Third Party Logistics Market

Global Third-party Logistics Market by Services (Dedicated Contract Carriage (DCC), Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing & Distribution (W&D), And Value-Added Logistics Services (VALs)), Mode of Transport (Airways, Waterways, Roadways And Railways), End-users (Retail, Manufacturing, Healthcare, Automotive, and Others), Regions (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts 2021-2028

  • Report ID: CM-3311
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 50
  • No. Of Pages: 199
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The global third-party logistics or 3PL market was valued 889.01 billion in 2020 and is anticipated to reach USD 1691.86 billion by 2028, expanding at a CAGR of 8.5% during the forecasted period, 2021-2028. Third party logistics enables manufacturers to outsource their logistics and distribution activities. Third party logistics company provides specialized services such as inventory management, door to door delivery, cross docking, and product packaging services. 3PL companies provide services such as tracking controlling the transportation activities for retailers and manufacturers.

Global Third Party Logistics Market Summary

The COVID-19 pandemic hindered the transportation and logistics due to closedown of manufacturing facilities is estimated to drive the market growth. The pandemic led to domino effect on services such as domestic transportation management (DTM) and created imbalance between import and export from infected areas and to tackle this situation, third party logistics companies have taken a step to start short term storage services which can have positive effect in post COVID recovery time.

Market Trends, Drivers, Restraints, and Opportunities

  • Rapid development of the e-commerce industry, rising competition in globalized community, and increased investments in logistics infrastructure in Asia and Middle East are the major factors driving the market growth.
  • Improved global economy and rising trading activities due to rapid globalization are the key factors driving the market growth. 
  • The increased demand for last minute shipping with convenient is anticipated to spur the market across the globe.
  • Increased outsourcing of logistics and transportation services coupled with growing e-commerce penetration are the major factors hindering the market growth of third-party logistical operations.
  • Improper communication between shippers, end-users, and carriers is expected to act as major challenge in the industry.
  • The changing global supply chain, constant developments in e-commerce industry with customized consumer experience has created enormous opportunities for the market.

Scope of the Report:

The report on global third-party logistics market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Global Third-party Logistics Market - Industry Analysis, Size, Share, Growth, Trends And Forecast

Base Year

2020

Historic Data

2016 to 2019

Forecast Period

2021-2028

Segmentation

Services (Dedicated Contract Carriage (DCC), Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing & Distribution (W&D), And Value-Added Logistics Services (VALs)), Mode of Transport (Airways, Waterways, Roadways And Railways), End-users (Retail, Manufacturing, Healthcare, Automotive, and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

DSV, DB Schenker Logistics, FedEx, J.B. Hunt Transport, Inc.; BDP International, C.H. Robinson Worldwide, Inc.; CEVA Logistics, Kuehne + Nagel, Nippon Express, and United Parcel Service of America, Inc.

Third-party Logistics Market Segment Insights

DTM segment to account a major market share

Based on services, the market can be divided into dedicated contract carriage (DCC), domestic transportation management (DTM), international transportation management (ITM), warehousing & distribution (W&D), and value-added logistics services (VALs). The domestic (DTM) segment accounted for more than 30% market share in 2020 and is estimated to dominate the market due to rising trade activities globally. Increased carrier rates and rising fuel charges are the factors driving the DTM segment.

Global Third Party Logistics Market Services

Roadways segment to dominate the market

On modes of transport, the third-party logistics market can be divided into airways, waterways, roadways and railways. The roadways segment held a prominent position with more than 55% market share in 2020. Increased investments in logistics departments and growing-public private partnership models are the factors expected to drive the marker growth. The airways segment is projected to expand at a high CAGR during the forecast period.

Manufacturing segment to hold a significant market share

In terms of end-users, the market can be segregated into automotive, retail, healthcare, manufacturing, and others. The manufacturing segment constituted more than 20% market share in 2020. Increasing retail supplies and manufacturing activities such as procurement of raw materials from parts of the globe is driving the segment growth.

Based on regions, the third-party logistics market can be segmented into North America Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held a maximum revenue share and anticipated to grow at a healthy rate during the forecast period. Increasing investments in logistics infrastructure and concentration on manufacturing and sourcing led toward the paradigm shift, which in turn, propelled the market growth.

