Third-party Logistics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Third-party Logistics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Third Party Logistics Market

The global third party logistics market size was valued at USD 1065 billion in 2023 and is projected to grow from USD 1142.7 billion in 2024 to USD 2546 billion by 2032, exhibiting a CAGR of 10.5% during the forecast period of 2024-2032.

The pandemic disrupted the Third-Party Logistics (3PL) market with delivery chain delays and hard work shortages but also drove an increase in e-commerce, growing demand for warehousing, and ultimate-mile delivery. This brought about a speedy digital transformation in 3PL, boosting resilience and provider performance, impeding the third party logistics market growth.

The growth of e-trade, globalization, and the want for fee-effective logistics pressure the Third-Party Logistics (3PL) marketplace. Outsourcing logistics facilitates a corporation's enhanced performance, while technological improvements, including real-time tracking and automation, similarly improve 3PL offerings.

Digital transformation and era are reshaping the 3PL landscape. Advanced logistics software optimizes operations, improves visibility, and enhances choice-making. The Internet of Things (IoT) enables real-time monitoring and tracking of shipments, boosting efficiency and decreasing prices, expanding the third party logistics market share globally. Artificial intelligence (AI) and system-getting-to-know algorithms similarly optimize routing, expect demand, automate obligations, streamline methods, and improve average performance.

Comprehensive Analysis of Third Party Logistics Market

The Third-Party Logistics (3PL) market is segmented using transportation mode, provider kind, and enterprise. Roadways dominate because of stepped-forward infrastructure and extended move-border trade, even as railways are the fastest and seaways serve international trade despite being steeply priced. Domestic transportation control leads in carrier sorts, accompanied by devoted agreement carriage (DCC) and global transportation control, driven by automation and international exchange. The production and electronics industries dominate the call for, with immense contributions from the automotive zone, as e-trade and short shipping services grow.

The Asia Pacific region led the third party logistics market by benefitting a size of USD 541.6 billion in 2023 due to initiatives by the e-commerce enterprise to integrate warehouse projects and solutions into the delivery chain; regional companies have driven substantial increases within the region.

The leading players in the Third Party Logistics (3PL) market play a crucial role in shaping its growth and setting industry standards. These key players, including DHL Group (Bonn, Germany), Kuehne + Nagel (Schindellegi, Switzerland), C.H. Robinson (Minnesota, U.S.), Ceva Logistics (Marseille, France), FedEx Corporation (Tennessee, U.S.), Nippon Express (Tokyo, Japan), DB Schenker (Essen, Germany), UPS (Georgia, U.S.), JB Hunt (Arkansas, U.S.), and Panalpina (Basel, Switzerland), contribute to a competitive landscape that drives innovation and advancement in logistics solutions.

In February 2024, DHL, based in Germany, has teamed up with resale-as-a-service company Reflaunt. Through this collaboration, DHL will offer success, delivery, and platform answers to brand customers looking to increase into the secondhand market.

Segmentation Table

ATTRIBUTEDETAILS

Study Period2019-2032

Base Year2023

Estimated Year2024

Forecast Period2024-2032

Historical Period2019-2022

Growth RateCAGR of 10.5% (2024-2032)

UnitValue (USD Billion)

SegmentationBy Mode of Transportation

Railways

Airways

Roadways

Seaways

By Service Type

Dedicated Contract Carriage (DCC)

Domestic Transportation Management

International Transportation Management

Value added warehousing & distribution

By Industry

Technological

Automotive

Retailing

Manufacturing

Logistics

By Geography

North America (By Service Type, By Mode of Transportation, By Industry)

U.S. (By Service Type)

Canada (By Service Type)

Mexico (By Service Type)

Europe (By Service Type, By Mode of Transportation, By Industry)

U.K. (By Service Type)

Germany (By Service Type)

France (By Service Type)

Rest of Europe (By Service Type)

Asia Pacific (By Service Type, By Mode of Transportation, By Industry)

China (By Service Type)

Japan (By Service Type)

India ( By Service Type)

South Korea (By Service Type)

Rest Of Asia Pacific ( By Service Type)

Rest of the World (By Service Type, By Mode of Transportation, By Industry)

