Market Overview

The Global Third-party Logistics Market was valued at USD 1,153.1 billion in 2023 and is expected to reach USD 2,600.3 billion by 2031 while growing at a CAGR of 10.7% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global third-party logistics market growth. Third-party logistics, or 3PL, is the outsourcing of logistics and supply chain management functions to external service providers. Businesses rely on the expertise of these providers for diverse supply chain processes, including transportation, warehousing, order fulfillment, inventory management, and distribution.

The growth of the third-party logistics market is propelled by the increasing globalization of businesses and a focus on core competencies. Despite these driving factors, obstacles like high initial investment and operating costs, along with security and privacy concerns, may impede market expansion.

Furthermore, the global third-party logistics industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Service Analysis

The Global Third-party Logistics Market is segmented among Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing & Distribution (W&D), and Value-Added Logistics Services (VALs), based on Service. In 2023, Domestic Transportation Management (DTM) accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Transport Analysis

The Global Third-party Logistics Market is segmented among Roadways, Railways, Waterways, and Airways, based on Transport. In 2023, Roadways accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Third-party Logistics Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Agility, AmeriCold Logistics, LLC, BDP International, Burris Logistics, C.H. Robinson Worldwide, Inc., CEVA Logistics, DB Schenker Logistics, DSV, Deutsche Post AG (DHL Group), Expeditors International of Washington, Inc., FedEx, Flexport Inc., J.B. Hunt Transport, Inc., KERRY LOGISTICS NETWORK LIMITED, Kuehne + Nagel, Landstar System, Inc., Nippon Express, GEODIS, Ryder System, Inc., Schneider National, Inc., United Parcel Service of America, Inc., XPO Logistics, Inc., and Yusen Logistics Co. Ltd.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Third-party Logistics Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Third-party Logistics Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Third-party Logistics Market Segmentation, By Service

• Global Third-party Logistics Market Share Analysis, By Service

• Global Third-party Logistics Market Growth Analysis, By Service

• Global Third-party Logistics Market Trends, By Service

o Dedicated Contract Carriage (DCC)/Freight forwarding

o Domestic Transportation Management (DTM)

o International Transportation Management (ITM)

o Warehousing & Distribution (W&D)

o Value Added Logistics Services (VALs)

6. Global Third-party Logistics Market Segmentation, By Transport

• Global Third-party Logistics Market Share Analysis, By Transport

• Global Third-party Logistics Market Growth Analysis, By Transport

• Global Third-party Logistics Market Trends, By Transport

o Roadways

o Railways

o Waterways

o Airways

7. Global Third-party Logistics Market Segmentation, By End-use

• Global Third-party Logistics Market Share Analysis, By End-use

• Global Third-party Logistics Market Growth Analysis, By End-use

• Global Third-party Logistics Market Trends, By End-use

o Manufacturing

o Retail

o Healthcare

o Automotive

o Others

8. Global Third-party Logistics Market Segmentation, By Region

• Global Third-party Logistics Market Share Analysis, By Region

• Global Third-party Logistics Market Growth Analysis, By Region

• Global Third-party Logistics Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

9. Competitive Landscape

• Agility*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• AmeriCold Logistics, LLC

• BDP International

• Burris Logistics

• C.H. Robinson Worldwide, Inc.

• CEVA Logistics

• DB Schenker Logistics

• DSV

• Deutsche Post AG (DHL Group)

• Expeditors International of Washington, Inc.

• FedEx

• Flexport Inc.

• J.B. Hunt Transport, Inc.

• KERRY LOGISTICS NETWORK LIMITED

• Kuehne + Nagel

• Landstar System, Inc.

• Nippon Express

• GEODIS

• Ryder System, Inc.

• Schneider National, Inc.

• United Parcel Service of America, Inc.

• XPO Logistics, Inc.

• Yusen Logistics Co. Ltd.

*Similar analysis will be provided for each company listed above.