DUBLIN--(BUSINESS WIRE)--The "North America Third Party Logistics Market to 2027 - Analysis and Forecasts by Mode of Transport, Services, End-User, and Customer" report has been added to ResearchAndMarkets.com's offering.
The North America Third-party logistics market accounted for US$ 168.4 Bn in 2017 and is expected to grow at a CAGR of 6% over the forecast period 2018-2027, to account for US$ 266.1 Bn in 2027.
Factors including a focus on managing timely delivery along with reducing overall operational cost driving the North America Third-party logistics market. 3PL eliminates the need to invest in technology, warehouse space, transportation, trained staff to execute the logistics process.
Additionally, hiring the third party firms is more cost-effective than investing in own logistic operations. Thus, reducing overall operational cost and managing timely delivery are expected to drive the North America market for third party logistics. The market players are focusing on various initiatives to enhance its reach to rural areas and boost its position in the North America Third party logistics market.
The North America Third-party logistics market is fragmented with the presence of several industries and the competitive dynamics in the market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the North America Third-party logistics market further. For instance, the tax policies and regulations are one of the significant factors to be considered in 3PL as these firms operate in both international and domestic level. Business disruptions and costly trade penalties may expose 3PL firms to the huge risk and hamper customer relationships.
Global expansion and intense competition in 3PL contribute to increasing regulatory compliance and changing tax regulations may act as a threat to the growth of the companies. These initiatives are implemented to enhance the technologies that positively impact on the North America Third-party logistics market.
These initiative provide various benefits to the Third-party logistics-based companies located in the region thus, increasing the growth of North America Third-party logistics markets. This is further expected to give the North America Third-party logistics market players to cope up with the rapidly transforming automotive industry. This initiative offers multiple benefits to the companies present in this region and thus increasing the growth of North America Third-party logistics market.
On the basis of End-User, the retail segment is leading the North America Third-party logistics market. However, the automotive segment are anticipated to grow at a highest CAGR. Automotive industries are highly dependent on strategic logistic services in order to ensure effective & efficient operations and for allocating resources in other operations. Automotive products has their heavier usage and larger size which makes this industry as one of the leading user of integrated logistics systems and services.
The logistics services commonly used in auto industry are express services, inbound material flow management, reverse logistics, just-in-time delivery, cross-docking, and warehousing. Currently, the market players are looking ahead to support North America Third-party logistics industry by innovating advanced technological components.
Some of the players present in Third-party logistics market are Deutsche Post AG, Kuehne + Nagel International AG, Nippon Express Co., Ltd., DB Schenker, C.H. Robinson Worldwide, Inc., DSV A/S, XPO Logistics, Inc., Sinotrans Co., Ltd., Geodis, and UPS Supply Chain Solutions among others.
Key Topics Covered
Part 1. Introduction
1.1 Scope of the Study
1.2 Report Guidance
Part 2. Key Takeaways
2.1 Retail is the Leading End User Segment in 2017
Part 3. North America Third Party Logistics Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 North America Third Party Logistics Market - by Mode of Transport
3.2.2 North America Third Party Logistics Market - by Services
3.2.3 North America Third Party Logistics Market - by End User
3.2.4 North America Third Party Logistics Market - by Customer
3.2.5 North America Third Party Logistics Market - by Country
3.3 North America PEST Analysis
Part 4. North America Third Party Logistics Market - Key Industry Dynamics
4.1 Key Market Drivers
4.1.1 Focus On Managing Timely Delivery Along With Reducing Overall Operational Cost
4.1.2 Manufacturing Companies are Concentrating On Reducing Assets and Emphasize On Core Business
4.2 Key Market Restraints
4.2.1 Limited Focus of Manufacturer On Logistics Service and Delivery Processes
4.3 Key Market Opportunities
4.3.1 Escalating Adoption of E-Commerce in Retail Sector
4.4 Future Trends
4.4.1 Bolstering Acceptance of Several Software Solutions
4.5 Impact Analysis of Drivers and Restraints
Part 5. Third Party Logistics Market - North America Market Analysis
5.1 Third Party Logistics Market - North America Market Overview
5.2 Third Party Logistics Market - North America Market and Forecast to 2025
Part 6. North America Third Party Logistics Market Revenue and Forecasts to 2025 - Mode of Transport
6.1 Overview
6.2 North America Third Party Logistics Market, by Mode of Transport Market Forecasts and Analysis
6.3 Roadways
6.4 Railways
6.5 Waterways
6.6 Airways
Part 7. North America Third Party Logistics Market Revenue and Forecasts to 2025 - by Service
7.1 Overview
7.2 North America Third Party Logistics Market, by Service Market Forecasts and Analysis
7.3 International Transportation
7.4 Warehousing
7.5 Domestic Transportation
7.6 Inventory Management
7.7 Others
Part 8. North America Third Party Logistics Market Revenue and Forecasts to 2025 - by End-User
8.1 Overview
8.2 North America Third Party Logistics Market, by End-User Market Forecasts and Analysis
8.3 Automotive
8.4 Healthcare
8.5 Retail
8.6 Consumer Goods
8.7 Others
Part 9. North America Third Party Logistics Market Revenue and Forecasts to 2025 - by Customer
9.1 Overview
9.2 North America Third Party Logistics Market, by Customer Market Forecasts and Analysis
9.3 Small & Medium Enterprises
9.4 Large Enterprises
Part 10. North America Third Party Logistics - Country Analysis
10.1 Overview
10.1.1 North America Third Party Logistics Market Breakdown by Key Countries
10.1.1.1 North America Third Party Logistics Market, by U.S. Third Party Logistics Market Revenue and Forecasts to 2025 (Us$ Bn)
10.1.1.2 North America Third Party Logistics Market, by Canada Third Party Logistics Market Revenue and Forecasts to 2025 (Us$ Bn)
10.1.1.3 North America Third Party Logistics Market, by Mexico Third Party Logistics Market Revenue and Forecasts to 2025 (Us$ Bn)
Part 11. Industry Landscape
11.1 Merger & Acquisitions
11.2 Market Initiatives
11.3 New Developments
Part 12. Competitive Landscape
12.1 Competitive Product Mapping
Part 13. North America Third Party Logistics Market- Key Company Profiles
13.1 Deutsche Post Ag
13.2 Kuehne + Nagel International Ag
13.3 Nippon Express Co., Ltd.
13.4 Db Schenker (Deutsche Bahn Ag)
13.5 C.H. Robinson Worldwide, Inc.
13.6 Dsv A/S
13.7 Xpo Logistics, Inc.
13.8 Sinotrans Co., Ltd.
13.9 Geodis
13.10 UPS Supply Chain Solutions (United Parcel Service, Inc.)
For more information about this report visit https://www.researchandmarkets.com/r/a8lxtq
