Global 3PL Kitting and Fulfillment
Market Report
2024
As per Cognitive Market Research's latest published report, the Global 3PL Kitting and Fulfillment market size will be $1,512.42 Million by 2029. 3PL Kitting and Fulfillment Industry's Compound Annual Growth Rate will be 8.47% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global 3PL Kitting and Fulfillment market size will be $1,512.42 Million by 2029. 3PL Kitting and Fulfillment Industry's Compound Annual Growth Rate will be 8.47% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global 3PL Kitting and Fulfillment Market Sales Revenue 2029 | $ 1512.42 Million |
Global 3PL Kitting and Fulfillment Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.47% |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of 3PL Kitting and Fulfillment industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
3PL Kitting and Fulfillment Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Kitting is the practice of completing online orders in advance by assembling separate components into ready-to-ship kits, rather than choosing and packing individual things as orders come in. This is done to speed up the retail fulfillment process when customers place purchases; it involves consolidating several SKUs into a single SKU.
Kitting is a clever method for streamlining the fulfillment process, but it still takes time. Rather than devoting important staff time to kitting, several DTC businesses are outsourcing their kitting and assembly services to a third-party logistics (3PL) supplier.
There are various advantages to using 3PL kitting and fulfillment. Businesses can eliminate the human work of kitting and assembling by utilizing 3PL kitting and fulfillment. Processing each returned item on its own is a tedious undertaking when products are bundled into kits. These goods are processed by 3PLs and then added to the available inventory. They also create shipping labels for the customers to use when returning kits to the warehouse.
Working with a 3PL offers businesses access to inventory management solutions and integrated technologies that they would not otherwise have. Aside from technology, 3PLs offer other warehouses and services that most small firms do not have in-house. As a result, numerous firms throughout the world use 3PL kitting and fulfillment. As a result, the market for 3PL kitting and fulfillment is growing.
Rise in the eCommerce industry
The e-commerce business has expanded dramatically in recent years. It's critical to keep on top of developments and comprehend the most recent trends affecting the e-commerce environment. Renting a physical store location is no longer be a primary concern as entrepreneurs seek to launch new enterprises with low overhead. The emphasis is now on creating a digital presence that can bring in online sales. Despite the fact that there are innumerable e-commerce sites, Walmart, eBay, and AliExpress are the most popular ones. Walmart.com received over 854.9 million monthly visits as of December 2022, making it the most popular e-commerce site. eBay.com generated 669.5 million visitors, placing second. With about 651.9 million visitors and $651,9 million in revenues, AliExpress.com came in third. Etsy.com, Samsung.com, PlayStation.com, and BestBuy.com are a few other popular e-commerce websites. Nowadays, it is common practice in the United States to make purchases online using social networking sites like Facebook and Instagram. Currently carried out by 96.9 million individuals, social buying is anticipated to expand by 18% to 114.3 million people by 2020. This drives the growth of the 3PL Kitting and Fulfillment.
The need of quick shipment has never been greater as supply chains become more complicated and e-commerce orders increase. As a result, automation plays a significant role in how well 3PLs service brands. The warehouses have used a variety of fulfillment technology solutions, such as AI-powered robots, Sure Sort high-speed automated sortation systems, Cubiscans, Automated QC and weight checkpoints, and many others, to maximize brand success. Additionally, by utilizing software to connect fulfillment centers with retailers, carriers, and other parties, crucial data may flow back to the seller and forth throughout the supply chain, assisting them in making effective operational choices. This fusion of technology and logistics offers a comprehensive end-to-end e-commerce fulfillment solution. EDI is among the greatest illustrations of a 3PL service's technology. When business-related documents are transferred among a manufacturer's numerous counterparts, EDI systems aid in enhancing both the speed and accuracy of such documents. These innovations should increase demand for 3PL kitting and fulfillment. These technologies are expected to boost the demand for 3PL kitting and fulfillment.
The COVID-19 pandemic has had an influence on industrial sectors, especially logistics. There was a boom and collapse in warehousing and logistical services during the COVID-19 a pandemic There was a paucity of people (drivers and other services), and even if it was available, there were several operational constraints. Though all of the limitations are for the improvement and prevention of coronavirus attacks, they have significantly hindered the 3PL kitting and fulfillment business. With COVID-19 demonstrating for many organizations a lack of visibility that extends deep throughout their supply chain, a shift toward enhanced visibility as the pandemic unfolds is being implemented. This increases the demand for third-party kitting and fulfillment.
