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Market Outlook
The global third-party logistics (3PL) market reached a value of USD 910.4 billion approximately in the year 2019. The industry is further expected to grow at a CAGR of 5.25% in the forecast period of 2020-2025 to reach a value of almost USD 1237.6 billion by 2025. 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 2020. The markets with high maturity are North America, Europe, and the Asia Pacific, whereas South America has markets with low or medium market maturity.
Properties and Applications
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.
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 2019- 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:
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.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Third-Party Logistics (3PL) Market Analysis
6.1 Figure: Global Third-Party Logistics (3PL) Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Third-Party Logistics (3PL) Market Breakup by Region
6.2.1 North America
6.2.1.1 United States of America
6.2.1.2 Canada
6.2.2 Europe
6.2.2.1 Germany
6.2.2.2 France
6.2.2.3 United Kingdom
6.2.2.4 Italy
6.2.2.5 Others
6.2.3 Asia Pacific
6.2.3.1 China
6.2.3.2 Japan
6.2.3.3 India
6.2.3.4 ASEAN
6.2.3.5 Others
6.2.4 Latin America
6.2.4.1 Brazil
6.2.4.2 Argentina
6.2.4.3 Mexico
6.2.4.4 Others
6.2.5 Middle East and Africa
6.2.5.1 Saudi Arabia
6.2.5.2 United Arab Emirates
6.2.5.3 Nigeria
6.2.5.4 South Africa
6.2.5.5 Others
6.3 Figure: Global Third-Party Logistics (3PL) Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 North America
6.3.1.1 United States of America
6.3.1.2 Canada
6.3.2 Europe
6.3.2.1 Germany
6.3.2.2 France
6.3.2.3 United Kingdom
6.3.2.4 Italy
6.3.2.5 Others
6.3.3 Asia Pacific
6.3.3.1 China
6.3.3.2 Japan
6.3.3.3 India
6.3.3.4 ASEAN
6.3.3.5 Others
6.3.4 Latin America
6.3.4.1 Brazil
6.3.4.2 Argentina
6.3.4.3 Mexico
6.3.4.4 Others
6.3.5 Middle East and Africa
6.3.5.1 Saudi Arabia
6.3.5.2 United Arab Emirates
6.3.5.3 Nigeria
6.3.5.4 South Africa
6.3.5.5 Others
6.4 Figure: Global Freight Forwarding Historical Market (2015-2019) & Forecast (2020-2025)
6.5 Chart: Global Freight Forwarding Market Breakup by Region:
6.5.1 North America
6.5.2 Europe
6.5.3 Asia Pacific
6.5.4 Latin America
6.5.5 Middle East and Africa
6.6 Figure: Global Freight Forwarding Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 Latin America
6.6.5 Middle East and Africa
7 Value Chain Analysis
7.1 Third Party Logistics Industry
7.2 Freight Forwarding
7.3 Customs Brokerage
8 Cost Structure
8.1 Freight Forwarding
8.2 Ocean Freight Customs Brokerage
8.3 Air Freight Customs Brokerage
8.4 Reverse Logistics Services
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Porter’s Five Forces Analysis
10.1 Overview
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
10.6 Substitutes
11 EMR’s Key Indicators for Demand
12 EMR’s Key Indicators for Price
13 Competitive Landscape & Supplier Analysis
13.1 DHL Global Forwarding
13.1.1 Company Overview
13.1.2 Financial Analysis
13.2 Kuehne + Nagel International AG
13.2.1 Company Overview
13.2.2 Financial Analysis
13.3 DB Schenker
13.3.1 Company Overview
13.3.2 Financial Analysis
13.4 DSV A/S
13.4.1 Company Overview
13.4.2 Financial Analysis
13.5 Sinotrans Changhang Group
13.5.1 Company Overview
13.5.2 Financial Analysis
13.6 Panalpina
13.6.1 Company Overview
13.6.2 Financial Analysis
13.7 Nippon Express Co., Ltd.
13.7.1 Company Overview
13.7.2 Financial Analysis
13.8 Expeditors
13.8.1 Company Overview
13.8.2 Financial Analysis
13.9 UPS Supply Chain Solutions Inc
13.9.1 Company Overview
13.9.2 Financial Analysis
13.10 Hitachi Transport System
13.10.1 Company Overview
13.10.2 Financial Analysis
13.11 C.H. Robinson
13.11.1 Company Overview
13.11.2 Financial Analysis
13.12 Hellmann Worldwide Logistics SE & Co. KG
13.12.1 Company Overview
13.12.2 Financial Analysis
13.13 Bolloré Logistics
13.13.1 Company Overview
13.13.2 Financial Analysis
13.14 CEVA Logistics
13.14.1 Company Overview
13.14.2 Financial Analysis
13.15 Yusen Logistics Co., Ltd.
13.15.1 Company Overview
13.15.2 Financial Analysis
14 Events and Developments
The global third-party logistics (3PL) market attained a value of USD 910.4 billion in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 5.25%. The market is projected to reach USD 1237.6 billion by 2025.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The major regional markets for the service are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with the Asia Pacific, North America, and Europe accounting for 85% of the market. The key players in the above industry 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.
The major drivers of the industry such as rising disposable incomes, increasing population, rising e-commerce activities, growing retail sector, technological innovations, and favourable government policies are driving the growth of the market globally. 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 industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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