3PL Market is Projected to Reach USD 2555.63 Billion by 2030: Cognitive Market Research

3PL Market Overview:
What is the third-party logistics?
Third-party logistics is a service and partner or service, which supports manufacturers, especially e-commerce merchants outsourcing activities associated with distribution and logistics. This provides special services including packaging of products, cross-docking, inventory management, and door-to-door delivery. Third-party logistics is available in varying service types and transportation modes such as international transportation management, dedicated contract carriage, and domestic.

Summary:
• As per the study of CMR, The Global 3PL Market size was valued at USD 1350.24 Billion in 2022 and will grow at a CAGR Of 8.3 % during the forecast period, reaching USD 2555.63 Billion by 2030.
• Based on the mode of transport, the roadways segment has the largest market share in the 3PL market.
• Based on service type, the domestic transportation management segment has the largest revenue share in the 3PL market.
• Based on industry, the technological segment has the major revenue share in the 3PL market.
• Asia-Pacific has the largest revenue share in the 3PL market.

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Market Dynamics:
3PL Market Drivers:
Increasing trading activities owing to globalization, and development in the manufacturing and e-commerce sector is the major factor expected to drive the growth of the 3PL market. In addition, increasing advancement in technology and last-mile connectivity is likely to boost the demand for the 3PL market.

3PL Market Opportunities:
The increasing use of IT software and solutions and rising demand for 3PL in consumer electronics is projected to present growth opportunities for the 3PL market in the forecast period. In addition, increasing completely automated penetration in warehousing distribution systems will create opportunities for the 3PL market growth.

3PL Market Restraints:
Increasing logistics costs and poor infrastructure may hamper the growth of the market. In addition, the absence of controlled manufacturing logistic services is anticipated to hinder the growth of the target market during the forecast period.

Market Segmentation:
Mode of Transport:
• Airways
• Railways
• Waterways
• Roadways
Based on the mode of transport, the roadways segment has the largest market share in the 3PL market. This is due to the increasing importance of logistics infrastructure and the public-private partnerships model is likely to drive the demand for the roadways segment in the target market.

Service Type:
• Warehousing and Transportation
• Dedicated Contract Carriage (DCC)
• International Transportation Management
• Domestic Transportation Management
• Others
Based on service type, the domestic transportation management segment has the largest revenue share in the 3PL market. This is attributed to domestic transportation management service performed with freight brokers, which is deal with the shipment to destination. In addition, increasing trade movement between the escalating carrier rates, unloading docks to a warehouse, and rising cross docking services is projected to propel the demand for this segment.

Industry:
• Healthcare
• Technological
• Elements
• Automotive
• Retailing
• Food and Beverages
• Others
Based on industry, the technological segment has the major revenue share in the 3PL market. This is owing to the increasing industry trend of ordering products and goods including computers, mobile phones, and another electronic devices from e-commerce websites. In addition, increasing penetration of the internet is projected to boost the demand for this segment in the target market.

Competitive Analysis of 3PL Market: TNT, FedEx, UPS, DHL, Maersk, APL, Nippon Express, Exel, NOL, COSCO Logistics, Sinotrans, CMSTD, China Shipping, CNPL, P.G. Logistics, China Merchants Logistics, South Logistics Group, Ztky, ZJS Express, Kerry Logistics

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Regional Analysis:
Asia-Pacific accounted for the largest share of the 3PL market
Asia-Pacific has the largest revenue share in the 3PL market. This is due to the increasing demand for third-party logistics in Asian countries. In addition, initiatives in the e-commerce sector to warehouse projects incorporated in the region are anticipated to fuel the growth of the 3LP market in the region.

3PL Market Industry News:
DHL Supply Chain has a complete partnership with autonomous software leader Embark
In October 2021, the DHL supply chain company has a complete partnership with North America-based company Embark, which is autonomous technology developed for trucking.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global 3PL Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 3PL Market Segmentation
1.5.1 3PL Market Regional Fragmentation
1.5.1 3PL Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of 3PL Market
• 3.1 Global 3PL Market Size 2018 - 2030, (USD Million)
• 3.2 Global 3PL Value, Absolute & Opportunity Analysis
• 3.3 Global 3PL Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global 3PL Market Statistics 2022: Snapshot
Chapter 4 Global 3PL Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global 3PL Market by Service Type Segmentation Analysis (2018-2030)
Chapter 10 Global 3PL Market by Industry Segmentation Analysis (2018-2030)
Chapter 11 Global 3PL Market by Mode of Transport Segmentation Analysis (2018-2030)
Chapter 12 Global 3PL Market Regional Analysis
Chapter 13 North America 3PL Market Outlook (2018 - 2030)
Chapter 14 Europe 3PL Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific 3PL Market Outlook (2018 - 2030)
Chapter 16 Latin America 3PL Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa 3PL Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The 3PL Market TOC click here: https://www.cognitivemarketresearch.com/3pl-market-report#table_of_contents

Related Report:
• 3PL for Healthcare Logistics Market- https://www.cognitivemarketresearch.com/3pl-for-healthcare-logistics-market-report
• 3PL for Consumer Electronics Market- https://www.cognitivemarketresearch.com/3pl-for-consumer-electronics-market-report
• 3PL Software Market- https://www.cognitivemarketresearch.com/3pl-software-market-report
• 3PL FMCG Logistics Market- https://www.cognitivemarketresearch.com/3pl-fmcg-logistics-market-report

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly

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