Global Third Party Logistics Market Growth (Status and Outlook) 2023-2029

Global Third Party Logistics Market Growth (Status and Outlook) 2023-2029

Third-party logistics (3PL) is a business arrangement in which companies outsource their logistics operations to a specialized service provider that offers customized on-demand transportation, warehousing, distribution, and freight and forwarding services.

LPI (LP Information)' newest research report, the “Third Party Logistics Industry Forecast” looks at past sales and reviews total world Third Party Logistics sales in 2022, providing a comprehensive analysis by region and market sector of projected Third Party Logistics sales for 2023 through 2029. With Third Party Logistics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Third Party Logistics industry.

This Insight Report provides a comprehensive analysis of the global Third Party Logistics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Third Party Logistics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Third Party Logistics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Third Party Logistics and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Third Party Logistics.

The global Third Party Logistics market size is projected to grow from US$ 64280 million in 2022 to US$ 96760 million in 2029; it is expected to grow at a CAGR of 6.0% from 2023 to 2029.

Increasing advancements in e-commerce across the retail sector is expected to drive the growth prospects for the global 3PL market in the forthcoming years. Some of the major factors responsible for the expansion of the e-commerce sector includes the increased adoption of the Internet and mobile services. Also, it has been observed that elements such as efficient inventory management and quick delivery are important for the operational success of this sector. As a result, the demand for efficient delivery systems, inventory management, small package deliveries, individualized shipping time, and freight forwarding are increasing, driving the third-party logistics market size.

This report presents a comprehensive overview, market shares, and growth opportunities of Third Party Logistics market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
DCC
DTM
ITM
Logistics Software

Segmentation by application
Manufacturing
Consumer Goods
Retail
Automotive
Food and Beverage
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
AmeriCold Logistics
DHL Supply Chain
FedEx
Nippon Express
UPS Supply Chain Solutions

Please note: The report will take approximately 2 business days to prepare and deliver.