Albany, NY, July 19, 2016 (GLOBE NEWSWIRE) -- 3PL is a business process through which companies outsource their logistics and distribution functions to a service provider that specializes in handling logistics functions such as transportation, warehousing, and freight and forwarding. A logistics service provider that provides these services is called a 3PL provider. Often, 3PL providers go beyond logistics and provide value-added services like inventory management, cross-docking, door-to-door delivery, and packaging of products. They also provide strategic and operational value to many shippers worldwide. This logistics improves effectiveness by introducing new and innovative SCM.
The global 3PL market to grow at a CAGR of 5.52% during the period 2016-2020.The report covers the present scenario and the growth prospects of the global 3PL market for 2016-2020. To calculate the market size, this report covers revenue generated by logistics service providers.
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The market is divided into the following segments based on geography:
- North America
- South America
Global 3PL Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- H. Robinson
- CEVA Holdings
- DB Schenker
- Deutsche Post DHL
- Kuehne + Nagel
- Nippon Express
Other prominent vendors
- XPO Logistics
- UPS Supply Chain Solutions
- SDV International logistics
- Expeditors International of Washington…………
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Key questions answered in this report:-
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- 3PL Market in the US 2016-2020
The 3PL market in the US to grow at a CAGR of 3.29% during the period 2016-2020. The report covers the present scenario and the growth prospects of the 3PL market in the US for 2016-2020. To calculate the market size, the report considers net revenue generated by 3PL service providers.
The market is divided into the following segments based on service area:
- Domestic transportation management (DTM)
- International transportation management (ITM)
- Dedicated contract carriage (DCC)
- Verified accredited wholesale distributors (AWD)
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