Third-Party Logistics (3PL) Market Size, Share, Trends, Growth and Forecast 2032

Third-Party Logistics (3PL) Market Insights

According to a report from Zion Market Research, the global Third-Party Logistics (3PL) Market was valued at USD 1,521.94 Billion in 2023 and is projected to hit USD 3,093.45 Billion by 2032, with a compound annual growth rate (CAGR) of 8.2% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Third-Party Logistics (3PL) industry over the next decade.

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This report analyzes and estimates the third-party logistics (3PL) market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Trillion). The report offers detailed insights of the third-party logistics (3PL) market drivers and restraints along with their impact analysis at a global level from 2015 to 2025.

The report covers an in-depth analysis of the strategies adopted by major competitors in the global third-party logistics (3PL) market. To understand the competitive landscape in the third-party logistics (3PL) market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.

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Third-Party Logistics (3PL) Market: Segmentation

The research study provides a decisive view on the global third-party logistics (3PL) market based on mode, solution, and region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.

Third-party logistics services providers prefer rail & roadway to deliver parcels within a considerable reach. Road cargo transportation helps in offering uninterrupted delivery services, as transportation mode operations are not dependent on railway and airport schedules. Moreover, with the installation of advanced GPS navigation systems by the 3PL companies on a rail- and road-transported cargo, the real-time delivery status of the parcel can be estimated. Moreover, road transportation is economical for short-distance parcel delivery.

The report exhibits the analytical information related to the global third-party logistics (3PL) market by segmenting it on the basis of mode, solution, and region. Based on the mode, the global third-party logistics (3PL) market is segmented into road & rail, sea, and air. By solution, the global sector is categorized into international transportation management (ITM), domestic transportation management (DTM), warehousing & distribution, dedicated contract carriage (DCC), and logistics software. The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.

Third-Party Logistics (3PL) Market: Report Scope

Competitive Landscape

• BDP International
• DHL Supply Chain
• FedEx
• Kuehne+Nagel International AG
• Ryder Supply Chain Solutions
• Transplace Texas LP
• AmeriCold Logistics LLC
• C.H. Robinson Worldwide
• Echo Global Logistics
• J. B. Hunt
• Nippon Express Co. Ltd.
• SinoTrans Logistics Limited
• UPS Supply Chain Solutions
• Expeditors International of Washington
• Penske Logistics Inc.
• Unyson Logistics Inc.
• Kintetsu World Express Inc.
• DB Schenker Logistics
• XPO Logistics Inc.
• Landstar System Inc.
• Burris Logistics
• Total Quality Logistics Inc.
• Schneider National Inc.
• DSV A/S
• GEODIS.

The global third-party logistics (3PL) market is segmented as

Global Third-Party Logistics (3PL) Market: By Mode Segmentation Analysis

• Road & Rail
• Sea
• Air

Global Third-Party Logistics (3PL) Market: By Solution Segmentation Analysis

• International Transportation Management (ITM)
• Domestic Transportation Management (DTM)
• Warehousing & Distribution
• Dedicated Contract Carriage (DCC)
• Logistics Software

Global Third-party logistics (3PL) Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa