3PL Market Size, Share, Sales, Analysis, Forecast By Mode of Transportation (Railways, Roadways, Waterways and Airways), By Service Type (Dedicated Contract Carriage (DCC), Domestic Transportation Management, International Transportation Management, Warehousing & Distribution and Others), By Industry (Technological, Automotive, Retailing, Food & Groceries, Healthcare and Others), Industry Competition & Player Profiles, 2022-2032

The 3PL market was worth US$ 815.01 billion in 2019 and is expected to grow at a CAGR of 7.1% through 2030. In logistics and supply chain management, third-party logistics is the use of third-party businesses by an organization to outsource aspects of its distribution, warehousing, as well as delivery services.

Third-party distribution providers support companies by reducing operational expenses to focus on their main market and achieve strong sales. This programs often provide organizations with added value across the overall supply chain process, resulting in a productive and profitable supply chain.  Sales in the e-commerce market are growing constantly and fueling consumer demands. E-commerce revenue increased by 13%, hitting USD 29 trillion in 2019, according to United Nations figures. In addition, the market's last-minute deliveries are getting more difficult as consumers require quick shipments and have become more precise about their demands for delivery. Thus, it has become an important aspect of the business or organization to full fill consumer requirement.  There are large networks of services around the country and the globe for 3PL providers. It entails warehousing space, trucking and logistics fleets, human resources and infrastructure that the business can take advantage of without the huge overhead and capital investment required to set up all this on your own. This degree of versatility leads to substantial cost cuts and have a major effect on the bottom line.

The Asia Pacific region is the world's largest 3PL market and is also the region with the fastest growth. In the Asia Pacific region with more than 53 % market share, China dominates the 3PL market. With rapidly developing economies and rising e-commerce penetration, the Southeast Asia zone is the new hotspot in the Asia Pacific. India is also one of the main markets which over the forecast period, is expected to rise strongly.

3PL Market Value Share Analysis, by Geography (2021)

The report titled “3PL Market- Global Market Share, Trends, Analysis and Forecasts, 2022-2032”, wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global 3PL market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the global 3PL market.

The global 3PL market has been segmented into mode of transport, service type, industry, and geography. On the basis of mode of transportation, the market has been segmented into railways, roadways, waterways, and airways. By service type, the global market has been segregated into Dedicated Contract Carriage (DCC), Domestic Transportation Management, International Transportation Management, Warehousing & Distribution, and Others. Based on industry, the global market can be segmented into Technological, Automotive, Retailing, Elements, Food & Groceries, Healthcare, and Others. Based on geography, the global 3PLmarket is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Belgium, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, the UAE, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.

The research provides in-depth analysis of prominent players holding majority share of the global 3PL market with a focus on all operating business segment and would identify and analyze the segment of the company focusing on 3PL. Further, market share of prominent companies in the global 3PL market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focusing on the 3PL manufacturing companies. The global 3PL market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products and innovations regarding 3PL segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new innovations and patent filing information and geographic expansion in the global 3PL market.

Major players active in the global 3PL market include BDP International, Burris Logistics, C.H. Robinson Worldwide (CHRW) Inc., CEVA Logistics, DSV Panalpina A/S, DB Schenker Logistics, FedEx Corporation, J.B. Hunt Transport Services, Inc., Kuehne + Nagel International AG, Nippon Express Co., Ltd., UPS Supply Chain Solutions, Inc., XPO Logistics, Inc. and others.

Segmentation:

By Mode of Transportation

• Railways
• Roadways
• Waterways
• Airways

By Service Type

• Dedicated Contract Carriage (DCC)
• Domestic Transportation Management
• International Transportation Management
• Warehousing & Distribution
• Other

By Industry

• Technological
• Automotive, Retailing
• Food & Groceries
• Healthcare,
• Others

By Geography

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • Belgium
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • India
  • China
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Rest of Middle East & Africa
• South America
  • Brazil
  • Rest of South America