Australia Third Party Logistics Market Trends, Revenue, Share, Scope, Growth Drivers, CAGR Status, Opportunities and Future Competition Till 2033


Australia Third Party Logistics Market Trends, Revenue, Share, Scope, Growth Drivers, CAGR Status, Opportunities and Future Competition Till 2033: SPER Market Research

 Published: Sep-2023
 Author: SPER Analyst

Australia 3PL Market is projected to be worth USD 25.32 billion by 2033 and is anticipated to surge at a CAGR of 5.23%.

The term "3PL" stands for third-party logistics, in which a third-party service provider provides full logistics services, spanning from distribution and supply chain management to warehousing and shipping. The 3PL provider can provide an all-inclusive solution or a variety of logistical services depending on the terms of the service agreement. The 3PL supplier may employ relationships with different providers or internal facilities to supply logistics.

Australia 3PL Market Driving Factors and Challenges

Rising consumerism and rising disposable incomes in Australia are driving up demand for different consumer goods from manufacturers. The requirement for manufacturers to have effective logistics has increased due to the rise in dropshipping and the growth of retailers, which has raised the demand for 3PL in Australia. The demand for 3PL services in Australia is also influenced by the increasing adoption of new technology, which allows for real-time shipment tracking and improved supply chain management. The development of the 3PL business in Australia is also being aided by smart warehouses and the use of various sensors and devices in logistics. The Australian government's increasing investments in healthcare infrastructure are fuelling a rise in healthcare-related 3PL end uses in the nation. Utilising 3PL companies is an economical way to deliver medical supplies across the nation in specialist, controlled, and safe settings.

However, the development of logistical services in the country continues to lag. The industry's dearth of highly skilled workers is the main challenge. The absence of qualified logistics professionals further restricts this market's expansion. Industrialised nations' infrastructure is now insufficient to match the demand for innovative logistics services. Some warehouses employ or run on old technology in various nations. The creation of sophisticated multimodal logistics operations is hampered by the ground infrastructure's inability to create an efficient connection with the logistic hub. Additionally, the National Development and Reform Commission, among others, controls/governs the majority of the industry's operations. Logistics service companies must use more administrative and management resources since different government entities have different policies. The regulatory discontinuity may therefore slow the industry's rate of growth for global logistics services. Therefore, all of these limitations, including manufacturers' limited ability to regulate logistics and delivery services, limit the expansion of the global market.

Impact of COVID-19 on Australia 3PL Market 
The supply chain has been impacted by the coronavirus epidemic. The crisis put an unheard-of pressure on the logistics and transportation systems. Due to the lockdowns, the shippers are dealing with uncertainty in the transportation of goods. The imbalance between supply and demand and the lack of capacity for long-haul and last-mile fulfilment services is causing disruptions in the transportation networks. To deal with the COVID-19 panic buying that has propelled more than double the average grocery sales, several truck operators have purchased additional trailers, hired drivers, and are travelling directly from interstate warehouses to stores. The third-party logistics market saw an increase in activity from new and developing businesses in the post-covid period. The number of businesses accepting funding is constantly increasing. The companies in the sector are cooperating to provide fleets and equipment. The nationwide demand for trucking services has been driven by the panic buying.

Australia 3PL Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; BCR Australia Pty Ltd, CEVA Logistics SA, Deutsche Post AG (DHL), Gold Tiger Logistics Solutions Pty Ltd, Invenco Pty Ltd., Kings Consolidated Group Pty Ltd., Linfox Pty Ltd., Schenker AG, Toll Holdings Limited, Others.

Australia 3PL Market Segmentation:

By Service: Based on the Service, Australia 3PL Market is segmented as; Dedicated Contract Carriage (DCC)/Freight Forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Value Added Logistics Services (VALs), Warehousing and Distribution.

By Transport: Based on the Transport, Australia 3PL Market is segmented as; Airways, Railways, Roadways, Waterways.

By End User: Based on the End User, Australia 3PL Market is segmented as; Automotive, Healthcare, Manufacturing, Retail, Others.

By Region: This research also includes data for Eastern Region, Northern Region, Southern Region, Western Region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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