Third-Party Logistics Market Growth, Size, Trends, Scope, Revenue, Challenges and Future Outlook

Third-Party Logistics Market Size- By Services, By Transportation, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Third-Party Logistics Market Size- By Services, By Transportation, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Published: Mar 2023 Report ID: AMIN2356 Pages: 1 - 236 Formats*:     
Category : Automotive & Transportation
Third-Party Logistics Market Introduction and Overview

According to SPER Market Research, the Global Third-Party Logistics Market is estimated to reach USD 2431.83 billion by 2032 with a CAGR of 8.85%.

The report includes an in-depth analysis of the Global Third-Party Logistics Market, including market size and trends, product mix, end users, and supplier analysis. Third-party logistics, commonly known as 3PL, is a concept that entails employing other companies to assist with the management of goods movement. Assume you own a small company that sells things. You must ensure that those things arrive on time and in acceptable shape. Taking care of all logistics, such as transportation, warehousing, and distribution, however, can be hard and time-consuming. Third-party logistics services can help with this. You can employ professional organizations to undertake these duties for you. They have the knowledge, resources, and experience to manage the flow of products from the manufacturer to the client efficiently.

  • Globalization: As business and commercial operations become more globalized, organizations are expanding their reach into new markets and locations. To navigate complex worldwide networks, this expansion necessitates efficient supply chain management and logistical skills. 3PL suppliers provide the knowledge and infrastructure required to support worldwide trade, making them a crucial partner for enterprises developing globally.
  • Supply Chain Complexity: Due to variables such as diverse suppliers, worldwide sourcing, just-in-time manufacturing, and consumer expectations for quick delivery, modern supply networks have become increasingly complex. Managing these complexity necessitates the use of specialist knowledge and resources. 3PL suppliers provide end-to-end supply chain solutions, which include integrating various components, optimizing inventory levels, and enhancing supply chain visibility, resulting in simpler operations and more customer satisfaction.
Third-Party Logistics Market
Market Opportunities and Challenges
The market for third-party logistics (3PL) provides numerous opportunities for both service providers and organizations. One significant potential is the continued expansion of e-commerce. As more people purchase online, there is a greater demand for efficient and dependable logistics services to handle order fulfillment, inventory management, and last-mile delivery. 3PL providers can profit from this trend by providing specialist e-commerce logistics solutions that assist firms in navigating the difficulties of the digital marketplace. Another opportunity is the growing use of modern technologies. With the rise of cloud computing, artificial intelligence, and the Internet of Things (IoT), 3PL providers now have a huge opportunity to use these technologies to enhance their operations.

The third-party logistics (3PL) market faces several challenges that can impact its operations and growth. One key challenge is the increasing complexity of supply chains. As supply chains become more globalized and interconnected, managing multiple suppliers, transportation modes, and regulatory requirements can be daunting. 3PL providers need to constantly adapt and develop expertise in navigating complex supply chain networks to ensure seamless operations and meet customer expectations.

Third-Party Logistics Market


Market Competitive Landscape
The third-party logistics (3PL) market's competitive landscape is characterized by fierce competition among diverse companies. Companies in the industry include worldwide logistical behemoths, regional suppliers, smaller operators, and even technology-driven startups. This competitive climate provides organizations with a plethora of options when it comes to picking a 3PL supplier. Global logistics corporations such as DHL, UPS, FedEx, and DB Schenker have a large market presence.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2032
 Base year considered 2021
 Forecast period 2022-2032
 Segments coveredBy Services, By Transportation, By End User.
 Regions coveredAsia-Pacific, Europe, Middle East and Africa, North America, Latin America
 Companies Covered
C.H. Robinson Worldwide, Inc., DB Schenker, DHL International GMBH, FedEx Corporation, KUEHNE+NAGEL Inc., Maersk, Nippon Express, Panalpina World Transport Ltd., Union Pacific Railroad, United Parcel Service.
COVID-19 Impact on Global Third-Party Logistics Market
The pandemic has disrupted 3PL providers' normal operations and faced them with additional challenges. As a result of COVID-19, global supply chains have been disrupted, having a significant impact on the 3PL sector. Lockdowns, travel restrictions, and border closures have caused delays and capacity limits in transportation and logistics networks. The necessity for enterprises to find more cost-effective ways to convey their goods has increased demand for 3PL services. Nonetheless, the pandemic has created changes in the supply chain and changes in consumer behavior, both of which have affected demand for specific types of logistics services.

