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DUBLIN--(BUSINESS WIRE)--Sep 22, 2022--
The "Third Party Logistics (3PL) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Third Party Logistics (3PL) estimated at US$974.6 Billion in the year 2022, is projected to reach a revised size of US$1.3 Trillion by 2026, growing at a CAGR of 8% over the analysis period.
DTM, one of the segments analyzed in the report, is projected to grow at a 8.3% CAGR to reach US$503.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the ITM segment is readjusted to a revised 7.6% CAGR for the next 7-year period. This segment currently accounts for a 30.8% share of the global Third Party Logistics (3PL) market.
The U.S. Market is Estimated at $237.6 Billion in 2022, China is Forecast to Reach $328.4 Billion by 2026
The Third Party Logistics (3PL) market in the U.S. is estimated at US$237.6 Billion in the year 2022. The country currently accounts for a 24.68% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$328.4 Billion in the year 2026 trailing a CAGR of 9.9% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 6.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6% CAGR while Rest of European market (as defined in the study) will reach US$358.9 Billion by the end of the analysis period.
DCC/FF Segment Corners to Reach $161 Billion by 2026
Dedicated Contract Carriage (DCC) basically involves supply of trucks, tractors, trailers and drivers and also involves management of various elements across a supply chain. The DCC service typically invalidates the need for maintaining in-house trucking/carriage fleets to carryout logistics operations, while delivering truck capacity utilization and cost efficiencies in the process. In the global DCC/FF segment, USA, Canada, Japan, China and Europe will drive the 8.8% CAGR estimated for this segment.
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Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/cpdk6a
View source version on businesswire.com:https://www.businesswire.com/news/home/20220922005608/en/
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KEYWORD:
INDUSTRY KEYWORD: TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/22/2022 08:53 AM/DISC: 09/22/2022 08:53 AM
http://www.businesswire.com/news/home/20220922005608/en