Global 3PL Market 2016 - Forecasts to 2020: Advances of e-commerce in Retail Sector / High Operational Cost and Competitive Pricing / Advances in Technology - Research and Markets

DUBLIN, June 22, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global 3PL Market 2016-2020" report to their offering.

The global 3PL market to grow at a CAGR of 5.52% during the period 2016-2020.

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.

One trend that will boost market growth is advances in technology. The use of upgraded technologies in logistics service is likely to increase during the forecast period. Logistics service providers have a range of services such as GPS-enabled transportation trucks for tracking, RFID for inventory tracking, bar coding, and management information system related services. These IT-enabled services increase the efficiency of logistics services on scheduling transportation and delivery and inventory management. Companies like Wipro, Kale Consultants, and Wal-Mart have made it essential for their logistics partners to deploy these services. In addition, vendors in the market are now using cloud-based CRM solutions to enhance the vendor-shipper relationship by providing more visibility in the supply chain process, thus reducing SCM complexity.

According to the report, a key growth driver is the advances of e-commerce in the retail sector. Domestic consumption is on a rise as the middle-class population is growing. This reflects the advances in the retail sector, which is witnessing an expansion of well-organized retail spaces. Especially in the e-commerce sector, expansion is more due to the increased adoption of the Internet and mobile services. The growth of revenue in this sector is large because of the supply-side. Efficient inventory management and quick delivery are the keys to operational success. This has led to an increased need for efficiency in delivery systems, inventory management, and freight forwarding. As the market continues to expand, demand for logistics facilities also increases.

Further, the report states that one challenge that could hinder market growth is the high operational cost and competitive pricing. The logistics market requires a capital-intensive infrastructure in terms of a large fleet of vehicles and containers at ports, technology-equipped warehouses specialized for storing different kinds of products, and skilled manpower.

Key vendors

- C.H. Robinson

- CEVA Holdings

- DB Schenker

- Deutsche Post DHL

- DSV

- Kuehne + Nagel

- Nippon Express

Other prominent vendors

- XPO Logistics

- UPS Supply Chain Solutions

- SDV International logistics

- DACHSER

- Expeditors International of Washington

- GEODIS

- Toll Holdings

- J.B. Hunt Transport

- GEFCO

- Agility

- UTi Worldwide

- Yusen Logistics

- Hellmann Worldwide Logistics

- CJ Korea Express

- Ryder System

- Damco International

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by logistics services outsourced

Part 07: Market segmentation by industries

Part 08: Geographical segmentation

Part 09: Key leading countries

Part 10: Market drivers

Part 11: Impact of drivers

Part 12: Market challenges

Part 13: Impact of drivers and challenges

Part 14: Market trends

Part 15: Vendor landscape

For more information visit http://www.researchandmarkets.com/research/5dtsdv/global_3pl_market

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