projected reach USD 385
    billion by 2022. 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
  • Competitive Market Share
  • Key industry participants accumulating
    significant 3PL market share include Kuehne
    Nagel, UPS Supply Chain Solutions, Expeditors
    International, Deutsche Post DHL (Exel) and J.B.
    Hunt (JBI, DCS ICS) among others.


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