Global Third-Party Logistics Market
Global Third-party Logistics Market By Mode of Transport (Railways, Roadways, Waterways, Airways), By Service (Dedicated Contract Carriage (DCC), Domestic Manufacturing Management, International Manufacturing Management, Warehousing and Manufacturing, Others), By Industry Vertical (Manufacturing, Automotive, E-Commerce & Retail, Food and Beverages, Healthcare, Others) And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends And Forecast From 2021 to 2034
The global Third-party Logistics market was valued at $1.086 Trillion in 2023 and is anticipated to grow at a CAGR of 7.82% from 2024 to 2034. This growth is attributed to several macro and microeconomic factors such as
E-commerce Growth
The exponential growth of e-commerce is a primary driver of the global third-party logistics (3PL) market. As online shopping continues to surge, businesses, particularly those operating solely online, face increasing demands for efficient and reliable order fulfillment. 3PL providers offer a crucial solution by handling various aspects of the supply chain, including warehousing, inventory management, order picking and packing, transportation, and delivery. This allows e-commerce companies to focus on their core business activities while outsourcing logistics operations to experienced professionals. Furthermore, 3PLs possess the infrastructure, technology, and expertise to manage complex supply chains, ensuring timely and cost-effective delivery of goods to customers, which is crucial for maintaining customer satisfaction in the competitive e-commerce landscape.
Further several factors restraining the market growth includeHigh Initial Investment and Operational Costs
High initial investment and operational costs pose a significant restraint on the global third-party logistics (3PL) market. Establishing and maintaining a robust 3PL network requires substantial capital expenditure. This includes investments in warehouses, transportation fleets (trucks, planes, ships), sophisticated warehouse management systems (WMS), and advanced technologies like AI and IoT for optimization. Furthermore, ongoing operational costs, such as fuel expenses, labor costs, maintenance, and insurance, can be substantial. These high costs can be a barrier for entry for new players and can limit the scalability of existing 3PL providers, particularly for smaller companies.
Rising Demand for E-commerce and Omni-channel Logistics and collaborations and alliances in the Third-party Logistics market are expected to generate Railwayser avenues during the forecast period.In the wake of the COVID-19 pandemic, supply chain disruptions have led to supply shortages or Waterwayser demand in the Third-party Logistics market. The pandemic has caused a decline in new orders and a corresponding decrease in Serviceion.
This section will analyze how COVID-19 has impacted supply chains, leading to shortages and Waterwayser demand for Third-party Logistics.
In terms of COVID-19 impact, the Third-party Logistics market report also includes the folWaterwaysing data points:Impact on Third-party Logistics market size
Operating Weights Trend, Preferences, and Budget Impact
Regulatory Framework/Outdoor Policies
Key Players' Strategy to Tackle Negative Impact/Post-COVID Strategies
Opportunity in the Third-party Logistics market
Key Insight in the report:The global Third-party Logistics market report covers an executive summary, market dynamics, COVID impact & post-COVID scenario, market size and forecast, competitive intelligence, market positioning, and Services.
Our report covers extensive competitive intelligence which includes the folWaterwaysing data points:Business Overview
Business Segment Data
Financial Data
Service Segment Analysis and Specification
Recent Development and Company Strategy Analysis
SWOT Analysis
Third-party Logistics Market Segmentation:Mode of Transport
Railways
Roadways
Waterways
Airways
Service
Dedicated Contract Carriage (DCC)
Domestic Manufacturing Management
International Manufacturing Management
Warehousing and Transportation
Others
Industry Vertical
Manufacturing
Automotive
E-Commerce & Retail
Food and Beverages
Healthcare
Others
Region/ Countries Covered:North America
US
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Spain
BeNeLux
Russia
Rest of Europe
Asia Pacific
China
Japan
Australia
India
South Korea
Indonesia
Malaysia
Thailand
Thailand
Singapore
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Egypt
South Africa
Rest of Middle East & Africa
Key Players Analyzed in the Report:Yara International
InterContinental Energy (ICE)
Engie
CF Industries Holdings Inc.
Uniper SE
Nel ASA
TOPSOE
Starfire Energy
ITM Power
Hygenco