Global Third Party Logistics Market Region

Segments

Segments Covered in Report
By Services

  • Dedicated Contract Carriage (DCC)
  • Domestic Transportation Management (DTM)
  • International Transportation Management (ITM)
  • Warehousing & Distribution (W&D)
  • Value-Added Logistics Services (VALs)

By Mode of Transport

  • Roadways
  • Railways
  • Waterways
  • Airways

By End-users

  • Retail
  • Manufacturing
  • Healthcare
  • Automotive
  • Others

By Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

By Key Players

  • DSV
  • DB Schenker Logistics
  • FedEx
  • J.B. Hunt Transport, Inc.
  • BDP International
  • C.H. Robinson Worldwide, Inc.
  • CEVA Logistics
  • Kuehne + Nagel
  • Nippon Express
  • United Parcel Service of America, Inc

Competitive Landscape

The major players in the global third-party logistics market are DSV, DB Schenker Logistics, FedEx, J.B. Hunt Transport, Inc.; BDP International, C.H. Robinson Worldwide, Inc.; CEVA Logistics, Kuehne + Nagel, Nippon Express, and United Parcel Service of America, Inc.

In February 2020, UPS opened a logistics facility in Nankan, Taiwan with USD 1.5 million investment, which offered the increase in UPS’s total storage capacity by more than 30% in Taiwan.

In 2019, Nippon Express USA, Inc. opened an office in n Lexington, Kentucky, aiming to build a logistics network by targeting automotive companies and to provide optimal transport services to customers.

Global Third Party Logistics Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Third-Party Logistics (3PL) Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Third-Party Logistics (3PL) Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Third-Party Logistics (3PL) Market - Supply Chain
  4.5. Global Third-Party Logistics (3PL) Market Forecast
     4.5.1. Third-Party Logistics (3PL) Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Third-Party Logistics (3PL) Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Third-Party Logistics (3PL) Market Absolute $ Opportunity
5. Global Third-Party Logistics (3PL) Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Third-Party Logistics (3PL) Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Third-Party Logistics (3PL) Demand Share Forecast, 2019-2026
6. North America Third-Party Logistics (3PL) Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Third-Party Logistics (3PL) Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Third-Party Logistics (3PL) Demand Share Forecast, 2019-2026
7. Latin America Third-Party Logistics (3PL) Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Third-Party Logistics (3PL) Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Third-Party Logistics (3PL) Demand Share Forecast, 2019-2026
8. Europe Third-Party Logistics (3PL) Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Third-Party Logistics (3PL) Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Third-Party Logistics (3PL) Demand Share Forecast, 2019-2026
9. Asia Pacific Third-Party Logistics (3PL) Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Third-Party Logistics (3PL) Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Third-Party Logistics (3PL) Demand Share Forecast, 2019-2026
10. Middle East & Africa Third-Party Logistics (3PL) Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Third-Party Logistics (3PL) Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Third-Party Logistics (3PL) Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Third-Party Logistics (3PL) Market: Market Share Analysis
  11.2. Third-Party Logistics (3PL) Distributors and Customers
  11.3. Third-Party Logistics (3PL) Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. DSV
     11.4.2. DB Schenker Logistics
     11.4.3. FedEx
     11.4.4. J.B. Hunt Transport, Inc.
     11.4.5. BDP International
     11.4.6. C.H. Robinson Worldwide, Inc.
     11.4.7. CEVA Logistics
     11.4.8. Kuehne + Nage

Segments Covered in Report
By Services

  • Dedicated Contract Carriage (DCC)
  • Domestic Transportation Management (DTM)
  • International Transportation Management (ITM)
  • Warehousing & Distribution (W&D)
  • Value-Added Logistics Services (VALs)

By Mode of Transport

  • Roadways
  • Railways
  • Waterways
  • Airways

By End-users

  • Retail
  • Manufacturing
  • Healthcare
  • Automotive
  • Others

By Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

By Key Players

  • DSV
  • DB Schenker Logistics
  • FedEx
  • J.B. Hunt Transport, Inc.
  • BDP International
  • C.H. Robinson Worldwide, Inc.
  • CEVA Logistics
  • Kuehne + Nagel
  • Nippon Express
  • United Parcel Service of America, Inc

The major players in the global third-party logistics market are DSV, DB Schenker Logistics, FedEx, J.B. Hunt Transport, Inc.; BDP International, C.H. Robinson Worldwide, Inc.; CEVA Logistics, Kuehne + Nagel, Nippon Express, and United Parcel Service of America, Inc.

In February 2020, UPS opened a logistics facility in Nankan, Taiwan with USD 1.5 million investment, which offered the increase in UPS’s total storage capacity by more than 30% in Taiwan.

In 2019, Nippon Express USA, Inc. opened an office in n Lexington, Kentucky, aiming to build a logistics network by targeting automotive companies and to provide optimal transport services to customers.

Global Third Party Logistics Market Key Players

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