Third-Party Logistics (3PL) Market – Strategic assessment of Evolving Technology and Next Generation Industry analysis by 2025

“Third-Party Logistics (3PL) Market”
Third-party logistics (abbreviated 3PL, or sometimes TPL) in logistics and supply chain management is a company’s use of third-party businesses to outsource elements of the company’s distribution and fulfillment services.

Third-Party Logistics (3PL) Market Scenario

A new market research report, titled “3PL Market” has been included to our repository. 3PLs are provided by various websites that distribute online content provided by content developers. Third Party Logistics (3PL) is the function by which a manufacturer outsources activities related to logistics and distribution. Often a 3PL company can go beyond just logistics and distribution and can provide specialized services such as inventory management, cross-docking, door to door delivery and packaging of products.

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Key players

The report also profiles some of the major players functioning in the GlobalThird-Party Logistics (3PL) Market, on the basis of various factors such as the company overview, revenue, product offering (s), key development (s), business strategies, Porter’s five forces analysis, and SWOT analysis. Some of the major players profiled in this report include Sinotrans, COSCO Shipping Logistics, China Merchants Logistics, China National Materials Storage and Transportation Corporation, Beijing Changjiu Logistics, China Shipping Logistics, Tianjin DTW Logistics, Qingdao Haier Logistics, Annto Logistics

The global 3PL market is also driven by the increasing demand from the e-commerce sector thanks to the latter’s steady growth in recent years. This is another major driver for the global 3PL market, particularly in developing countries, where the e-commerce sector stands to grow handsomely in the coming years. With increasing popularity of smart technology these days, 3PL have thus become prominent creators of digital information. Ongoing industrial advancements and the persistent penetration of Internet in the remote corners of the world are also responsible for the noteworthy growth of the Global 3PL Market.

Third-party logistics providers typically specialize in integrated operation, warehousing and transportation services which can be scaled and customized to customers’ needs based on market conditions, such as the demands and delivery service requirements for their products and materials. Often, these services go beyond logistics and include value-added services related to the production or procurement of goods, i.e., services that integrate parts of the supply chain. When this integration occurs, the provider is then called a third-party supply chain management provider (3PSCM) or supply chain management service provider (SCMSP). 3PL targets particular functions within supply management, such as warehousing, transportation, or raw material provision.

The global 3PL market reached $75 billion in 2014, and grew to $157 billion in the US; demand growth for 3PL services in the US (7.4% YoY) outpaced the growth of the US economy in 2014., As of 2014, 80 percent of all Fortune 500 companies and 96 of the Fortune 100 used some form of 3PL services.

The global third-party logistics market is predicted to grow at around 5 percent CAGR from 2016 to 2024 (forecast period). Its companies operate for the shipping industry to supervise logistic undertakings (forecasting, warehousing, & conveyance management software). The market will attain a size of about USD 1, 054 billion by 2024

Oil And Gas Robotics Market Segmentation

The Oil And Gas Robotics market is segmented based on Application & product type. Market by Type, Asset Based Type, Non-asset Based Type, Market by Application, Automobile, Pharmaceutical, Cold-chain Third-party Logistics, Others

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