Key Target Audience:
  • Natural Gas Suppliers
  • Industrial and Commercial Users
  • Remote and Off-grid Locations
  • Energy Utilities
  • Renewable Energy Integration
Our in-depth analysis of the Third-Party Logistics Market includes the following segments:
By Engine Type:
  • Diesel Engine
  • Gas Turbine
  • Natural Engine
  • Propulsion Engine
  • By Ship Type:
  • Bulk Carriers
  • Chemical Tankers
  • Container Ship
  • Ferriers And Passenger Ships
  • Gas Carriers
  • General Cargo Ships
  • Oil Tankers
  • Support Vessel
  • By Fuel Type:
  • Heavy Fuel Oil
  • Intermediate Fuel Oil
  • LNG
  • By Services:
  • Dedicated Contract Carriage (DCC)/Freight forwarding
  • Domestic Transportation Management (DTM)
  • International Transportation Management (ITM)
  • Value Added Logistics Services (VALs)
  • Warehousing & Distribution (W&D )
  • By Transportation:
  • Railways
  • Roadways
  • Waterways
  • Key Topics Covered in the Report:
    • Global Third-Party Logistics Market Size (FY’2022-FY’2032)
    • Overview of Global Third-Party Logistics Market
    • Segmentation of Global Third-Party Logistics Market By Services (Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing & Distribution (W&D), Value Added Logistics Services (VALs)) 
    • Segmentation of Global Third-Party Logistics Market By Transportation (Roadways, Railways, Waterways) 
    • Segmentation of Global Third-Party Logistics Market By End User (Manufacturing, Retail, Healthcare, Automotive, Others)
    • Statistical Snap of Global Third-Party Logistics Market
    • Expansion Analysis of Global Third-Party Logistics Market
    • Problems and Obstacles in Global Third-Party Logistics Market
    • Competitive Landscape in the Global Third-Party Logistics Market
    • Effects of COVID-19 and demonetization on Global Third-Party Logistics Market
    • Details on Current Investment in Global Third-Party Logistics Market
    • Competitive Landscape of Global Third-Party Logistics Market
    • Prominent Players in the Global Third-Party Logistics Market
    • SWOT Analysis of Global Third-Party Logistics Market
    • Global Third-Party Logistics Market Future Outlook and Projections (FY’2022-FY’2032)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1 Research data source
    2.1.1 Secondary data
    2.1.2 Primary data
    2.1.3 SPER’s internal database
    2.1.4 Premium insight from KOL’s
    2.2 Market size estimation
    2.2.1 Top-down and Bottom-up approach
    2.3 Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1 Drivers
    4.1.2 Restraints
    4.1.3 Opportunities
    4.1.4 Challenges 
    4.2. COVID-19 Impacts of the Global Third-Party Logistics Market 

    5. Market variables and outlook
    5.1. SWOT analysis 
    5.1.1 Strengths 
    5.1.2 Weaknesses 
    5.1.3 Opportunities
    5.1.4 Threats
    5.2. PESTEL analysis 
    5.2.1 Political landscape
    5.2.2 Economic landscape
    5.2.3 Social landscape 
    5.2.4 Technological landscape 
    5.2.5 Environmental landscape 
    5.2.6 Legal landscape 
    5.3. PORTER’S five forces analysis 
    5.3.1 Bargaining power of suppliers 
    5.3.2 Bargaining power of Buyers 
    5.3.3 Threat of Substitute 
    5.3.4 Threat of new entrant 
    5.3.5 Competitive rivalry
    5.4. Heat map analysis

    6. Competitive Landscape 
    6.1 Global Third-Party Logistics Manufacturing Base Distribution, Sales Area, Product Type 
    6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Third-Party Logistics Market 

    7. Global Third-Party Logistics Market, By Services, 2019-2032 (USD Million)
    7.1 Dedicated Contract Carriage (DCC)/Freight forwarding
    7.2 Domestic Transportation Management (DTM)
    7.3 International Transportation Management (ITM)
    7.4 Value Added Logistics Services (VALs)
    7.5 Warehousing & Distribution (W&D )

    8. Global Third-Party Logistics Market, By Transportation, 2019-2032 (USD Million)
    8.1 Railways
    8.2 Roadways
    8.3 Waterways

