Global Retail Third Party Logistics Market, By Service Type (Dedicated Contract Carriage (DCC)/Freight Forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing and Distribution (W and D), Value-Added Logistics Services (VALs)), Transport (Roadways, Railways, Waterways, Airways), End User (E-Commerce, Apparel and Garment Sectors, Perishables), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
In the forecast period from 2021 to 2028, the retail third party logistics market is projected to see market growth at a rate of 7.20%. The Data Bridge Market Research report on the retail third party logistics offers analysis and insights into the various factors expected to be prevalent over the forecast period, while providing their effect on the growth of the market.
Third-party logistics providers assist companies by reducing operational expenses to focus on their core business and produce high revenue. These services often provide businesses with added value across the entire supply chain process, resulting in a productive and profitable supply chain. The rising trend in the market for e-commerce has led to increased freight transport and created many business opportunities for 3PL suppliers.
The growing focus on the core business activities, increasing growth of the e-commerce sector across the globe, decreasing cost of shipping by using third party logistics, rising number of trading activities due to globalization, rise in reverse logistics operations, technology penetration across the logistics sector are some of the major as well as important factors which will likely to accelerate the growth of the retail third party logistics market in the projected timeframe of 2021-2028. On the other hand, increasing usages of the IT solution and software along with adoption of multi modal which tends to reduce cost and time which will further contribute by generating immense opportunities that will led to the growth of the retail third party logistics market in the above mentioned projected timeframe.
Lack of control of manufacturers on logistics service along with risk to goodwill of manufacturer which will likely to act as market restraints factor for the growth of the retail third party logistics in the above mentioned forecasted period. Economic downturn, trade war along with complex rules and regulations which will become the biggest and foremost challenge for the growth of the market.
This retail third party logistics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on retail third party logistics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Retail Third Party Logistics Market Scope and Market Size
Retail third party logistics market is segmented on the basis of service type, transport, and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Retail third party logistics market on the basis of service type has been segmented as dedicated contract carriage (DCC)/freight forwarding, domestic transportation management (DTM), international transportation management (ITM), warehousing and distribution (W and D), and value-added logistics services (VALs). Domestic transportation management (DTM) segment will hold the largest market share due to the increasing consumer demand in various sectors such as healthcare, retail, and others.
- Based on transport, the retail third party logistics market has been segmented into roadways, railways, waterways, and airways. Roadways segment will hold the largest market share due to the growing public-private partnerships model along with rising logistics infrastructure.
- Retail third party logistics has also been segmented on the basis of end user into E-commerce, apparel and garment sectors, and perishables.
Retail Third Party Logistics Market Country Level Analysis
Retail third party logistics market is analysed and market size, volume information is provided by country, service type, transport, and end user as referenced above.
The countries covered in the retail third party logistics market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
The U.S. will dominate the North America retail third party logistics market due to the prevalence of various market players along with rising demand for cold storage in the region while Asia-Pacific region will expect to grow in the forecast period of 2021-2028 due to the growing trans-regional trade corridors and gateways, increasing growth of the pharmaceutical, and automotive sector in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Retail Third Party Logistics Market Share Analysis
Retail third party logistics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to retail third party logistics market.
The major players covered in the retail third party logistics market report are Agility; AmeriCold Logistics, LLC; BDP International; Burris Logistics; C.H. Robinson Worldwide, Inc.; CEVA; Schenker AG Kruppstraße; DSV; Deutsche Post AG; Expeditors International of Washington, Inc.; FedEx; Flexport Inc.; J.B. Hunt Transport, Inc.; Kerry Logistics Network Limited.; Kuehne+Nagel; NIPPON EXPRESS CO., LTD.; GEODIS; Ryder System, Inc.; Schneider National, Inc.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Retail Third Party Logistics Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.