About Third Party Logistics Market in Europe
Third-party logistics (3PL) service is a business process, through which companies outsource logistics and distribution functions to a specialized logistics service provider. It includes as transportation, warehousing, and freight and forwarding. A logistics service provider that provides these services is called a 3PL service provider.
Technavios analysts forecast the third-party logistics market in Europe to grow at a CAGR of 3.06% during the period 2017-2021.
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Third Party Logistics Market in Europe 2017-2021
Report recognizes the following companies as the key players in the third-party logistics market in Europe: C.H Robinson, CEVA Logistics, DB Schenker Logistics, Deutsche Post DHL, Expeditors International of Washington, J.B. Hunt Transport, Kuehne + Nagel International, SNCF Logistics, TNT Express, and UPS.
Other Prominent Vendors in the market are: ACP Freight Services, Agility, Alkomtrans, APL Logistics, AWT, Baltic Logistics, BDP International, BLS AG, Bulk Logistics Solutions, Czech Logistics Alliance, Azkar Dachser, Damco, DAN-CZECH, DEIJ Transport, DSV, FedEx Supply Chain, FM Logistic, Gondrand International, H.P. Therkelsen, hansa-express logistics, Huktra, IMPERIAL Logistics International, Ital Logistics, Jawimex Logistics, John G Russell Transport, Jordon Freight, KLG Europe, LCL International, LKW WALTER International, LogServ, Mainfreight, Menlo Worldwide Logistics, Move Intermodal, Neovia Logistics Services, OGRIS Logistics, Panalpina, Rhenus, RJ International Freight, Rob Masters Specialist Transportation, Ryder, Schneider Logistics, STEF, VECCHI ZIRONI, VTG AG, Warrant, Werner Enterprises Dedicated and Logistics, and Ziegler.
Commenting on the report, an analyst from Reports team said: The latest trend gaining momentum in the market is emergence of big data. Logistic companies and shippers are deploying big data to turn large quantities of data into competitive advantage. Some of the advantages of implementing big data are the availability of the market insights, customization of services, and new business models based on agility. However, the application of big data analytics in the European logistics market has yet to achieve its full potential as there are significant IT gaps in the industry.
According to the report, one of the major drivers for this market is growing complexity of in-house logistics operations. Manufacturing companies worldwide are expanding their production capacities and operations, which increases their logistics requirements in terms of transporting raw materials to factories and finished goods to retailers and distributors. This increases the complexity of SCM for manufacturing companies, which has led an increasing number of manufacturers to outsource their SCM functions to 3PL providers partially or completely.
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Further, the report states that one of the major factors hindering the growth of this market is limited use of IT. IT remains a key component of the 3PL services provider-shipper contract. It is one of the key criteria for a shipper when signing a contract. IT acts as the backbone of the entire SCM process. However, the lack of compatibility between IT systems of the shipper and 3PL service provider is common. This incompatibility can result in communication gaps and a time lag, which can lead to a delay in the services rendered by the 3PL services provider, reducing customer satisfaction.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Covered in this report
The report covers the present scenario and the growth prospects of the third-party logistics market in Europe for 2017-2021. To calculate the market size, the report considers the revenue generated from the outsourcing of various services such as transportation, warehousing and distribution, and others (inventory management, it services, management of call center and fulfilment operations, and supply chain network analysis and design).
The market is divided into the following segments based on geography:
Technavio’s report, Third Party Logistics Market in Europe 2017-2021, 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.
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