The Third-Party Logistics market was valued at US$ 899.4 Million in 2019 and is projected to reach US$ 1329.4 Million by 2027; it is expected to grow at a CAGR of 7.4% from 2020 to 2027. Third party logistics is moving towards increased information base and large-scale operations owing to maximize operational efficiency and improve profitability. There is an improvement in the strategic nature of relationships between shippers and third-party logistics providers. Globally, 3PL firms are increasing their employee strength, organization skills, broadening their service offerings, investing in new technology, and expanding their geographical reach in order to deliver data driven solutions.

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Companies Mentioned:

·         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

Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Third Party Logistics Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

Market Segmentation

by Mode of Transport (Roadways, Railways, Waterways, and Airways), Services (International Transportation, Warehousing, Domestic Transportation, and Inventory Management), and End User (Automotive, Healthcare, Retail, and Consumer Goods); and Geography

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Reason to Buy

•                     Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Third-Party Logistics market.

•                     Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.

•                     The key findings and recommendations highlight crucial progressive industry trends in the Third-Party Logistics market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.

•                     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 restraining the growth at a certain extent.

•                     Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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