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3PL Market to Grow due to Increasing Development of E-commerce within Retail Sector

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Published on : Jun 21, 2016

ALBANY, New York, June 21, 2016: ResearchMoz.us has announced the addition of a report on the “Global 3PL Market 2016-2020” to its offering. This report provides an in-depth analysis of the market and also includes information on the key attributes of this market. A detailed quantitative evaluation has been presented on the major factors catalyzing and inhibiting the development of the market. The opportunities in the 3PL market coupled with the technological advancements taking place in the market have also been highlighted under this study. Porter’s five forces analysis and the market attractiveness analysis also form a key part of this study. In the last section of the report, the market share evaluation of the major vendors operating in this market has also been highlighted in this report. 

The introduction section of the report presents the market overview section. This section throws light on the current size of the market and its predicted growth by the end of the forecast horizon. As per the report, the global 3PL market is predicted to expand at a 5.52% CAGR from 2016 to 2020. Third-party logistics, abbreviated as 3PL, is a term used to describe a provider of outsourced logistics services. These logistic services may include anything requiring an executive control on the way resources are shifted to the required areas. 

3PL is utilized by companies for outsourcing their distribution functions and logistics to a service provider dealing in the handling of services such as warehousing, transportation, and freight and forwarding. The providers of 3PL also present value-added services such as cross-docking, inventory management, packaging of products, and door-to-door delivery. In addition, 3PL providers also present operational and strategic value to a number of shippers globally. The increasing development of e-commerce within the retail sector is a chief factor propelling the development of the 3PL market. However, the increasing cost of operation may negatively impact the growth of the market in the coming years. 

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Next in the report comes the segmentation of the 3PL market. On the basis of logistics services outsourced, the report segments the market into warehousing and distribution, transportation, and other services. Of these, the segment of transportation led the market with a share of 39% in 2015. The demand for both international and domestic transportation logistics is fuelled by the increasing count of intra-regional trades and shifting of manufacturing facilities to nations wherein the cost of labor is less. In addition, owing to the rising count of infrastructural advancements in a number of nations and the ensuing focus toward exports, the transportation segment will rise expeditiously in the coming years.

By geography, the report segments the market into Asia Pacific (APAC), Europe, North America, South America, and Rest of the World (ROW). Amongst these, APAC is predicted to be the most rapidly developing region in the market all through 2020 and is poised to exhibit a CAGR of approximately 8.0% from 2016 to 2020. The reason for the strong performance of this region is the rising number of exports and imports by the major countries within this region. 

The major players in the market are C.H. Robinson, CEVA Holdings, DB Schenker, Deutsche Post DHL, DSV, Kuehne + Nagel, and Nippon Express, among others.
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