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Competitive Landscape includes company profiling of the key manufacturers listed below. It also provides the key developments such as new product launches, expansion, mergers & acquisitions, partnerships, agreements, joint ventures, business overview, key strategies and financial analysis associated with the key players. Strategy implemented to overcome the COVID-19 Impact will be discussed in the report scope. Key players Financials includes Revenue (USD Million), Gross Margin (%) and Market Share (%) (2019- 2023), S.W.O.T Analysis, (To read more request the sample pages Or speak to analyst/author directly).
Top Companies Market Share in 3PL Kitting and Fulfillment Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Asia Pacific dominates the 3PL Kitting and Fulfillment market because of the expansion of logistical infrastructure in Asia, the rapid growth of the e-commerce industry, and the development of new technologies. According to estimates, the Asian e-commerce business will be worth $2.05 trillion by 2023. China is the world's largest e-commerce market, with a market value of $1.49 trillion as of 20232. Other nations with substantial e-commerce markets include Japan and South Korea. The 3PL firms in the region are also emphasizing value-added logistics services to showcase their unique capabilities and give a better client experience, hence aiding the region's rapid expansion.
The current report Scope analyzes 3PL Kitting and Fulfillment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global 3PL Kitting and Fulfillment Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing 3PL Kitting and Fulfillment Industry growth. 3PL Kitting and Fulfillment market has been segmented with the help of its Type, Application , and others. 3PL Kitting and Fulfillment market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for 3PL Kitting and Fulfillment market.
Type of 3PL Kitting and Fulfillment analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of 3PL Kitting and Fulfillment Industry. Request a Free Sample PDF!
Based on application, the consumer goods segment dominates the market due to the rising consumer goods market. The consumer packaged goods (CPG) industry in the U.S., which was the largest in the world in 2019 and is expected to continue to develop quickly, was projected to be worth $635 billion. This accelerates market expansion.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the 3PL Kitting and Fulfillment market report 2024 Edition by contacting our team.
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global 3PL Kitting and Fulfillment Market is witnessing significant growth in the near future.
In 2023, the Type 1 segment accounted for noticeable share of global 3PL Kitting and Fulfillment Market and is projected to experience significant growth in the near future.
The Consumer Goods segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies DHL Supply Chain & Global Forwarding, DB Schenker Logistics and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Kitting is the practice of completing online orders in advance by assembling separate components into ready-to-ship kits, rather than choosing and packing individual things as orders come in. This helps in reducing operational costs and achieving cost savings..
Disclaimer:
Type | Type 1, Type 2, Type 3 |
Application | Consumer Goods, Healthcare, Industrial, Food Groceries, Other |
List of Competitors | DHL Supply Chain & Global Forwarding, Kuehne + Nagel, DB Schenker Logistics, Nippon Express, C.H. Robinson Worldwide, UPS Supply Chain Solutions, DSV, Sinotrans, CEVA Logistics, Expeditors International of Washington, Dachser, Panalpina, GEODIS, Toll Holdings, J.B. Hunt (JBI DCS & ICS), Hitachi Transport System, XPO Logistics, GEFCO, Yusen Logistics, Agility |
This chapter will help you gain GLOBAL Market Analysis of 3PL Kitting and Fulfillment. Further deep in this chapter, you will be able to review Global 3PL Kitting and Fulfillment Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America 3PL Kitting and Fulfillment Market Trends North America 3PL Kitting and Fulfillment Technological Road Map North America 3PL Kitting and Fulfillment Market Drivers North America 3PL Kitting and Fulfillment Market Restraints North America 3PL Kitting and Fulfillment Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global 3PL Kitting and Fulfillment market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Type 1 have a significant impact on 3PL Kitting and Fulfillment market? |
What are the key factors affecting the Type 1 and Type 2 of 3PL Kitting and Fulfillment Market? |
What is the CAGR/Growth Rate of Consumer Goods during the forecast period? |
By type, which segment accounted for largest share of the global 3PL Kitting and Fulfillment Market? |
Which region is expected to dominate the global 3PL Kitting and Fulfillment Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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