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Global Third-Party Logistics (3PL) Global Market Size, Share, Growth and Forecast 2033

02-12-2024 11:12 AM CET | Logistics & Transport

Press release from: The Business research company

Global Third-Party Logistics (3PL) Global Market Size, Share,

"The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Third-Party Logistics (3PL) Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The third-party logistics (3pl) market size has grown rapidly in recent years. It will grow from $1112.7 billion in 2023 to $1229.2 billion in 2024 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to increase in trade and exports, growth in world population, government initiatives and increasing demand from end-use industries.

The third-party logistics (3pl) market size is expected to see strong growth in the next few years. It will grow to $1799.11 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to rapid growth in e-commerce, increasing retail penetration and growing demand for efficient inventory management. Major trends in the forecast period include use of artificial intelligence, advanced logistics management platforms, use of electric vehicles, advanced analytics and data-driven solutions, adoption of cloud-based logistics platforms, last-mile delivery innovations and partnerships and collaborations.

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Key Market Players:
Major companies operating in the third-party logistics (3pl) market report are Kuehne+Nagel International AG, DSV A/S, The Deutsche Bahn AG, Deutsche Post DHL Group, C.H Robinson Worldwide Inc., J.B. Hunt Transport Inc, SinoTrans Logistics Limited, FedEx Corporation, Nippon Express Co. Ltd, CEVA Logistics, Aegis Logistics Ltd, Allcargo Logistics Ltd, AWL India Pvt. Ltd, Blue Dart Express Ltd, Delhivery Pvt. Ltd, Gati Ltd, Mahindra Logistics Ltd, Safexpress Pvt Ltd, TVS Supply Chain Solutions, Fulfillment Bridge Inc, DocShipper Group, The Rhenus Group, DB Schenker Logistics, Gebruder Weiss, Geodis, Bolloré Logistics, Huboo, Sas Grup, Max Loads, Agexim Spedition, Sc Oprean Srl, Vectra Logistic, Rzd Logistics Eurosib, Omnipack, Union Pacific Corporation, Red Arts Capital, Weber Logistics, XPO Logistics Inc, American Eagle Outfitters Inc, TA Services Yusen Logistics Co. Ltd, BDP International Inc, Burris Logistics, ShipMonk, FoxCom Management, Promptus LLC, Expeditors International, Pronto Cargo Logistics & Supply Chain, RodoVitor Transport and Vehicle Rental, Imexlog Logistica Aduaneira Perfect Solutions, Maxitrans Brazil Logistics Company, Norte brasil logistica, Novatrade Brasil, Leo de Juda Logistics Company, Kuwait logistics & freight co, Move One Logistics, Glaube Logistics, Shorages E-Commerce Fulfillment, SLR Shipping Services LLC, Camel Logistics Group LLC, Flow Progressive Logistics, Crown logistics Company, Maersk, Imperial Logistics, APG Logistics, Value Logistics, Transnova Africa, Monteagle Logistics, Megafreight Services, Logistica SA, Eurotrans Maroc, Laser Group

Market Drivers:
The development of the e-commerce industry is expected to propel the growth of the third-party logistics market going forward. Electronic commerce (E-commerce) refers to companies and individuals that buy and sell goods and services over the Internet. Third-party logistics providers (3PL) are utilized by many e-commerce businesses to oversee and manage their supply chain management. For instance, in 2021, according to Oberlo, a US-based dropshipping app for Shopify, total US e-commerce sales reached $960.1 billion, an 18.3 % year-over-year increase from $811.6 billion in 2020. Therefore, the development of the e-commerce industry is driving the third-party logistics market.

Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/third-party-logistics-3pl-global-market-report

The third-party logistics (3pl) market covered in this report is segmented -
1) By Service Type: Dedicated Contract Carriage, Domestic Transportation Management, International Transportation Management, Warehousing and Distribution, Other Service Types
2) By Mode Of Transport: Railways, Roadways, Waterways, Airways
3) By End-Use Industry: Manufacturing, Retail, Healthcare, Automotive, Other End-Use Industries

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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