Third-party Logistics Market to witness growth opportunities worth USD 2290 Mn by 2029 at a CAGR of 10.45 percent

A new report has been published on the Third-party Logistics Market, revealing that the market size was valued at USD 1034 Mn in 2022 and is expected to grow at a CAGR of 10.45 percent from 2023 to 2029, reaching nearly USD 2290 Mn.

Third-party Logistics Market Report Scope and Research Methodology

The report highlights the scope of the market, which includes transportation, warehousing, and distribution, and notes that third-party logistics providers offer a range of services, such as transportation management, inventory management, order fulfilment, and freight forwarding. They may also offer value-added services such as packaging, labelling, and assembly. Outsourcing logistics operations to a third-party provider can help companies reduce their costs and focus on their core competencies, as well as benefit from their expertise, resources, and technology to optimize their supply chain operations and improve their transportation efficiency.

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The research methodology used in the report is thorough, providing detailed information on the development of transport logistics infrastructure in Asia and the Middle East regions, the rapid growth of the e-commerce sector, the development of new technologies, and the restructuring of the brick-and-mortar business model.

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Third-party Logistics Market Dynamics

The report identifies several drivers and restraints of the third-party logistics market. One of the major drivers is the rise of e-commerce in North America, which has contributed to the increased demand for third-party logistics services in the region. The report notes that e-commerce sales in North America amounted to USD 791.7 Bn in 2020 and are expected to reach USD 1.15 Tn by 2023. This growth has created a greater need for logistics services, particularly in the areas of warehousing, fulfilment, and last-mile delivery. Third-party logistics providers are responding by building more warehouses and distribution centers, often located closer to urban areas for faster delivery times.

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Another driver is the rising preference for efficient fleets, which is likely to increase the deployment of Distribution Center (DC) solutions in the third-party logistics market. The report notes that efficient fleets can help companies reduce fuel consumption, lower transportation costs, and improve delivery times, which are all key factors in achieving operational efficiency. Telematics solutions, which use GPS and other tracking technologies to monitor vehicle performance, driver behavior, and fuel consumption, are being used to optimize delivery routes, reduce idle time, and improve overall fleet efficiency.

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Third-party Logistics Market Regional Insights

The report also provides regional insights, noting that the Asia and Middle East regions are expected to contribute significantly to the growth of the third-party logistics market. The report concludes that by leveraging new technologies, developing innovative solutions, and adopting new business models, logistics providers are well-positioned to meet the challenges and opportunities of the future.

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Third-party Logistics Market Segmentation

By End Use:

• Manufacturing
• Automotive

By Service:

• DTM
• ITM
• VALs

By Transport:

• Roadways
• Airways

Third-party Logistics Market Key Competitors include:

• 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

Table of Content for Third-party Logistics Market

Global Third-party Logistics Market: Research Methodology

Global Third-party Logistics Market: Executive Summary

Market Overview and Definitions
Introduction to Global 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 Market, by End Use (2021-2029)
Global Market, by Service (2021-2029)
Global Market, by Transport (2021-2029)

Regional Third-party Logistics Market (2021-2029)

Regional Market, by End Use (2021-2029)
Regional Market, by Service (2021-2029)
Regional Market, by Transport (2021-2029)
Regional Market, by Country (2021-2029)

Company Profile: Key players

Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by End Use, Service and Transport
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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