Knowledge Hub

Global 3PL Market to grow at a CAGR of 5.52% during the period 2016-2020.

Press release   •   Jul 27, 2016 03:37 EDT

About the 3PL Market

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, warehousing, and freight and forwarding. A logistics service provider that provides these services is called a 3PL provider. Often, 3PL providers go beyond logistics and provide value-added services like inventory management, cross-docking, door-to-door delivery, and packaging of products. They also provide strategic and operational value to many shippers worldwide. This logistics improves effectiveness by introducing new and innovative SCM.

Technavios analysts forecast the Global 3PL Market to grow at a CAGR of 5.52% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global 3PL market for 2016-2020. To calculate the market size, this report covers revenue generated by logistics service providers.

The market is divided into the following segments based on geography:

APAC

Europe

North America

South America

ROW

Download Detail Report With Complete TOC at: http://www.marketresearchreports.biz/sample/sample/729275

Technavio's report, Global 3PL Market 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

CEVA Holdings

DB Schenker

Deutsche Post DHL

DSV

Kuehne + Nagel

Nippon Express

Other prominent vendors

XPO Logistics

UPS Supply Chain Solutions

SDV International logistics

DACHSER

Expeditors International of Washington

GEODIS

Toll Holdings

J.B. Hunt Transport

GEFCO

Agility

UTi Worldwide

Yusen Logistics

Hellmann Worldwide Logistics

CJ Korea Express

Ryder System

Damco International

Market driver

Advances of e-commerce in retail sector

For a full, detailed list, view our report

Market challenge

High operational cost and competitive pricing

For a full, detailed list, view our report

Market trend

Advances in technology

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?