Lewes, DE -- (SBWIRE) -- 02/12/2016 -- Report forecast the 3PL market in the US to grow at a CAGR of 3.29% during the period 2016 - 2020.

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 and warehousing. Often, 3PL providers go beyond logistics and provide value-added services such as inventory management, cross-docking, door-to-door delivery, and packaging of products. They also provide strategic and operational value to many shippers across the globe. There are currently new and innovative supply chain management techniques to improve overall service quality in the 3PL market.

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)

3PL Market in the US 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.

According to the report, companies outsource their logistics services to 3PL service providers to reduce operational costs. The outsourcing of logistics and other SCM-related operations to 3PL providers allows companies to improve the efficiency of their business by focusing on their core competencies.

Further, the report states that an increase in government regulations in the commercial logistics industry in the US has restricted the growth of the market and led to high operational costs.

Key players in the 3PL Market in the US: C.H. Robinson, Deutsche Post DHL, Expeditors, J B Hunt, Kuehne + Nagel, UPS and UTi Worldwide.

Other Prominent Vendors in the market are: A.N. Deringer, Agility, APL Logistics, Arnold Logistics, BAX Global, BDP International, BNSF Logistics, Cardinal Logistics, Cat Logistics, CEVA Logistics, Cornerstone Logistics, Coyote Logistics, CRST Logistics, DB Schenker Logistics, DSC Logistics, Echo Global Logistics, FedEx, Genco, Hub Group, Kenco Logistics Services, Kerry Logistics, Landstar Logistics, LeSaint Logistics, Menlo Worldwide, MIQ Logistics, ModusLink Global Solutions, NAL Logistics, Neovia Logistics Services, NFI, Ozburn-Hessey Logistics, Panalpina, Penske Logistics, Roadrunner Transportation Services, Ryder System, Saddle Creek Logistics Services, Schneider Logistics, Swift Dedicated, TMSI Logistics, Total Quality Logistics, Transplace, Unyson Logistics, UTX Logistics, and XPO Logistics.

Market driver
- Cost-effectiveness of 3PL services
- For a full, detailed list, view our report

Market challenge
- Low adoption of technologically advanced equipment by 3PL providers
- For a full, detailed list, view our report

Market trend
- Increase in M&A
- For a full, detailed list, view our report

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?

Spanning over 89 pages "3PL Market in the US 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, PL market in US, Market segmentation by service area, Market Attractiveness, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/3pl-market-us-2016-2020

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