Third-party Logistics Market size was valued at USD 1034 Million in 2022 and the total Third-party Logistics Market is expected to grow at a CAGR of 10.45% from 2023 to 2029, reaching nearly USD 2290 Million.
Third-party Logistics Market Overview
The report covers the Third-party Logistics Market's most recent revenue and Market trends. It provides a Market overview, definition, and structure, as well as preventative and pre-planned management. The report focuses on the factors that influence the Third-party Logistics Market, such as gross margin, cost, Market share, capacity utilization, and supply. It also aids in determining the future potential of the Third-party Logistics Market in the next few years during the forecast period. The report provides a Market overview through common subjects that are highlighted with unique data based on the need. The overview aids in making decisions about how to approach the Market and comprehending the industry's backdrop.
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Third-party Logistics Market Scope
The report focuses on the major key drivers and restraints for key companies, as well as the current competitive benchmarking and development prospects. The report provides current Third-party Logistics Market trends and future insights in terms of demand, supply chain, and sales, as well as recent changes in the Market. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin & Sales by Product are all included in this Third-party Logistics Market research report. For the competitive analysis, the report includes the profile of the key Market players in the Third-party Logistics Market including company overview, financial performance, product portfolio, and strategies. SWOT and PESTLE analysis were used for the research that combines quantitative and qualitative research methods.
Third-party Logistics Market Segmentation
by End Use : • Manufacturing
• Automotive
The Third-party Logistics Market is classified into Manufacturing and Automotive. In 2022, the manufacturing segment held the highest market share. Manufacturing is one of the most significant end-users of 3PL services. This is due to the fact that manufacturers frequently have complex supply chain operations that necessitate specialised logistical knowledge. 3PL providers can assist manufacturers in streamlining their logistics operations, lowering costs, and increasing overall supply chain efficiency. Inventory management, storage and distribution, transportation, and value-added services such as kitting and assembly are some of the specialised services that 3PL providers provide to the manufacturing market.
by Service : • DTM
• ITM
• VALs
Another significant end-user of 3PL services is the automotive industry. This is due to the complexity of the automotive supply chain, which necessitates specialised logistical skills. 3PL providers can assist automotive companies in optimising their supply chain processes, lowering costs, and improving delivery times. Inbound logistics, sequencing and kitting, warehousing and distribution, and aftermarket logistics are some of the specialised services that 3PL suppliers provide to the automotive sector. A variety of end-use sectors drive the third-party logistics industry, each with its unique set of logistics requirements. By providing specialised logistics expertise and services, 3PL providers may assist these businesses in improving supply chain efficiency, lowering costs, and improving customer experience.
by Transport: • Roadways
• Airways
The Third-party Logistics Market is divided into two categories: roads and airlines. The Roadways segment is predicted to increase at a rapid pace throughout the forecast period. Road transportation is frequently the most adaptable and cost-effective means of transportation, especially for short to medium-distance shipments. As a result, it is a popular option for many shippers, particularly those who operate within a single country or region. The rise of e-commerce and online shopping has increased demand for last-mile delivery services, which are often handled by road transportation. Demand for road haulage is predicted to increase as more consumers shop online and expect faster delivery times. In recent years, the road transport sector has also seen considerable technical developments, notably with regard to
TOC
- Global Third-party Logistics Market: Research Methodology
- Global Third-party Logistics Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Third-party Logistics Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Third-party Logistics Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Third-party Logistics Market Segmentation
- Global Third-party Logistics Market, by End Use (2021-2029)
- Global Third-party Logistics Market, by Service (2021-2029)
- Global Third-party Logistics Market, by Transport (2021-2029)
- Regional Third-party Logistics Market(2021-2029)
- Regional Third-party Logistics Market, by End Use (2021-2029)
- Regional Third-party Logistics Market, by Service (2021-2029)
- Regional Third-party Logistics Market, by Transport (2021-2029)
- Regional Third-party Logistics Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Third-party Logistics Market Key Players
• DHL Supply Chain & Global Forwarding
• Kuehne + Nagel International AG
• C.H. Robinson Worldwide, Inc.
• DB Schenker
• UPS Supply Chain Solutions
• Nippon Express Co., Ltd.
• XPO Logistics, Inc.
• Sinotrans Limited
• CEVA Logistics
• Expeditors International of Washington, Inc.
• DSV Panalpina A/S
• Geodis
• J.B. Hunt Transport Services, Inc.
• Ryder System, Inc.
• Agility
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Regional Analysis
Third-party Logistics Region dominated the Third-party Logistics Market in 2021 and is expected to witness significant growth during the forecast period. Government initiatives in the sector and regulations and rein in rising expenses drive the Third-party Logistics Market growth in the region. The Third-party Logistics Market report includes a geographic condition of the Market, and revenue as well as in-depth research into the business network structure, opportunities, and news updates.
Key Questions answered in the Market Report are:
- What is Third-party Logistics Market?
- What is the forecast period of the Market?
- What is the competitive scenario of the Market?
- Which region held the largest Market share in the Market?
- What are the opportunities for the Market?
- What factors are affecting the Market growth?
- Who are the key players of the Third-party Logistics Market?
- Which company held the largest share in the Market?
- What will be the CAGR of the Market during the forecast period?
- What key trends are likely to emerge in the Market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Third-party Logistics
- Landscape- Leading key players and other prominent key players.
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