The third party logistics industry will relinquish an approximated estimate at a frequency of 5.7% for the projection space of 2021 to 2028 with factor such as increasing growth in cross-border trade.
Third party logistics market has shown an exceptional penetration in countries such as China, Japan and India. Increasing growth in advanced technologies such as IoT and RFID tracking systems is boosting the growth in developed countries. In developing countries, increasing growth in e-commerce is increasing the demand for the third party logistics market.
According to Data Bridge Market Research, the market for third party logistics in China has the highest market share followed by the Japan and India. The market leader is DHL International GmbH (a subsidiary of Deutsche Post AG) which accounts an estimated market share of approximately 2% to 7% in the Asia-Pacific region. The company has gained outstanding sales through their third party logistics services which include express services, supply chain solutions, warehousing & distribution and freight transportation.
Trends Impacting the Third Party Logistics Market
Now the question is which other regions DHL International GmbH (a subsidiary of Deutsche Post AG), Nippon Express Co., Ltd. and FedEx are targeting? Data Bridge Market Research has forecasted a large growth in the China and the market leaders targeting the Japan and India to be their next revenue pockets for 2021.
The third party logistics market is becoming more competitive every year with companies such as DHL International GmbH (a subsidiary of Deutsche Post AG), Nippon Express Co., Ltd. and FedEx as they are the market leaders for third party logistics. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the third party logistics market.
For more analysis on the third party logistics market, request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=asia-pacific-third-party-logistics-market
Asia-Pacific third party logistics market is segmented on the basis of countries into the China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and rest of Asia-Pacific.
To know more about the study https://www.databridgemarketresearch.com/reports/asia-pacific-third-party-logistics-market
Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of third party logistics companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-third-party-logistics-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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