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U.S. Third-Party Logistics Market is set to surpass $1,028.24 billion, driven by a projected CAGR of 9.3%

05-02-2024 12:30 PM CET | Logistics & Transport

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
U.S. Third-Party Logistics Market

U.S. Third-Party Logistics Market

๐“๐ก๐ž ๐”.๐’. ๐“๐ก๐ข๐ซ๐-๐๐š๐ซ๐ญ๐ฒ ๐‹๐จ๐ ๐ข๐ฌ๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฌ๐ข๐ณ๐ž ๐ฐ๐š๐ฌ ๐ฏ๐š๐ฅ๐ฎ๐ž๐ ๐š๐ญ $๐Ÿ’๐Ÿ‘๐Ÿ“.๐Ÿ’๐Ÿ‘ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ, ๐š๐ง๐ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ซ๐ž๐š๐œ๐ก $๐Ÿ,๐ŸŽ๐Ÿ๐Ÿ–.๐Ÿ๐Ÿ’ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ, ๐ซ๐ž๐ ๐ข๐ฌ๐ญ๐ž๐ซ๐ข๐ง๐  ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ—.๐Ÿ‘% ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ. Third-party logistics (3PL), in the supply chain management of a company, is a third-party business operated by manufacturers to provide fulfilment services and distribute products of the company. These services consist of warehousing, integrated operations, and transportation services, which are scaled according to customer needs and market conditions. Logistics service providers are responsible for the delivery of goods from manufacturers to consumers.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/A105892

The U.S. third-party logistics market is bifurcated into mode of transport, service type, and industry. On the basis of mode of transport, the market is classified into railway, roadway, waterways, and airways. On the basis of service type, the U.S. 3PL industry is categorized into dedicated contract carriage (DCC), domestic transportation management, international transportation management, warehousing & transportation, and others. By industry, the market is divided on the basis of technological, automotive, retailing, elements, food & beverage, and healthcare.

๐“๐ก๐ž ๐ค๐ž๐ฒ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ฉ๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž

๐€.๐. ๐Œ๐จ๐ฅ๐ฅ๐ž๐ซ-๐Œ๐š๐ž๐ซ๐ฌ๐ค, ๐‚.๐‡. ๐‘๐จ๐›๐ข๐ง๐ฌ๐จ๐ง ๐–๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž, ๐ˆ๐ง๐œ., ๐ƒ๐ ๐’๐œ๐ก๐ž๐ง๐ค๐ž๐ซ, ๐ƒ๐‡๐‹ ๐†๐ซ๐จ๐ฎ๐ฉ, ๐ƒ๐’๐•, ๐†๐„๐Ž๐ƒ๐ˆ๐’, ๐Š๐ฎ๐ž๐ก๐ง๐ž+๐๐š๐ ๐ž๐ฅ, ๐…๐ž๐๐„๐ฑ, ๐—๐๐Ž ๐ˆ๐ง๐œ., ๐š๐ง๐ ๐”๐ง๐ข๐ญ๐ž๐ ๐๐š๐ซ๐œ๐ž๐ฅ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐จ๐Ÿ ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š, ๐ˆ๐ง๐œ. ๐“๐ก๐ž ๐œ๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ ๐ก๐š๐ฏ๐ž ๐š๐๐จ๐ฉ๐ญ๐ž๐ ๐ฌ๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐ž๐ฌ ๐ฌ๐ฎ๐œ๐ก ๐š๐ฌ ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ ๐ฅ๐š๐ฎ๐ง๐œ๐ก๐ž๐ฌ, ๐œ๐จ๐ง๐ญ๐ซ๐š๐œ๐ญ๐ฌ, ๐ž๐ฑ๐ฉ๐š๐ง๐ฌ๐ข๐จ๐ง๐ฌ, ๐š๐ ๐ซ๐ž๐ž๐ฆ๐ž๐ง๐ญ๐ฌ, ๐š๐ง๐ ๐จ๐ญ๐ก๐ž๐ซ๐ฌ ๐ญ๐จ ๐ข๐ฆ๐ฉ๐ซ๐จ๐ฏ๐ž ๐ญ๐ก๐ž๐ข๐ซ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ข๐ง๐ .

Large e-commerce companies, such as Amazon, have huge in-house teams that act as their third-party logistics. They spend a lot of money and effort managing, controlling, and improving their logistics. Furthermore, an increase in cross-border e-commerce activities and the growth of e-commerce start-ups are expected to drive the demand for the United States third-party logistics market.

๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐ญ๐ก๐ž ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/e926d1763173598d67ed28b2967bd2ec

In 2022, the manufacturing sector contributed $2.3 trillion to the country's GDP amounting to 11.4 % of total GDP. From 1996 to 2021, the country witnessed a CAGR of 2.1% in its manufacturing sector. However, in recent years, the country has seen a minute decline in its manufacturing sector, majorly due to rise in inflation, disruption in supply chain, COVID-19 pandemic, and Russia-Ukraine conflict. However, as compared to other countries across the world the U.S. has seen a stable market growth in manufacturing sector. The stable growth in the manufacturing industry is anticipated to drive the market expansion for third-party logistics market in the United States.

The growth rate of the manufacturing industry of the country is an indicator of its economic strength. The U.S. is the second biggest manufacturer in the world after China, the country major exports include cars, electronics, aircraft parts, and food & beverages.

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ž ๐‘๐ž๐ช๐ฎ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/A105892

The change in global supply chain to become more customer-centric enables the companies to outsource their supply chain activities to focus on adaptability and responsiveness. In the interim, omni channel operation demands reliable, fast, and free shipping services, which has resulted in companies adopting a new business model to provide low-cost and on-demand delivery services. Similarly, many market players are finding lucrative opportunities in emerging economies such as China, Japan, and India, where the large populations are coupled with new innovations in numerous industries.

๐Š๐„๐˜ ๐…๐ˆ๐๐ƒ๐ˆ๐๐†๐’ ๐Ž๐… ๐“๐‡๐„ ๐’๐“๐”๐ƒ๐˜

By mode of transport, the airways segment is anticipated to exhibit significant growth rate in the U.S. third-party logistics system market in the near future.

By service type, the warehousing and transportation segment is anticipated to exhibit significant growth in the market in the near future.

By industry, the technological segment is anticipated to exhibit significant growth rate in the U.S. 3PL market in the near future.

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ž ๐ซ๐ž๐ฅ๐š๐ญ๐ž๐ ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ฉ๐ฎ๐›๐ฅ๐ข๐ฌ๐ก๐ž๐ ๐›๐ฒ ๐€๐Œ๐‘ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Third-party Logistics (3PL) Market - https://www.prnewswire.com/news-releases/third-party-logistics-3pl-market-to-reach-1-789-94-bn-globally-by-2027-at-7-1-cagr-allied-market-research-301097691.html

Energy Logistics Market - https://www.prnewswire.com/news-releases/energy-logistics-market-to-reach-1-383-7-bn-globally-by-2031-at-14-7-cagr-allied-market-research-301619001.html

Europe Cold Chain Logistics Market - https://www.globenewswire.com/en/news-release/2021/05/18/2231335/0/en/Europe-Cold-Chain-Logistics-Market-to-Generate-79-16-Billion-by-2025-Says-Allied-Market-Research.html

Pharmaceutical Logistics Market - https://www.globenewswire.com/en/news-release/2022/10/31/2544570/0/en/Pharmaceutical-Logistics-Market-to-Garner-106-8-Billion-by-2031-Allied-Market-Research.html

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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