3PL Market in US 2023-2027
Technavio has been monitoring the 3PL market in US and is forecast to grow by $117.1 bn during 2022-2027, accelerating at a CAGR of 8.42% during the forecast period. Our report on the 3PL market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing cross-border trade, cost benefits of using 3PL, and increasing use of multimodal transport.
Technavio's 3PL market in US is segmented as below:
By End-user
- Retail
- Manufacturing
- Automotive
- Food and beverages
- Others
By Service
- Transportation
- Warehousing and distribution
- Others
This study identifies the emergence of blockchain and RFID in logistics as one of the prime reasons driving the 3PL market growth during the next few years. Also, the growing demand for green logistics and digital transformation in logistics will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the 3PL market in US covers the following areas:
- 3PL market sizing
- 3PL market forecast
- 3PL market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading 3PL market vendors that include Americold Realty Trust Inc., Blu Logistics, Burris Logistics Co., C H Robinson Worldwide Inc., Crete Carrier Corp., Expeditors International of Washington Inc., FedEx Corp., Hub Group Inc., J B Hunt Transport Services Inc., Kenco Group Inc., Kuehne Nagel Management AG, M and W Logistics Group Inc., NFI Industries Inc., Ryder System Inc., Taylor Logistics Inc., Total Quality Logistics LLC, United Parcel Service Inc., Wagner Logistics Inc., XPO Inc., and Deutsche Post AG. Also, the 3PL market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.