All updated as on -
From 2023 to 2030, the worldwide third-party logistics market is anticipated to increase from 2022's valuation of USD 1,034.49 billion at a CAGR (compound annual growth rate) of 11.7%.
Increases in e-commerce and new technologies, as well as the maturation of transport logistics infrastructure in Asia and the Middle East, are anticipated to drive the expansion of this market. In an effort to streamline their processes and cut costs, shippers are increasingly turning to third-party transport providers. The need for effective inventory management services has grown in response to rising working capital and internationalization. Furthermore, the revamping of the traditional storefront business model has been a driving force in the sector's sustained expansion.
We have seen a negative demand shock in all regions during the COVID-19 epidemic, which is unexpected and shocking. Our research shows that worldwide sales increased by 1.50 percent in 2021. This market's demand and growth are responsible for the modest CAGR increase since they will go back to their pre-pandemic levels once the pandemic is gone.
In the business process known as "third party logistics service," companies contract with outside logistics service providers who specialize in operations like assembly services, warehousing, transportation, freight & forwarding, and other similar tasks. By lowering overall distribution and storage costs, third-party logistics allows for more adaptability. This is the standard operating procedure in the logistics sector, which allows customers to concentrate on what they do best.
Some logistics firms now provide value-added services such door-to-door delivery, cross-docking, product sourcing and manufacture, packaging, and inventory management in response to rising customer demand. One further thing that's helping the worldwide market expand is the fact that reputable logistics service providers offer specialized, industry-tailored third-party services.
Companies can now outsource their supply chain activities to concentrate on flexibility and responsiveness as the global supply chain evolves to become more customer-centric. In addition, the knowledge is required to manage the complicated supply chain activity in light of the ever-changing international paperwork procedure and customs norms & regulations. This has led to even smaller and medium-sized enterprises using 3PLs.The rise of e-commerce and the digital phenomena known as "The Amazon Effect" have altered shoppers' expectations and habits. Consumers have sky-high standards when it comes to efficacy, affordability, agency, and variety.
Companies have adopted a new business model to provide low-cost and on-demand delivery services in response to the increasing need for dependable, rapid, and free shipping services from omni-channel operations. Third-party logistics providers (3PLs) adapt their supply-chain management strategies to the many changes and difficulties posed by online retail. The third-party logistics providers are switching their attention from long-distance delivery to JIT delivery. The suppliers are consolidating their several warehouses into one central facility as well. Smaller trucks and vans, which can handle shorter and more frequent deliveries, are being purchased by businesses to suit the rise in last-mile delivery.
As globalization has progressed, so has commerce. In addition, the changing circumstances are anticipated to hasten the sector's development. The ever-changing nature of the market makes it difficult for manufacturers to monitor all of its moving parts, which is why third-party logistics providers (3PL) are becoming increasingly popular. The growth of international demand is another factor that should give the market a boost.
Due to the increasing complexity of international documentation and customs norms and regulations, small and medium-sized enterprises (SMEs) are increasingly turning to 3PL services to help them manage their supply chains. In addition, the rapid development of e-commerce has altered market dynamics, increasing the significance of 3PL and boosting the market size throughout the projection period.
Report Coverage
Global Third-party Logistics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Third-party Logistics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Third-party Logistics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Third-party Logistics market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Third-party Logistics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Third-party Logistics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BDP International, Burris Logistics, C.H. Robinson Worldwide, Inc., CEVA Logistics, DSV, DB Schenker Logistics, FedEx, J.B. Hunt Transport, Inc., Kuehne + Nagel, Nippon Express, United Parcel Service of America, Inc., XPO Logistics, Inc., Yusen Logistics Co. Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Third-party Logistics market based on the below-mentioned segments:
Global Third-party Logistics Market, By Service
Dedicated Contract Carriage (DCC)/Freight forwarding
Domestic Transportation Management (DTM)
International Transportation Management (ITM)
Warehousing &Distribution (W&D)
Value Added Logistics Services (VALs)
Global Third-party Logistics market, By Transport
Roadways
Railways
Waterways
Airways
Global Third-party Logistics Market, By End User
Manufacturing
Retail
Healthcare
Automotive
Others
Global Third-party Logistics market, Regional Analysis
Increases in e-commerce and new technologies, as well as the maturation of transport logistics infrastructure in Asia and the Middle East, are anticipated to drive the expansion of this market. In an effort to streamline their processes and cut costs, shippers are increasingly turning to third-party transport providers. The need for effective inventory management services has grown in response to rising working capital and internationalization. Furthermore, the revamping of the traditional storefront business model has been a driving force in the sector's sustained expansion.
