The global third-party logistics (3PL) market is anticipated to showcase a robust growth through 2032 owing to the rising number of outsourcing activities by the manufacturing sectors to work on their key competencies.
Leading companies are vying for uniqueness in the highly competitive global 3PL market by offering a range of services and software solutions to various industry verticals. The adoption of numerous strategies, such as partnerships and mergers and acquisitions, which aid in extending their transportation capabilities and catering to new regions, is expected to make the market extremely competitive.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/132
The increased focus on the development of fully automated warehouses as well as distribution systems has also proven to be profitable for 3PL market expansion.
The third-party logistics market has been segmented in terms of solution, mode, application, and region.
Based on the solution, the international transportation management (ITM) segment is poised to garner a steady growth rate over 2023-2032. (review timeline ) The rising need for a secure logistics platform that aids in the planning, execution, and optimization of physical commodities movement as a result of expanding international exposure of organizations would support the segmental growth.
Meanwhile, the logistics software segment is slated to expand at a considerable rate through the forecast period attributed to the growing requirement for cost and time savings throughout the whole logistics process.
With respect to application, the healthcare segment is speculated to garner a positive growth rate through 2032 credited to the growing need for temperature-controlled, contactless, as well as urgent transportation of medical supplies like ventilators and vaccines, among other things.
On the other hand, the automotive segment is projected to expand exponentially through the forthcoming years owing to the rising adoption of 3PL service providers to assure quick, effective, and secure delivery of vehicles from the production facility to showrooms.
From the regional perspective, South America 3PL market is estimated to reach a market valuation of over $100 billion by 2032 fueled by the increased government financing in the manufacturing industry to encourage the advancement of digital manufacturing techniques and alter the manufacturing supply chain.
On the contrary, the Middle East & Africa third-party market captured a business share of over 5% in 2022 and is expected to achieve a higher growth rate over the forecast timeline. The growth is expected to be driven by the expanding public-private partnership model for the development of logistical infrastructure.
In addition, the thriving logistic industry in the region will result in an increase in the number of warehouses, fueling the market expansion.
Request for customization @ https://www.gminsights.com/roc/132
Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Scope & definitions
1.2 Methodology and forecast parameters
1.3 COVID-19 impact
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 Middle East & Africa
1.4 Data Sources
1.4.1 Secondary
1.4.2 Primary
Chapter 2 Executive Summary
2.1 3PL industry 360o synopsis, 2018 - 2032
2.1.1 Business trends
2.1.1.1 Total Adressable Market (TAM)
2.1.2 Region trends
2.1.3 Solution trends
2.1.4 Mode trends
2.1.5 Application trends
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/third-party-logistics-3pl-market-size
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Aashit Tiwari
Corporate Sales, USA
Global Market Insights Inc.
Toll Free: 1-888-689-0688
USA: +1-302-846-7766
Europe: +44-742-759-8484
APAC: +65-3129-7718
Email:[email protected]
The global Third Party Logistics (3PL) Market is expected to value at USD 1.24 trillion by 2025.
The 3PL industry is subject to witness a substantial growth due to the recent technological advancement in the various logistics services, rising transportation activities in both developed and developing economies across the globe and increasing shipping demand.
The number of service providers are improving their supply chain capabilities due to numerous growth opportunities available, thereby driving market growth, in the recent years.
Globally, the third party logistics industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the 3PL market.
Increasing transportation & infrastructural activates in the Asia Pacific and North America region is anticipated to boost market growth in the upcoming years.
Other application of the third party logistics services include private and local utility sector, healthcare industry, media and entertainment sectors.
The scope of the global Biopharmaceutical Third Party Logistics (3PL) Market was appreciated at US$ 86.37 billion in 2018.
Growing adoption of automation in manufacturing facilities to reduce operational costs is driving demand for third party logistic services.
Supply Chain Insights Based on supply chain, the biopharmaceutical third party logistics market can be bifurcated into non-cold chain and cold chain.
Others segment includes procurement services, packaging, and custom and duty management.
Others segment is likely to expand at lucrative CAGR over the forecast period owing to rising focus on packaging of drugs in terms of uniformity, shelf life, and purity.
Regional Insights Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East and Africa.
