Third Party Logistics Market Forecast to 2027 - DB Group, Deutsche Post Ag, Geodis, United Parcel Service, XPO Logistics, Kuehne + Nagel International AG, C.H. Robinson Worldwide, DSV A/S

The third party logistics market was valued at US$ 899.4 billion in 2019 and is projected to reach US$ 1,329.4 billion by 2027; it is expected to grow at a CAGR of 4.2% during the forecast period

Logistics is the core area of the third party logistics (3PL) firms and their proficiency in this area is always superior to that of the core companies. 3PL firms have the expertise to keep IT systems updated and deliver the logistic services in less time with reduced cost. Additionally,3PL firms can strategize to reduce company’s inventory cost, overall shipping and delivery costs, and can meet the technical requirements. The core companies may not have time or expertise to keep logistic services and systems updated. The companies often face challenges while meeting timely delivery of products during high business growth. Outsourcing logistic function from a third party firms is helpful for the core companies as these firms manage and maintain warehouse, transportation, and other operations efficiently with expertise.

3PL service eliminates the need to invest in technology, warehouse space, transportation, and trained staffs in order to execute the logistics process. Moreover, hiring the third party firms is cost-effective than investing in own logistic operations. Thus, reducing overall operational cost and managing timely delivery are expected to drive the global Third Party Logistics market.

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The List of Companies - Third Party Logistics Market

SINOTRANS Limited
DB Group
Deutsche Post Ag
Geodis
United Parcel Service, Inc. (Ups)
XPO Logistics, Inc.
Kuehne + Nagel International AG
C.H. Robinson Worldwide, Inc
DSV A/S
Nippon Express Co., Ltd

The latest research report on the “Third Party Logistics Market – Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027” provides a comprehensive assessment of the Third Party Logistics market for the forecast period from 2020 to 2027, including market values for the years 2018 and 2019. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Third Party Logistics market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Third Party Logistics Market in order to help decision makers with various strategic insights and future outlook. The Third Party Logistics market is expected to witness continued growth during the forecast period from 2020 to 2027.

This is a professional and in-depth study on the current state of the Third Party Logistics Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Third Party Logistics Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.

The report focuses on global major leading Third Party Logistics Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.

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Key Questions answered in the Report:
 What is the size of the overall Third Party Logistics market and its segments?
 What are the key segments and sub-segments in the market?
 What are the key drivers, restraints, opportunities and challenges of the Third Party Logistics market and how they are expected to impact the market?
 What are the attractive investment opportunities within the Market?
 What is the Third Party Logistics market size at the regional and country-level?
 Who are the key market players and their key competitors?
 Market value- chain and key trends impacting every node with reference to companies
 What are the strategies for growth adopted by the key players in Third Party Logistics market?
 How does a particular company rank against its competitors with respect to revenue, profit comparison, operational efficiency, cost competitiveness and market capitalization?
 How financially strong are the key players in Third Party Logistics market (revenue and profit margin, market capitalization, expenditure analysis, investment analysis)?
 What are the recent trends in Third Party Logistics market? (M&A, partnerships, new product developments, expansions)

Reason to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Third Party Logisticsmarket, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to mode of transport, end-user, service, organization size, and end-users.

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