Third-Party Logistics Market Revenue Growth Regional Share Analysis and Forecast Till 2029
Global Third-Party Logistics Market was valued at US$ 961.08 Bn in 2021, and the market is expected to grow to US$ 1813.44 billion in 2029, at a CAGR of 8.26% during the forecast period.
Third-Party Logistics Market Overview:
Information regarding rivals is included in the market's competitive environment. The topics covered include an overview of the company, its finances, sales, market potential, R&D spending, initiatives to enter new markets, regional presence, business strengths and weaknesses, product introduction, and application domination. The following information only applies to the organization's focus on the Third-Party Logistics market.
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Market Scope:
To validate the market size and estimate the market size by various segments, top-down and bottom-up methodologies are utilised. The research's market projections are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). To determine percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. The percentage acceptance or usage of the given market Size in the pertinent region or country determines the country-specific divisions of the overall market and its sub-segments.
Third-Party Logistics Market Segment:
Roadways, airways, canals, and railroads are the segments of the third-party logistics market. The highways category takes up the greatest share and is anticipated to keep its position in the market in the approaching years. The road network and cross-border trade are to blame for these segments' tremendous expansion. Additionally, third-party logistics adopts cutting-edge IT technologies, such as Transport Management Systems and Warehouse Management Systems, to offer first-party businesses reliable and innovative delivery services.
Third-Party Logistics Market Key players:
• DHL GROUP (Bonn, Germany)
• C.H ROBINSON (U.S)
• Ceva Logistics ( France )
• Fed EX (U.S)
• Nippon Express (Japan)
• BDP International
• United Parcel Service of America
• XPO Logistics
• Kuehne + Nagel
• Kenco Group Inc.
• Americold Logistics
• DSV Panalpina
• J.B Hunt Transport Inc.
• United parcel service, Inc.
Regional Analysis:
In the geographical component of the research, specific market influencing factors and modifications to market norms that affect current and upcoming market trends are also examined. Case studies, technology trends, Porter's five forces analysis, and downstream and upstream value chain analysis are a few of the tools used to forecast market scenarios for different countries.
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