An exclusive report title “Third Party Logistics Market” published by Evolve Business Intelligence provides a detailed analysis of market size and forecast with key insights such as current and future trends, consumption pattern, end-user preference, growth and restraining factor, and company profiling. According to the report published, the global Third-Party Logistics market size was valued at $1,071.1 Billion in 2020 and is expected to reach $1,980.0 Billion by 2028 growing at the CAGR of 7.84% from 2021 to 2028.
Major Players in Third Party Logistics Market:
- Robinson Worldwide
- DB Schenker
- DHL International GMBH
- FedEx Corporation
- Nippon Express
- Panalpina World Transport Ltd.
- United Parcel Service
- Union Pacific Railroad
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COVID-19 Impact Analysis
The global Third-Party Logistics market is expected to have a negative impact in the near future (2020 & 2021) due to the temporary halt in the service facilities. The employees/ industry executives had a slowdown of the distribution channel due to supply chain disruption. The import and export supply of products has been impacted due to the temporary cross-border restriction.
Market Segment By Mode of Transport (Railways, Roadways, Waterways, Airways): Railways segment to grow at the highest CAGR during the forecast period.
Market Segment By Service Type (Dedicated Contract Carriage (DCC), Domestic Transportation Management, International Transportation Management, Warehousing &Distribution, Others): Domestic Transportation Management Segment accounted for the largest market size in 2020.
Market Segment By Application (Technological, Automotive, Retailing, Elements, Food & Groceries, Others): Food & Groceries Segment to account for the highest CAGR during the forecast period.
Key Region/ Countries Covered
- North America (US, Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa and South America)
The geographic coverage in the study includes the factors that impact the growth and affecting the market across each region. The region study is categorized based on the production, consumption, growth rate, supply-demand analysis, import & export in each country. In Third-Party Logistics Market, North America is expected to grow at the highest CAGR during the forecast period. The report also includes the detailed analysis of the companies associated with the Third Party Logistics Market by region with major factors such as manufacturing facilities, revenue generated, production capacity, market share, product portfolio, and SWOT Analysis.
- What is the market size in 2020 and forecast from 2021 to 2028?
- What are the growth factors and trends coupled with opportunities and challenges?
- Who are the key players associated with the Third-Party Logistics Market?
- What are the market share and key player positioning in Third Party Logistics Market?
- What are the Strength, Weaknesses, Threats, and Opportunities of Each Company in the Third-Party Logistics Market?
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