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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Third-Party Logistics (3PL) Market Growth
3PL providers offer a range of logistics solutions tailored to meet the needs of businesses, allowing companies to focus on their core competencies while outsourcing complex logistics operations. 3PL companies help with customs clearance and documentation for international shipments. They manage the movement of goods across borders, ensuring adherence to international regulations. Moreover, Increased spending on transportation and warehousing is a key driver for the growth of the 3PL market, as businesses seek efficient, scalable, and cost-effective logistics solutions to meet the demands of a dynamic and competitive marketplace.
According to the National Freight and Supply Chain Strategy, freight volume in Australia is expected to grow by over 35 per cent between 2018 and 2040, increasing by 270 billion tonnes. This indicates the growth of the third-party logistic market in the country.
Third-Party Logistics (3PL) Market Report Snapshots
Third-Party Logistics (3PL) Market Size
Third-Party Logistics (3PL) Market Growth
Third-Party Logistics (3PL) Market Trends
Third-Party Logistics (3PL) Manufacturers
Third-Party Logistics (3PL) Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The third-party logistics (3PL) market was valued at USD 1,061.95 billion in 2023.
The market is projected to grow at a CAGR of 5.30% between 2024 and 2032.
The revenue generated from the third-party logistics (3PL) market is expected to reach USD 1,685.54 billion in 2032.
The market key players are DHL Global Forwarding, Kuehne + Nagel International AG, DB Schenker, DSV A/S, Sinotrans Changhang Group, Panalpina, Nippon Express Co., Ltd., Expeditors, UPS Supply Chain Solutions Inc., Hitachi Transport System, C.H. Robinson, Hellmann Worldwide Logistics SE & Co. KG, Bolloré Logistics, CEVA Logistics, and Yusen Logistics Co., Ltd. among others.
Based on end use, the global third-party logistics market is broken down into food and beverage, automotive, consumer and retail, IT and telecom, healthcare, energy, and others.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
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