Business News
Canada 3PL Market CAGR to be at 9.0% | $3,010.7 Million Industry Revenue – 2027
Canada 3PL market
Increase in focus of manufacturers and retailers on core competencies and advancements of the e-commerce industry drive the growth of the Canada 3PL market.
WILMINGTON, NEW CASTLE, DELAWARE, UNITED STATES, September 2, 2024 /EINPresswire.com/ — Rise in focus of manufacturers and retailers on core competencies and developments of the e-commerce industry have boosted the growth of the ððð§ððð ðð¡ð¢ð«ð-ð©ðð«ðð² ð¥ð¨ð ð¢ð¬ðð¢ðð¬ ð¦ðð«ð¤ðð. 3PL is an outsourced activity related to the management of flow of goods in a companyâs supply chain and delivery of products from manufacturer to the consumer on time. These services go beyond logistics and include value-addition to the entire process from procurement of goods to the distribution of furnished products to the customers establishing an effective & efficient supply chain. By mode of transportation, the airways and railways segments are expected to witness significant CAGRs of 11.1% and 10.4%, respectively, during the forecast period. The cumulative share of these two segments was 29.1% in 2019, and is anticipated to reach 32.5% by 2027.
ðððªð®ðð¬ð ððð¦ð©ð¥ð ððð ðð¬ ðð¨ð°: https://www.alliedmarketresearch.com/request-sample/A10571
Increase in focus of manufacturers and retailers on core competencies and advancements of the e-commerce industry drive the growth of the Canada 3PL market. However, risk toward goodwill of manufacturers and dearth of control of manufacturers on logistics services hinder the market growth. On the contrary, rise in use of IT solutions & software, cost-cutting & lead time reduction owing to adoption of multi-mode system, and entering into a strategic partnership with end user are expected to open new opportunities for the market players in the future.
ðð¡ð ð¤ðð² ð©ð¥ðð²ðð«ð¬ ð©ð«ð¨ðð¢ð¥ðð ð¢ð§ ðð¡ð¢ð¬ ð«ðð©ð¨ð«ð ð¢ð§ðð¥ð®ðð
ð.ð. ðð¨ð¥ð¥ðð«-ðððððð, ððð§ð¬ð¤ð, ðð§ð¢ððð ððð«ððð¥ ððð«ð¯ð¢ðð, ðð¢ð§ðððð¬ð® ðð¨ð«ð¥ð ðð±ð©ð«ðð¬ð¬, ðð§ð, ð ðððð± ðð¨ð«ð©ð¨ð«ððð¢ð¨ð§, ððð ðð«ð¨ð®ð© ðð§ð, ð.ð. ðððððððð ððððððððð, ððð, ðððððð ððððððð ðð¨., ððð, ðð¨ð¥ð¥ð¨ð«ð ðð«ð¨ð®ð©, ððððððððð ððð
For the 3PL market, the year 2020 was a slow growth performing year, owing to the negative demand and supply outlook due to COVID-19 restrictions for end users, including manufacturers and suppliers of home decor products, health & nutrition products, beauty & cosmetics products, pet accessories & products, sport & recreation related products, and do it yourself (DIY) products.
ðð®ð² ðð¨ð° ðð¡ð ðð±ðð¥ð®ð¬ð¢ð¯ð ððð©ð¨ð«ð: https://www.alliedmarketresearch.com/checkout-final/5002e2da975fb0574fec16fd95afa04c
Growing urbanization, changing outlook of domestic & international trade activities, and rising trend of outsourcing transportation services are expected to spur the demand for third-party logistics services in the Canada market. Canada is one of the leading consumers for third-party logistics in the global market. Focus on core competencies as the priority move for manufacturers or retailers is anticipated to support 3PL activities. The Canada 3PL market is highly fragmented as several market participants are operating across Canada and majority of the market participants from Canada are operating in the domestic market only. The health & nutrition and beauty & cosmetics segments are growth frontiers in the Canada 3PL market.
On the basis of mode of transportation, the roadways segment held the lionâs share in 2019, contributing to nearly half of the market. However, the airways segment would portray the highest CAGR of 11.1% during the forecast period.