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1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Industry Developments - Merger, Acquisitions, and Partnerships
4.2. Distribution Analysis
4.3. Porter’s Five Forces Analysis
4.4. PEST Analysis
4.5. Technological Developments
4.6. Impact of COVID-19
5. Global Third Party Logistics Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Mode Of Transportation
5.2.1. Railways
5.2.2. Airways
5.2.3. Roadways
5.2.4. Seaways
5.3. Market Analysis, Insights and Forecast – By Service Type
5.3.1. Dedicated Contract Carriage (DCC)
5.3.2. Domestic Transportation Management
5.3.3. International Transportation Management
5.3.4. Value added warehousing & distribution
5.4. Market Analysis, Insights and Forecast – By Industry
5.4.1. Technological
5.4.2. Automotive
5.4.3. Retailing
5.4.4. Manufacturing
5.4.5. Logistics
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Rest of the World
6. North America Third Party Logistics Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Analysis – By Mode Of Transportation
6.2.1. Railways
6.2.2. Airways
6.2.3. Roadways
6.2.4. Seaways
6.3. Market Analysis – By Service Type
6.3.1. Dedicated Contract Carriage (DCC)
6.3.2. Domestic Transportation Management
6.3.3. International Transportation Management
6.3.4. Value added warehousing & distribution
6.4. Market Analysis – By Industry
6.4.1. Technological
6.4.2. Automotive
6.4.3. Retailing
6.4.4. Manufacturing
6.4.5. Logistics
6.5. Market Analysis – By Country
6.5.1. U.S.
6.5.1.1. By Service Type
6.5.2. Canada
6.5.2.1. By Service Type
6.5.3. Mexico
6.5.3.1. By Service Type
7. Europe Third Party Logistics Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Analysis – By Mode Of Transportation
7.2.1. Railways
7.2.2. Airways
7.2.3. Roadways
7.2.4. Seaways
7.3. Market Analysis – By Service Type
7.3.1. Dedicated Contract Carriage (DCC)
7.3.2. Domestic Transportation Management
7.3.3. International Transportation Management
7.3.4. Value added warehousing & distribution
7.4. Market Analysis – By Industry
7.4.1. Technological
7.4.2. Automotive
7.4.3. Retailing
7.4.4. Manufacturing
7.4.5. Logistics
7.5. Market Analysis – By Country
7.5.1. U.K.
7.5.1.1. By Service Type
7.5.2. Germany
7.5.2.1. By Service Type
7.5.3. France
7.5.3.1. By Service Type
7.5.4. Rest of Europe
7.5.4.1. By Service Type
8. Asia Pacific Third Party Logistics Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Analysis – By Mode Of Transportation
8.2.1. Railways
8.2.2. Airways
8.2.3. Roadways
8.2.4. Seaways
8.3. Market Analysis – By Service Type
8.3.1. Dedicated Contract Carriage (DCC)
8.3.2. Domestic Transportation Management
8.3.3. International Transportation Management
8.3.4. Value added warehousing & distribution
8.4. Market Analysis – By Industry
8.4.1. Technological
8.4.2. Automotive
8.4.3. Retailing
8.4.4. Manufacturing
8.4.5. Logistics
8.5. Market Analysis – By Country
8.5.1. China
8.5.1.1. By Service Type
8.5.2. Japan
8.5.2.1. By Service Type
8.5.3. India
8.5.3.1. By Service Type
8.5.4. South Korea
8.5.4.1. By Service Type
8.5.5. Rest of APAC
8.5.5.1. By Service Type
9. Rest of the World Third Party Logistics Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Analysis – By Mode Of Transportation
9.2.1. Railways
9.2.2. Airways
9.2.3. Roadways
10. 9.3.4. Seaways
10.1. Market Analysis – By Service Type
10.1.1. Dedicated Contract Carriage (DCC)
10.1.2. Domestic Transportation Management
10.1.3. International Transportation Management
10.1.4. Value added warehousing & distribution
10.2. Market Analysis – By Industry
10.2.1. Technological
10.2.2. Automotive
10.2.3. Retailing
10.2.4. Manufacturing
10.2.5. Logistics
11. Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Ranking Analysis (2023)
11.3. Competition Dashboard
11.4. Comparative Analysis – Major Players
11.5. Company Profiles
11.5.1. DHL Group
11.5.1.1. Overview
11.5.1.2. Industrys & services
11.5.1.3. SWOT Analysis
11.5.1.4. Recent Developments
11.5.1.5. Strategies
11.5.1.6. Financials (Based on Availability)
11.5.2. Kuehne + Nagel
11.5.2.1. Overview
11.5.2.2. Industrys & services
11.5.2.3. SWOT Analysis
11.5.2.4. Recent Developments
11.5.2.5. Strategies
11.5.2.6. Financials (Based on Availability)
11.5.3. C.H. Robinson
11.5.3.1. Overview
11.5.3.2. Industrys & services
11.5.3.3. SWOT Analysis
11.5.3.4. Recent Developments
11.5.3.5. Strategies
11.5.3.6. Financials (Based on Availability)
11.5.4. DB Schenker
11.5.4.1. Overview
11.5.4.2. Industrys & services
11.5.4.3. SWOT Analysis
11.5.4.4. Recent Developments
11.5.4.5. Strategies
11.5.4.6. Financials (Based on Availability)
11.5.5. FedEx Corporation
11.5.5.1. Overview
11.5.5.2. Industrys & services
11.5.5.3. SWOT Analysis
11.5.5.4. Recent Developments
11.5.5.5. Strategies
11.5.5.6. Financials (Based on Availability)
11.5.6. Nippon Express
11.5.6.1. Overview
11.5.6.2. Industrys & services
11.5.6.3. SWOT Analysis
11.5.6.4. Recent Developments
11.5.6.5. Strategies
11.5.6.6. Financials (Based on Availability)
11.5.7. UPS
11.5.7.1. Overview
11.5.7.2. Industrys & services
11.5.7.3. SWOT Analysis
11.5.7.4. Recent Developments
11.5.7.5. Strategies
11.5.7.6. Financials (Based on Availability)
11.5.8. CEVA Logistics
11.5.8.1. Overview
11.5.8.2. Industrys & services
11.5.8.3. SWOT Analysis
11.5.8.4. Recent Developments
11.5.8.5. Strategies
11.5.8.6. Financials (Based on Availability)
11.5.9. Panalpina
11.5.9.1. Overview
11.5.9.2. Industrys & services
11.5.9.3. SWOT Analysis
11.5.9.4. Recent Developments
11.5.9.5. Strategies
11.5.9.6. Financials (Based on Availability)
11.5.10. JB Hunt
11.5.10.1. Overview
11.5.10.2. Industrys & services
11.5.10.3. SWOT Analysis
11.5.10.4. Recent Developments
11.5.10.5. Strategies
11.5.10.6. Financials (Based on Availability)

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