North America Contract Logistics Market Report and Forecast 2024-2032

North America Contract Logistics Market Size

The North America contract logistics market size was valued at USD 164.75 billion in 2023. The market is further projected to grow at a CAGR of 5.1% between 2024 and 2032, reaching a value of USD 259.99 billion by 2032.

Key Takeaways

• The gross revenue/turnover for United States contract software/systems segment of 3PL market attained a value of USD 3.8 Billion in 2021.

• The need for supply chain efficiency has made contract logistics service providers indispensable business partners for customers across all industries.

• In 2022, the motor vehicle production in the United States witnessed an increase of 10% as compared to 2021.

Companies are adopting contract logistics services at an unprecedented rate. This surge in demand is fuelled by several factors, such as changing consumer purchasing habits and the heightened necessity for businesses to efficiently scale their operations up or down in a cost-effective way. A major shift in consumer behaviour following the pandemic is the increased preference for the ease and convenience of online shopping over traditional brick-and-mortar buying experiences. All these factors are contributing to the North America contract logistics market growth.  

Key Trends Defining the Future of Contract Logistics (3PL)

Growing popularity of e-commerce: The ongoing expansion of online shopping is leading to substantial transformations within the logistics sector, necessitating that third-party logistics (3PL) providers adjust to cater to the evolving needs of today's consumers. Retailers, distributors, and all entities engaged in the final step of delivery can depend on 3PLs for cutting-edge technology and automated systems. These providers are capable of offering versatile shipping alternatives, including same-day or next-day delivery services, and supplying instantaneous tracking updates to guarantee customer contentment.

The increasing use of sustainability practices: Third-party logistics (3PL) providers can play a pivotal role in diminishing the environmental impact through strategies like optimising routes, consolidating deliveries, and utilising alternative fuels. These actions would only lessen their own carbon footprint but would also support their retail and shipping allies in making similar improvements. Furthermore, by providing insights into the carbon emissions linked to shipments and deliveries, 3PLs can aid their partners in reaching their sustainability objectives.

The extension of brand value: Enhancing brand value involves meeting customer expectations consistently across all interactions. This encompasses punctual deliveries, effective communication, and tailored customer support. Through these efforts, third-party logistics (3PL) providers can assist retailers in cultivating trust and loyalty among their customers, who anticipate a uniformly high-quality experience with each purchase and delivery.

North America Contract Logistics Market Report Snapshots

North America Contract Logistics Market Size

North America Contract Logistics Companies