North America Third Party Logistics Market to 2027 - Analysis and Forecasts by Mode of Transport (Roadways, Railways, Waterways, and Airways), Services (International Transportation, Warehousing, Domestic Transportation, and Inventory Management), End-User (Automotive, Healthcare, Retail, and Consumer Goods), and Customer (Small & Medium Enterprises and Large Enterprises)
Publication Month: Apr 2019
Report Code: TIPRE00003898 No. of Pages: 147 Category: Manufacturing and Construction Status: Published
Third Party Logistics market in North America is expected to grow from US$ 196.2 Bn in 2017 to US$ 315.0 Bn by the year 2027. This represents a CAGR of 6.2% from the year 2018 to 2027.
Enhancing focus of manufacturing companies are concentrating on reducing assets and emphasize on core business is fueling the North America third party logistics market. 3PL firms also help to reduce inventory cost and can strategize to reduce a company's overall shipping & delivery costs as well. The core companies may not have that time or expertise to keep logistic services and systems updated. The company often face challenges meeting timely delivery of products during high business growth. Outsourcing logistic function from a third party is helpful for core companies as these firms manage and maintain warehouse, transportation, and other operations with more efficiently with expertise. Also, 3PL eliminates the need to invest in technology, warehouse space, transportation, a trained staff in order to execute the logistics process, thereby driving the third party logistics market in North America. This factor has created a potential market space for North America third party logistics market.
The bolstering acceptance of several software solutions is anticipated to fuel the North America third party logistics market growth. In coming years, the 3PL firms are expected to shift towards mobile technology in order to reduce the paper records. Moreover, the adoption of the RFID enabled devices are expected to store data for easy transport that will also simplify tracking & identification of products. Software related to transportation management system will reduce the inefficiency and costs with saving time for operations. For instance, XPO Logistics announced XPO Connect which is a digital freight and cloud-based marketplace. This platform is developed to offer shippers with a single POE (point of entry) for visibility across modes to minimize cost and time. These initiative by the market player are enhancing the growth of North America third party logistics market.
US is anticipated to leads the third party logistics market across the North America region through the forecast period. US is one of the leading market for 3PL in North America where warehousing is the major outsourced logistics service. Increase in inclination of manufacturers to develop paperless work along with rise in adoption of just-in-time trucking for e-commerce companies is boosting the market for 3PL in U.S. The growth of the warehousing market in the U.S is majorly attributed to the rising sophistication and system capabilities of the VAWD (Verified-Accredited Wholesale Distributors) and 3PL. The industry therefore offers great opportunities for the high tech development, particularly to the automotive shippers along with other verticals. This bolster the North America third party logistics market on the forecast period. The figure given below highlights the revenue share of Mexico in the North America third party logistics market in the forecast period:
NORTH AMERICA AUTOMOTIVE SEMICONDUCTOR - MARKET SEGMENTATION
By Mode of Transport
By Services
By End User
By Country
Companies Mentioned
Enhancing focus of manufacturing companies are concentrating on reducing assets and emphasize on core business is fueling the North America third party logistics market. 3PL firms also help to reduce inventory cost and can strategize to reduce a company's overall shipping & delivery costs as well. The core companies may not have that time or expertise to keep logistic services and systems updated. The company often face challenges meeting timely delivery of products during high business growth. Outsourcing logistic function from a third party is helpful for core companies as these firms manage and maintain warehouse, transportation, and other operations with more efficiently with expertise. Also, 3PL eliminates the need to invest in technology, warehouse space, transportation, a trained staff in order to execute the logistics process, thereby driving the third party logistics market in North America. This factor has created a potential market space for North America third party logistics market.
The bolstering acceptance of several software solutions is anticipated to fuel the North America third party logistics market growth. In coming years, the 3PL firms are expected to shift towards mobile technology in order to reduce the paper records. Moreover, the adoption of the RFID enabled devices are expected to store data for easy transport that will also simplify tracking & identification of products. Software related to transportation management system will reduce the inefficiency and costs with saving time for operations. For instance, XPO Logistics announced XPO Connect which is a digital freight and cloud-based marketplace. This platform is developed to offer shippers with a single POE (point of entry) for visibility across modes to minimize cost and time. These initiative by the market player are enhancing the growth of North America third party logistics market.
