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Third-Party Logistics (3PL) Market

Global Third-Party Logistics (3PL) Market Share, Forecast: Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Value Chain Analysis, Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Global Third-Party Logistics (3PL) Market Outlook

The global third-party logistics (3PL) market reached a value of USD 1061.95 billion approximately in the year 2023. The industry is further expected to grow at a CAGR of 5.30% in the forecast period of 2024-2032 to reach a value of almost USD 1685.54 billion by 2032.

 

Global Third-Party Logistics (3PL) Market

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In 2018, regions such as the Asia Pacific, North America, and Europe accounted for 85% of the global third-party logistics (3PL) market. The market in these regions is being driven by the healthy economic growth and an increase in trade activities.

The global third-party logistics (3PL) industry is greatly affected by the global freight forwarding market. The freight forwarders act as intermediaries between carriers, shippers, and consignees, and their work includes booking cargo space with the carrier, documentation, route planning, export packing, temporary storage in a warehouse, insurance, and collection, and delivery of the consignment. The freight forwarders work for both shippers (DDP or CIF) and Consignee (FOB or EXW). The global freight forwarding market is expected to grow at a CAGR of 4.5% until 2021. The markets with high maturity are North America, Europe, and the Asia Pacific, whereas South America has markets with low or medium market maturity.

 

Market Segmentation

Third-party logistics services are used for logistics and supply chain management by organizations to outsource elements of warehousing, distribution, and fulfilment services via third-party businesses. The providers for third-party logistics usually specialize in integrated operations of transportation services and warehousing, which can be scaled and customized according to the customers' needs, on the basis of market conditions, to cater to the demands and delivery service requirements for their products. The service focuses on specific functions within the supply management, such as transportation, warehousing, or raw material provision.

The report by EMR covers the regional markets of the product like North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The report gives an in-depth assessment of the third-party assessment market along with the global freight forwarding market.

 

Global Third-Party Logistics (3PL) Market By Region

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Market Analysis

Due to the rise in e-commerce and trade activities, the global third-party logistics (3PL) market is expected to grow in the coming years. Favourable government regulations are also enhancing the growth of the third-party logistics demand across industries. The demand from the retail and manufacturing sectors has led freight forwarders to effectively consolidate their functions and services by sharing centralizing management facilities and logistic facilities to provide competent services. The third-party logistics (3PL) offer a one-stop solution for the customs brokerage by the outsourcing to a single player at a global level, in place of hiring several brokers at a national/local level, which will accelerate the market for third-party logistics (3PL) as they provide faster coordination and customs clearance.

The market has gone through many changes in the past five years, and the key industries, such as retail and automobile, are expecting enhanced technology-enabled delivery. The third-party logistics industry provides advanced technology solutions that offer accurate tracking of the consignment and its movements. This improved technology will help in increasing global visibility, reporting capabilities, and imaging, further enhancing the market growth. The industry is highly organised and continually updates the compliance requirements, like the involvement of paperwork, taxes, and excise duties of each country they operate in, making it convenient and, thus, further invigorating the third-party logistics (3PL) industry. The market also offers value-added services (VAS), which enables reduced cycle time and helps in controlling costs, making the industry more attractive to the prospective customers, further propelling the market growth.

 

Competitive Landscape

November 2020- DHL Global Forwarding (OTCMKTS: DPSGY) opened three additional Rail Competence Centers in Europe and is going to introduce the fastest rail freight connection between Germany and China to meet the rising demand for rail freight services between Europe and Asia.

The report gives a detailed analysis of the following key players in the global third-party logistics (3PL)  market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • 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
  • Yusen Logistics Co., Ltd.

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model along with giving a SWOT analysis.

 

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:

  • Region
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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
  • Yusen Logistics Co., Ltd.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*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    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 Region       
        8.4.1    North America
            8.4.1.1    Historical Trend (2018-2023) 
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Europe
            8.4.2.1    Historical Trend (2018-2023) 
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Asia Pacific
            8.4.3.1    Historical Trend (2018-2023) 
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Latin America
            8.4.4.1    Historical Trend (2018-2023) 
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Middle East and Africa
            8.4.5.1    Historical Trend (2018-2023) 
            8.4.5.2    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
        16.2.16    Hellmann Worldwide Logistics SE & Co. KG
            16.2.16.1    Company Overview
            16.2.16.2    Product Portfolio
            16.2.16.3    Demographic Reach and Achievements
            16.2.16.4    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 Region (USD Million), 2018-2023
3.    Global Third-Party Logistics (3PL) Market Forecast: Breakup by Region (USD Million), 2024-2032
4.    North America Third-Party Logistics (3PL) Historical Market: Breakup by Country (USD Million), 2018-2023
5.    North America Third-Party Logistics (3PL) Market Forecast: Breakup by Country (USD Million), 2024-2032
6.    Europe Third-Party Logistics (3PL) Historical Market: Breakup by Country (USD Million), 2018-2023
7.    Europe Third-Party Logistics (3PL) Market Forecast: Breakup by Country (USD Million), 2024-2032
8.    Asia Pacific Third-Party Logistics (3PL) Historical Market: Breakup by Country (USD Million), 2018-2023
9.    Asia Pacific Third-Party Logistics (3PL) Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Latin America Third-Party Logistics (3PL) Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Latin America Third-Party Logistics (3PL) Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Middle East and Africa Third-Party Logistics (3PL) Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Middle East and Africa Third-Party Logistics (3PL) Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Global Third-Party Logistics (3PL) Market Structure

Key Questions Answered in the Report

In 2023, the global third-party logistics (3PL) market attained a value of nearly USD 1061.95 billion.

The market is projected to grow at a CAGR of 5.30% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 1685.54 billion by 2032.

The major drivers of the market are rising e-commerce and trade activities, and healthy economic growth.

The key trends guiding the growth of the third-party logistics (3PL) market include growth of the freight forwarding market and improvements in technology, which will help in increasing global visibility, reporting capabilities, and imaging.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Third-party logistics or 3PL refers to the outsourcing of logistics services to a third party that helps organisations manage their supply chain, overseeing elements such as warehousing, distribution, and fulfilment. 

The major players in the market 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.

Analyst Review

The global third-party logistics (3PL) market attained a value of about USD 1061.95 billion in 2023, driven by the rising e-commerce and trade activities. Aided by the rising technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.30%. The market is projected to reach almost USD 1685.54 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The major regional markets for third-party logistics (3PL) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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