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Third-party Logistics (3PL) Market Poised to Expand at a Robust Pace Over 2020 t

The global third-party logistics (3PL) market was valued at $1,027.71 billion in 2019, and is projected to reach $1,789.94 billion by 2027, registering a CAGR of 7.1% from 2020 to 2027. In 2019, the Asia-Pacific region garnered the highest share in the global 3PL market.

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Third-party Logistics (3PL) Market Poised to Expand at a Robust Pace Over 2020 t

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  2. Third-party Logistics (3PL) Market 3PL is the function by which a manufacturer outsources activities related to logistics and distribution. A 3PL company can provide specialized services such as inventory management, cross-docking, door-to-door delivery, and packaging of products. The market for 3PL service is expected to witness significant growth, due to development of the e-commerce industry. Moreover, the demand for this service is expected to escalate in the near future, due to increase in focus of manufacturers and retailers on their core business (known as core competencies) and subcontracting activities, such as logistics where they have less expertise. Request Customization

  3. Third-party Logistics (3PL) Market The global third-party logistics (3PL) market was valued at $1,027.71 billion in 2019, and is projected to reach $1,789.94 billion by 2027, registering a CAGR of 7.1% from 2020 to 2027. In 2019, the Asia-Pacific region garnered the highest share in the global 3PL market. Dynamic market conditions and improvement in the global economy are the key factors driving globalization. Various activities related to trade have been witnessed to increase, owing to rise in globalization. Hence, manufactures or retailers find it difficult to keep a track of these activities in an efficient manner, 3PL companies help these manufacturers to keep track and control these activities. This factor is expected to drive the market. Moreover, development of the overseas market is a significant factor that fuels the growth of the 3 PL industry. Purchase Enquiry

  4. Third-party Logistics (3PL) Market Key Benefits For Stakeholders • This study comprises the analytical depiction of the global 3PL market analysis along with the current trends and future estimations to depict the imminent investment pockets. • The overall market potential is determined to understand the profitable trends to gain a stronger foothold. • The report presents information related to the key drivers, restraints, and opportunities of the global 3PL market with a detailed impact analyses. • The current market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency. • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry. Connect Analyst

  5. Third-party Logistics (3PL) Market Major Companies:  C.H. Robinson Worldwide  DB Schenker  DHL International GMBH  FedEx Corporation  L3Harris Technologies, Inc.  KUEHNE+NAGEL Inc.  Maersk  Nippon Express  Panalpina World Transport Ltd.  Union Pacific Railroad  United Parcel Service COVID-19 impact

  6. Third-party Logistics (3PL) Market Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 States TollFree (USA/Canada): +1-800-792-5285, +1-503-894-6022, +1-503-446- 1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20- 66346060 Fax: +1⟨855⟩550- 5975 Web: www.alliedmarketresearch.com Allied Market Research Blog: https://blog.alliedmarketresearch.com Follow Us on | Facebook | Twitter | LinkedIn | United

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