Lewes, DE -- (SBWire) -- 04/27/2015 --Report forecast the 3PL market in US to grow at a CAGR of 5.37 percent over the period 2014-2019.
3PL is a business process through which companies outsource their logistics and distribution functions to a service provider that specializes in handling logistics such as transportation, warehousing, and freight and forwarding. A service provider that provides these services is called a 3PL provider. 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 worldwide. 3PL uses new and innovative SCM to enhance efficiency.
According to the report, one of the factors contributing to the growth of the market is the cost reduction achieved through the utilization of 3PL services. By outsourcing logistics operations to 3PL providers, companies can improve the efficiency of their business by focusing on their core competencies.
Further, the report states that the implementation of government regulations in the commercial logistics industry is restricting the growth of the market.
This report covers the present scenario and the growth prospects of the 3PL market in the US for the period 2015-2019. To calculate the market size, this report considers net revenue generated by 3PL providers. The report also presents the vendor landscape and a corresponding detailed analysis of the top seven vendors in the 3PL market in the US. In addition, it discusses the major drivers that influence the growth of the market. It also summarizes the challenges faced by the vendors and the market at large, and the key trends that are emerging in the market.
3PL Market in US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
Key players in the 3PL Market in the US 2015-2019: C.H. Robinson Worldwide Inc., Deutsche Post DHL, Expeditors International of Washington (Expeditors), J.B. Hunt Transport Inc., Kuehne + Nagel International, AG United Parcel Service Inc. (UPS) and UTi Worldwide Inc.
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, Modus, Link 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, Werner Enterprises Dedicated and Logistics and XPO Logistics
Market driver
- Increase in cross border trade between US and Mexico
- For a full, detailed list, view our report
Market challenge
- Shortage of skilled truck drivers
- For a full, detailed list, view our report
Market trend
- Emergence of big data analytics in SCM
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 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 109 pages, "3PL Market in the US 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, US: Economic Outlook, 3PL Market in US, Asset- and Non-asset-based Service Providers, Market Segmentation by Service Area, Market Attractiveness, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Analysis of M&A in Global 3PL Market, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/3pl-market-us-2015-2019
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