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.
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| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| 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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By Engine Type:
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Diesel Engine
Gas Turbine
Natural Engine
Propulsion Engine
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By Ship Type:
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Bulk Carriers
Chemical Tankers
Container Ship
Ferriers And Passenger Ships
Gas Carriers
General Cargo Ships
Oil Tankers
Support Vessel
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By Fuel Type:
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Heavy Fuel Oil
Intermediate Fuel Oil
LNG
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By Services:
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Dedicated Contract Carriage (DCC)/Freight forwarding
Domestic Transportation Management (DTM)
International Transportation Management (ITM)
Value Added Logistics Services (VALs)
Warehousing & Distribution (W&D )
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By Transportation:
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Railways
Roadways
Waterways
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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 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 Global Third-Party Logistics Market
5. Market variables 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 analysis
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 Global Third-Party Logistics Manufacturing Base Distribution, Sales Area, Product Type
6.2 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 forwarding
7.2 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 Railways
8.2 Roadways
8.3 Waterways
9. Global Third-Party Logistics Market, By End User, 2019-2032 (USD Million)
9.1 Automotive
9.2 Healthcare
9.3 Manufacturing
9.4 Retail
9.5 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-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11. Company Profiles
11.1. C.H. Robinson Worldwide, Inc.
11.1.1 Company details
11.2.1 Financial outlook
11.3.1 Product summary
11.4.1 Recent developments
11.2. DB Schenker,
11.1.2 Company details
11.2.2 Financial outlook
11.3.2 Product summary
11.4.2 Recent developments
11.3. DHL International GMBH,
11.1.3 Company details
11.2.3 Financial outlook
11.3.3 Product summary
11.4.3 Recent developments
11.4. FedEx Corporation
11.1.4 Company details
11.2.4 Financial outlook
11.3.4 Product summary
11.4.4 Recent developments
11.5. KUEHNE+NAGEL Inc.
11.1.5 Company details
11.2.5 Financial outlook
11.3.5 Product summary
11.4.5 Recent developments
11.6. Maersk
11.1.6 Company details
11.2.6 Financial outlook
11.3.6 Product summary
11.4.6 Recent developments
11.7. Nippon Express,
11.1.7 Company details
11.2.7 Financial outlook
11.3.7 Product summary
11.4.7 Recent developments
11.8. Panalpina World Transport Ltd.
11.1.8 Company details
11.2.8 Financial outlook
11.3.8 Product summary
11.4.8 Recent developments
11.9. Union Pacific Railroad
11.1.9 Company details
11.2.9 Financial outlook
11.3.9 Product summary
11.4.9 Recent developments
11.10. United Parcel Service
11.1.10 Company details
11.2.10 Financial outlook
11.3.10 Product summary
11.4.10 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.
