What is Non-Asset Based 3PL?
The assets required to manage and implement a supply chain are not owned by a non-asset-based logistics service provider. In contrast, a non-asset-based 3PL does not own the assets required to conduct a supply chain. Rather of focusing on hardware, a non-asset-based corporation emphasises talent and experience. They can focus their emphasis on creative and customised supply chain solutions because they don't have big assets to manage. Meanwhile, investors in the United States continue to buy non-asset-based 3PLs and invest in new technologies in order to keep up with Amazon. Cold-chain suppliers, e-commerce players, and innovative logistics technologies are all seeing major investment in Asia.
The market study is broken down and major geographies with country level break-up.
Analysts at AMA Research estimates that Manufacturers from United States will contribute to the maximum growth of Global Non-Asset Based 3PL market throughout the predicted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Redwood Logistics (United States), Gallagher Transport (United States), Prestige Worldwide Logistics (United States), Nortex Logistics (United Kingdom), Everglobe Corporation (United States), Customs Logistics Grupo Agraz (Mexico), Astec Logistic (United States), FLY X Logistics, Inc. (United States), AMG Logistics LLC (United States), Nolan Transportation Group, Inc. (United States), IFLN Network (United States), Everglobe Corporation (United States) and Amer-Trans Logistics (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are A.N. Deringer, Alliance Shippers, Ascent Global Logistics, Avenger Logistics, Bender Group, BLG Logistics (Germany), Burris Logistics, C.H. Robinson, C.L. Services, Cardinal Logistics Management, CLX Logistics, Corporate Traffic Logistics, Coyote Logistics and Crane Worldwide Logistics.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Non-Asset Based 3PL market by Type, Application and Region.
On the basis of geography, the market of Non-Asset Based 3PL has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Industry, the sub-segment i.e. Industrial and Manufacturing will boost the Non-Asset Based 3PL market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Transportation Mode, the sub-segment i.e. Road will boost the Non-Asset Based 3PL market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Functions, the sub-segment i.e. Dedicated Contract Carriage (DCC)/ Freight forwarding will boost the Non-Asset Based 3PL market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 30th June 2021, Mullen Group Ltd. is pleased to announce that it has signed a definitive agreement and closed the acquisition of QuadExpress, the non-asset based third-party logistics provider business of Quad/Graphics, Inc. for USD 40.0 million on a cash-free, debt-free basis before working capital adjustments
On 2nd June 2021, Redwood Logistics (Redwood), a leading logistics platform company headquartered in Chicago, today announced the company has acquired both Skipjack Supply Chain (Skipjack) and Proactive Global Logistics (PGL) to launch Redwood Parcel, a comprehensive integrated parcel solution leveraging Skipjack’s leading parcel technology and PGL’s deep parcel expertise.
Market Trend
- High Adoption due to Complete Adherence to Customer Demands
- The Surging Demand due to most efficient means of delivering service
Market Drivers
- The Growing Demand due to Flexibility in services & Infrastructure
- High Adoption due to wider network
Opportunities
- Enhanced Visibility of Supply chain Activities
Restraints
- The concern is related to less control, especially when it comes to what the carrier does.
Challenges
- Hard Costs of Procurement
Key Target Audience
Non-Asset Based 3PL Providers, Government Regulatory Bodies, Private Research Organization, Government research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.