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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Third-Party Logistics (3PL) Market Analysis by Region
North America is the frontrunner in driving the global 3PL market growth. This is fueled by the e-commerce boom, expanding economies in the region, and government support for logistics infrastructure. Additionally, North America tech adoption in logistics is creating a dynamic environment for 3PL providers to thrive.
According to USDT, in the United States, by 2045, the Demand for freight is expected to grow by about 40 per cent which will further boost the third-party logistics (3PL) market growth.
Increasing international trade in Europe has amplified the demand for efficient transportation services to move goods across borders. 3PL providers facilitate the complex logistics networks required for global trade, ensuring timely and cost-effective delivery.
This growing demand is reflected in data from Statistics Poland, which shows the volume of goods transported increased from 2,253,377 thousand tonnes in 2021 to 2,277,093 thousand tonnes in 2022. Further, indicates the rise in the demand for the third-party logistics (3PL) market.
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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