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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Third-Party Logistics (3PL) Market Size
The global third-party logistics (3PL) market reached a value of approximately USD 1,061.95 billion in 2023. The market is projected to grow at a CAGR of 5.30% between 2024 and 2032, reaching a value of around USD 1,685.54 billion by 2032.
Third-Party Logistics (3PL) Market Outlook
- The U.S. Department of State reports yearly totals of 30,000 shipments, 26 million pounds of stored household effects, and 50,000 travel transactions.
- China's government promotes LOGINK adoption by global ports, freight carriers, forwarders, and other countries by offering it for free.
- NITI Aayog reported that in 2022, India's logistics sector had reached a market value in excess of USD 15 billion.
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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