In 2021, the global third-party logistics (3PL) market achieved a significant milestone by reaching a worth of $1.3 trillion. Analysts project that this market will continue its impressive growth trajectory, reaching $2.8 trillion by 2031, which translates to an annual growth rate of 8.8% from 2022 to 2031.
Third-party logistics (3PL) providers have become instrumental for businesses—particularly those in the eCommerce sector—in outsourcing critical logistic and distribution activities. The bouquet of services provided by these third-party logistics companies includes, but is not limited to, inventory management, cross-docking, door-to-door delivery, and product packaging. The key benefits for enterprises include enhanced customer service, better scalability, risk reduction in product handling, promotion of business expansion, and efficient execution of core business operations. Moreover, the 3PL model optimizes asset utilization and fosters collaborative alliances, thereby driving its demand and fueling market growth. Today, the 3PL services are available across various transport modes and include an array of services like dedicated contract carriage (DCC), domestic and international transportation management.
Companies with international shipping needs typically engage a diversified pool of two to three dozen delivery partners, each with their own regional specialties. Large e-commerce corporations, like Amazon, maintain robust in-house teams functioning as their 3PL arm, investing heavily in managing, controlling, and improving their logistics. Also, Kestraa, a Brazilian startup, raised $2.7 million from Canary Ventures and other angel investors to develop logistics software. The Kestraa solution is a cloud-based B2B platform for freight management that connects various logistics stakeholders, enabling them to manage shipments, foresee delays, and optimize delivery time.
Other factors accelerating the growth of the 3PL market include advancements in technology, growth in the automotive industry, increasing last-mile connectivity, and rising cross-border trade activities. For instance, the Indian government recently rolled out the Multi-Modal Logistics Parks Policy (MMLPs) to bolster the country's logistics sector. A staggering investment of $500 billion in the logistics sector by 2025 has been announced by the Indian Union Minister of Commerce and Industry. In addition, a National Logistics Portal was launched to function as a transactional e-marketplace, connecting buyers, logistics service providers, and government agencies.
Globalization-driven trade activities, growth in the manufacturing sector, and the rise of the e-commerce industry are instrumental in the expansion of the third-party logistics (3PL) market. However, the market's growth could be stymied by factors like manufacturers' lack of control over logistics services, inferior infrastructure, and high logistics costs. Meanwhile, the increasing adoption of IT solutions & software and the growing demand for consumer electronics present new opportunities for market players.
Key Market Segments
By Mode of Transport:
- Railways
- Roadways
- Waterways
- Airways
By Service Type:
- Dedicated Contract Carriage (DCC)
- Domestic Transportation Management
- International Transportation Management
- Warehousing and Transportation
- Others
By Industry:
- Technological
- Automotive
- Retailing
- Elements
- Food and Beverages
- Healthcare
- Others
By Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Major Market Players:
- C.H. Robinson Worldwide, Inc.
- db schenker
- DSV
- Geodis
- Kuehne+Nagel Inc.
- FedEx Corporation
- XPO Logistics Inc.
- United Parcel Service of America, Inc.
- a.p. moller - maersk
- DHL International GmbH
[TABLE OF CONTENTS]
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- CHAPTER 2: EXECUTIVE SUMMARY
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. High bargaining power of buyers
- 3.3.3. Moderate threat of substitutes
- 3.3.4. High threat of new entrants
- 3.3.5. Moderate intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increase in trading activities due to globalization
- 3.4.1.2. Growth in manufacturing industry
- 3.4.1.3. Development of the e-commerce industry
- 3.4.2. Restraints
- 3.4.2.1. Lack of control of manufacturers on logistics service
- 3.4.2.2. Poor infrastructure and higher logistics costs
- 3.4.3. Opportunities
- 3.4.3.1. Surge in use of IT solutions & software
- 3.4.3.2. Rising demand for consumer electronics
- 3.5. COVID-19 Impact Analysis on the market
- CHAPTER 4: THIRD-PARTY LOGISTICS (3PL) MARKET, BY MODE OF TRANSPORT
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Railways
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Roadways
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Waterways
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Airways
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- CHAPTER 5: THIRD-PARTY LOGISTICS (3PL) MARKET, BY SERVICE TYPE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Dedicated Contract Carriage (DCC)
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Domestic Transportation Management
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. International Transportation Management
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Warehousing and Transportation
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
- 5.6. Others
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
- CHAPTER 6: THIRD-PARTY LOGISTICS (3PL) MARKET, BY INDUSTRY
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Technological
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Automotive
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Retailing
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Elements
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Food and Beverages
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
- 6.7. Healthcare
- 6.7.1. Key market trends, growth factors and opportunities
- 6.7.2. Market size and forecast, by region
- 6.7.3. Market share analysis by country
- 6.8. Others
- 6.8.1. Key market trends, growth factors and opportunities
