Third-Party Logistics Market Growth, Size, Trends, Scope, Revenue, Challenges and Future Outlook
Third-Party Logistics Market Size- By Services, By Transportation, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Mar-2023 | Report ID: AMIN2356 | Pages: 1 - 236 | Formats*: |
| Category : Automotive & Transportation | |||
Third-Party Logistics Market Introduction and Overview
According to SPER Market Research, the Global Third-Party Logistics Market is estimated to reach USD 2431.83 billion by 2032 with a CAGR of 8.85%.
The report includes an in-depth analysis of the Global Third-Party Logistics Market, including market size and trends, product mix, end users, and supplier analysis. Third-party logistics, commonly known as 3PL, is a concept that entails employing other companies to assist with the management of goods movement. Assume you own a small company that sells things. You must ensure that those things arrive on time and in acceptable shape. Taking care of all logistics, such as transportation, warehousing, and distribution, however, can be hard and time-consuming. Third-party logistics services can help with this. You can employ professional organizations to undertake these duties for you. They have the knowledge, resources, and experience to manage the flow of products from the manufacturer to the client efficiently.
- Globalization: As business and commercial operations become more globalized, organizations are expanding their reach into new markets and locations. To navigate complex worldwide networks, this expansion necessitates efficient supply chain management and logistical skills. 3PL suppliers provide the knowledge and infrastructure required to support worldwide trade, making them a crucial partner for enterprises developing globally.
- Supply Chain Complexity: Due to variables such as diverse suppliers, worldwide sourcing, just-in-time manufacturing, and consumer expectations for quick delivery, modern supply networks have become increasingly complex. Managing these complexity necessitates the use of specialist knowledge and resources. 3PL suppliers provide end-to-end supply chain solutions, which include integrating various components, optimizing inventory levels, and enhancing supply chain visibility, resulting in simpler operations and more customer satisfaction.
Market Opportunities and Challenges
The market for third-party logistics (3PL) provides numerous opportunities for both service providers and organizations. One significant potential is the continued expansion of e-commerce. As more people purchase online, there is a greater demand for efficient and dependable logistics services to handle order fulfillment, inventory management, and last-mile delivery. 3PL providers can profit from this trend by providing specialist e-commerce logistics solutions that assist firms in navigating the difficulties of the digital marketplace. Another opportunity is the growing use of modern technologies. With the rise of cloud computing, artificial intelligence, and the Internet of Things (IoT), 3PL providers now have a huge opportunity to use these technologies to enhance their operations.
The third-party logistics (3PL) market faces several challenges that can impact its operations and growth. One key challenge is the increasing complexity of supply chains. As supply chains become more globalized and interconnected, managing multiple suppliers, transportation modes, and regulatory requirements can be daunting. 3PL providers need to constantly adapt and develop expertise in navigating complex supply chain networks to ensure seamless operations and meet customer expectations.
Market Competitive Landscape
The third-party logistics (3PL) market's competitive landscape is characterized by fierce competition among diverse companies. Companies in the industry include worldwide logistical behemoths, regional suppliers, smaller operators, and even technology-driven startups. This competitive climate provides organizations with a plethora of options when it comes to picking a 3PL supplier. Global logistics corporations such as DHL, UPS, FedEx, and DB Schenker have a large market presence.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Services, By Transportation, By End User. |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | C.H. Robinson Worldwide, Inc., DB Schenker, DHL International GMBH, FedEx Corporation, KUEHNE+NAGEL Inc., Maersk, Nippon Express, Panalpina World Transport Ltd., Union Pacific Railroad, United Parcel Service. |
COVID-19 Impact on Global Third-Party Logistics Market
The pandemic has disrupted 3PL providers' normal operations and faced them with additional challenges. As a result of COVID-19, global supply chains have been disrupted, having a significant impact on the 3PL sector. Lockdowns, travel restrictions, and border closures have caused delays and capacity limits in transportation and logistics networks. The necessity for enterprises to find more cost-effective ways to convey their goods has increased demand for 3PL services. Nonetheless, the pandemic has created changes in the supply chain and changes in consumer behavior, both of which have affected demand for specific types of logistics services.
