North America Third Party Logistics Market Introduction and Overview
According to SPER Market Research, the North America Third Party Logistics Market is estimated to reach USD 518.59 billion by 2033 with a CAGR of 6.43%.
The report includes an in-depth analysis of the North America Third Party Logistics Market, including market size and trends, product mix, applications, and supplier analysis. Logistics and distribution-related tasks can be outsourced by manufacturers, particularly e-commerce merchants, with the help of third-party logistics partners or services. Services including inventory management, door-to-door delivery, cross-docking, and product packing are offered by a third-party logistics business. Consequently, this helps businesses better serve their customers, guarantee scalability, reduce the danger of product damage, foster corporate growth and market expansion, and make it possible to finish vital business processes. More asset utilisation and asset sharing alliances are also provided by the third-party logistics model, which raises demand and aids in market expansion.
- A.P. Moller-Maersk bought Martin Bencher Group in January 2023, a project logistics specialist with a high level of reliability, a proven track record, and a strong focus on Health, Safety, Security, and the Environment (HSSE). Martin Bencher is a competent project specialist with a global reach, specializing in innovative, technical solutions for transporting big freight to locations all over the world.
Market Opportunities and Challenges
Opportunities: Demand swings exist in every market to some extent, and manufacturers must adjust accordingly. Services from Third-Party Logistics (3PL) offer efficient product warehousing and inventory management. Manufacturing organisations can control their operations without worrying about how to properly store their manufactured goods, thanks to the solutions provided by these companies. In order to help the business, expand the availability of its products throughout the markets, Third-Party Logistics also strives to keep a supply of its products in each of the market's distinct regions. Manufacturers can have their products distributed, shipped, and stored via third-party logistics.
Challenges: Operators in charge of third-party logistics pick up packages from production plants and start the process of delivering and managing the inventory of these goods in accordance with how each region needs them. Nevertheless, product supply chain management is often out of the makers' hands. Utilising third-party logistics services may be prohibited for some manufacturers due to the way an unidentified third-party supplier interacts with the company's products. Reducing the hold and control on the shipments in transit is another challenge the manufacturer has while trying to track the delivery process.
Market Competitive Landscape
The requirement for efficiency, scalability, and smart logistics solutions to meet changing customer needs is what drives this competitive market. The key players of this market are C.H. Robinson, Cma Cgm Sa, Db Schenker, Fedex Corporation, J.B. Hunt Transport Services, Inc, Kumho Petrochemical Co, Ltd, Maersk Logistics, Nippon Express Co, Ltd, Rhenus Group, Sinotrans Logistics Company, Tsrc Corporation, and Others.
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
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| Regions covered | U.S., Canada, Mexico Rest of North America
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| Companies Covered | C.H. Robinson, Cma Cgm Sa, Db Schenker, Fedex Corporation, J.B. Hunt Transport Services, Inc, Kumho Petrochemical Co, Ltd, Maersk Logistics, Nippon Express Co, Ltd, Rhenus Group, Sinotrans Logistics Company, Tsrc Corporation.
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COVID-19 Impact on North America Third Party Logistics Market
The third-party logistics market in North America was greatly affected by the COVID-19 outbreak, presenting both opportunities and challenges. The need for logistics services rose due to changes in consumer behaviour and the rise in e-commerce, especially for last-mile delivery and fulfilment. But the epidemic also put a burden on supply chains, which led to hiccups in warehousing and shipping due to lockdowns, manpower shortages, and health and safety regulations. In order to improve efficiency and resilience, businesses had to immediately react by integrating cutting-edge technology like automation and real-time tracking. The pandemic hastened the digital transformation of logistics operations despite early hiccups, emphasising the vital role 3PL providers play in preserving supply chain continuity in times of emergency.
