3PL is the function by which a producer outsources activities related to distribution and logistics. A 3PL company can deliver specialized services such as cross-docking, door-to-door delivery, inventory management, and packaging of products. The market for 3PL service is expected to witness significant development, due to development of the e-commerce industry. Furthermore, the demand for this service is expected to escalate in the near future, due to growth in focus of retailers and manufacturers on their subcontracting activities and core business, such as logistics where they have less expertise. Moreover, growth in globalization has helped in setting up an international network of manufacturing activities. To maintain it capably, the demand of 3PL services is expected to growth. Furthermore, the scope of 3PL services is anticipated to growth during the forecast period, as productivity gains in supply chain in terms of cost and reliability can be derived with the help of information technology and managerial expertise provided by 3PL companies. Additionally, the development of the e-commerce industry and growth in reverse logistics operations drive the development of the global 3PL services market. Nevertheless, loss of direct control on the potential loss of reputation and logistics service are the most critical factors that restrict the development of this market.

Global Third-party Logistics (3PL) Market is projected to grow up to US$ 1728 billion by 2028 growing at a CAGR of 8.80% during the forecasting period 2023-2028.

Report Scope

The global market report scope consists of a comprehensive study covering primary factors impacting the industry trends. The study includes analysis of regional and country-level market dynamics. The scope also consists of competitive overview offering company market shares coupled with company profiles for key revenue contributing companies. The report scope covers a detailed competitive outlook covering market shares and profiles of key participants in the market share.

Major Market Players

The key players of the market are 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, and United Parcel Service.

The Global Third-party Logistics (3PL) Market report has been categorized as below     

By Mode of Transport

• Railways
• Roadways
• Waterways
• Airways

By End-User

• Technological
• Automotive
• Retailing
• Elements
• Food & Groceries
• Healthcare
• Others

By Service Type

• Dedicated Contract Carriage (DCC)
• Domestic Transportation Management
• International Transportation Management
• Warehousing &Distribution
• Others

By Region

• North America
• Europe
• Asia Pacific
• Rest of the World

The years considered for the study are as follows:

• Base year – 2020
• Estimated year – 2021
• Projected year – 2022
• Forecast period – 2021 to 2027

Key Questions Addressed by the Report

• New products/service competitors are exploring?
• Key players in the Third-party Logistics (3PL) market and how extreme is the competition?
• What are the future market trends that manufacturers are emphasizing on in the future updates?
• For each segment, what are the crucial opportunities in the market?
• What are the key growth strategies embraced by key market players in the market?
• What are the key success strategies adopted by major competitors in the market?

Why Buy this Report:

• Obtain comprehensive insights on the Third-party Logistics (3PL) & market trends
• Note comprehensive analysis of the market status
• Identifies the market opportunities and growth segments
• Assessing business segments & product portfolios, and explain competitive dynamics
• Provide strategy planning and industry dynamics to strengthen decision making