US is anticipated to leads the third party logistics market across the North America region through the forecast period. US is one of the leading market for 3PL in North America where warehousing is the major outsourced logistics service. Increase in inclination of manufacturers to develop paperless work along with rise in adoption of just-in-time trucking for e-commerce companies is boosting the market for 3PL in U.S. The growth of the warehousing market in the U.S is majorly attributed to the rising sophistication and system capabilities of the VAWD (Verified-Accredited Wholesale Distributors) and 3PL. The industry therefore offers great opportunities for the high tech development, particularly to the automotive shippers along with other verticals. This bolster the North America third party logistics market on the forecast period. The figure given below highlights the revenue share of Mexico in the North America third party logistics market in the forecast period:
Exhibit: Mexico Third Party Logistics Market Revenue and Forecasts to 2027 (US$ Bn)
By Mode of Transport
• Roadways
• Railways
• Waterways
• Airways
By Services
• International Transportation
• Warehousing
• Domestic Transportation
• Inventory Management
• Others
By End User
• Automotive
• Healthcare
• Retail
• Consumer Goods
• Others
By Customer• Small & Medium Enterprises
• Large Enterprises
By Country
• US
• Canada
• Mexico
Companies Mentioned
- 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
- UPS Supply Chain Solutions
PART 1.iNTRODUCTION
1.1Scope of the Study
1.2The insight partners research reports guidance
PART 2.key takeaways
2.1Retail is the leading end user segment in 2017
PART 3.North america third party logistics market landscape
3.1Market overview
3.2Market segmentation
3.2.1North America Third Party Logistics Market – By Mode of Transport
3.2.2North America Third Party Logistics Market – By Services
3.2.3North America Third Party Logistics Market – By End User
3.2.4North America Third Party Logistics Market – By Customer
3.2.5North America Third Party Logistics Market – By Country
3.3North America pest analysis
PART 4.North America third party logistics market – key industry dynamics
4.1key market drivers
4.1.1Focus on Managing Timely Delivery Along With Reducing Overall Operational Cost
4.1.2Manufacturing Companies are Concentrating on Reducing Assets and Emphasize on Core Business
4.2Key market restraints
4.2.1Limited Focus of Manufacturer on Logistics Service and Delivery Processes
4.3key market opportunities
4.3.1Escalating Adoption of E-Commerce in Retail Sector
4.4Future trends
4.4.1Bolstering Acceptance of Several Software Solutions
4.5impact analysis of Drivers and restraints
PART 5.Third party logistics Market – North america market analysis
5.1Third party logistics market – north america market overview
5.2third 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
6.1Overview
6.2North America third party logistics Market, By Mode of Transport market forecasts and analysis
6.3Roadways
6.3.1Overview
6.3.2North America Third Party Logistics Market, By Roadways Third Party Logistics Market Forecasts and Analysis, (US$ Mn)
6.4Railways
6.4.1Overview
6.4.2North America Third Party Logistics Market, By Railways Third Party Logistic Market Forecasts and Analysis (US$ Mn)
6.5Waterways
6.5.1Overview
6.5.2North America Third Party Logistics Market, By Waterways Third Party Logistics Market Forecasts and Analysis (US$ Mn)
6.6Airways
6.6.1Overview
6.6.2North America Third Party Logistics Market, By Airways Third Party Logistics Market Forecasts and Analysis (US$ Mn)
PART 7.north america third party logistics market revenue and forecasts to 2025 – by service
7.1Overview
7.2North America Third Party Logistics Market, By service market forecasts and analysis
7.3international transportation
7.3.1Overview
7.3.2North America Third Party Logistics Market, By International transportation market forecasts and analysis
