3PL Market in US 2020–2024 | Increasing Use Of Multimodal Transport to Boost Growth | Technavio
Technavio has been monitoring the 3PL market in US and it is poised to grow by $ 76.28 bn during 2020–2024, progressing at a CAGR of about 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio’s latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the 3PL Market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Americold Realty Trust, C.H. Robinson Worldwide Inc., Deutsche Post DHL Group, Expeditors International of Washington Inc., FedEx Corp., Hub Group Inc., J.B. Hunt Transport Services Inc., Kuehne + Nagel International AG, United Parcel Service of America Inc., and XPO Logistics Inc. are some of the major market participants. The increasing use of multimodal transport will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increasing use of multimodal transport has been instrumental in driving the growth of the market. However, rise in cargo theft might hamper market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/3pl-market-in-the-us-industry-analysis
3PL Market 2020–2024: Segmentation
3PL Market is segmented as below:
- Service
- End-user
- Transportation
- Warehousing And Distribution
- Others
- Retail
- Manufacturing
- Automotive
- Food And Beverages
- Others
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41202
3PL Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our 3PL market in US report covers the following areas:
- 3PL Market Size
- 3PL Market Trends
- 3PL Market Industry Analysis
This study identifies digital transformation in logistics as one of the prime reasons driving the 3PL Market growth during the next few years.
