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Dublin, March 26, 2024 (GLOBE NEWSWIRE) – United States 3PL: Market Share Analysis, Industry Trends Report
With the growing penetration of e-commerce in the U. S. market, consumers are not finding it easy to make personalized shipments or real-time visibility of shipments. These demands are driving 3PL service providers to optimize the overall network and create an agile source chain through innovation and optimization for greater visibility.
While e-commerce is one of the main drivers of the demand for complex, high-level logistics by 3PLs, the market is experiencing immediate disruption.
Shopify, a leading e-commerce marketplace, has acquired 6 River Systems. 6 River Systems is a provider of AI-powered order automation responses geared toward faster picking, sorting, delivery times, and throughput efficiency. 6 River Systems lists XPO Logistics and other 3PL corporations as customers. Such scenarios imply the point of sophistication and disruption that is occurring in a converting market.
Although e-commerce is expected to be one of the main drivers of demand for 3PL services, online stores and marketplaces like Amazon and Shopify would also want specialized 3PLs (given the scale of their business).
Therefore, 3PL corporations enhance their generation and source disruptive solution providers, so that the outsourcing needs of key and giant consumers can be met and the required end-customer satisfaction can be achieved.
The Growing Demand for Warehouse Space
Growing demand in key fields such as automotive, manufacturing, retail, technology, healthcare, and structure is expected to generate significant demand for the warehousing area in the coming years.
Manufacturing corporations require warehousing outsourcing to facilitate their production and operational expansion.
Given the benefits of outsourcing in terms of increased operational power and cost reduction, shippers are outsourcing the logistics component of their business to warehouse service providers to meet the growing demand for fast deliveries.
It also allows them to develop their core competencies. In addition, with the growing popularity of frozen foods, the demand for garages and refrigerated warehouses has also increased.
Many logistics service providers and retailers have created committed storage spaces for their market operations.
In 2020, China Manufacturers Alliance LLC (CMA)/Double Coin Tires opened warehouses in Rancho Cucamonga and Riverside (USA). U. S. Department of T to increase truck/bus and OTR tire capacity in the coming years. The addition of those amenities expanded the company’s warehouse area to approximately 338,000 square feet, adding additional capacity for approximately 225,000 units.
US Third Party Logistics (3PL) Industry Overview The market is fragmented, with the presence of a giant number of local and foreign players, including CH Robinson, XPO Logistics, UPS Supply Chain, Expeditors and JB Hunt. Market fragmentation is expected to be minimized as companies in the sector actively merge and consolidate to gain advantages from economies of scale. Key Topics Covered1 INTRODUCTION1. 1 Study Deliverables1. 2 Study Hypothesis1. 3 Study Scope2 RESEARCH METHODOLOGY2. 1 Analysis Methodology2. 2 Research Phases3 EXECUTIVE SUMMARY4 MARKET DYNAMICS AND INFORMATION4. 1 Market Overview Market4. 2 Dynamics of the market4. 2. 1 Drivers4. 2. 2 Constraints4. 2. 3 Opportunities4. 3 Value chain/supply chain analysis4. 4 Industry policies and regulations4. 5 Demand from other segments such as CEP, last mile delivery, seamless chain logistics, etc. 4. 6 Technological advancements in the sector of logistics4. 7 Industry attractiveness – Porter’s Five forces analysis 4. 8 General trends in the warehousing market 4. 9 Impact of COVID-19 on the market 5 MARKET SEGMENTATION (Market size through value) 5. 1 By services 5. 1 . 1 National transportation management 5. 1. 2 International transportation management 5. 1. 3 Value-added storage and distribution 5. 2 By end user5. 2. 1 Aerospace5. 2. 2 Automotive5. 2. 3 Consumer and Retail5. 2. 4 Energy5. 2. 5 Healthcare5. 2. 6 Manufacturing5. 2. 7 Technology5. 2. 8 Other End Users6 COMPETITIVE OVERVIEW6. 1 Market Concentration Overview6. 2 Company Profiles6. 2. 1 C. H. Robinson6. 2. 2 XPO Logistics6. 2. 3 United Parcel Service6. 2. 4 FedEx6. 2. 5 J. B. Hunt6. 2. 6 DHL Supply Chain Logistics6. 2. 7 D. B. Schenker6. 2. 8 Kuehne + Nagel6. 2. 9 Hub Group6. 2. 10 Ryder Supply Chain Solutions7 FUTURE OF THE US 3PL MARKET For more data on this report, stop at https://www. researchandmarketplaces. com/r/9ar0ss
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