U.S. Third-Party Logistics (3PL) Market to Surpass USD 1 Trillion by 2032, Fueled by E-Commerce & Global Trade Surge

According to a recent report by Allied Market Research, the U.S. third-party logistics (3PL) market was valued at $435.43 billion in 2022 and is expected to more than double, reaching $1,028.24 billion by 2032, growing at a CAGR of 9.3% from 2023 to 2032. The report explores transformative trends across mode of transport, service offerings, industry sectors, and evolving customer expectations.

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The growth of the U.S. third-party logistics market is being driven by an increase in global trading activity, the development of the e-commerce industry, and the expansion of the manufacturing sector. However, manufacturers' lack of control over logistics services and security concerns impede market growth. On the contrary, the increased use of IT solutions and software, as well as the increase in demand for consumer electronics, are expected to provide profitable growth opportunities for the market.

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.

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.

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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.

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.

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The e-commerce logistics industry includes many elements, such as transportation, value-added services, and warehousing, of which logistics represents a significant part of the industry. Customers expect a high level of omnichannel delivery service, with the advent of e-commerce and next-day delivery promises. Companies that provide international deliveries typically work with two or three dozen delivery partners specializing in different geographic areas.

🚀 Key Developments in the U.S. Third-Party Logistics (3PL) Industry
Top players in the U.S. 3PL sector are accelerating their market position through strategic acquisitions, partnerships, digital innovations, and infrastructure expansion. Here's a roundup of recent major developments shaping the future of logistics in the United States:

🔹 📦 March 2023 - A.P. Moller-Maersk Launches "Captain Peter" API Package
Maersk introduced Captain Peter Integrated Package, a cutting-edge solution enabling seamless data integration via APIs.
✅ Benefit: Customers can now integrate raw data logs-including temperature readings-into their own systems to monitor perishable goods and reefer conditions in real time.

🔹 🤝 January 2023 - Maersk Acquires Martin Bencher Group
In a move to boost its project logistics capabilities, Maersk acquired Martin Bencher, a globally recognized expert in oversized freight and high-reliability logistics solutions.
🎯 Focus: Health, Safety, Security & Environment (HSSE) compliance and innovative technical transport strategies.

🔹 🏭 November 2023 - DHL Expands Automated Warehousing in the U.S.
DHL Group announced plans to launch four new automated warehouses to scale up its digitization efforts in global logistics.
📍 U.S. Sites: Memphis (TN), Fort Worth (TX), Indianapolis (IN), Atlanta (GA)
🤖 Powered by: AutoStore's automated storage and retrieval systems for enhanced speed and efficiency.

🔹 🚚 June 2022 - DB Schenker Acquires USA Truck
DB Schenker completed the acquisition of USA Truck, a key step to strengthen its domestic presence in the U.S. logistics market.
🌍 Synergy: Expands reach in U.S. and Mexico while enabling cross-selling of air, ocean, and supply chain services to USA Truck's customer base.

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By Service Type

Dedicated Contract Carriage (DCC)
Domestic Transportation Management
International Transportation Management
Warehousing and Transportation
Others

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