Outsourcing Logistics: The Global Third-Party Logistics Market Worth USD 968.2 Billion in 2022 and Projected to Grow at 9.54% CAGR from 2023-2033

As per the study initiated by Evolve Business Intelligence, the global Third-party Logistics (3PL) market size accounted for USD 968.2 Billion in 2022, growing at a CAGR of 9.54% from 2023 to 2033. The third-party logistics (3PL) market refers to the outsourcing of logistics and supply chain management services to third-party service providers. These providers offer a range of services, including transportation, warehousing, inventory management, packaging, and freight forwarding, among others. The third-party logistics market is growing rapidly due to increasing globalization, e-commerce, and demand for cost-effective and efficient logistics solutions.
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Key Highlights:
• The global Third-party Logistics (3PL) Market size was valued at USD 968.2 billion in 2022 growing at a CAGR of 9.54% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on the Global Third-party Logistics (3PL) Market focusing on various aspects including market size and forecast, market dynamics, competitors' market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which include Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted to prosper in this industry over the short and long terms. The quantitative analysis includes our authentic findings of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID-19 impact, the Third-party Logistics (3PL) market report also includes the following data points:
• COVID-19 Impact on Third-party Logistics (3PL) market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players' Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Third-party Logistics (3PL) market
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Key Players
Some of the major Third-party Logistics (3PL) players holding high market share include Geodis, Kuehne+Nagel Inc., FedEx Corporation, and XPO Logistics Inc. These players use new product development/partnership as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• C.H. Robinson Worldwide, Inc
• DB Schenker
• DSV
• Geodis
• Kuehne+Nagel Inc
• FedEx Corporation
• XPO Logistics Inc
• United Parcel Service of America, Inc
• a.p. Moller - Maersk
• DHL International GmbH
Segmental Analysis
Market Segment By Mode of Transport with focus on market share, consumption trend, and growth rate of Third-party Logistics (3PL) Market:
o Railways
o Roadways
o Waterways
o Airways
Market Segment By Service Type with focus on market share, consumption trend, and growth rate of Third-party Logistics (3PL) Market:
o Dedicated Contract Carriage (DCC)
o Domestic Transportation Management
o International Transportation Management
o Warehousing and Transportation
o Others
Market Segment By Industry with a focus on market share, consumption trend, and growth rate of Third-party Logistics (3PL) Market:
o Technological
o Automotive
o Retailing
o Elements
o Food and Beverages
o Healthcare
o Others
Parameters Details
Market Size (2022) USD 968.2 Billion
CAGR (2023 to 2033) 9.54%
Market Segmentation Mode of Transport, Service Type, Industry
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Third-party Logistics (3PL) Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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