Reports
Global Third-Party Logistics (3PL) Market: Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand, EMR’s Key Indicators for Price; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Third-Party Logistics (3PL) Market Outlook
The global third-party logistics (3PL) market reached a value of USD 1008.5 billion approximately in the year 2022. The industry is further expected to grow at a CAGR of 5.30% in the forecast period of 2023-2028 to reach a value of almost USD 1370.96 billion by 2028.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| 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. |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 (2018-2022)
8.3 Global Third-Party Logistics (3PL) Market Forecast (2023-2028)
8.4 Global Third-Party Logistics (3PL) Market by Region
8.4.1 North America
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Europe
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Asia Pacific
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Latin America
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Middle East and Africa
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
9 North America Third-Party Logistics (3PL) Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Third-Party Logistics (3PL) Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Third-Party Logistics (3PL) Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Third-Party Logistics (3PL) Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Third-Party Logistics (3PL) Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 2028
2. Global Third-Party Logistics (3PL) Historical Market: Breakup by Region (USD Million), 2018-2022
3. Global Third-Party Logistics (3PL) Market Forecast: Breakup by Region (USD Million), 2023-2028
4. North America Third-Party Logistics (3PL) Historical Market: Breakup by Country (USD Million), 2018-2022
5. North America Third-Party Logistics (3PL) Market Forecast: Breakup by Country (USD Million), 2023-2028
6. Europe Third-Party Logistics (3PL) Historical Market: Breakup by Country (USD Million), 2018-2022
7. Europe Third-Party Logistics (3PL) Market Forecast: Breakup by Country (USD Million), 2023-2028
8. Asia Pacific Third-Party Logistics (3PL) Historical Market: Breakup by Country (USD Million), 2018-2022
9. Asia Pacific Third-Party Logistics (3PL) Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Latin America Third-Party Logistics (3PL) Historical Market: Breakup by Country (USD Million), 2018-2022
11. Latin America Third-Party Logistics (3PL) Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Middle East and Africa Third-Party Logistics (3PL) Historical Market: Breakup by Country (USD Million), 2018-2022
13. Middle East and Africa Third-Party Logistics (3PL) Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Global Third-Party Logistics (3PL) Market Structure
Key Questions Answered in the Report
In 2022, the global third-party logistics (3PL) market attained a value of nearly USD 1008.5 billion.
The market is projected to grow at a CAGR of 5.30% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 1370.96 billion by 2028.
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 1008.5 billion in 2022, 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 2023-2028, growing at a CAGR of 5.30%. The market is projected to reach almost USD 1370.96 billion by 2028.
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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