250 Pages Third Party Logistics Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
Latest industry analysis by Fact MR, predicts sales of Third Party Logistics to swell at propelled CAGR through 2031, as automotive sales gradually recover across the world. The report is intended at presenting insights into hidden growth opportunities and challenges. It also offers recommendations to help businesses to prep for unforeseen challenges.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
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The report offers actionable and valuable market insights of Third Party Logistics. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Third Party Logistics Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Third Party Logistics market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Third Party Logistics
This newly published and insightful report sheds light on Market Insights of Third Party Logistics, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Third Party Logistics Market.
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The growing popularity of e-commerce and the advent of smart technologies are the key factors propelling the market growth in the assessment period.
| Report Attributes | Details |
| Estimated Market Value in 2022 | USD 1,031 Bn |
| Estimated Market Value in 2032 | USD 2,144 Bn |
| Projected CAGR from 2022 to 2032 | 7.6% |
| Key Players of the Third Party Logistics Market |
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The dynamic nature of the market makes it challenging for the manufacturers to keep a track of their activities, thereby, making it a demanded service in the current period. Prospects suffered a major setback during FY 2020, when the COVID-19 pandemic was at its worst. Sudden disruptions in industrial activity due to the imposition of lockdowns negatively affected output, causing a cessation in logistical activity.
Fortunately, since 2021, prospects have been rebounding, as the restrictions on industrial activity have lifted. In addition, the development in overseas trade is expected to propel market growth in the coming decade.
Key Takeaways from the Market Study :
- The global third-party logistics market size is estimated at USD 1,031 Bn in 2022
- North America to emerge as an opportunistic market, accumulating 40% revenue
- APAC to be the fastest-growing region with a CAGR of 10% during the forecast period.
- Domestic Transportation Management segment to procure about 32% of the market share in 2022
- The manufacturing segment is expected to have acquired more than 24% of the global revenue share in 2022
“The rapid expansion of the e-commerce, especially in developing countries is likely to generate significant opportunities for expansion in the coming time.” – says an analyst at Fact. MR.
Competitive Landscape
The eminent players of the market adopt various technologies and methods to strengthen their global influence. They make aggressive investments in R&D to add innovations to their products and secure the forefront position in the global market. Further, collaborations, partnerships, and acquisitions are some of the adopted methods to enhance their reach in the global competition. Some of the recent key developments among the players are:
- In January 2022, Microsoft and FedEx disclosed a new cross-platform logistics solution for e-commerce. It focuses on intensifying the merchant competition in the e-commerce space by multiplying customer engagement and providing better shipping options.
- In January 2022, CEVA Logistics disclosed its plan to expand its reach between Asia and Europe. It announced some of its new services and updated the existing services. Now, Turkey is in the company’s network as it provides daily connections between Duisburg in Germany and Halkali Terminal with its equipment. It also gives a block train solution that links Vietnam and Germany through China with trips on a weekly basis.
- In January 2022, BJ’s Wholesale Club inked an agreement to secure the assets and operations of four distribution centers and other private transportation fleets from its partner, Burris Logistics. According to the agreement, the transaction will allow BJ’s to insource its perishable supply chain. The terms of the agreement were not made public.
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Report Benefits & Key Questions Answered
- Third Party Logistics Company & brand share analysis: The report offers in-depth Third Party Logistics brand share analysis to estimate percentage of the market covered by Tier 1, Tier 2, and Tier 3 companies
- Third Party Logistics Historical volume analysis: The report offers a comparative analysis between historic sales of Third Party Logistics and projected sales performance for 2021-2031
- Third Party Logistics Category & segment level analysis: Fact MR presents a comprehensive analysis of factors enabling sales growth across key segments. It underscores chief growth drivers and offers valuable information to identify sales prospects a local and regional levels
- Third Party Logistics Consumption by demographics: To offer informed recommendation, the report studies behavior and consumption pattern of consumers. The demographics analysis is intended at helping business better understand consumer preference and design their product and market strategies around it
- Post COVID consumer spending on Third Party Logistics: The Fact MR market survey carefully studies consumer spending behavior post COVID-19. It gauges how prevailing trends have influenced their behavior, subsequently impacting their spending power
More Valuable Insights on Third Party Logistics Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Third Party Logistics , Sales and Demand of Third Party Logistics , analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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