Third Party Logistics (3PL) Market to Experience Rapid Growth Due to Increased Demand for Outsourcing Logistics in the Global Industry

A Third Party Logistics (3PL) is a partner or service that assists manufacturers specially ecommerce merchants to outsource activities related to logistics and distribution. A Third Party Logistics company provides specialized services such as inventory management, cross-docking, door-to-door delivery, and packaging of products. This, in turn, aids enterprises in providing a better customer experience, ensuring scalability, mitigating the risks of product damages, promoting business growth and market expansion, and enabling the completion of core business operations. Furthermore, the Third Party Logistics model delivers greater asset utilization and asset sharing alliances, which increases its demand, and contributes toward the growth of the 3PL market. At present, Third Party Logistics is commercially available in varying transportation modes and service types, including dedicated contract carriage (DCC), domestic and international transportation management.

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The global Third Party Logistics (3PL) market size is estimated to be worth US$ 940110 million in 2022 and is forecast to a readjusted size of USD 1480130 million by 2030 with a CAGR of 6.7% during review period. The factors such as increase in trading activities due to globalization, growth in manufacturing industry, and development of the e-commerce industry supplement the growth of the Third Party Logistics (3PL) market. However, lack of control of manufacturers on logistics service and poor infrastructure and higher logistics costs are the factors expected to hamper the growth of the market. In addition, surge in use of IT solutions & software and rising demand for consumer electronics creates market opportunities for the key players operating in the market.

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Profitable players of the Third Party Logistics (3PL) market are:

• AmeriCold Logistics LLC
• DHL Supply Chain
• FedEx
• Nippon Express Co., Ltd
• UPS Supply Chain Solutions

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Product types of the Third Party Logistics (3PL) industry are:

• Transportation
• Warehouse/Distribution
• Forwarder
• Shipper/Management
• Financial
• Information

Applications of this report are:

• Air
• Sea
• Rail & Road

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Essential regions of the Third Party Logistics (3PL) market are:

• Third Party Logistics (3PL) North America Market includes (Canada, Mexico, USA)
• Third Party Logistics (3PL) Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
• Third Party Logistics (3PL) Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
• Third Party Logistics (3PL) South America Market includes (Brazil, Argentina)

Global Third Party Logistics (3PL) Market Research FAQs

• What is the study period of this market?
• What is the growth rate of Third Party Logistics (3PL) Market?
• What is Third Party Logistics (3PL) Market size?
• Which region has highest growth rate in Third Party Logistics (3PL) Market?
• Which region has largest share in Third Party Logistics (3PL) Market?
• Who are the key players in Third Party Logistics (3PL) Market?

The Third Party Logistics (3PL) market research report contains the following TOC:
1 Report Overview
1.1 Study Scope
2 Global Growth Trends
2.1 Global Third Party Logistics (3PL) Market Perspective (2017-2030)
2.2 Growth Trends by Regions
2.3 Global Industry Dynamic
3 Competition Landscape by Key Players
3.1 Global Top Players by Revenue
3.2 Global Third Party Logistics (3PL) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.3 Players Covered: Ranking by Third Party Logistics (3PL) Revenue
4 Global Breakdown Data by Provider
4.1 Historic Third Party Logistics (3PL) Market Size by Provider (2017-2023)
4.2 Forecasted Third Party Logistics (3PL) Market Size by Provider (2023-2030)
5 Breakdown Data by End User
5.1 Historic Third Party Logistics (3PL) Market Size by End User (2017-2023)
5.2 Forecasted Third Party Logistics (3PL) Market Size by End User (2023-2030)
6 North America
7 Europe
8 Asia-Pacific
9 Latin America
10 Middle East and Africa
11 Key Players Profiles
12 Analyst's Viewpoints/Conclusions
13 Appendix…

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