Third-party logistics sales will skyrocket over the next ten years.

Third-party logistics (3PL) is the use of third-party companies to outsource logistics and supply chain management functions such as transportation, warehousing, and distribution. Transportation management, warehousing and inventory management, and packaging and assembly services are among the services provided by 3PL providers.

The growing e-commerce industry, the increasing adoption of outsourcing in logistics and supply chain management, and the growing need for better logistics solutions to support global trade are driving the global third-party logistics market. Technology advancements and the increasing use of automation and data analytics in logistics are also driving market growth.

Transportation management, warehousing and inventory management, and packaging and assembly services are some of the categories in the third-party logistics market. Transportation management, which includes services such as freight forwarding, transportation brokerage, and intermodal transportation, is the market’s largest segment. Warehousing and inventory management is a significant market segment that includes storage, order fulfilment, and inventory management. Packaging and assembly services are a smaller market segment, but they are an important aspect of logistics and supply chain management, and they include services like packaging design, assembly, and kitting.

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Major Market Segments Covered in the Global Retail Third Party Logistics Market

• End use:
  • Automotive Retail Third Party Logistics
  • Retail Third Party Logistics Manufacturing
  • Medical Retail Third Party Logistics
  • Retail Retail Third Party Logistics
  • Other Retail Third Party Logistics
• Transportation:
  • Prayer Retail Third Party Logistics
  • Rail Third-Party Logistics
  • Road Retail Third Party Logistics
  • Waterway Retail Third Party Logistics
• By service:
  • Value Added Logistics Services (VAL)
  • Domestic Transportation Management (DTM)
  • Warehouse and Distribution (W&D)
  • Dedicated Contract Carriage (DCC)/Freight Forwarding
  • International Transport Management (ITM)

Key Players of the Third Party Logistics Market

• Kuehne + Nagel
• Yusen Logistics Co. Ltd.
• Burris Logistics
• CEVA Logistics
• United Parcel Service of America, Inc.
• BDP International
• FedEx
• DSV
• DB Schenker Logistics
• XPO Logistics, Inc.
• C.H. Robinson Worldwide, Inc.
• Nippon Express
• J.B. Hunt Transport, Inc.

Key highlights of the market research:

• The size of the global third-party logistics market in 2022 is estimated to be USD 1.31 trillion.
• North America emerges as an opportunistic market, reaching 40% of sales
• APAC will be the fastest growing region with a CAGR of 10% during the forecast period.
• Secure approximately 32% of the domestic transportation management sector market share by 2022
• The manufacturing sector is expected to capture more than 24% of the global revenue share in 2022.