Third Party Logistics (3pl) Market Share, Key Trends, Vendor Strategies, Application Analysis, Regional Outlook and Forecasts, 2012 to 2020

Hexa Reports

Market Research Reports and Insightful Company Profiles

Third Party Logistics (3PL) Market Share, Key Trends,

Vendor Strategies, Application Analysis, Regional Outlook

And Forecasts, 2012 To 2020

Third Party Logistics (3PL) operators are companies that work with shipping businesses to manage

logistic operations like warehousing, forecasting, transportation management software, freight bill

auditing, freight rate negotiation, etc. According to a recent study conducted by Hexa Research, the

global 3PL market is likely to surpass $925 billion in the year 2020. Globalised business operations and

rising trend of outsourcing secondary business activities like logistics in order to focus on core business

operations are perceived to be the main reasons behind the same. The growth of 3PL is also being

supported by advancements in Big Data and availability of industry-specific services.

Hexa Research found that Asia Pacific contributed to more than 29% of the total global demand for 3PL

in 2013. This was mainly due to growing warehousing and distribution facilities in countries like

Indonesia, China, India, Singapore, Thailand, etc. The US is witnessing emergence of technologically

advanced logistics software solutions and, along with Mexico, a steady decline in labor and

transportation costs. These factors will contribute to high growth of North American 3PL market by

2020. Although, Europe’s 3PL market was adversely affected by the eurozone crisis, it is expected to

witness a revival in future mainly due to increasing demand from automotive and life science sectors.

Browse Detail Report With TOC @ http://www.hexareports.com/report/third-party-logisticsmarket/details

Hexa Reports

Market Research Reports and Insightful Company Profiles

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