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3PL Market Promises Massive Growth and is is Expected to Garner $1,110 Billion by 2022

Get the PDF copy of 3PL Market study: https://goo.gl/qPEzKh <br><br>3PL Market (Third Party Logistics Market) Report, published by Allied Market Research, forecasts that the global market is expected to garner $1,110 billion by 2022, registering a CAGR of 5.16% during the period 2016-2022. Major volume of goods transported across the world is done through roadways and waterways which constitutes for close to two-thirds of the global 3PL market. <br><br>The global 3PL market is poised to witness significant growth till 2022 owing to increase in e-commerce industry and trade activities around the globe, inclination of manufactures and retailers towards enhancing their core competencies for enhance profitability.

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3PL Market Promises Massive Growth and is is Expected to Garner $1,110 Billion by 2022

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  1. Third Party Logistics (3PL) Market Third Party Logistics (3PL) Market Third Third Party Contract Contract Warehousing Warehousing and Forecast, Forecast,2014 Party Logistics Logistics ( (3 3PL) Carriage, Carriage, and Distribution, 2014 - - 2022 2022 PL) Market Market by Domestic Domestic Distribution, IT IT services by Transport Transport (Roadways, Transportation Transportation services and and Logistics (Roadways, Railways, Management, Management, Logistics Software) Railways, Airways, International International Software) - - Global Airways, Waterways) Waterways) and and Service Service (Dedicated Transportation Transportation Global Opportunity Opportunity Analysis Analysis and (Dedicated Management, Management, and Industry Industry Get the PDF copy of 3PL Market study: https://goo.gl/j2iuYG

  2. Third Party Logistics (3PL) Market Current and future Market Scenario • Global Third Party Logistics (3PL) market is estimated to reach $1,109,775 million, states Allied Market Research. • 3PL market will grow at a prominent CAGR of 5.16 % from 2016 to 2022. • IT services and logistics software is expected to register a substantial growth with CAGR of 5.72% from 2016 to 2022. • Major volume of goods transported across the world is done through roadways and waterways which constitutes for close to two-thirds of the global3PL market

  3. Third Party Logistics (3PL) Market Factors Contributing to Market Growth • Advanced IT solutions like EDI (Electronic Data Interchange), VMI (Vendor Managed Inventory) are enhancing the growth of 3PL market. • Other factors that contribute to market growth are: • Increase in trading activities due to globalization • Manufacturers and retailers focus on core competencies is increasing • Increase in the e-commerce industry and reverse logistics operations

  4. Third Party Logistics (3PL) Market Market Segments Mode Of Transport Service Type Dedicated Contract Carriage (DCC) Roadways Domestic Transportation Management Railways International Transportation Management Airways Warehousing and Distribution Waterways IT services and Logistics Software

  5. Third Party Logistics (3PL) Market Dominating Segments • The global 3PL market is occupied by dedicated contract carriage and domestic transportation management to two-third of the service type segments. • Increase in free trade agreements between the countries is evolving the market of 3PL companies. • Growth in the trade activities around the globe and increase in the e-commerce industry has increased the demand of the 3PL companies

  6. Third Party Logistics (3PL) Market Region Overview • Geographically, Third Party Logistics (3PL) Market is segmented across North America, Europe, Asia-Pacific, and LAMEA. • Asia Pacific is expected to be the largest as well as fastest growing geography at a CAGR of 6.67% • More than half of the 3PL market in Asia pacific was occupied by China in 2014. • India is anticipated to grow at the highest CAGR of 8.13% during 2016 to 2022.

  7. Third Party Logistics (3PL) Market Leading Players • The leading players in the Third Party Logistics (3PL) Market have adopted key strategies such as collaborations, agreement and acquisition to expand their market presence. • DHL, United Parcel Service, FedEx Corporation, Damco, DB Schenker, Kuehne+Nagel Inc., NYK logistics, Panalpina World Transport Ltd., Union Pacific Corporation and BNSF Railway Company are the key players in this industry.

  8. “ A report titled “Third Party Logistics (3PL) Market - Opportunities and Forecasts, 2014 – 2022” has been recently published by Allied Market Research. It makes an in-depth analysis of current trends, drivers, and restraining factors that affect financial ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from stakeholder’s perspective. To know more about the Third Party Logistics (3PL) Market - Opportunities and Forecasts, 2014 – 2022 report: https://www.alliedmarketresearch.com/3PL-market ” Get the PDF copy of 3PL Market study: https://goo.gl/j2iuYG Follow us on Thank You

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