Global Third Party Logistics Market 2023 Competitive Landscape, Industry Share, Business Growth And Forecast To 2032 | Major Players Are Kuehne+Nagel International AG, DSV A/S, The Deutsche Bahn AG, Deutsche Post DHL Group, C.H Robinson Worldwide Inc

As per The Business Research Company's Third Party Logistics Opportunities And Strategies Market Report 2023, The global third-party logistics (3PL) market reached a value of nearly $1,008.5 billion in 2022, having increased at a compound annual growth rate (CAGR) of 5.1% since 2017. The market is expected to grow from $1,008.5 billion in 2022 to $1,624.7 billion in 2027 at a rate of 10.0%. The market is then expected to grow at a CAGR of 10.3% from 2027 and reach $2,655.9 billion in 2032.

The rapid growth in e-commerce is expected to drive the third-party logistics (3PL) market in the forecast period. 3PL services are utilized by many e-commerce businesses to oversee and manage their supply chain management, in order to enhance their operations and cost-effectiveness. The increasing consumer expectations and growing complexity in supply chains generate demand for 3PL from growing e-commerce companies. Rapid growth in the e-commerce sector across the globe is expected to increase demand for storage and transportation facilities, boosting the market during the forecast period. For instance, in May 2023, according to a report published by the US Census Bureau, a division of the United States Department of Commerce, in the first quarter of 2023, retail e-commerce sales in the United States amounted to approximately $272.6 billion, reflecting a growth of 3.0%, compared to the fourth quarter of 2022. This quarter also saw a substantial increase of 7.8% in e-commerce sales, compared to the same period in 2022. Notably, e-commerce sales accounted for 15.1% of total sales during the first quarter of 2023. Therefore, the rapid growth in e-commerce will drive the third-party logistics (3PL) market going forward.

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Advanced analytics and data-driven solutions are another key trend in the third-party logistics (3PL) market. Companies in the third-party logistics market are focused on leveraging analytics tools to improve customer satisfaction and grow in the market. For instance, in February 2023, Extensiv, a US-based third-party logistics provider, launched Labor Analytics, a revolutionary business intelligence tool designed to empower third-party logistics (3PL) providers. Leveraging real-time data and historical trends, Labor Analytics enables 3PLs to gain actionable insights on individual and team performance. By monitoring labor efficiency across customers, workers and warehouses, 3PLs can pinpoint areas of process inefficiency and streamline their operations. This tool enables the identification of costly shipping practices and facilitates the revision of standard operating procedures, resulting in enhanced overall business productivity and efficiency.

The top opportunities in the third-party logistics (3PL) market by service type will arise in the domestic transportation management market, which will gain $226.9 billion of global annual sales by 2027. The top opportunities in the third-party logistics (3PL) market by mode of transport will arise in roadways market, which will gain $254.0 billion of global annual sales by 2027. The top opportunities in the third-party logistics (3PL) market by end-use industry will arise in retail market, which will gain $158.5 billion of global annual sales by 2027. The third-party logistics (3PL) market size will gain the most in the USA at $213.1 billion. arise in the institutional investors segment, which will gain $6,172.3 million of global annual sales by 2027. The algorithmic trading market size will gain the most in the USA at $4,325.9 million.

Third Party Logistics Market Segmentation:
The Third Party Logistics Market is segmented by service type, by mode of transport and by end-use industry
By Service Type -
The third-party logistics market is segmented by service type into:
a) Dedicated Contract Carriage
b) Domestic Transportation Management
c) International Transportation Management
d) Warehousing And Distribution
e) Other Service Types

By Mode Of Transport-
The third-party logistics market is segmented by mode of transport into:
a) Railways
b) Roadways
c) Waterways
d) Airways

By End-Use Industry-
The third-party logistics market is segmented by end-use industry into:
a) Manufacturing
b) Retail
c) Healthcare
d) Automotive
e) Other End-Use Industries

Major players in the Third Party Logistics Market include Kuehne+Nagel International AG, DSV A/S, The Deutsche Bahn AG, Deutsche Post DHL Group, C.H Robinson Worldwide Inc.

The regions covered in the global Third Party Logistics Market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Third-Party Logistics (3PL) Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Third Party Logistics Market Report Table Of Content
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
……
19. Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Third-Party Logistics (3PL) Market, Conclusions And Recommendations
23. Appendix

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