The Canada 3PL market size is segmented on the basis of mode of transportation and type. Based on type, the health and nutrition segment held the largest share in 2019, accounting for nearly half of the market. However, the beauty and cosmetics segment are estimated to manifest the highest CAGR of 10.3% during the forecast period.
ððð ðð®ð¬ðð¨ð¦ð¢ð³ðð ððð©ð¨ð«ðð¬ ð°ð¢ðð¡ ð²ð¨ð®âð«ð ðððªð®ð¢ð«ðð¦ðð§ðð¬: https://www.alliedmarketresearch.com/request-for-customization/A10571
ððð ð ððððððð ðð ððð ððððð
By type, the beauty & cosmetics segment is expected to register significant growth during the forecast period. The health & nutrition segment is projected to lead the global market, in terms of 3PL market share, by the end of forecast period.
Depending on mode of transportation, the airways segment is expected to register significant CAGR during the forecast period.
ðð¡ððð¤ ð¨ð®ð ð¦ð¨ð«ð ð«ðð¥ðððð ð¬ðð®ðð¢ðð¬ ð©ð®ðð¥ð¢ð¬ð¡ðð ðð² ððð ððð¬ððð«ðð¡:
Third-party Logistics (3PL) Market – https://www.prnewswire.com/news-releases/third-party-logistics-3pl-market-to-reach-1-789-94-bn-globally-by-2027-at-7-1-cagr-allied-market-research-301097691.html
Energy Logistics Market – https://www.prnewswire.com/news-releases/energy-logistics-market-to-reach-1-383-7-bn-globally-by-2031-at-14-7-cagr-allied-market-research-301619001.html
Secure Logistics Market –https://www.prnewswire.com/news-releases/secure-logistics-market-to-reach-191-9-billion-globally-by-2032-at-8-4-cagr-allied-market-research-301958261.html
U.S. Third-Party Logistics Market – https://www.alliedmarketresearch.com/u-s-third-party-logistics-3pl-market-A105892
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X
Legal Disclaimer:
EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Canada 3PL market
Increase in focus of manufacturers and retailers on core competencies and advancements of the e-commerce industry drive the growth of the Canada 3PL market.
WILMINGTON, NEW CASTLE, DELAWARE, UNITED STATES, September 2, 2024 /EINPresswire.com/ — Rise in focus of manufacturers and retailers on core competencies and developments of the e-commerce industry have boosted the growth of the ððð§ððð ðð¡ð¢ð«ð-ð©ðð«ðð² ð¥ð¨ð ð¢ð¬ðð¢ðð¬ ð¦ðð«ð¤ðð. 3PL is an outsourced activity related to the management of flow of goods in a companyâs supply chain and delivery of products from manufacturer to the consumer on time. These services go beyond logistics and include value-addition to the entire process from procurement of goods to the distribution of furnished products to the customers establishing an effective & efficient supply chain. By mode of transportation, the airways and railways segments are expected to witness significant CAGRs of 11.1% and 10.4%, respectively, during the forecast period. The cumulative share of these two segments was 29.1% in 2019, and is anticipated to reach 32.5% by 2027.
ðððªð®ðð¬ð ððð¦ð©ð¥ð ððð ðð¬ ðð¨ð°: https://www.alliedmarketresearch.com/request-sample/A10571
Increase in focus of manufacturers and retailers on core competencies and advancements of the e-commerce industry drive the growth of the Canada 3PL market. However, risk toward goodwill of manufacturers and dearth of control of manufacturers on logistics services hinder the market growth. On the contrary, rise in use of IT solutions & software, cost-cutting & lead time reduction owing to adoption of multi-mode system, and entering into a strategic partnership with end user are expected to open new opportunities for the market players in the future.