- 6.8.2. Market size and forecast, by region
- 6.8.3. Market share analysis by country
- CHAPTER 7: THIRD-PARTY LOGISTICS (3PL) MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Mode of Transport
- 7.2.3. Market size and forecast, by Service Type
- 7.2.4. Market size and forecast, by Industry
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Mode of Transport
- 7.2.5.1.3. Market size and forecast, by Service Type
- 7.2.5.1.4. Market size and forecast, by Industry
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Mode of Transport
- 7.2.5.2.3. Market size and forecast, by Service Type
- 7.2.5.2.4. Market size and forecast, by Industry
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Mode of Transport
- 7.2.5.3.3. Market size and forecast, by Service Type
- 7.2.5.3.4. Market size and forecast, by Industry
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Mode of Transport
- 7.3.3. Market size and forecast, by Service Type
- 7.3.4. Market size and forecast, by Industry
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. UK
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Mode of Transport
- 7.3.5.1.3. Market size and forecast, by Service Type
- 7.3.5.1.4. Market size and forecast, by Industry
- 7.3.5.2. Germany
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Mode of Transport
- 7.3.5.2.3. Market size and forecast, by Service Type
- 7.3.5.2.4. Market size and forecast, by Industry
- 7.3.5.3. France
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Mode of Transport
- 7.3.5.3.3. Market size and forecast, by Service Type
- 7.3.5.3.4. Market size and forecast, by Industry
- 7.3.5.4. Italy
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Mode of Transport
- 7.3.5.4.3. Market size and forecast, by Service Type
- 7.3.5.4.4. Market size and forecast, by Industry
- 7.3.5.5. Rest of Europe
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Mode of Transport
- 7.3.5.5.3. Market size and forecast, by Service Type
- 7.3.5.5.4. Market size and forecast, by Industry
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Mode of Transport
- 7.4.3. Market size and forecast, by Service Type
- 7.4.4. Market size and forecast, by Industry
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Mode of Transport
- 7.4.5.1.3. Market size and forecast, by Service Type
- 7.4.5.1.4. Market size and forecast, by Industry
- 7.4.5.2. Japan
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Mode of Transport
- 7.4.5.2.3. Market size and forecast, by Service Type
- 7.4.5.2.4. Market size and forecast, by Industry
- 7.4.5.3. India
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Mode of Transport
- 7.4.5.3.3. Market size and forecast, by Service Type
- 7.4.5.3.4. Market size and forecast, by Industry
- 7.4.5.4. Australia
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Mode of Transport
- 7.4.5.4.3. Market size and forecast, by Service Type
- 7.4.5.4.4. Market size and forecast, by Industry
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Mode of Transport
- 7.4.5.5.3. Market size and forecast, by Service Type
- 7.4.5.5.4. Market size and forecast, by Industry
- 7.5. South America
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Mode of Transport
- 7.5.3. Market size and forecast, by Service Type
- 7.5.4. Market size and forecast, by Industry
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Argentina
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Mode of Transport
- 7.5.5.1.3. Market size and forecast, by Service Type
- 7.5.5.1.4. Market size and forecast, by Industry
- 7.5.5.2. Brazil
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Mode of Transport
- 7.5.5.2.3. Market size and forecast, by Service Type
- 7.5.5.2.4. Market size and forecast, by Industry
- 7.5.5.3. Rest of South America
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Mode of Transport
- 7.5.5.3.3. Market size and forecast, by Service Type
- 7.5.5.3.4. Market size and forecast, by Industry
- 7.6. Middle East & Africa
- 7.6.1. Key trends and opportunities
- 7.6.2. Market size and forecast, by Mode of Transport
- 7.6.3. Market size and forecast, by Service Type
- 7.6.4. Market size and forecast, by Industry
- 7.6.5. Market size and forecast, by country
- 7.6.5.1. Saudi Arabia
- 7.6.5.1.1. Key market trends, growth factors and opportunities
- 7.6.5.1.2. Market size and forecast, by Mode of Transport
- 7.6.5.1.3. Market size and forecast, by Service Type
- 7.6.5.1.4. Market size and forecast, by Industry
- 7.6.5.2. UEA
- 7.6.5.2.1. Key market trends, growth factors and opportunities
- 7.6.5.2.2. Market size and forecast, by Mode of Transport
- 7.6.5.2.3. Market size and forecast, by Service Type
- 7.6.5.2.4. Market size and forecast, by Industry
- 7.6.5.3. Egypt
- 7.6.5.3.1. Key market trends, growth factors and opportunities
- 7.6.5.3.2. Market size and forecast, by Mode of Transport
- 7.6.5.3.3. Market size and forecast, by Service Type
- 7.6.5.3.4. Market size and forecast, by Industry
- 7.6.5.4. Rest of MEA
- 7.6.5.4.1. Key market trends, growth factors and opportunities
- 7.6.5.4.2. Market size and forecast, by Mode of Transport
- 7.6.5.4.3. Market size and forecast, by Service Type
- 7.6.5.4.4. Market size and forecast, by Industry
- CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2021
- CHAPTER 9: COMPANY PROFILES
- 9.1. a.p. moller - maersk
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. C.H. Robinson Worldwide, Inc.
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. db schenker
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. DHL International GmbH
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. DSV
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. FedEx Corporation
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.6.7. Key strategic moves and developments
- 9.7. Geodis
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Key strategic moves and developments
- 9.8. Kuehne+Nagel Inc.
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.9. XPO Logistics Inc.
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
- 9.10. United Parcel Service of America, Inc.
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments