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Third-Party Logistics (3PL) Market

Third-Party Logistics (3PL) Market Size by Service (Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing & Distribution (W&D), Value Added Logistics Services (VALs)), Transport (Roadways, Railways, Waterways, Airways), End User, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2028

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12601
  • Published Date: Oct, 2021
  • Pages: 239
  • Category: Automotive & Transportation
  • Format: PDF
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Global Third-Party Logistics (3PL) market seems to reach USD 1,554.70 billion by 2028, at a CAGR of 6.51% from 2021 to 2028. Global Third-Party Logistics (3PL) market is witnessing a considerable growth owing to the high consumer expectation and penetration of internet services.

Market Overview:

The organization uses third party logistics for outsourcing the part of its warehouse, distribution etc. The organization needed the outsourcing of its inventory, to the desired location or any distribution has to contact Third Party Logistics Company for this purpose. Third-party logistics providers specialize in the operation of transportation and warehousing so that the product could reach at the right place, at the right time and right amount to meet the demand. The services provided by the logistics company could extend beyond logistics by providing value-added services like the integration of parts in the supply chain. Third-party Logistics Company typically deals with warehousing, transportation and the provision of raw materials. Companies outsource their logistics to Third Party Logistics Company so that they can focus on the core competencies of the business. This also could lead to the reduction of capital expenditure and mitigate the risk of transportation, as the logistics company would take care of the products during transportation. The increase in the profit margin of the company, operations team, always keeps in mind to use the inventory and transportation cost in an efficient way. The increase in the awareness about the importance of efficient inventory management and to use the capital in better-organized way are driving the third-party logistics market. The third-party logistics takes care of the lean inventory management, short-time deliveries and shorter lifecycle of the product. The advancement in technologies like in third party logistics like cloud-based platform, transportation management system and the use of RFID for monitoring the proper tracking of the shipment is playing the key role in enhancing the service by the logistics company. This is also could be considered as the difference-maker among the logistics company. The advent of automation in the logistics and the rise in IoT based services are fuelling the third-party logistics market. Also, the rise in the expectation of the consumer and the rapid urbanization is also propelling the third-party logistics market. The growing e-commerce industries, and penetrating of the internet services are boosting the third-party logistics market.

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Market Dynamics:

Drivers:
  • The high consumer expectation and penetration of internet services

The consumer expectation has increased. They want the shipment as soon as possible. Also, in some of the deliveries, the product lifecycle is short. Many times the products to be shipped are delicate. This requires fast service, good transportation service and proper warehousing all these factors are driving the third-party logistics market. The advent of internet services has increased the trend of e-commerce companies which requires proper logistics service, also with the internet services, the process of logistics have become more transparent, now one can track its shipment of the product. All these factors are driving the third-party logistics market.

  • The increasing trend of e-commerce industries

The advancement in technologies in the logistics sector and the increasing trend of IoT facilities are expanding the e-commerce industries globally. This has brought a major shift in manufacturing and retail business models. The timely delivery of the shipment and the good condition of the products delivered are driving the e-commerce industries, which in turn is driving the third-party logistics market. The surge in per capita income of the people and the busy lifestyle of the people have them to buy things using e-commerce websites. The proper transparency provided by the company website, by proper tracking of the shipment, the timely shipment of the product and the good condition of the product is driving the e-commerce industries which in turn drives the third-party logistics market.

Restraints:
  • The lack of infrastructure

The growing infrastructure in the developed and developing countries are helping in the expansion of third party logistics market. But still, there are many places where the infrastructure is not good, the roads, the air service and waterways are not organized, this may result in the lost shipment, tampered items which are delivered and late delivery of the product. These factors discourage logistics market. These lack of infrastructure, with all the formalities that the logistics company has to follow, are acting as a restraint for the market.

Opportunities:
  • The advancement in technologies

The advancement in technologies in the third part logistics is providing a great opportunity for the market in the forecasting period. The new technologies like cloud-based platform, big data, transport management system and the use of RFID to track the shipment is fuelling the market and will drive the market in the forecasting period. The big data enhances the supply chain process; the transportation management services helps in finding the shortest path. The RFID used to give more transparency in the process to both the customer and the logistics company by proper tracking of the vehicle and the shipment. All these factors are helping the logistics company in delivering the product at the right time to the right customer and with the right condition of the product. All these factors are also driving the e-commerce market, which in turn is driving the third-party logistics market.

Segmentation Analysis:

The global third party logistics market has been segmented based on service, transport, end-user and regions.

  • The service segment is divided into Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing & Distribution (W&D) and Value Added Logistics Services (VALs). The International Transportation Management (ITM) segment is accounted for the highest market share of 42.13% in 2020. This is due to the expanding e-commerce industries. The international trade has also increased with the advancement of technologies and with the betterment of the infrastructure in the countries. Also, trade liberalization policies have also boosting international trade.
  • The transport segment includes roadways, railways, waterways and airways. The roadways segment accounts for 42.36% of the market share in 2020. This is because in developed countries are very well connected by roads. Road connectivity is further increased in developing countries. For transportation in many of tier 2 and tier 3 cities in many countries, roadways are a better way to transport as these cities are well connected by the roads.
  • The end-user segment consists of manufacturing, retail, healthcare, automotive and others. The manufacturing segment accounts for 38.14% of market share in 2020. This is because of the growing manufacturing activities in countries like India, China, Brazil, Mexico etc. The rise in the manufacturing activities creates the demand for outsourcing of the products and raw materials. This drives the logistics market.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Asia Pacific is accounting for the highest marketing share in 2020.

  • Asia Pacific region is having the highest market share of 34.11% in 2020. This is due to the growing manufacturing zone in the developing countries of the region like China and India. Also, because of the increase in disposable income of the people, the retail sector has also grown in the region. The surge in per capita income has also changed the lifestyle of the people, their need has increased, and they can now buy quality products, they have become more tech-savvy, this has also grown the e-commerce industries in the region, which in turn drives the third-party logistics market.
  • North America had the second-largest market share of 28.78% in 2020. This is because all the key logistics companies are present in the region and the region is having the most advanced infrastructure and well connected by all means of transport from railways, road, sea etc.

Asia Pacific Third-Party Logistics (3PL) Market Share in 2020 - 34.11%

 

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Competitive Analysis:

The big players are now focused in the implementation of strategies like joint venture, product innovations, merger and acquisition and partnerships etc. to gain the market share and to strengthen its position in the global Third-Party Logistics (3PL) industry.

In August 2017, DB Schenker was planning to acquire SB Global Logistics its partner in the supply chain in New Zealand. This acquisition would expand the organization presence in New Zealand to South Island.

In August 2019, FedEx agreed to acquire Cargex. This acquisition would complement the round trip flight announced by FedEx express from Colombia to Miami.

List of Key Market Players:

  • C.H. Robinson Worldwide, Inc.,
  • DB Schenker
  • DHL INTERNATIONAL GMBH,
  • NIPPON EXPRESS,
  • FedEx
  • BDP International
  • Burris Logistics
  • Ozburn-Hessey Logistics, LLC.
  • KUEHNE + NAGEL
  • UPS Supply Chain Solutions Inc

Key Target Audience

  • Manufacturing Industries
  • Retail Industries
  • Healthcare Industries
  • Automotive Industries
  • Research & Consulting Firms

Report Description:

  • Global Third-Party Logistics (3PL) Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2028 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2028 are the forecast years. The global Third-Party Logistics (3PL) market is based on revenue (USD Million/Billion), volume and price. The report incorporates the market study on the basis of revenue, and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global Third-Party Logistics (3PL) market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of service, transport, end-user and regionswhich are deduced and formulatedon the basis of theirgrowth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to fathommarket growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global Third-Party Logistics (3PL) market. This offersvital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global Third-Party Logistics (3PL) market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development &innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which acts as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global Third-Party Logistics (3PL) market) is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the Third Party Logistics (3 PL) market was valued at USD 943.50 billion in 2020 and is anticipated to reach USD 1,554.70 billion by 2028.

Global Third Party Logistics (3 PL) market is growing at a CAGR of 6.51% during the forecast period 2021-2028.

The global Third Party Logistics (3 PL) market has been segmented based on service, transport, end-user and regions. Road ways segment is accounted for the largest market share in 2020.

The Asia Pacific region emerged as the largest market for the 3 PL.

The high consumer expectation and penetration of internet services is the key driving factors for the Third Party Logistics (3 PL) market.

The lack of infrastructure could hamper the market growth.

The advancement in technologies will provide huge opportunities to the market.

Key players are C.H. Robinson Worldwide, Inc., DB Schenker, DHL INTERNATIONAL GMBH, NIPPON EXPRESS, FedEx.

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Service
          4.3.2. Market Attractiveness Analysis By End user
          4.3.3. Market Attractiveness Analysis By Transport
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The high consumer expectation and penetration of internet services
          5.2.2. The increasing trend of e-commerce industries.
    5.3. Restraints
          5.3.1. The lack of infrastructure
    5.4. Opportunities
          5.4.1. The advancement in technologies

6. Global Third Party Logistics (3 PL) Market Analysis and Forecast, By Service
    6.1. Segment Overview
    6.2. Dedicated Contract Carriage (DCC)/Freight forwarding
    6.3. Domestic Transportation Management (DTM)
    6.4. International Transportation Management (ITM)
    6.5. Warehousing & Distribution (W&D)
    6.6. Value Added Logistics Services (VALs)

7. Global Third Party Logistics (3 PL) Market Analysis and Forecast, By End user
    7.1. Segment Overview
    7.2. Manufacturing
    7.3. Retail
    7.4. Healthcare
    7.5. Automotive
    7.6. Others

8. Global Third Party Logistics (3 PL) Market Analysis and Forecast, By Transport
    8.1. Segment Overview
    8.2. Roadways
    8.3. Railways
    8.4. Waterways
    8.5. Airways

9. Global Third Party Logistics (3 PL) Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Third Party Logistics (3 PL) Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in Global Third Party Logistics (3 PL) Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Type Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. C.H. Robinson Worldwide, Inc.
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. DB Schenker
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. DHL INTERNATIONAL GMBH
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. NIPPON EXPRESS
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. FedEx
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. BDP International
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Burris Logistics
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Ozburn-Hessey Logistics, LLC
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. KUEHNE + NAGEL
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. UPS Supply Chain Solutions Inc
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
 

List of Table

1. Global Third Party Logistics (3 PL)  Market, By Service, 2018–2028 (USD Billion)

2. Global Dedicated Contract Carriage (DCC)/Freight forwarding Third Party Logistics (3 PL)  Market, By Region, 2018–2028 (USD Billion)

3. Global Domestic Transportation Management (DTM)Third Party Logistics (3 PL)  Market, By Region, 2018–2028 (USD Billion)

4. Global International Transportation Management (ITM)Third Party Logistics (3 PL)  Market, By Region, 2018–2028 (USD Billion)

5. Global Warehousing & Distribution (W&D) Third Party Logistics (3 PL)  Market, By Region, 2018–2028 (USD Billion)

6. Global Value Added Logistics Services (VALs)Third Party Logistics (3 PL)  Market, By Region, 2018–2028 (USD Billion)

7. Global Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

8. Global Manufacturing, Third Party Logistics (3 PL)  Market, By Region, 2018–2028 (USD Billion)

9. Global Retail, Third Party Logistics (3 PL)  Market, By Region, 2018–2028 (USD Billion)

10. Global Healthcare, Third Party Logistics (3 PL)  Market, By Region, 2018–2028 (USD Billion)

11. Global Automotive, Third Party Logistics (3 PL)  Market, By Region, 2018–2028 (USD Billion)

12. Global Others, Third Party Logistics (3 PL)  Market, By Region, 2018–2028 (USD Billion)

13. Global Third Party Logistics (3 PL)  Market, By Transport , 2018–2028 (USD Billion)

14. Global Roadways, Third Party Logistics (3 PL)  Market, By Region, 2018–2028 (USD Billion)

15. Global Railways, Third Party Logistics (3 PL)  Market, By Region, 2018–2028  (USD Billion)

16. Global Waterways, Third Party Logistics (3 PL)  Market, By Region, 2018–2028  (USD Billion)

17. Global Airways, Third Party Logistics (3 PL)  Market, By Region, 2018–2028  (USD Billion)

18. Global Third Party Logistics (3 PL)  Market, By Region, 2018–2028 (USD Billion)

19. Global Third Party Logistics (3 PL)  Market, By North America, 2018–2028 (USD Billion)

20. North America Third Party Logistics (3 PL)  Market, By Service, 2018–2028 (USD Billion)

21. North America Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

22. North America Third Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

23. U.S. Third Party Logistics (3 PL)  Market, By Service, 2018–2028 (USD Billion)

24. U.S. Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

25. U.S.Third Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

26. Canada Third Party Logistics (3 PL)  Market, By Service, 2018–2028 (USD Billion)

27. Canada Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

28. CanadaThird Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

29. Mexico Third Party Logistics (3 PL)  Market, By Service, 2018–2028 (USD Billion)

30. Mexico Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

31. MexicoThird Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

32. Europe Third Party Logistics (3 PL)  Market, By Service, 2018–2028 (USD Billion)

33. Europe Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

34. EuropeThird Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

35. Germany Third Party Logistics (3 PL)  Market, By Service, 2018–2028 (USD Billion)

36. Germany Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

37. GermanyThird Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

38. France Third Party Logistics (3 PL)  Market, By Service, 2018–2028 (USD Billion)

39. France Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

40. FranceThird Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

41. U.K. Third Party Logistics (3 PL)  Market, By Service, 2018–2028 (USD Billion)

42. U.K. Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

43. U.K.Third Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

44. Italy Third Party Logistics (3 PL)  Market, By Service, 2018–2028 (USD Billion)

45. Italy Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

46. ItalyThird Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

47. Spain Third Party Logistics (3 PL)  Market, By Service, 2018–2028 (USD Billion)

48. Spain Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

49. SpainThird Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

50. Asia Pacific Third Party Logistics (3 PL)  Market, By Service, 2018–2028 (USD Billion)

51. Asia Pacific Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

52. Asia PacificThird Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

53. Japan Third Party Logistics (3 PL)  Market, By Service, 2018–2028 (USD Billion)

54. Japan Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

55. JapanThird Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

56. China Third Party Logistics (3 PL)  Market, By Service, 2018–2028 (USD Billion)

57. China Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

58. ChinaThird Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

59. India Third Party Logistics (3 PL)  Market, By Service, 2018–2028 (USD Billion)

60. India Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

61. IndiaThird Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

62. South America Third Party Logistics (3 PL)  Market, By Service, 2018–2028 (USD Billion)

63. South America Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

64. South America Third Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

65. Brazil Third Party Logistics (3 PL)  Market, By Metal , 2018–2028 (USD Billion)

66. Brazil Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

67. BrazilThird Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

68. Middle East and Africa Third Party Logistics (3 PL)  Market, By Metal, 2018–2028 (USD Billion)

69. Middle East and Africa Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

70. Middle East and Africa Third Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

71. UAE Third Party Logistics (3 PL)  Market, By Metal, 2018–2028 (USD Billion)

72. UAE Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

73. UAEThird Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

74. South Africa Third Party Logistics (3 PL)  Market, By Metal, 2018–2028 (USD Billion)

75. South Africa Third Party Logistics (3 PL)  Market, By End user, 2018–2028 (USD Billion)

76. South AfricaThird Party Logistics (3 PL)  Market, By Transport, 2018–2028 (USD Billion)

List of Figures 

1. Global Third Party Logistics (3 PL)  Market Segmentation

2. Third Party Logistics (3 PL)  Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Third Party Logistics (3 PL)  Market Attractiveness Analysis By Service  

9. Global Third Party Logistics (3 PL)  Market Attractiveness Analysis By End user   

10. Global Third Party Logistics (3 PL)  Market Attractiveness Analysis By Transport Method    

11. Global Third Party Logistics (3 PL)  Market Attractiveness Analysis By Region

12. Global Third Party Logistics (3 PL)  Market: Dynamics

13. Global Third Party Logistics (3 PL)  Market Share By Metal  (2021 & 2028)

14. Global Third Party Logistics (3 PL)  Market Share by End user   (2021 & 2028)

15. Global Third Party Logistics (3 PL)  Market Share by Transport(2021 & 2028)

16. Global Third Party Logistics (3 PL)  Market Share by Regions (2021 & 2028)

17. Global Third Party Logistics (3 PL)  Market Share by Company (2020)

This study forecasts revenue at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global Third Party Logistics (3 PL) market on the basis of below mentioned segments:

Global Third Party Logistics (3 PL) Market by Service:

  • Dedicated Contract Carriage (DCC)/Freight forwarding
  • Domestic Transportation Management (DTM)
  • International Transportation Management (ITM)
  • Warehousing & Distribution (W&D)
  • Value Added Logistics Services (VALs)

Global Third Party Logistics (3 PL) Market by Transport:

  • Roadways
  • Railways
  • Waterways
  • Airways

Global Third Party Logistics (3 PL) Market by End-User:

  • Manufacturing
  • Retail
  • Healthcare
  • Automotive
  • Others

Global Third Party Logistics (3 PL) Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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