7.4Warehousing
7.4.1Overview
7.4.2North America Third Party Logistics Market, By Warehousing market forecasts and analysis
7.5Domestic transportation
7.5.1Overview
7.5.2North America Third Party Logistics Market, By Domestic transportation market forecasts and analysis
7.6inventory management
7.6.1Overview
7.6.2North America Third Party Logistics Market, By Inventory management market forecasts and analysis
7.7Others
7.7.1Overview
7.7.2North America Third Party Logistics Market, By Others Services market forecasts and analysis
PART 8.north america third party logistics market revenue and forecasts to 2025 – by End-User
8.1Overview
8.2North America Third Party Logistics Market, By end-user market forecasts and analysis
8.3Automotive
8.3.1Overview
8.3.2North America Third Party Logistics Market, By Automotive market forecasts and analysis
8.4healthcare
8.4.1Overview
8.4.2North America Third Party Logistics Market, By Healthcare Market Forecasts and Analysis
8.5retail
8.5.1Overview
8.5.2North America Third Party Logistics Market, By Retail Market Forecasts and Analysis
8.6consumer goods
8.6.1Overview
8.6.2North America Third Party Logistics Market, By Consumer goods market forecasts and analysis
8.7Others
8.7.1Overview
8.7.2North America Third Party Logistics Market, By Others End- User market forecasts and analysis
PART 9.north america third party logistics market revenue and forecasts to 2025 – by customer
9.1Overview
9.2North America Third Party Logistics Market, By customer market forecasts and analysis
9.3small & medium enterprises
9.3.1Overview
9.3.2North America Third Party Logistics Market, By Small & Medium Enterprises Market Forecasts and Analysis
9.4large enterprises
9.4.1Overview
9.4.2North America Third Party Logistics Market, By Large Enterprises Market Forecasts and Analysis
PART 10.north america third party logistics – country ANalysis
10.1Overview
10.1.1North America Third Party Logistics Market Breakdown by Key Countries
10.1.1.1North America Third party logistics Market, By U.S. Third Party Logistics Market Revenue and Forecasts to 2025 (US$ Bn)
10.1.1.2North America Third party logistics Market, By Canada Third Party Logistics Market Revenue and Forecasts to 2025 (US$ Bn)
10.1.1.3North America Third party logistics Market, By Mexico Third Party Logistics Market Revenue and Forecasts to 2025 (US$ Bn)
PART 11.Industry Landscape
11.1Merger & Acquisitions
11.2Market Initiatives
11.3New Developments
PART 12.COmpetitive Landscape
12.1Competitive Product Mapping
PART 13.north america third party logistics market- key company profiles
13.1Deutsche Post AG
13.1.1Key Facts
13.1.2Business Description
13.1.3Financial Overview
13.1.4SWOT Analysis
13.1.5Key Developments
13.2KUEHNE + NAGEL International AG
13.2.1Key Facts
13.2.2Business Description
13.2.3Financial Overview
13.2.4SWOT Analysis
13.2.5Key Developments
13.3Nippon Express Co., Ltd.
13.3.1Key Facts
13.3.2Business Description
13.3.3Financial Overview
13.3.4SWOT Analysis
13.3.5Key Developments
13.4DB Schenker (Deutsche Bahn AG)
13.4.1Key Facts
13.4.2Business Description
13.4.3Financial Overview
13.4.4SWOT Analysis
13.4.5Key Developments
13.5C.H. Robinson Worldwide, Inc.
13.5.1Key Facts
13.5.2Business Description
13.5.3Financial Overview
13.5.4SWOT Analysis
13.5.5Key Developments
13.6DSV A/S
13.6.1Key Facts
13.6.2Business Description
13.6.3Financial Overview
13.6.4SWOT Analysis
13.6.5Key Developments
13.7XPO Logistics, Inc.
13.7.1Key Facts
13.7.2Business Description
13.7.3Financial Overview
13.7.4SWOT Analysis
13.7.5Key Developments
13.8Sinotrans Co., Ltd.
13.8.1Key Facts
13.8.2Business Description
13.8.3Financial Overview
13.8.4SWOT Analysis
13.8.5Key Developments
13.9GEODIS
13.9.1Key Facts
13.9.2Business Description
13.9.3Financial Overview
13.9.4SWOT Analysis
13.9.5Key Developments
13.10UPS Supply Chain Solutions (United Parcel Service, Inc.)
