Market Overview:
The global third party logistics (3PL) market is expected to grow from USD 551.5 billion in 2018 to USD 864.8 billion by 2030, at a CAGR of 6.0% from 2018 to 2030. The growth of the 3PL market can be attributed to the increase in demand for customized and integrated logistics solutions across different industries and regions. The transportation segment is expected to account for the largest share of the 3PL market in 2018, followed by warehouse/distribution and forwarder segments.
 Industry Outlook.svg)
Product Definition:
Third Party Logistics is the process of outsourcing specific logistics functions to a specialized provider (3PL). 3PLs provide value-added services that include transportation management, warehousing, order fulfillment, and inventory management.
The use of a 3PL can improve a company's supply chain efficiency by allowing it to focus on its core business while leaving the logistics functions to specialists. In addition, using a 3PL can help reduce costs and improve service levels.
Transportation:
Transportation is an important factor in the 3PL industry. It helps companies to move goods from one place to another with least possible wastage and maximum profit. Factors such as reduction of cost, time and fuel consumption along with compliance of regulations are responsible for market growth. The transportation service providers have their own fleet which they can utilize for transportation services or they can use the customer's fleet by paying them a handling charge (transportation tariff).
Warehouse/Distribution:
Warehouse/Distribution is the part of third-party logistics (3PL) that deals with storage and distribution of products from manufacturer to retail stores or customer. It includes transportation, handling, inventory control, and monitoring of products throughout the supply chain. The 3PL service helps retailers to reduce lead time for delivering goods while increasing profitability through efficient order fulfillment process.
Application Insights:
The air application segment led the market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for cost-efficient transportation solutions that reduce carbon emissions and fuel consumption, coupled with an increase in e-commerce activities across the globe. As per UPS, approximately 40% of its fleet consists of electric aircraft that fly between major cities on short routes avoiding long distance travel thereby reducing fuel consumption by 50%. Such trends are expected to drive demand for 3PL services further driving industry growth over the coming years.
3PLs offer various benefits including flexibility, economies of scale, and regional distribution channels which have resulted in their increased penetration across all modes of transport including air, sea, road and rail among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing trade activities across emerging economies, such as China and India. In addition, rising investments in infrastructure development by various governments are anticipated to drive demand for third-party logistics services in APAC. For instance, according to a white paper on China’s Outbound Tourism Development Strategy (OTDS), published by the State Council Information Office of China in 2015, outbound tourism has been recognized as a strategic sector with important significance for economic growth and social progress of modern Chinese people.
Growth Factors:
- Increasing demand for outsourced logistics services from small and medium-sized businesses (SMBs)
- Rising need for cost-effective and efficient supply chain solutions amid global competition
- Proliferation of ecommerce and the growth of last mile delivery services
- Emergence of new technologies and innovative platforms that improve the efficiency of 3PL operations
- Growing trend of consolidation among 3PL providers
Scope Of The Report
Report Attributes
Report Details
Report Title
Third Party Logistics (3PL) Market Research Report
By Type
Transportation, Warehouse/Distribution, Forwarder, Shipper/Management, Financial, Information
By Application
Air, Sea, Rail & Road
By Companies
AmeriCold Logistics LLC, DHL Supply Chain, FedEx, Nippon Express Co., Ltd, UPS Supply Chain Solutions
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Third Party Logistics (3PL) Market Report Segments:
The global Third Party Logistics (3PL) market is segmented on the basis of:
Types
Transportation, Warehouse/Distribution, Forwarder, Shipper/Management, Financial, Information
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Air, Sea, Rail & Road
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AmeriCold Logistics LLC
- DHL Supply Chain
- FedEx
- Nippon Express Co., Ltd
- UPS Supply Chain Solutions
 Market Overview.svg)
Highlights of The Third Party Logistics (3PL) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Transportation
- Warehouse/Distribution
- Forwarder
- Shipper/Management
- Financial
- Information
- By Application:
- Air
- Sea
- Rail & Road
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Third Party Logistics (3PL) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Third Party Logistics is a term used to describe the process of contracting with a third-party logistics provider to manage the transportation and delivery of goods or services.
Some of the key players operating in the third party logistics (3pl) market are AmeriCold Logistics LLC, DHL Supply Chain, FedEx, Nippon Express Co., Ltd, UPS Supply Chain Solutions.
The third party logistics (3pl) market is expected to grow at a compound annual growth rate of 6%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Third Party Logistics (3PL) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Third Party Logistics (3PL) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Third Party Logistics (3PL) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Third Party Logistics (3PL) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Third Party Logistics (3PL) Market Size & Forecast, 2020-2028
4.5.1 Third Party Logistics (3PL) Market Size and Y-o-Y Growth
4.5.2 Third Party Logistics (3PL) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Transportation
5.2.2 Warehouse/Distribution
5.2.3 Forwarder
5.2.4 Shipper/Management
5.2.5 Financial
5.2.6 Information
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Air
6.2.2 Sea
6.2.3 Rail & Road
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Third Party Logistics (3PL) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Third Party Logistics (3PL) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Transportation
9.6.2 Warehouse/Distribution
9.6.3 Forwarder
9.6.4 Shipper/Management
9.6.5 Financial
9.6.6 Information
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Air
9.10.2 Sea
9.10.3 Rail & Road
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Transportation
10.6.2 Warehouse/Distribution
10.6.3 Forwarder
10.6.4 Shipper/Management
10.6.5 Financial
10.6.6 Information
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Air
10.10.2 Sea
10.10.3 Rail & Road
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Transportation
11.6.2 Warehouse/Distribution
11.6.3 Forwarder
11.6.4 Shipper/Management
11.6.5 Financial
11.6.6 Information
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Air
11.10.2 Sea
11.10.3 Rail & Road
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Transportation
12.6.2 Warehouse/Distribution
12.6.3 Forwarder
12.6.4 Shipper/Management
12.6.5 Financial
12.6.6 Information
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Air
12.10.2 Sea
12.10.3 Rail & Road
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Transportation
13.6.2 Warehouse/Distribution
13.6.3 Forwarder
13.6.4 Shipper/Management
13.6.5 Financial
13.6.6 Information
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Air
13.10.2 Sea
13.10.3 Rail & Road
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Third Party Logistics (3PL) Market: Competitive Dashboard
14.2 Global Third Party Logistics (3PL) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AmeriCold Logistics LLC
14.3.2 DHL Supply Chain
14.3.3 FedEx
14.3.4 Nippon Express Co., Ltd
14.3.5 UPS Supply Chain Solutions
