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(Construction.IndustryNews247.Com, November 27, 2018 ) Increase in demand for minimizing overall operational cost and manufacturer's focus on timely delivery of products are projected to escalate the market growth at a CAGR of 5.6%.
Latest market study on “Third Party Logistics (3PL) Market to 2025 by Mode of Transport (Roadways, Railways, Waterways, and Airways), Services (International Transportation, Warehousing, Domestic Transportation, and Inventory Management), and End-User (Automotive, Healthcare, Retail, and Consumer Goods) – Global Analysis and Forecast”, the third party logistics market is estimated to reach US$ 1,240.0 million by 2025 from US$ 805.4 million in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Get sample copy: http://bit.ly/2QsMCnh
Asia-Pacific is the dominant region in the third party logistics market and this region is expected to continue its lead during the forecast period. Where, China dominated the demand for third party logistics services with the increase in business expansion. Asia-Pacific is contributing to the highest revenue globally due to robust economic growth along with growing retail enactment owing to the rising disposable income in this region. Further, fast growth in e-commerce sector and rise in foreign direct investment are boosting the market for third party logistics in this region. North America is expected to be the fastest growing region in third party logistics market owing to the service integration, data management, expansion of service offerings, and inclination towards offering more flexible solutions to customers.
Roadways is the leading mode of transport segment, whereas airways is growing rapidly across the globe.
Airways is often considered as an alternative for other mode of transport especially in case of flooding and conflict situations. The factors that influence the selection for airway mode of transport are availability & cost of different types of aircraft, the distance to be travelled & possible constraints on certain airspace, and securing landing & over-flight permission.
The major players operating in the third party logistics market are Deutsche Post DHL Group, Kuehne + Nagel International AG, Nippon Express Co., Ltd., DB Schenker, C.H. Robinson, DSV, XPO Logistics, Sinotrans, GEODIS, and UPS Supply Chain Solutions.
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The report segments the global third party logistics market as follows:
Global Third Party Logistics Market– By Mode of Transport
Roadways
Railways
Waterways
Airways
Others
Global Third Party Logistics Market– By Services
International Transportation
Warehousing
Domestic Transportation
Inventory Management
Others
Global Third Party Logistics Market– By End-User
Automotive
Healthcare
Retail
Consumer Goods
Others
Global Abrasive wheels Market– By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Asia Pacific (APAC)
Australia
China
India
Japan
Middle East & Africa (MEA)
South Africa
Saudi Arabia
UAE
South America (SA)
Brazil
Argentina
The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com 
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