Press release
Third-Party Logistics (3PL) Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Third Party Logistics 3PL
The third-party logistics market is predicted to surge due to the progression of the e-commerce sector. E-commerce consists of firms and individuals that execute the buying and selling of commodities and services over the Internet, and several of these businesses utilize third-party logistics providers (3PL) to handle their supply chain management tasks. For example, as per the data released by the United States Census Bureau in August 2024, a government organization in the US, during this period, e-commerce sales escalated to $282.3 billion, recording a 5.3% growth compared to the first quarter of the year 2023. Furthermore, the second quarter of 2024 saw e-commerce sales accounting for 16% of the total retail sales. Consequently, the expansion of the e-commerce industry is fueling the third-party logistics market's advancement.
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What Is the projected market size and growth rate for the third-party logistics (3pl) market?
Recently, there has been significant growth in the third-party logistics (3PL) market size. This market is projected to expand from $1208.11 billion in 2024 to $1328.87 billion in 2025, recording a compound annual growth rate (CAGR) of 10.0%. Factors contributing to this growth during the historic period include a rise in trade and exports, global population growth, government-led initiatives, and rising demand from end-use industries.
In the coming years, the third-party logistics (3PL) market size is anticipated to witness a significant surge, reaching a value of $1975.94 billion in 2029, at a compound annual growth rate (CAGR) of 10.4%. Factors such as swift growth in the e-commerce sector, an increase in retail penetration, and an escalating demand for effective inventory control are predicted to fuel this growth during the forecast period. Furthermore, several trends are set to shape the forecast period, including the employment of artificial intelligence, the utility of cutting-edge logistics management systems, the introduction of electric vehicles, the application of advanced analytics and data-centred solutions, the integration of cloud-based logistics platforms, the innovation in last-mile delivery and strategic partnerships, and collaborations.
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What are the emerging trends shaping the future of the third-party logistics (3pl) market?
The use of artificial intelligence is on the rise among wholesalers and third-party logistics (3PL) providers. Leveraging AI can enhance route planning and vehicle fleet management in logistics. For instance, in January 2022, an artificial intelligence-enabled omnichannel supply chain platform was launched by Verte, an American e-commerce service provider. The tech solutions from Verte offer real-time insights into supply chains through a data-centric platform, ensuring supply chain transparency. It brings together data solutions that can tackle key industry issues related to inventory management and customer fulfillment, enabling more effective operations for retailers, shippers, 3PLs, and carriers. Verte stands as a sophisticated link to demand channels, on-hand and in-transit products, carriers, service providers, and any physical location. Verte's platform employs a unified data-driven strategy which uses AI to aid in manufacturing, planning and positioning inventory across a diverse retail fulfillment network. The AI-driven inventory solutions from Verte evaluate consumer fulfillment preferences and purchasing patterns, enhancing e-commerce and shop inventory volumes.
What major market segments define the scope and growth of the third-party logistics (3pl) market?
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
Subsegments:
1) By Dedicated Contract Carriage (DCC): Fleet Management, Route Optimization, Driver Management
2) By Domestic Transportation Management (DTM): Truckload (TL) Services, Less-than-Truckload (LTL) Services, Intermodal Transportation
3) By International Transportation Management (ITM): Ocean Freight Management, Air Freight Management, Customs Brokerage
4) By Warehousing And Distribution: Inventory Management, Order Fulfillment, Cross-Docking Services
5) By Other Service Types: Reverse Logistics, Freight Forwarding, Supply Chain Consulting
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Which region dominates the third-party logistics (3pl) market?
Asia-Pacific was the largest region in the third-party logistics market in 2024. The regions covered in the third-party logistics (3PL) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the third-party logistics (3pl) industry growth?
Major companies operating in the third-party logistics (3PL) market include 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, Weber Logistics, XPO Logistics Inc, TA Services Yusen Logistics Co. Ltd, BDP International Inc, Burris Logistics, ShipMonk, Expeditors International, Pronto Cargo Logistics & Supply Chain, 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
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What Is Covered In The Third-Party Logistics (3PL) Global Market Report?
• Market Size Forecast: Examine the third-party logistics (3pl) market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the third-party logistics (3pl) market for a structured understanding.
• Key Players Overview: Analyze major players in the third-party logistics (3pl) market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the third-party logistics (3pl) market.
• Segment Contributions: Evaluate how different segments drive overall growth in the third-party logistics (3pl) market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the third-party logistics (3pl) market.
• Industry Challenges: Identify potential risks and obstacles affecting the third-party logistics (3pl) market.
• Competitive Landscape: Review strategic developments in the third-party logistics (3pl) market, including expansions, agreements, and new product launches.
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