Global Third-Party Logistics Market was valued at US$ 961.08 Bn in 2021, and the market is expected to grow to US$ 1813.44 billion in 2029, at a CAGR of 8.26% during the forecast period.
Third-Party Logistics Market Overview:
Information regarding rivals is included in the market's competitive environment. The topics covered include an overview of the company, its finances, sales, market potential, R&D spending, initiatives to enter new markets, regional presence, business strengths and weaknesses, product introduction, and application domination. The following information only applies to the organization's focus on the Third-Party Logistics market.
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To validate the market size and estimate the market size by various segments, top-down and bottom-up methodologies are utilised. The research's market projections are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). To determine percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. The percentage acceptance or usage of the given market Size in the pertinent region or country determines the country-specific divisions of the overall market and its sub-segments.
Third-Party Logistics Market Segment:
Roadways, airways, canals, and railroads are the segments of the third-party logistics market. The highways category takes up the greatest share and is anticipated to keep its position in the market in the approaching years. The road network and cross-border trade are to blame for these segments' tremendous expansion. Additionally, third-party logistics adopts cutting-edge IT technologies, such as Transport Management Systems and Warehouse Management Systems, to offer first-party businesses reliable and innovative delivery services.
Third-Party Logistics Market Key players:
• DHL GROUP (Bonn, Germany)
• C.H ROBINSON (U.S)
• Ceva Logistics ( France )
• Fed EX (U.S)
• Nippon Express (Japan)
• BDP International
• United Parcel Service of America
• XPO Logistics
• Kuehne + Nagel
• Kenco Group Inc.
• Americold Logistics
• DSV Panalpina
• J.B Hunt Transport Inc.
• United parcel service, Inc.
In the geographical component of the research, specific market influencing factors and modifications to market norms that affect current and upcoming market trends are also examined. Case studies, technology trends, Porter's five forces analysis, and downstream and upstream value chain analysis are a few of the tools used to forecast market scenarios for different countries.
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COVID-19 Impact Analysis on Third-Party Logistics Market:
The research also assesses COVID-19's impact on the market for Third-Party Logistics. This study's main objective is to help consumers comprehend the market in terms of definition, segmentation, market potential, significant trends, and difficulties that the sector faces globally. A macroeconomic and microeconomic examination of COVID-19's overall effects on the Third-Party Logistics Market are presented in the report. The report emphasises market size and share to clearly show how the pandemic would affect the global Third-Party Logistics Market over the forecast years.
Key Questions Answered in the Third-Party Logistics Market Report are:
- What is the expected CAGR for the Third-Party Logistics market from 2021 to 2027?
- Which market segment become the Third-Party Logistics industry's market leader?
- Which companies dominate the Third-Party Logistics market?
- What significant trends are expected to emerge throughout the forecast period in the Third-Party Logistics industry?
- What will the size of the Third-Party Logistics market be in 2027?
- Which industry sector accounted for the largest share of the market in 2020?
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