United States Third-Party Logistics (3PL) Market Report and Forecast 2024-2032

United States Third-Party Logistics (3PL) Market Size

The United States third-party logistics (3PL) market reached approximately USD 353.57 billion in 2023. The market is projected to grow at a CAGR of 5.20% between 2024 and 2032, reaching a value of USD 560.63 billion by 2032.

United States Third-Party Logistics (3PL) Market Outlook

• The non-asset-based domestic transportation management segment (DTM) witnessed a net revenue growth of 33.8%, to USD 26.4 billion in 2021.

• In 2023, the e-commerce sales in the United States reached USD 1.12 trillion.

• The United States has about 50% of all the eCommerce stores worldwide.

United States Third-Party Logistics (3PL) Market Growth

The United States has the presence of a substantial 3PL market. The 3PL market has witnessed significant inventory growth, and the companies can efficiently lower purchased transportation costs while also fending off significant price concessions to shippers. The United States is witnessing growth in its e-commerce segment, driven by the increased convenience of purchase of goods and home delivery. Furthermore, the prominent internet penetration is a key factor contributing to the growth of the e-commerce sector.

The digitalisation of transactional truckload DTM/freight brokerage is continuing at a steady pace as more 3PLs in the country are designing interfaces to large shippers’ transportation management systems (TMS) for truckload spot-market rate quoting and mechanised/automated load tendering and booking. DTM gross profit margins in the United States have been improving, reversing a lower margin trend from 16.6% in the year 2019 to 14.2% in 2021. The growth in the DTM gross margin is a result of the shippers continuing to pay contracted or agreed rates to third-party logistics providers, whereas 3PLs in turn paid lower for spot-market truckload carrier capacity.

In 2023, the internet penetration in all of the USA reached 91.8%. The states with high internet access include New Hampshire, Utah, Connecticut, North Dakota, and Nevada. E-commerce is among the fastest growing sub-sectors in New York, with the city now home to 300+ startups.

United States Third-Party Logistics (3PL) Industry Segmentation

United States 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

• Dedicated Contract Carriage (DCC)

• Domestic Transportation Management (DTM)

• International Transportation Management (ITM)

• Warehousing and Distribution

• Value Added Logistic Services (VALs)

Market Breakup by Transport

• Railways

• Roadways

• Waterways

• Airways

Market Breakup by End Use

• Retail

• Healthcare

• Manufacturing

• Automotive

• Others

Market Breakup by Region

• New England

• Mideast

• Great Lakes

• Plains

• Southeast

• Southwest

• Rocky Mountain

• Far West

United States Third-Party Logistics (3PL) Market Share

Based on end use, the market is divided into retail, healthcare, manufacturing, and automotive, among others. The United States of America is expected to witness increased demand for healthcare logistics. This is supported by the increasing demand for pharmaceuticals, collaboration among medical institutes and logistics services providers, advanced technological capabilities, and favourable government regulations in the country.

Leading Companies in the United States Third-Party Logistics (3PL) Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and product launches.

• Deutsche Post AG (DHL)

• Schenker AG 

• CH Robinson Worldwide Inc.

• United Parcel Service, Inc.

• FedEx Corp.  

• Nippon Express Holdings Inc. 

• J B Hunt Transport Services Inc.  

• Kuehne + Nagel International AG  

• Ryder System Inc.  

• Hub Group Inc.  

• Others

The market players are investing in technologies to offer visibility and monitoring capabilities across the entire supply chain to facilitate tracking supply and demand for order planning, inventory management, transportation, and logistics planning.

Key Highlights of the Report