    9. Global Third-Party Logistics Market, By End User, 2019-2032 (USD Million)
    9.1 Automotive
    9.2 Healthcare
    9.3 Manufacturing
    9.4 Retail
    9.5 Others 

    10. Global Third-Party Logistics Market, By Region, 2019-2032 (USD Million)
    10.1 Global Third-Party Logistics Market Size and Market Share by Region (2019-2025) 
    10.2 Global Third-Party Logistics Market Size and Market Share by Region (2026-2032)
    10.3 Asia-Pacific
    10.3.1 Australia
    10.3.2 China
    10.3.3 India
    10.3.4 Japan
    10.3.5 South Korea
    10.3.6 Rest of Asia-Pacific
    10.4 Europe
    10.4.1 France
    10.4.2 Germany
    10.4.3 Italy
    10.4.4 Spain
    10.4.5 United Kingdom
    10.4.6 Rest of Europe
    10.5 Middle East and Africa
    10.5.1 Kingdom of Saudi Arabia 
    10.5.2 United Arab Emirates
    10.5.3 Rest of Middle East & Africa
    10.6 North America
    10.6.1 Canada
    10.6.2 Mexico
    10.6.3 United States
    10.7 Latin America
    10.7.1 Argentina
    10.7.2 Brazil
    10.7.3 Rest of Latin America

    11. Company Profiles
    11.1. C.H. Robinson Worldwide, Inc.
    11.1.1 Company details 
    11.2.1 Financial outlook
    11.3.1 Product summary 
    11.4.1 Recent developments
    11.2. DB Schenker, 
    11.1.2 Company details 
    11.2.2 Financial outlook
    11.3.2 Product summary 
    11.4.2 Recent developments
    11.3. DHL International GMBH, 
    11.1.3 Company details 
    11.2.3 Financial outlook
    11.3.3 Product summary 
    11.4.3 Recent developments
    11.4. FedEx Corporation
    11.1.4 Company details 
    11.2.4 Financial outlook
    11.3.4 Product summary 
    11.4.4 Recent developments
    11.5. KUEHNE+NAGEL Inc.
    11.1.5 Company details 
    11.2.5 Financial outlook
    11.3.5 Product summary 
    11.4.5 Recent developments
    11.6. Maersk
    11.1.6 Company details 
    11.2.6 Financial outlook
    11.3.6 Product summary 
    11.4.6 Recent developments
    11.7. Nippon Express, 
    11.1.7 Company details 
    11.2.7 Financial outlook
    11.3.7 Product summary 
    11.4.7 Recent developments
    11.8. Panalpina World Transport Ltd.
    11.1.8 Company details 
    11.2.8 Financial outlook
    11.3.8 Product summary 
    11.4.8 Recent developments
    11.9. Union Pacific Railroad
    11.1.9 Company details 
    11.2.9 Financial outlook
    11.3.9 Product summary 
    11.4.9 Recent developments
    11.10. United Parcel Service
    11.1.10 Company details 
    11.2.10 Financial outlook
    11.3.10 Product summary 
    11.4.10 Recent developments

    12.List of Abbreviations

    13.Reference Links

    14.Conclusion

    15.Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Third-Party Logistics Market grew in market size from 2021. The Market is expected to reach USD 2431.83 billion by 2032, at a CAGR of 8.85% during the forecast period.
    Third-Party Logistics Market CAGR of 8.85% during the forecast period.
    You can get the sample pages by clicking the link -Click Here
    Third-Party Logistics Market size is USD 2431.83 billion from 2022 to 2032.
    Third-Party Logistics Market Segment is Covered By Services, By Transportation, By End User.
    The North America region is anticipated to have the highest market share in Third-Party Logistics Market.
    The key players in the market include Companies Covered C.H. Robinson Worldwide, Inc., DB Schenker, DHL International GMBH, FedEx Corporation, KUEHNE+NAGEL Inc., Maersk, Nippon Express, Panalpina World Transport Ltd., Union Pacific Railroad, United Parcel Service.
    Third-Party Logistics Market is projected to reach USD 2431.83 billion by 2032, growing at a CAGR of 8.85% during the forecast period.
    The growing complexity of supply chains, the need for cost optimization, and the adoption of cutting-edge technologies like blockchain and artificial intelligence are all projected to fuel the growth of the 3PL industry in the upcoming years.
    Not able to find what you are looking for? Need customization in the existing report?
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