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Global 3PL Market 2021 analysis with Key Players, Applications, Trends and Forecasts

3PL

3PL Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. 3PL market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Growing World Trade

Global trade recorded its highest growth rate in six years in 2017, both in volume and value terms. Merchandise trade volume, as measured by the average of exports and imports, grew by 4.7%, marking the first annual increase in excess of 3.0%, since 2011. The dollar value of merchandise exports rose by 11%, to USD 17.73 trillion, while commercial services exports increased by 8% to USD 5.2 trillion. Merchandise trade growth in 2017 was up sharply from 2016, when trade volume grew by just 1.8%, the smallest increase since the financial crisis of 2008. Strong growth in trade volume in 2017 was driven primarily by cyclical factors, as world growth in GDP at market exchange rates rose to 3.0% from 2.3% the previous year. This economic activity was driven by increased investment spending, particularly in the United States, and rising consumption, notably in Japan. Meanwhile, China and the an Union maintained a steady rate of expansion, providing a solid base for the global demand.

World merchandise trade growth is expected to remain strong in 2019, after posting its largest increase in six years in 2017. Growth is expected to be moderate to 4.0% in 2019. Trade volume growth was the strongest in 2017, since 2011. Looking at the situation in value terms, growth rates in current US dollars in 2017 (10.7% for merchandise exports, 7.4% for commercial services exports) were even stronger, reflecting both increasing quantities and rising prices. World real GDP at market exchange rates grew by 3.2% in 2018 and is expected to grow by 3.1% in 2019. Brighter prospects reflect not only investment and employment gains, but also improved business and consumer confidence, as measured by OECD business cycle indicators.

The acceleration of world merchandise trade volume growth to 4.7% in 2017 from 1.8% in 2016 was broad based, driven by rising import demand across regions, but most notably in Asia. The largest gains were recorded on the import side in developing economies, where trade growth surged to 7.2% in 2017 from 1.9% in 2016. Import demand also picked up in developed countries, albeit less dramatically, as merchandise trade growth in volume terms increased to 3.1% in 2017 from 2.0% in 2016. Meanwhile, merchandise exports grew by 3.5% in developed countries and 5.7% in developing countries last year, up from 1.1% and 2.3%, respectively, in the previous year. This growing trade is a major driver for the 3PL market, as it helps manage the trade functions effectively.

APAC is a Major Region for 3PL Market

Asia was the top contributor to trade growth in volume terms in 2017, growing by 8%. Asia saw steady year-on-year growth in imports throughout 2017. Asia recorded the highest growth in merchandise trade volume in 2017 for exports (6.7%) and imports (9.6%), following two years of modest expansion. The region contributed 2.3% to the global growth of 4.5% in 2017, or 51% of the total increase. Asia also contributed 2.9% to the world import growth of 4.8%, or 60% of the overall increase. In 2017, Asia-Pacific’s third-party logistics market was estimated to be USD 329.3 billion.

Market Overview:

  • The global 3PL market is estimated to reach USD 1.3 trillion by 2024, registering a strong CAGR over the forecast period, 2019 – 2024. The factors driving the growth are the increasing outsourcing of major transportation and logistics services and growing e-commerce penetration. Whereas, the loss of control over the shipping functions is a major restraint to the market. The APAC region is one of the fastest-growing regions, globally, while North America is the leading region, owing to the presence of major players and a developed market.
  • The international transportation management segment in 2017 showed a revenue growth of 10.3%, driven by rising air freight capacity and the exploding global e-commerce growth.
  • Shippers are continuing to leverage what 3PLs offer, allowing them to optimize the supply chain, minimize costs and create value, and align expectations as a key to achieving success for both parties.

    Key Manufacturers Like 

  • Agility
  • Ceva Logistics
  • DB Schenker Logistics
  • DHL
  • Nippon Express
  • Yusen Logistics
  • TNT Express
  • Kerry Logistics
  • CH Robinson
  • AmeriCold Logistics
  • FedEx Corporation
  • KUEHNE+NAGEL INC.
  • MAERSK
  • DSV
  • Panalpina
  • Geodis*.

    Scope of the Report:

  • The global 3PL market covers the players actively operating in the 3PL segments, like domestic and international transportation, value added warehousing, and end users catered to by the market, like consumer and retail, automotive, healthcare and pharmaceuticals, and other industrial activity sectors.

    3PL market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the 3PL market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the 3PL market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of 3PL market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries 3PL market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of 3PL?
    • Who are Opportunities, Risk and Driving Force of 3PL market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in 3PL space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the 3PL market opportunities, market risk and market overview of the Market?

    Lastly, the Global 3PL Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of 3PL Market Report:

    • To provide a detailed analysis of the market structure along with the 3PL market forecast of various segments and sub-segments of the 3PL market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and 3PL market trends that influence the global 3PL market

    Detailed TOC of 3PL Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Technological Developments in Logistics Sector
    4.3 Insight on E-commerce Business
    4.4 Demand From Other Segments, such as CEP, Last Mile Delivery, Cold Chain Logistics Etc.
    4.5 General Trends in Warehousing Market
    4.6 Industry Attractiveness- Porter’s Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry
    4.6.6 Market Drivers
    4.6.7 Market Restraints
    4.6.8 Market Opportunities

    5 MARKET SEGMENTATION
    5.1 Services
    5.1.1 Domestic Transsportation Management
    5.1.2 International Transportation Management
    5.1.3 Value-added Warehousing and Distribution
    5.2 End Users
    5.2.1 Consumer and Retail (Covers E-commerce, Apparel, and Garment Sectors, Perishables, etc.)
    5.2.2 Automotive
    5.2.3 Healthcare and Pharmaceuticals
    5.2.4 Other Industrial Activity Sectors
    5.2.5 Rest of the Market
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.2 South America
    5.3.2.1 Brazil
    5.3.2.2 Argentina
    5.3.2.3 Rest of South America
    5.3.3 Asia-Pacific
    5.3.3.1 India
    5.3.3.2 China
    5.3.3.3 Singapore
    5.3.3.4 Japan
    5.3.3.5 South Korea
    5.3.3.6 Vietnam
    5.3.3.7 Australia
    5.3.3.8 Rest of Asia-Pacific
    5.3.4 Middle East & Africa
    5.3.4.1 South Africa
    5.3.4.2 United Arab Emirates
    5.3.4.3 Saudi Arabia
    5.3.4.4 Egypt
    5.3.4.5 Rest of Middle East & Africa
    5.3.5
    5.3.5.1 Germany
    5.3.5.2 Spain
    5.3.5.3 France
    5.3.5.4 Russia
    5.3.5.5 United Kingdom
    5.3.5.6 Rest of

    6 COMPETITIVE LANDSCAPE
    6.1 Vendor Market Share
    6.2 Mergers and Acquisitions
    6.3 Company Profiles
    6.3.1 Agility
    6.3.2 Ceva Logistics
    6.3.3 DB Schenker Logistics
    6.3.4 DHL
    6.3.5 Nippon Express
    6.3.6 Yusen Logistics
    6.3.7 TNT Express
    6.3.8 Kerry Logistics
    6.3.9 CH Robinson
    6.3.10 AmeriCold Logistics
    6.3.11 FedEx Corporation
    6.3.12 KUEHNE+NAGEL INC.
    6.3.13 MAERSK
    6.3.14 DSV
    6.3.15 Panalpina
    6.3.16 Geodis*
    6.4 SUMMARY OF KEY AND ACTIVE LOCAL PLAYERS IN THE MARKET

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

    8 TRANSPORT AND STORAGE SECTOR STATISTICS AT MACROECONOMIC LEVEL

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