13.10.1Key Facts
13.10.2Business Description
13.10.3Financial Overview
13.10.4SWOT Analysis
13.10.5Key Developments
PART 14.Appendix
14.1about the insight partners
14.2glossary
14.3Methodology
14.3.1Coverage
14.3.2Secondary Research
14.3.3Primary Research
list of tables
TABLE 1.North America Third party logistics Market Revenue and Forecasts to 2025 (US$ bn)
TABLE 2.North America Third party logistics Market, By mode of transport Revenue and Forecasts to 2025 (US$ bn)
TABLE 3.North America Third party logistics Market, By services Revenue and Forecasts to 2025 (US$ bn)
TABLE 4.North America Third party logistics Market, By end-user Revenue and Forecasts to 2025 (US$ bn)
TABLE 5.North America Third party logistics Market, By Customer Revenue and Forecasts to 2025 (US$ bn)
TABLE 6.North America Third party logistics Market, By Country Revenue and Forecasts to 2025 (US$ bn)
TABLE 7.Glossary of terms,third party logistics market
list of figures
FIGURE 1.North America Third party logistics Market, by end user, Revenue (%), 2017 & 2025
FIGURE 2.NORTH AMERICA Third party logistics Market Segmentation
FIGURE 3.NORTH AMERICA Third party logistics Market by COUNTRY
FIGURE 4.North America PEST Analysis
FIGURE 5.North America third party logistcis Market Impact Analysis of Driver and Restraints
FIGURE 6.North America third party logistics Market Breakdown By Mode of Transport, 2017 & 2025 (%)
FIGURE 7.North America Third Party Logistics Market, By roadways third party logistcis Market Revenue and Forecasts to 2025 (US$ bn)
FIGURE 8.North America Third Party Logistics Market, By railway third party logistics Market Revenue and Forecasts to 2025 (US$ bn)
FIGURE 9.North America Third Party Logistics Market, By waterways third party logistics Market Revenue and Forecasts to 2025 (US$ bn)
FIGURE 10.North America Third Party Logistics Market, By airways third party logistics Market Revenue and Forecasts to 2025 (US$ bn)
FIGURE 11.North America third party logistics Market Breakdown By service, by revenue, 2017 & 2025 (%)
FIGURE 12.North America Third Party Logistics Market, By international transportation Market Breakdown, 2016 & 2025 ($bn)
FIGURE 13.North America Third Party Logistics Market, By warehousing Market Breakdown, 2016 & 2025 ($bn)
FIGURE 14.North America Third Party Logistics Market, By domestic transportation Market Breakdown, 2016 & 2025 ($bn)
FIGURE 15.North America Third Party Logistics Market, By inventory management Market Breakdown, 2016 & 2025 ($bn)
FIGURE 16.North America Third Party Logistics Market, By others Market Breakdown, 2016 & 2025 ($bn)
FIGURE 17.North America Third Party Logistics Market Breakdown by end user, By revenue, 2017 & 2025 (%)
FIGURE 18.North America Third Party Logistics Market, By automotive 3pl Market Breakdown, 2016 & 2025 ($bn)
FIGURE 19.North America Third Party Logistics Market, By healthcare 3pl Market Breakdown, 2016 & 2025 ($Bn)
FIGURE 20.North America Third Party Logistics Market, By retail 3pl Market Breakdown, 2016 & 2025 ($bn)
FIGURE 21.North America Third Party Logistics Market, By consumer goods 3pl Market Breakdown, 2016 & 2025 ($bn)
FIGURE 22.North America Third Party Logistics Market, By other end-User Market Breakdown, 2016 & 2025 ($bn)
FIGURE 23.North America Third Party Logistics Market Breakdown by customer, By revenue, 2017 & 2025 (%)
FIGURE 24.North America Third Party Logistics Market, By small & medium enterprises 3pl Market Breakdown, 2016 & 2025 ($bn)
FIGURE 25.North America Third Party Logistics Market, By Global large enterprises 3pl Market Breakdown, 2016 & 2025 ($Bn)
FIGURE 26.North America Third party logistics Market Breakdown by Key Countries, 2017 & 2025 (%)
FIGURE 27.North America Third party logistics Market, By U.S. Third party logistics Market Revenue and Forecasts to 2025 (US$ bn)
FIGURE 28.North America Third party logistics Market, By Canada Third party logistics Market Revenue and Forecasts to 2025 (US$ bn)
FIGURE 29.North America Third party logistics Market, By Mexico Third party logistics Market Revenue and Forecasts to 2025 (US$ bn)
The List of Companies
1. DEUTSCHE POST AG2. KUEHNE + NAGEL INTERNATIONAL AG
3. NIPPON EXPRESS CO., LTD.
4. DB SCHENKER
5. C.H. ROBINSON WORLDWIDE, INC.
6. DSV A/S
7. XPO LOGISTICS, INC.
8. SINOTRANS CO., LTD.
9. GEODIS
10. UPS SUPPLY CHAIN SOLUTIONS
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the NORTH AMERICA third party logistics market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the NORTH AMERICA third party logistics market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth NORTH AMERICA market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution