Third-party logistics (3PL) industry has continued to evolve, and it has clearly become more global in nature. 3PLs provide cost and time savings generated by scale and unmatched by internal shipper initiatives, especially for mid-sized shippers. As companies saw the benefits of outsourcing delivery and warehousing functions, the number of third party logistics companies began to rise offering an ever increasing number of services. Globally, economies having registered growth trends, expanding market demands, technological advancements coupled with upbeat market forces are suggestive of a greater role of third party logistics in the near future.
While, the regions like Asia Pacific and South America are witnessing largest 3PL revenue growth. The study also indicates that the competition among the 3PL providers is intense, as rising demand and solid returns over the years have attracted new non-asset-based entrants and motivated existing providers to broaden their services while expanding geographically.
The research report offers insightful industry analysis and an in-depth look at the position of the third-party logistics market in the key markets of the Asia Pacific, North America, South America and Europe. Essentially, the report studies 3PL market in key regions along with, demand analysis by revenues generated by different segments of 3PL in these markets.
The report also sheds light on the drivers coupled with recent trends and challenges being faced by the industry. It also incorporates competitive landscape and provides an exhaustive study of some of the key vendors operating in the market along with their key financials and strategies for growth. By deploying SPSS Inc.’s data integration and analysis capabilities, future growth prediction for the period spanning 2014-2017 to determine the outlook of the industry has also been analyzed in the report. Thus, the report covers all the important aspects of the global 3PL market, which will prove decisive for the clients.