Canada Third Party Logistics (3PL) Market Growth, Size, Trends, Demand, Share and Future Outlook
Canada Third Party Logistics (3PL) Market Size- By Mode of Transport, By Services, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: AMIN24129 | Pages: 1 - 105 | Formats*: |
| Category : Automotive & Transportation | |||
Canada Third Party Logistics (3PL) Market Introduction and Overview
According to SPER Market Research, the Canada Third Party Logistics (3PL) Market is estimated to reach USD 32.34 billion by 2033 with a CAGR of 4.86%.
The report includes an in-depth analysis of the Canada Third Party Logistics (3PL) Market, including market size and trends, product mix, distribution channels, and supplier analysis. The practice of contracting out supply chain management and logistical tasks to outside service providers is known as third-party logistics, or 3PL. These suppliers are experts at providing all-inclusive solutions to businesses in need of support for their logistical operations. Businesses can concentrate on their core strengths and leave the complexity of logistics management to the professionals by forming a partnership with a 3PL provider. Third-party logistics companies may offer specialized services such product packing, door-to-door delivery, cross-docking, and inventory management.
- C.H. Robinson Worldwide, Inc. declared in September 2023 that a new 400,000 square foot warehouse would be opening. With its 700 trailer spaces and 154 dock entrances, the warehouse is fully furnished. Through this expansion, the business was able to increase its trading presence along the border with Mexico and diversify its supply chains, ensuring effective logistics and transportation along the Port of Laredo.
- In May 2022: Deutsche Post AG announced the opening of a new road freight logistics terminal in Sofia. This terminal served as a major hub for road freight services in eastern Europe, giving its customers in the Sofia region quick and simple access to logistics solutions. This allowed Deutsche Post AG to further expand its logistics capabilities.
- March 2020: To handle the distribution of parts in the UK via an integrated, digitally managed transportation network, XPO Logistics Inc. and Mercedes-Benz parts logistics have inked a long-term partnership agreement. The third-party logistics business now has even more growth opportunities because to this alliance.
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Market Opportunities and Challenges
Opportunities: Three-party logistics (3PL) companies have an opportunity to offer integrated omnichannel logistics solutions due to the growing demands of consumers for seamless shopping experiences across numerous channels. In addition, there is a need for sustainable logistics solutions due to the growing awareness of environmental issues. By introducing green supply chain techniques and providing eco-friendly transportation solutions, 3PL suppliers can profit from this trend. Furthermore, the expansion of the pharmaceutical and food industries calls for the need for specialist cold chain logistics services. 3PL suppliers can meet this need by providing solutions for transportation and temperature-controlled storage.
Challenges: Nonetheless, the greatest risk to third-party logistics' expansion will be the harm done to its direct control over the logistics service and the potential loss of its reputation. On the other hand, cross-border transportation's high risks and lack of logistical management could pose a threat to the third-party logistics industry. The cost of hiring third-party logistics (3PL) providers to handle their logistical operations may deter some organizations, especially small and medium-sized enterprises with limited funding. Furthermore, while outsourcing logistical activities entails giving up some control over the supply chain, it may worry enterprises who prefer to have total visibility and control over their operations.
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Market Competitive Landscape
Canada Third Party Logistics (3PL) market has a moderate level of consolidation. Mactrans Logistics, CEVA Logistics, TSI Group, DSV, Polaris Worldwide Logistics, Kuehne + Nagel, DHL Supply Chain, DB Schenker, and Ryder Supply Chain Solutions* are a few of the major players in the market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Mode of Transport, By Services, By End User |
| Regions covered | Ontario, Quebec, Alberta, British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Newfoundland & Labrador |
| Companies Covered | Mactrans Logistics, CEVA Logistics, TSI Group, DSV, Polaris Worldwide Logistics, Kuehne + Nagel, DHL Supply Chain, DB Schenker, Ryder Supply Chain Solutions. |
COVID-19 Impact on Canada Third Party Logistics (3PL) Market
The Canadian 3PL market was significantly impacted by the COVID-19 pandemic. Certain industries, like e-commerce and necessities, saw a rise in demand, while other industries, like retail for non-essentials and automobiles, saw difficulties. The epidemic brought to light the significance of robust and flexible supply chains, prompting businesses to review their logistics plans and look for trustworthy third-party logistics partners. Furthermore, the importance of health and safety procedures in transportation and warehousing operations led to a greater emphasis on contactless delivery choices and staff well-being.