Key Target Audience:
- Retail and E-commerce Companies
- Manufacturing Firms
- Automotive Industry
- Healthcare Organizations
- Food and Beverage Companies
- Technology Sector
- Pharmaceuticals
- Consumer Goods Companies
- Aerospace and Defence Industry
- Energy and Utility Companies
Our in-depth analysis of the North America Third Party Logistics Market includes the following segments:
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By Mode of Transport:
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Roadways
Railways
Waterways
Airways
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By Services:
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Domestic Transportation Management (DTM)
International Transportation Management (ITM)
Dedicated Contract Carriage (DCC)
Warehousing and Distribution (W&D)
Value-Added Logistics Services (VALS)
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By End User:
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Manufacturing
Healthcare
Retailing
E-commerce
Automotive
Food and Groceries
Technological
Others
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Key Topics Covered in the Report- North America Third Party Logistics Market Size (FY’2024-FY’2033)
- Overview of North America Third Party Logistics Market
- Segmentation of North America Third Party Logistics Market By Mode of Transport (Roadways, Railways, Waterways, Airways)
- Segmentation of North America Third Party Logistics Market By Services (Domestic Transportation Management(DTM), International Transportation Management(ITM), Dedicated Contract Carriage(DCC), Warehousing and Distribution(W&D), Value-Added Logistics By Services(VALS))
- Segmentation of North America Third Party Logistics Market By End User (Manufacturing, Healthcare, Retailing, E-commerce, Automotive, Food and Groceries, Technological, Others)
- Statistical Snap of North America Third Party Logistics Market
- Expansion Analysis of North America Third Party Logistics Market
- Problems and Obstacles in North America Third Party Logistics Market
- Competitive Landscape in the North America Third Party Logistics Market
- Impact of COVID-19 and Demonetization on North America Third Party Logistics Market
- Details on Current Investment in North America Third Party Logistics Market
- Competitive Analysis of North America Third Party Logistics Market
- Prominent Players in the North America Third Party Logistics Market
- SWOT Analysis of North America Third Party Logistics Market
- North America Third Party Logistics Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the North America Third Party Logistics Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Third Party Logistics Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Third Party Logistics Market
7. North America Third Party Logistics Market, By Mode of Transport (USD Million) 2020-2033
7.1. North America Third Party Logistics Market Size, Share and Forecast, By Mode of Transport, 2020-2026
7.2. North America Third Party Logistics Market Size, Share and Forecast, By Mode of Transport, 2027-2033
7.3. Roadways
7.4. Railways
7.5. Waterways
7.6. Airways
8. North America Third Party Logistics Market, By Services (USD Million) 2020-2033
8.1. North America Third Party Logistics Market Size, Share and Forecast, By Services, 2020-2026
8.2. North America Third Party Logistics Market Size, Share and Forecast, By Services, 2027-2033
8.3. Domestic Transportation Management (DTM)
8.4. International Transportation Management (ITM)
8.5. Dedicated Contract Carriage (DCC)
8.6. Warehousing and Distribution (W&D)
8.7. Value-Added Logistics Services (VALS)
9. North America Third Party Logistics Market, By End User (USD Million) 2020-2033
9.1. North America Third Party Logistics Market Size, Share and Forecast, By End User, 2020-2026
9.2. North America Third Party Logistics Market Size, Share and Forecast, By End User, 2027-2033
9.3. Manufacturing
9.4. Healthcare
9.5. Retailing
9.6. E-commerce
9.7. Automotive
9.8. Food and Groceries
9.9. Technological
9.10. Others
10. North America Third Party Logistics Market Forecast, 2020-2033 (USD Million)
10.1. North America Third Party Logistics Market Size and Market Share
11. North America Third Party Logistics Market, By Region, 2020-2033 (USD Million)
11.1. North America Third Party Logistics Market Size and Market Share By Region (2020-2026)
11.2. North America Third Party Logistics Market Size and Market Share By Region (2027-2033)
11.3. U.S.
11.4. Canada
11.5. Mexico
11.6. Rest of North America
12. Company Profile
12.1. C.H. ROBINSON
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. CMA CGM SA
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. DB SCHENKER
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. FEDEX CORPORATION
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. J.B. HUNT TRANSPORT SERVICES, INC.
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. KUMHO PETROCHEMICAL CO., LTD.
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. MAERSK LOGISTICS
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. NIPPON EXPRESS CO., LTD.
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. RHENUS GROUP
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. SINOTRANS LOGISTICS COMPANY
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. TSRC CORPORATION
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12. 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.
