Third-Party Logistics Industry Summary:
- The global third-party logistics market size reached USD 1,119 Billion in 2023.
- The market is expected to reach USD 2,124 Billion by 2032, exhibiting a growth rate (CAGR) of 7.38% during 2024-2032.
- Asia Pacific leads the market, accounting for the largest third-party logistics market share, due to strong infrastructural developments and the growing presence of multinational companies establishing logistics hubs in the region.
- Roadways were the top segment by transport owing to their extensive reach and ability to support last-mile deliveries in both urban and rural areas.
- Domestic transportation management prevailed by service type due to rising demand for efficient logistics within national borders, driven by regional trade.
- Manufacturing emerged as the largest end-use sector due to high demand for supply chain support in the production of consumer and industrial goods.
- The third-party logistics market is shifting towards increased automation and the use of AI-driven systems to streamline processes.
- Cross-border e-commerce and technological advancements are driving growth in real-time tracking and supply chain transparency.
The latest report by IMARC Group, titled “Third-Party Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the third-party logistics market overview. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
Request Free Sample Report: https://www.imarcgroup.com/third-party-logistics-market/requestsample
Industry Trends and Drivers:
Increasing demand for e-commerce logistics
The rapid growth of e-commerce is significantly impacting the third-party logistics market share. Online retailers rely heavily on third-party logistics (3PL) providers for warehousing, inventory management, and delivery. The sheer volume of orders, particularly from fast-growing sectors such as fashion, electronics, and personal care, has created a substantial need for efficient logistics networks.
Third-party logistics companies offer the flexibility needed to meet the demand for faster delivery times and efficient returns management. Additionally, the growth in cross-border e-commerce has expanded the market, as 3PL providers handle customs, international shipping, and regulatory compliance. This ongoing shift to digital commerce is expected to continue bolstering the third-party logistics market, driving considerable growth in the coming years.
Cost reduction and operational efficiency
Businesses are increasingly outsourcing their logistics operations to 3PL providers to lower operational costs and improve efficiency, driving the third-party logistics market size. By leveraging 3PL services, companies are eliminating the need for investing in expensive warehousing facilities, transportation fleets, and technology systems. Third-party logistics providers can optimize transportation routes, improve delivery times, and offer scalability in response to fluctuating demand.
Furthermore, advanced data analytics and automation used by 3PL companies help businesses streamline their supply chain processes. This combination of cost savings and enhanced operational capabilities has made 3PL a compelling choice for companies across industries, fueling the expansion of the third-party logistics sector globally.
Technological advancements in supply chain solutions
The adoption of cutting-edge technologies such as automation, AI, IoT, and blockchain is reshaping third-party logistics market trends. These innovations allow logistics providers to enhance transparency, improve real-time tracking, and optimize inventory management. Automation in warehouses speeds up order fulfillment, while AI-driven route optimization minimizes delivery times.
IoT enables better asset monitoring, reducing the risk of loss or damage during transit. Meanwhile, blockchain offers secure data sharing among stakeholders, enhancing trust and efficiency across the supply chain. As businesses increasingly adopt these technologies, the third-party logistics market is evolving rapidly, setting new benchmarks for efficiency and service quality in the industry.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/third-party-logistics-market
Third-Party Logistics Market Report Segmentation:
Breakup By Transport:
- Railways
- Roadways
- Waterways
- Airways
Roadways held the largest segment by transport due to their flexibility and cost-effectiveness in delivering goods over short and medium distances.
Breakup By Service Type:
- Dedicated Contract Carriage
- Domestic Transportation Management
- International Transportation Management
- Warehousing and Distribution
- Value Added Logistics Services
Domestic transportation management led by service type as businesses increasingly prefer streamlined, in-country supply chain operations to reduce complexities.
Breakup By End Use:
- Manufacturing
- Retail
- Healthcare
- Automotive
- Others
The manufacturing sector dominated by end use due to its heavy reliance on large-scale, consistent shipping of raw materials and finished products.
Breakup By Region:
- North America (USA, Canada)
- Europe (Germany, France, UK, Italy, Spain, Russia, others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
- Middle East/Africa
- Latin America (Brazil, Mexico, others)
Asia Pacific dominates the third-party logistics market due to rapid industrialization, increasing e-commerce activity, and significant infrastructure development. The region's large consumer base, especially in countries, such as China and India, drives demand for efficient logistics services, while investments in supply chain networks further boost market growth.
Top Third-Party Logistics Market Leaders: The third-party logistics market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
- C.H. Robinson
- CMA CGM
- DB Schenker
- DHL (The Deutsche Post AG)
- DSV A/S
- Expeditors International of Washington Inc
- FedEx Corporation
- Hitachi Transport System Ltd.
- B. Hunt Transport Services Inc
- Kuehne + Nagel International AG (Kuehne Holding AG)
- Nippon Express Co. Ltd.
- Sinotrans
- United Parcel Service
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About US:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
