London, 07 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Global Third Party Logistics (3PL) Market 2014-2018, which is expected to post a CAGR of 5.27 percent for the period 2014-2018.
Key Market Drivers
- Cost Reduction by Availing 3PL Services
- Growth in the Automobile and IT Hardware Industries
- Increase in Logistics Outsourcing
- Favorable Government Trade Policies
Key Market Trends
- Adoption of Eco-friendly Vehicles
- Increase in M&As
- Multiple Value-added Services Offered by Vendors
“The increasing demand for 3PL services is mainly attributed to the growing number of companies across various industries,” says Faisal Ghaus, Vice President of TechNavio.
“Given the benefits of outsourcing in terms of increased operational efficiency and cost savings, shippers are opting for 3PL services more than their inbound logistics service.”
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