ðð¡ð ð¤ðð² ð©ð¥ðð²ðð«ð¬ ð©ð«ð¨ðð¢ð¥ðð ð¢ð§ ðð¡ð¢ð¬ ð«ðð©ð¨ð«ð ð¢ð§ðð¥ð®ðð
ð.ð. ðð¨ð¥ð¥ðð«-ðððððð, ððð§ð¬ð¤ð, ðð§ð¢ððð ððð«ððð¥ ððð«ð¯ð¢ðð, ðð¢ð§ðððð¬ð® ðð¨ð«ð¥ð ðð±ð©ð«ðð¬ð¬, ðð§ð, ð ðððð± ðð¨ð«ð©ð¨ð«ððð¢ð¨ð§, ððð ðð«ð¨ð®ð© ðð§ð, ð.ð. ðððððððð ððððððððð, ððð, ðððððð ððððððð ðð¨., ððð, ðð¨ð¥ð¥ð¨ð«ð ðð«ð¨ð®ð©, ððððððððð ððð
For the 3PL market, the year 2020 was a slow growth performing year, owing to the negative demand and supply outlook due to COVID-19 restrictions for end users, including manufacturers and suppliers of home decor products, health & nutrition products, beauty & cosmetics products, pet accessories & products, sport & recreation related products, and do it yourself (DIY) products.
ðð®ð² ðð¨ð° ðð¡ð ðð±ðð¥ð®ð¬ð¢ð¯ð ððð©ð¨ð«ð: https://www.alliedmarketresearch.com/checkout-final/5002e2da975fb0574fec16fd95afa04c
Growing urbanization, changing outlook of domestic & international trade activities, and rising trend of outsourcing transportation services are expected to spur the demand for third-party logistics services in the Canada market. Canada is one of the leading consumers for third-party logistics in the global market. Focus on core competencies as the priority move for manufacturers or retailers is anticipated to support 3PL activities. The Canada 3PL market is highly fragmented as several market participants are operating across Canada and majority of the market participants from Canada are operating in the domestic market only. The health & nutrition and beauty & cosmetics segments are growth frontiers in the Canada 3PL market.
On the basis of mode of transportation, the roadways segment held the lionâs share in 2019, contributing to nearly half of the market. However, the airways segment would portray the highest CAGR of 11.1% during the forecast period.
The Canada 3PL market size is segmented on the basis of mode of transportation and type. Based on type, the health and nutrition segment held the largest share in 2019, accounting for nearly half of the market. However, the beauty and cosmetics segment are estimated to manifest the highest CAGR of 10.3% during the forecast period.
ððð ðð®ð¬ðð¨ð¦ð¢ð³ðð ððð©ð¨ð«ðð¬ ð°ð¢ðð¡ ð²ð¨ð®âð«ð ðððªð®ð¢ð«ðð¦ðð§ðð¬: https://www.alliedmarketresearch.com/request-for-customization/A10571
ððð ð ððððððð ðð ððð ððððð
By type, the beauty & cosmetics segment is expected to register significant growth during the forecast period. The health & nutrition segment is projected to lead the global market, in terms of 3PL market share, by the end of forecast period.
Depending on mode of transportation, the airways segment is expected to register significant CAGR during the forecast period.
ðð¡ððð¤ ð¨ð®ð ð¦ð¨ð«ð ð«ðð¥ðððð ð¬ðð®ðð¢ðð¬ ð©ð®ðð¥ð¢ð¬ð¡ðð ðð² ððð ððð¬ððð«ðð¡:
Third-party Logistics (3PL) Market – https://www.prnewswire.com/news-releases/third-party-logistics-3pl-market-to-reach-1-789-94-bn-globally-by-2027-at-7-1-cagr-allied-market-research-301097691.html
Energy Logistics Market – https://www.prnewswire.com/news-releases/energy-logistics-market-to-reach-1-383-7-bn-globally-by-2031-at-14-7-cagr-allied-market-research-301619001.html
Secure Logistics Market –https://www.prnewswire.com/news-releases/secure-logistics-market-to-reach-191-9-billion-globally-by-2032-at-8-4-cagr-allied-market-research-301958261.html
U.S. Third-Party Logistics Market – https://www.alliedmarketresearch.com/u-s-third-party-logistics-3pl-market-A105892
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X
Legal Disclaimer:
EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Discover more from URBT News
Subscribe to get the latest posts sent to your email.
