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Global Third-Party Logistics (3PL) Market Share, Forecast: By Service: Domestic Transportation, International Transportation; By End Use: Food and Beverage, Automotive, Consumer and Retail, IT and Telecom, Healthcare, Energy, Others; Regional Analysis; Market Dynamics; Value Chain Analysis; Competitive Landscape; 2024-2032
Third-Party Logistics (3PL) Market Size
The global third-party logistics (3PL) market reached a value of approximately USD 1,061.95 billion in 2023. The market is projected to grow at a CAGR of 5.30% between 2024 and 2032, reaching a value of around USD 1,685.54 billion by 2032.
Third-Party Logistics (3PL) Market Outlook
- The U.S. Department of State reports yearly totals of 30,000 shipments, 26 million pounds of stored household effects, and 50,000 travel transactions.
- China's government promotes LOGINK adoption by global ports, freight carriers, forwarders, and other countries by offering it for free.
- NITI Aayog reported that in 2022, India's logistics sector had reached a market value in excess of USD 15 billion.
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Third-Party Logistics (3PL) Market Growth
3PL providers offer a range of logistics solutions tailored to meet the needs of businesses, allowing companies to focus on their core competencies while outsourcing complex logistics operations. 3PL companies help with customs clearance and documentation for international shipments. They manage the movement of goods across borders, ensuring adherence to international regulations. Moreover, Increased spending on transportation and warehousing is a key driver for the growth of the 3PL market, as businesses seek efficient, scalable, and cost-effective logistics solutions to meet the demands of a dynamic and competitive marketplace.
According to the National Freight and Supply Chain Strategy, freight volume in Australia is expected to grow by over 35 per cent between 2018 and 2040, increasing by 270 billion tonnes. This indicates the growth of the third-party logistic market in the country.
Key Trends and Developments
E-commerce expansion, technological advancements, focus on sustainability, and collaborative partnerships are the major trends impacting global third-party logistics (3PL) market growth.
May 28, 2024
Reliance Industries began constructing India’s first Multimodal Logistics Park at Mappedu near Chennai, aiming to provide efficient, cost-effective logistics services like cargo handling, distribution, intermodal transfer, sorting, packing, and repacking.
February 2024
Bengaluru-based e-commerce platform Meesho launched Valmo, a logistics marketplace aimed at democratizing third-party logistics and cutting delivery costs, particularly benefiting smaller players.
January 20, 2024
A new international trade and logistics centre started operating on the Kazakh-Chinese border near Dostyk village, aiming to enhance cross-border logistics infrastructure and increase Alakol customs post capacity.
August 22, 2023
CEVA Logistics acquired a 96% stake in Stellar Value Chain Solutions, a tech-driven third-party warehouse and distribution service provider, from an affiliate of private equity firm Warburg Pincus and other entities.
E-commerce Expansion
3PL providers are leveraging technology and infrastructure to meet the unique requirements of online retail, including last-mile delivery and reverse logistics.
Technological Advancements
Innovations such as automation, artificial intelligence, IoT, and blockchain are transforming the logistics landscape. These technologies enhance efficiency, visibility, and accuracy in supply chain operations.
Focus on Sustainability
3PL providers are implementing eco-friendly practices, such as energy-efficient transportation, green packaging, and reverse logistics for recycling and waste reduction.
Collaborative Partnerships
Collaborations between 3PL providers and other stakeholders, including shippers, carriers, technology firms, and industry associations, are fostering innovation and driving continuous improvement in logistics processes and services.
Third-Party Logistics (3PL) Market Trends
The demand for third-party logistics (3PL) is increasing due to the rising specialized logistics services, such as temperature-controlled transportation for perishable goods or hazardous material handling for chemicals. 3PL providers offer specialized expertise and infrastructure to cater to these unique requirements, making them indispensable partners for businesses in such sectors.
There is a growing emphasis on real-time visibility and transparency across the supply chain. 3PL providers are offering advanced tracking and monitoring solutions, allowing businesses to optimize inventory management, improve forecasting accuracy, and enhance customer service.
Third-Party Logistics (3PL) Industry Segmentation
“Third-Party Logistics (3PL) Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Service
- Domestic Transportation
- International Transportation
Market Breakup by End Use
- Food and Beverage
- Automotive
- Consumer and Retail
- IT and Telecom
- Healthcare
- Energy
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Leading Manufacturers in the Third-Party Logistics (3PL) Market
The companies provide various solutions including sea freight, rail freight, logistic solutions, transport, digital service hub and others.
DHL Global Forwarding: Established in 1815 and based in Bonn, North Rhine-Westphalia. DHL is the world’s leading logistics company. The company’s divisions include DHL Express, DHL Global Forwarding, DHL Freight, and others.
Kuehne + Nagel International AG: Founded in 1890 and based in Schindellegi, Schwyz. The Group dominates global air and sea logistics and holds significant market shares in road and contract logistics.
DB Schenker: Established in 1872 and is headquartered in Essen, Germany. The businesses of the company include transport, contract logistics, supply chain solutions, Industry solutions, and digital services hub.
DSV A/S: Founded in 1976 and is headquartered in Copenhagen (Denmark). The solutions provided by the company include air freight, sea freight, road transport, rail freight, courier, logistic solutions, and others.