We have seen a negative demand shock in all regions during the COVID-19 epidemic, which is unexpected and shocking. Our research shows that worldwide sales increased by 1.50 percent in 2021. This market's demand and growth are responsible for the modest CAGR increase since they will go back to their pre-pandemic levels once the pandemic is gone.
In the business process known as "third party logistics service," companies contract with outside logistics service providers who specialize in operations like assembly services, warehousing, transportation, freight & forwarding, and other similar tasks. By lowering overall distribution and storage costs, third-party logistics allows for more adaptability. This is the standard operating procedure in the logistics sector, which allows customers to concentrate on what they do best.
Some logistics firms now provide value-added services such door-to-door delivery, cross-docking, product sourcing and manufacture, packaging, and inventory management in response to rising customer demand. One further thing that's helping the worldwide market expand is the fact that reputable logistics service providers offer specialized, industry-tailored third-party services.
Companies can now outsource their supply chain activities to concentrate on flexibility and responsiveness as the global supply chain evolves to become more customer-centric. In addition, the knowledge is required to manage the complicated supply chain activity in light of the ever-changing international paperwork procedure and customs norms & regulations. This has led to even smaller and medium-sized enterprises using 3PLs.The rise of e-commerce and the digital phenomena known as "The Amazon Effect" have altered shoppers' expectations and habits. Consumers have sky-high standards when it comes to efficacy, affordability, agency, and variety.
Companies have adopted a new business model to provide low-cost and on-demand delivery services in response to the increasing need for dependable, rapid, and free shipping services from omni-channel operations. Third-party logistics providers (3PLs) adapt their supply-chain management strategies to the many changes and difficulties posed by online retail. The third-party logistics providers are switching their attention from long-distance delivery to JIT delivery. The suppliers are consolidating their several warehouses into one central facility as well. Smaller trucks and vans, which can handle shorter and more frequent deliveries, are being purchased by businesses to suit the rise in last-mile delivery.
As globalization has progressed, so has commerce. In addition, the changing circumstances are anticipated to hasten the sector's development. The ever-changing nature of the market makes it difficult for manufacturers to monitor all of its moving parts, which is why third-party logistics providers (3PL) are becoming increasingly popular. The growth of international demand is another factor that should give the market a boost.
Due to the increasing complexity of international documentation and customs norms and regulations, small and medium-sized enterprises (SMEs) are increasingly turning to 3PL services to help them manage their supply chains. In addition, the rapid development of e-commerce has altered market dynamics, increasing the significance of 3PL and boosting the market size throughout the projection period.
Report Coverage
Global Third-party Logistics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Third-party Logistics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Third-party Logistics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Third-party Logistics market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | BDP International, Burris Logistics, C.H. Robinson Worldwide, Inc., CEVA Logistics, DSV, DB Schenker Logistics, FedEx, J.B. Hunt Transport, Inc., Kuehne + Nagel, Nippon Express, United Parcel Service of America, Inc., XPO Logistics, Inc., Yusen Logistics Co. Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Third-party Logistics Market from 2021 to 2030.
- Market Forecast for Third-party Logistics Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Third-party Logistics competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Third-party Logistics
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Third-party Logistics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Third-party Logistics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BDP International, Burris Logistics, C.H. Robinson Worldwide, Inc., CEVA Logistics, DSV, DB Schenker Logistics, FedEx, J.B. Hunt Transport, Inc., Kuehne + Nagel, Nippon Express, United Parcel Service of America, Inc., XPO Logistics, Inc., Yusen Logistics Co. Ltd.
Primary Target Market
- Market Players of Third-party Logistics
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Third-party Logistics market based on the below-mentioned segments:
Global Third-party Logistics Market, By Service
Dedicated Contract Carriage (DCC)/Freight forwarding
Domestic Transportation Management (DTM)
International Transportation Management (ITM)
Warehousing &Distribution (W&D)
Value Added Logistics Services (VALs)
Global Third-party Logistics market, By Transport
Roadways
Railways
Waterways
Airways
Global Third-party Logistics Market, By End User
Manufacturing
Retail
Healthcare
Automotive
Others
Global Third-party Logistics market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the third party logistics market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.