Beverly Bailey
September 4, 2024 at 3:49 pm
In conclusion, the Canada 3PL market is poised for significant growth, with an anticipated CAGR of 9.0% and projected revenue reaching $3,010.7 million by 2027. This expansion is driven by the increasing focus of manufacturers and retailers on core competencies, coupled with advancements in the e-commerce sector. While challenges such as risks to goodwill and limited control over logistics persist, the adoption of IT solutions and strategic partnerships are likely to present new opportunities for market players. As urbanization and demand for outsourcing services rise, the Canada 3PL landscape is expected to evolve, particularly in segments like health and nutrition and beauty and cosmetics, further solidifying Canada’s position as a leader in the global 3PL market.
Doris Bailey
September 4, 2024 at 8:48 pm
In conclusion, the Canada 3PL market is poised for significant growth, with a projected CAGR of 9.0%, reaching an impressive revenue of approximately $3,010.7 million by 2027. This expansion is primarily driven by manufacturers’ and retailers’ increasing emphasis on core competencies, coupled with the rapid evolution of the e-commerce sector. While challenges such as limited control over logistics services persist, opportunities abound through advancements in IT solutions, strategic partnerships, and cost-efficiency measures. As urbanization and trade dynamics continue to evolve, the demand for third-party logistics services is expected to rise sharply, making the Canada 3PL market a pivotal area for investment and development in the coming years.
Barbara Taylor
September 5, 2024 at 1:43 am
In conclusion, the Canada 3PL market is on a robust growth trajectory, projected to achieve a compound annual growth rate (CAGR) of 9.0%, reaching an impressive revenue of $3,010.7 million by 2027. This growth is primarily driven by manufacturers and retailers increasingly focusing on their core competencies while capitalizing on the rapid advancements in the e-commerce sector. The rising demand for third-party logistics services is further supported by growing urbanization and the trend of outsourcing transportation, particularly in sectors like health & nutrition and beauty & cosmetics. Despite challenges such as risks to goodwill and limited control over logistics, emerging opportunities through IT solutions and strategic partnerships position the Canada 3PL market for significant expansion in the coming years.
Stan Jenkins
September 5, 2024 at 11:21 am
In conclusion, the Canada 3PL market is poised for robust growth, with a projected compound annual growth rate (CAGR) of 9.0%, leading to an estimated revenue of $3,010.7 million by 2027. The increasing focus of manufacturers and retailers on their core competencies, paired with the advancements in e-commerce, is propelling the demand for third-party logistics services. The growth of various transportation modes, particularly airways and railways, as well as the rising trend of outsourcing logistics, presents new opportunities for industry players. Despite challenges related to control and risk management, the potential for innovation through IT solutions and strategic partnerships will likely drive the market forward, securing Canada’s position as a significant player in the global logistics landscape.
Lisa Hall
September 5, 2024 at 11:23 am
In conclusion, the Canada 3PL market is poised for significant growth, with a projected compound annual growth rate (CAGR) of 9.0% and industry revenue expected to reach approximately $3,010.7 million by 2027. This expansion is fueled by a heightened focus from manufacturers and retailers on core competencies, alongside the rapid evolution of the e-commerce sector. While challenges such as risks to manufacturers’ goodwill and limited control over logistics remain, the increasing adoption of IT solutions and strategic partnerships offers new avenues for innovation and efficiency. As urbanization and outsourcing trends rise, the Canada 3PL market stands to benefit from its diverse offerings across various transportation modes, with particular momentum in the airways segment. Overall, the future looks promising for stakeholders within the Canadian 3PL landscape.
Stan Hughes
September 5, 2024 at 11:28 am
In conclusion, the Canada 3PL market is poised for significant growth, with an impressive compound annual growth rate (CAGR) of 9.0%, projected to reach a revenue of $3,010.7 million by 2027. This growth is largely driven by the increasing focus of manufacturers and retailers on their core competencies, alongside advancements in the e-commerce sector. Although challenges such as limited control over logistics services exist, emerging opportunities through the integration of IT solutions and strategic partnerships are expected to further enhance the market landscape. As urbanization and outsourcing trends continue to evolve, the Canada 3PL market stands at the forefront of a dynamic and rapidly changing logistics environment, making it a critical component for businesses seeking efficiency and effectiveness in their supply chain operations.