Third-Party Logistics Providers Market will reach at $ 444.4 billion by 2032,Statistical Forecast, Trade Analysis 2022 -Amazon Services, Kuehne + Nagel, Alliance UniChem IP, Steel Connect, Complemar Partners, Freightlink, DHL International, CEVA Logistics

The global third-party logistics market size was valued at USD 118.80 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.2% from 2022 to 2032. The global third-party logistics market will reach at $ 444.4 billion by 2032. The development of logistics infrastructure in the Asia and Middle East regions, the rapid growth of the e-commerce sector, and the development of new technologies are expected to significantly contribute to the market growth. Shippers are focusing on outsourcing the logistics activity to enhance their operations and cost-effectiveness. The increased working capital and globalization lead to the demand for efficient inventory management services. Moreover, the restructuring of the brick-and-mortar business model continues to provide dynamic growth to the industry.

Some of the Top companies Influencing this Market include:

Amazon Services, Kuehne + Nagel, Alliance UniChem IP, Steel Connect, Complemar Partners, Freightlink, DHL International, CEVA Logistics, AxleHire, Darkstore, Fulfillment America, Gebrüder Weiss, First Flight Solutions, EWorld Fulfillment, Direct Link Worldwide

Service Insights
The Domestic Transportation Management (DTM) segment held the largest market share of 32.51% in 2021. DTM services are performed in conjunction with freight brokers, which deal with shipment origin to their destination. The increasing trade movement among the unloading docks to a warehouse, escalating carrier rates, a surge in cross-docking services, and rising fuel surcharge are driving the growth of the DTM segment. The growing consumer demand in sectors, such as retail, and healthcare, and the steady GDP growth of various countries is further aiding the segment growth. The continued growth in global economic activities and a rise in the e-commerce sector have led to a rise in demand for international transportation management services.

Trade liberalization policies and cross-border logistics activities have increased international trade, thereby propelling the segment growth. Free Trade Agreements (FTAs) are driving the demand for international transportation. The African Continental Free Trade Area (AfCFTA) and Progressive Trans-Pacific Partnership (CPTPP) are the two recent examples of rising multilateral free-trade agreements. The several bilateral free-trade agreements, such as Costa Rica- South Korea FTA and Indonesia-Australia comprehensive economic partnership agreement are influencing the demand for international transportation services.

Transport Insights
On the basis of transport, the global market has been divided into roadways, railways, waterways, and airways. The roadways segment dominated the market in 2021 with a revenue share of more than 58%. The growing public-private partnerships model and increased emphasis on logistics infrastructure are expected to drive the growth of the roadways segment over the forecast period. In addition, several government initiatives are fueling the growth of the road transportation segment. The recent regulations imposed by the Federal Motor Carrier Safety Administration that allow the use of the cameras as a substitute for rearview mirrors are expected to benefit the truck drivers, in terms of safety.

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Regional Insights
Asia Pacific is expected to emerge as the fastest-growing regional market at a CAGR of 10.3% over the forecast period. The growing trans-regional trade corridors and gateways are expected to create a huge opportunity for the 3PL providers. The concentration of manufacturing and sourcing in China has led to the strategic shift of technology, pharmaceuticals, and the automotive sector in other countries. Such a shift is expected to propel market growth in countries, including India, South Korea, Japan, and Vietnam. The ongoing development of logistics infrastructure and increasing emphasis on transportation practices in emerging countries are expected to propel market growth.

For instance, the National Highways Authority of India (NHAI) and the National Highways Development Project (NHDP) have taken several initiatives for highway development. Under the Logistics Efficiency Enhancement Program (LEEP) set by the Government of India, the Ministry of Road Transport & Highways (MoRTH) is developing multi-modal logistics parks. The Vietnam government proposed Vietnam Sea Transport Development Plan, a vision to 2030 to escalate the maritime freight transportation. Under this plan, the government planned to invest in developing the deep-water port, transit port, and international gateway ports.

BY REGION

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Third-Party Logistics Providers Market Types:

On-premise, Cloud-based.

Third-Party Logistics Providers Market Applications:

Aviation Transportation Industry, Land Transportation Industry, Maritime Transportation Industry, Others

Key Companies & Market Share Insights
The companies are stressing on providing technology-driven services, such as route optimization and real-time shipment tracking. The companies are also trying to maintain complete visibility over the entire supply chain without overburdening the clients. The strengthening of shipper-carrier relationships increases information sharing and transparency among both parties, creating a favorable business environment. The market is witnessing strong M&A activities over the last several years. Key companies are also engaging in partnerships, mergers, and acquisitions with small- and medium-sized companies to leverage their regional capabilities.

Key companies are sub-contracting logistics services to local players to maintain a high-profit margin and low overhead costs. For instance, in November 2019, Universal Logistics Holdings, Inc. announced the acquisition of Roadrunner Intermodal Services, LLC stretching its logistics capabilities across North America. In August 2019, DSV acquired PanalpinaWelttransport Holding AG, a Switzerland-based logistics group. The company is leveraging Panalpina's proficiency in the freight forwarding and brokerage service and giving fierce competition to the leading logistics companies. Some prominent players in the global third-party logistics market include:

BDP International

Burris Logistics

C.H. Robinson Worldwide, Inc.

CEVA Logistics

DSV

DB Schenker Logistics

FedEx

J.B. Hunt Transport, Inc.

Kuehne + Nagel

Nippon Express

United Parcel Service of America, Inc.

XPO Logistics, Inc.

Yusen Logistics Co. Ltd.

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The cost analysis of the Global Third-Party Logistics Providers Market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as Supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.

Key questions covered in this report?

A complete overview of different geographic distributions and common product categories in the Third-Party Logistics Providers Market.
When you have information on the cost of production, the cost of products, and the cost of production for future years, you can fix up the developing databases for your industry.
Thorough break-in analysis for new enterprises seeking to enter the Third-Party Logistics Providers Market.
Exactly how do the most essential corporations and mid-level companies create cash within the Market?
Conduct a thorough study on the overall state of the Third-Party Logistics Providers Market to aid in the selection of product launches and revisions.
Table of Contents

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Global Third-Party Logistics Providers Market Research Report 2022 - 2029

Chapter 1 Third-Party Logistics Providers Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Third-Party Logistics Providers Market Forecast

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