Key Target Audience:
- E-commerce business
- Freight forwarders
- Manufacturers
- Retailers
- Supply chain management firms
- Transportation companies
- Wholesalers
Our in-depth analysis of the Canada Third Party Logistics (3PL) Market includes the following segments:
| By Mode of Transport: |
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| By Services: |
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| By End User: |
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Key Topics Covered in the Report:
- Canada Third Party Logistics (3PL) Market Size (FY’2024-FY’2033)
- Overview of Canada Third Party Logistics (3PL) Market
- Segmentation of Canada Third Party Logistics (3PL) Market By Mode of Transport (Railways, Roadways, Waterways, Airways)
- Segmentation of Canada Third Party Logistics (3PL) Market By Services (Domestic Transportation Management, International Transportation Management, Dedicated Contract Carriage, Warehousing and Distribution)
- Segmentation of Canada Third Party Logistics (3PL) Market By End User (Automotive, Consumer & Retail, Energy, Healthcare, Industrial & Aerospace, Technology, Others)
- Expansion Analysis of Canada Third Party Logistics (3PL) Market
- Problems and Obstacles in Canada Third Party Logistics (3PL) Market
- Competitive Landscape in the Canada Third Party Logistics (3PL) Market
- Impact of COVID-19 and Demonetization on Canada Third Party Logistics (3PL) Market
- Details on Current Investment in Canada Third Party Logistics (3PL) Market
- Competitive Analysis of Canada Third Party Logistics (3PL) Market
- Prominent Players in the Canada Third Party Logistics (3PL) Market
- SWOT Analysis of Canada Third Party Logistics (3PL) Market
- Canada Third Party Logistics (3PL) Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Canada Third Party Logistics (3PL) Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Canada Third Party Logistics (3PL) Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Canada Third Party Logistics (3PL) Market
7. Canada Third Party Logistics (3PL) Market, By Mode of Transport (USD Million) 2020-2033
7.1. Canada Third Party Logistics (3PL) Market Size, Share and Forecast, By Mode of Transport, 2020-20267.2. Canada Third Party Logistics (3PL) Market Size, Share and Forecast, By Mode of Transport, 2027-20337.3. Railways7.4. Roadways7.5. Waterways7.6. Airways
8. Canada Third Party Logistics (3PL) Market, By Services (USD Million) 2020-2033
8.1. Canada Third Party Logistics (3PL) Market Size, Share and Forecast, By Services, 2020-20268.2. Canada Third Party Logistics (3PL) Market Size, Share and Forecast, By Services, 2027-20338.3. Domestic Transportation Management (DTM)8.4. International Transportation Management (ITM)8.5. Dedicated Contract Carriage (DCC)8.6. Warehousing and Distribution (W& D)
9. Canada Third Party Logistics (3PL) Market, By End User (USD Million) 2020-2033
9.1. Canada Third Party Logistics (3PL) Market Size, Share and Forecast, By End User, 2020-20269.2. Canada Third Party Logistics (3PL) Market Size, Share and Forecast, By End User, 2027-20339.3. Automotive9.4. Consumer & Retail9.5. Energy9.6. Healthcare9.7. Industrial & Aerospace9.8. Technology9.9. Others
10. Canada Third Party Logistics (3PL) Market Forecast, 2020-2033 (USD Million)
10.1. Canada Third Party Logistics (3PL) Market Size and Market Share
11.1. Canada Third Party Logistics (3PL) Market Size and Market Share By Region (2020-2026)11.2. Canada Third Party Logistics (3PL) Market Size and Market Share By Region (2027-2033)11.3. Ontario11.4. Quebec11.5. Alberta11.6. British Columbia11.7. Saskatchewan11.8. Manitoba11.9. New Brunswick11.10. Nova Scotia11.11. Newfoundland & Labrador
12. Company Profile
12.1. Mactrans Logistics12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. CEVA Logistics12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. TSI Group12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. DSV12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Polaris Worldwide Logistics12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.6. Kuehne + Nagel12.5.4. Recent developments12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. DHL Supply Chain12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. DB Schenker12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary
12.8.4. Recent developments
12.9. Ryder Supply Chain Solutions*12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Canada Third Party Logistics (3PL) Market is projected to reach USD 32.34 billion by 2033, growing at a CAGR of 4.86% during the forecast period.
Canada Third Party Logistics (3PL) Market size from 2022. The Market is expected to reach USD 32.34 billion by 2033, at a CAGR of 4.86% during the forecast period.
Canada Third Party Logistics (3PL) Market CAGR of 4.86% during the forecast period.
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Canada Third Party Logistics (3PL) Market size is 32.34 billion from 2024 to 2033.
Canada Third Party Logistics (3PL) Market Segment is covered By Mode of Transport, By Services, By End User.
The North America anticipated to have the highest market share in the Canada Third Party Logistics (3PL) Market .
The key players in the market include Companies Covered Mactrans Logistics, CEVA Logistics, TSI Group, DSV, Polaris Worldwide Logistics, Kuehne + Nagel, DHL Supply Chain, DB Schenker, Ryder Supply Chain Solutions..
Third-party logistics companies may offer specialized services such product packing, door-to-door delivery, cross-docking, and inventory management.
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