Other global third-party logistics (3PL) market key players are Sinotrans Changhang Group, Panalpina, Nippon Express Co., Ltd., Expeditors, UPS Supply Chain Solutions Inc., Hitachi Transport System, C.H. Robinson, Hellmann Worldwide Logistics SE & Co. KG, Bolloré Logistics, CEVA Logistics, and Yusen Logistics Co., Ltd. among others.
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Third-Party Logistics (3PL) Market Analysis by Region
North America is the frontrunner in driving the global 3PL market growth. This is fueled by the e-commerce boom, expanding economies in the region, and government support for logistics infrastructure. Additionally, North America tech adoption in logistics is creating a dynamic environment for 3PL providers to thrive.
According to USDT, in the United States, by 2045, the Demand for freight is expected to grow by about 40 per cent which will further boost the third-party logistics (3PL) market growth.
Increasing international trade in Europe has amplified the demand for efficient transportation services to move goods across borders. 3PL providers facilitate the complex logistics networks required for global trade, ensuring timely and cost-effective delivery.
This growing demand is reflected in data from Statistics Poland, which shows the volume of goods transported increased from 2,253,377 thousand tonnes in 2021 to 2,277,093 thousand tonnes in 2022. Further, indicates the rise in the demand for the third-party logistics (3PL) market.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Service |
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| Breakup by End Use |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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Third-Party Logistics (3PL) Market Report Snapshots
Third-Party Logistics (3PL) Market Size
Third-Party Logistics (3PL) Market Growth
Third-Party Logistics (3PL) Market Trends
Third-Party Logistics (3PL) Manufacturers
Third-Party Logistics (3PL) Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Third-Party Logistics (3PL) Market Analysis
8.1 Key Industry Highlights
8.2 Global Third-Party Logistics (3PL) Historical Market (2018-2023)
8.3 Global Third-Party Logistics (3PL) Market Forecast (2024-2032)
8.4 Global Third-Party Logistics (3PL) Market by Service
8.4.1 Domestic Transportation
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 International Transportation
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Third-Party Logistics (3PL) Market by End Use
8.5.1 Food and Beverage
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Automotive
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Consumer and Retail
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 IT and Telecom
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Healthcare
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Energy
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Third-Party Logistics (3PL) Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Third-Party Logistics (3PL) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Third-Party Logistics (3PL) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Third-Party Logistics (3PL) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Third-Party Logistics (3PL) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Third-Party Logistics (3PL) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 DHL Global Forwarding
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Kuehne + Nagel International AG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 DB Schenker
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 DSV A/S
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Sinotrans Changhang Group
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Panalpina
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Nippon Express Co., Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Expeditors
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 UPS Supply Chain Solutions, Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Hitachi Transport System
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 C.H. Robinson
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Hellmann Worldwide Logistics SE & Co. KG
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Bolloré Logistics
16.2.13.1 Company Overview
16.2.13.2 Product Portfolio
16.2.13.3 Demographic Reach and Achievements
16.2.13.4 Certifications
16.2.14 CEVA Logistics
16.2.14.1 Company Overview
16.2.14.2 Product Portfolio
16.2.14.3 Demographic Reach and Achievements
16.2.14.4 Certifications
16.2.15 Yusen Logistics Co., Ltd.
16.2.15.1 Company Overview
16.2.15.2 Product Portfolio
16.2.15.3 Demographic Reach and Achievements
16.2.15.4 Certifications
16.2.16 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Third-Party Logistics (3PL) Market: Key Industry Highlights, 2018 and 2032
2. Global Third-Party Logistics (3PL) Historical Market: Breakup by Service (USD Million), 2018-2023
3. Global Third-Party Logistics (3PL) Market Forecast: Breakup by Service (USD Million), 2024-2032
4. Global Third-Party Logistics (3PL) Historical Market: Breakup by End Use (USD Million), 2018-2023
5. Global Third-Party Logistics (3PL) Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. Global Third-Party Logistics (3PL) Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Third-Party Logistics (3PL) Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Third-Party Logistics (3PL) Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Third-Party Logistics (3PL) Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Third-Party Logistics (3PL) Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Third-Party Logistics (3PL) Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Third-Party Logistics (3PL) Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Third-Party Logistics (3PL) Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Third-Party Logistics (3PL) Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Third-Party Logistics (3PL) Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Third-Party Logistics (3PL) Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Third-Party Logistics (3PL) Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Third-Party Logistics (3PL) Market Structure
Key Questions Answered in the Report
The third-party logistics (3PL) market was valued at USD 1,061.95 billion in 2023.
The market is projected to grow at a CAGR of 5.30% between 2024 and 2032.
The revenue generated from the third-party logistics (3PL) market is expected to reach USD 1,685.54 billion in 2032.
Who are the key players in the global third-party logistics (3PL) industry, according to the report?
The market key players are DHL Global Forwarding, Kuehne + Nagel International AG, DB Schenker, DSV A/S, Sinotrans Changhang Group, Panalpina, Nippon Express Co., Ltd., Expeditors, UPS Supply Chain Solutions Inc., Hitachi Transport System, C.H. Robinson, Hellmann Worldwide Logistics SE & Co. KG, Bolloré Logistics, CEVA Logistics, and Yusen Logistics Co., Ltd. among others.
Based on end use, the global third-party logistics market is broken down into food and beverage, automotive, consumer and retail, IT and telecom, healthcare, energy, and others.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
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