Third-party Logistics Market Demand, Production Growth,
Top Key Players and Forecast to 2026
Third-party Logistics Market research provides industry analysis by
type, manufacturer, application along with key factors influencing
the growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
Third party logistics (TPL or 3PL), is a service provider outsourced by a company in a supply
chain management or logistic. Increasing globalization for trade offers manufacturing companies
with a worldwide networking platform. Companies majorly focus on keeping up with their
productivity, and thus rely on third party logistics to suffice their transportation and packaging.
This in turn, has driven growth of the market for third part logistics. Growing e-commerce
industry is one of the major drivers for growth of the global third party logistics market. For
instance, in 2016, the global B2C ecommerce industry generated revenue of US$ 2.1 trillion,
from US$ 1.8 trillion in 2015, and is expected to reach up to US$ 2.4 trillion by 2017. Several e-
commerce companies that have adopted the online platform to sell their products do not have
their own logistics services. This also contributes to the increased demand for TPL. Increasing
number of startups, generally are unable to afford their own logistics services, thus increasing
the demand for third party logistics. Moreover, the convenience of shopping online, is increasing
adoption of online shopping by several customers worldwide, which in turn, is expected to fuel
growth
of
the
third
party
logistic
services
in
e-commerce
industry.
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