The Global Third-Party Logistics (3PL) Market was valued at US$ XX billion in 2021 and is predictable to reach US$ XX billion by 2030 which is projected to attain a CAGR of XX % during the forecast period from 2021 – 2030.
3PL, also referred as third-party logistics, serves for providing a full range of e-commerce services, including, order processing, shipping, warehousing, and receiving. In recent times, the 3PL services have become an essential supporting industry to services of e-commerce and others. Some of the 3PL market players also provide other services, including customization, customer support, and returns processing.
The rapid growth of the global e-commerce sector, the development of new technologies, and the development of logistics infrastructure across the globe such as North America, Asia, and Europe are the prime factors driving the global third-party logistics (3PL) market.
The 3PL also finds a significant share of the market in Asia-Pacific owing to the increasing consumer base and growing service sector. The increasing expectation by end-users for convenience, choice, control, and cost has catalyzed the global third-party logistics (3PL) to expand and grow. Moreover, the shift of focus from long waiting-time deliveries to on-demand services has also created a huge role for third-party logistics (3PL) to play, in the upcoming years.
The global third-party logistics (3PL) market is segmented into service, transport, end-user, and geography. By service, the global third-party logistics (3PL) market is bifurcated into Dedicated Contract Carriage (DCC)/Freight Forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing & Distribution (W&D), and Value-Added Logistics Services (VALs). The segment of Domestic Transportation Managements (DMT) is leading the segment owing to escalating carrier rates, a surge in cross-docking services, and rising fuel prices across the globe. By transport, the global third-party logistics (3PL) market is further segmented into roadways, railways, waterways, and airways, among others. Further, by end-user, it segments into manufacturing, retail, healthcare, automotive, and others.
Based on regional insights, the global third-party logistics (3PL) market is categorized into North America (US, Canada, Mexico, Rest of America), Asia Pacific (India, China, Rest of Asia Pacific), Europe (UK, Germany, Russia, Rest of Europe) and Rest of the world (Latin America and Middle East & Africa).
Asia-Pacific is leading the contemporary third-party logistics (3PL) market holding more than half of the generated revenue followed by North America and Europe owing to rapid market expansion in the region and growth of infrastructure development in countries including China, India, and Japan. Moreover, the increasing focus and emphasis on transportation practices and ongoing development of logistical infrastructure are projected to expand the wideness of the global third-party logistics party.
Segmentation and Scope of the Global Third-Party Logistics (3PL) Market
Rest of World
Middle East & Africa
Prominent players in the Global Third-Party Logistics (3PL) Market among other includes