The Turkey Third Party Logistics (3PL) Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.
Turkish 3PL market has seen tremendous growth in the last five years and is further expected to register a CAGR of over 8.5% during the forecast period 2020-2025.
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The 150 Pages report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Turkey Third Party Logistics (3PL) Market: CEVA Logistics, D B Deniz Nakliyati Ticaret, DHL, UPS and Kuehne Nagel
The rapid growth in the manufacturing and the automotive sector in the country is resulting in the growth of the demand for road transport and third-party logistics services in the market. Aso, the fast growing e-comerce sector is propeling the demand for 3pl services. With a population of more than 80 million and growing urban population, the food & beverage sector is one of the important pillars of Turkey’ s economy, the sector is a key end user of 3pl services.
The country’s geographical advantage needs to be supported by a good transport corridor, for which, the government has undertaken various projects, including constructing new roadways, railways, airports, and increasing port capacities. These deveopments support the growth of the market.
Development in Railways Connectivity
Rail infrastructure in Turkey plays a key role in the country’s expansion and strengthening of its position. In order to ensure better incorporation of all transport networks for commercial operations, Turkey will be establishing logistic centres extending along 294 km of junction line, organized industrial zones, ports and free trade zones. With the construction of the privately-run inland cargo terminal, the Turkish industrial companies will get a new competitive mode of transporting to large distances.
Establishment of New Logistics Facilities Boosting the Market
Turkey is one of the fastest-growing and most conspicuous markets and looking to establish new trade routes in its fast-tracked efforts by building new logistics centres to handle trade flow of value over USD 2 trillion by the year 2025. China, being one of the major import partners of Turkey has affected the imports in the country fall along with a sharp increase in the import cost bundled with shipping backlogs and production delays for the Turkish imports. Apart from the effects of COVID-19, the Turkish economy is planning on expanding and outreaching the services in the logistics market.
– The Turkish government has plans to open 21 logistics centres at the crossroads of the Silk Road, enabling it to handle trade flow worth over USD 2 billion as part of the modern Silk Road, which is being strengthened by China.
– DHL Express announced the development of a new fully automated operation centre at Istanbul Airport, with an investment of 135 million euros covering an area of 42,000 sq. meters.
– In May 2019, DSV opened a new 45,000 sq. meters logistics facility in Istanbul equipped with all warehousing operations in the area, catering to automotive, FMCG, aerospace and fashion industry.
– In December 2019, considering the new Free Trade Agreement among the African countries, Turkey has ramped up efforts to expand its operations on the continent by establishing trade and logistics centres.
The market is relatively fragmented with multiple local and international players such as CEVA Logistics, D B Deniz Nakliyati Ticaret, DHL, UPS and Kuehne Nagel as its key players. The competition in the market is among the major companies ensuring reliable, efficient and sustainable supply chains from producer to consumer.
Corrie Maccoll announced the opening of its new Wurfbain distribution office in Istanbul, expanding its global capabilities and serve a market with a steady rise in natural rubber demand where Turkey is the one of the leading bus tyre producing country for European markets. The country’s rising demand for tyres can be attributed to its expanding automotive fleet size and the growing automotive production across the country.
American auto component producer WABCO has announced setting up a plant in Turkey manufacturing its final products in the country, of which a large part will be exported.
Influence Of The Turkey Third Party Logistics (3PL) Market Report:
-Comprehensive assessment of all opportunities and risk in the Turkey Third Party Logistics (3PL) market.
– Turkey Third Party Logistics (3PL) market recent innovations and major events.
-A detailed study of business strategies for growth of the Turkey Third Party Logistics (3PL) market-leading players.
-Conclusive study about the growth plot of Turkey Third Party Logistics (3PL) market for forthcoming years.
-In-depth understanding of Turkey Third Party Logistics (3PL) market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Turkey Third Party Logistics (3PL) market.
What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.
Analytical Tools: The Turkey Third Party Logistics (3PL) Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
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