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3PL Market Opportunities and Growth Drivers In The US 2016-2020

Press Release   •   May 03, 2016 06:52 EDT

Description

About 3PL Market in the US

3PL is a business process through which companies outsource their logistics and distribution functions to a service provider that specializes in handling logistics functions such as transportation and warehousing. Often, 3PL providers go beyond logistics and provide value-added services such as inventory management, cross-docking, door-to-door delivery, and packaging of products. They also provide strategic and operational value to many shippers across the globe. There are currently new and innovative supply chain management techniques to improve overall service quality in the 3PL market.

Technavios analysts forecast the 3PL Market in the US to grow at a CAGR of 3.29% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the 3PL market in the US for 2016-2020. To calculate the market size, the report considers net revenue generated by 3PL service providers.

The market is divided into the following segments based on service area:

Domestic transportation management (DTM)

International transportation management (ITM)

Dedicated contract carriage (DCC)

Verified accredited wholesale distributors (AWD)

Download Free Sample of this Report

Technavio's report, 3PL Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

C.H. Robinson

Deutsche Post DHL

Expeditors

J B Hunt

Kuehne + Nagel

UPS

UTi Worldwide

Other prominent vendors

A.N. Deringer

Agility

APL Logistics

Arnold Logistics

BAX Global

BDP International

BNSF Logistics

Cardinal Logistics

Cat Logistics

CEVA Logistics

Cornerstone Logistics

Coyote Logistics

CRST Logistics

DB Schenker Logistics

DSC Logistics

Echo Global Logistics

FedEx

Genco

Hub Group

Kenco Logistics Services

Kerry Logistics

Landstar Logistics

LeSaint Logistics

Menlo Worldwide

MIQ Logistics

ModusLink Global Solutions

NAL Logistics

Neovia Logistics Services

NFI

Ozburn-Hessey Logistics

Panalpina

Penske Logistics

Roadrunner Transportation Services

Ryder System

Saddle Creek Logistics Services

Schneider Logistics

Swift Dedicated

TMSI Logistics

Total Quality Logistics

Transplace

Unyson Logistics

UTX Logistics

Werner Enterprises Dedicated and Logistics

XPO Logistics

Market driver

Cost-effectiveness of 3PL services

For a full, detailed list, view our report

Market challenge

Low adoption of technologically advanced equipment by 3PL providers

For a full, detailed list, view our report

Market trend

Increase in M&A

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?