Key Target Audience:
- Natural Gas Suppliers
- Industrial and Commercial Users
- Remote and Off-grid Locations
- Energy Utilities
- Renewable Energy Integration
Our in-depth analysis of the Third-Party Logistics Market includes the following segments:
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Key Topics Covered in the Report:
- Global Third-Party Logistics Market Size (FY’2022-FY’2032)
- Overview of Global Third-Party Logistics Market
- Segmentation of Global Third-Party Logistics Market By Services (Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing & Distribution (W&D), Value Added Logistics Services (VALs))
- Segmentation of Global Third-Party Logistics Market By Transportation (Roadways, Railways, Waterways)
- Segmentation of Global Third-Party Logistics Market By End User (Manufacturing, Retail, Healthcare, Automotive, Others)
- Statistical Snap of Global Third-Party Logistics Market
- Expansion Analysis of Global Third-Party Logistics Market
- Problems and Obstacles in Global Third-Party Logistics Market
- Competitive Landscape in the Global Third-Party Logistics Market
- Effects of COVID-19 and demonetization on Global Third-Party Logistics Market
- Details on Current Investment in Global Third-Party Logistics Market
- Competitive Landscape of Global Third-Party Logistics Market
- Prominent Players in the Global Third-Party Logistics Market
- SWOT Analysis of Global Third-Party Logistics Market
- Global Third-Party Logistics Market Future Outlook and Projections (FY’2022-FY’2032)
- 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 Global Third-Party Logistics Market
5. Market variables 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 forces analysis5.3.1 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 Global Third-Party Logistics Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Third-Party Logistics Market
7. Global Third-Party Logistics Market, By Services, 2019-2032 (USD Million)
7.1 Dedicated Contract Carriage (DCC)/Freight forwarding7.2 Domestic Transportation Management (DTM)7.3 International Transportation Management (ITM)7.4 Value Added Logistics Services (VALs)7.5 Warehousing & Distribution (W&D )
8. Global Third-Party Logistics Market, By Transportation, 2019-2032 (USD Million)
8.1 Railways8.2 Roadways8.3 Waterways
9. Global Third-Party Logistics Market, By End User, 2019-2032 (USD Million)
9.1 Automotive9.2 Healthcare9.3 Manufacturing9.4 Retail9.5 Others
10. Global Third-Party Logistics Market, By Region, 2019-2032 (USD Million)
10.1 Global Third-Party Logistics Market Size and Market Share by Region (2019-2025)10.2 Global Third-Party Logistics Market Size and Market Share by Region (2026-2032)10.3 Asia-Pacific10.3.1 Australia10.3.2 China10.3.3 India10.3.4 Japan10.3.5 South Korea10.3.6 Rest of Asia-Pacific10.4 Europe10.4.1 France10.4.2 Germany10.4.3 Italy10.4.4 Spain10.4.5 United Kingdom10.4.6 Rest of Europe10.5 Middle East and Africa10.5.1 Kingdom of Saudi Arabia10.5.2 United Arab Emirates10.5.3 Rest of Middle East & Africa10.6 North America10.6.1 Canada10.6.2 Mexico10.6.3 United States10.7 Latin America10.7.1 Argentina10.7.2 Brazil10.7.3 Rest of Latin America
11. Company Profiles
11.1. C.H. Robinson Worldwide, Inc.11.1.1 Company details11.2.1 Financial outlook11.3.1 Product summary11.4.1 Recent developments11.2. DB Schenker,11.1.2 Company details11.2.2 Financial outlook11.3.2 Product summary11.4.2 Recent developments11.3. DHL International GMBH,11.1.3 Company details11.2.3 Financial outlook11.3.3 Product summary11.4.3 Recent developments11.4. FedEx Corporation11.1.4 Company details11.2.4 Financial outlook11.3.4 Product summary11.4.4 Recent developments11.5. KUEHNE+NAGEL Inc.11.1.5 Company details11.2.5 Financial outlook11.3.5 Product summary11.4.5 Recent developments11.6. Maersk11.1.6 Company details11.2.6 Financial outlook11.3.6 Product summary11.4.6 Recent developments11.7. Nippon Express,11.1.7 Company details11.2.7 Financial outlook11.3.7 Product summary11.4.7 Recent developments11.8. Panalpina World Transport Ltd.11.1.8 Company details11.2.8 Financial outlook11.3.8 Product summary11.4.8 Recent developments11.9. Union Pacific Railroad11.1.9 Company details11.2.9 Financial outlook11.3.9 Product summary11.4.9 Recent developments11.10. United Parcel Service11.1.10 Company details11.2.10 Financial outlook11.3.10 Product summary11.4.10 Recent developments
12.List of Abbreviations
13.Reference Links
14.Conclusion
15.Research Scope
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
Third-Party Logistics Market grew in market size from 2021. The Market is expected to reach USD 2431.83 billion by 2032, at a CAGR of 8.85% during the forecast period.
Third-Party Logistics Market CAGR of 8.85% during the forecast period.
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Third-Party Logistics Market size is USD 2431.83 billion from 2022 to 2032.
Third-Party Logistics Market Segment is Covered By Services, By Transportation, By End User.
The North America region is anticipated to have the highest market share in Third-Party Logistics Market.
The key players in the market include Companies Covered C.H. Robinson Worldwide, Inc., DB Schenker, DHL International GMBH, FedEx Corporation, KUEHNE+NAGEL Inc., Maersk, Nippon Express, Panalpina World Transport Ltd., Union Pacific Railroad, United Parcel Service.
Third-Party Logistics Market is projected to reach USD 2431.83 billion by 2032, growing at a CAGR of 8.85% during the forecast period.
The growing complexity of supply chains, the need for cost optimization, and the adoption of cutting-edge technologies like blockchain and artificial intelligence are all projected to fuel the growth of the 3PL industry in the upcoming years.
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