Global Third-party Logistics Market Size, Trends & Growth Opportunity, By Service (Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing &Distribution (W&D), Value Added Logistics Services (VALs)), By Transport (Roadways, Railways, Waterways, Airways), By End-use (Manufacturing, Retail, Healthcare
Report ID : QR1001455 | Industries : Automotive and Transportation | Published On :March 2022 | Page Count : 239Global Third-party Logistics Market
The global Third-party Logistics market was valued at USD 11227 million in 2020 which expected to reach USD 1786.92 million by 2027 at a CAGR 7.2% from 2020-2027.
3PL is the function that allows a manufacturer to outsource logistics and distribution activities. A 3PL company can offer specialized services like inventory management, cross-docking, door-to-door delivery, and product packaging. Because of the growth of the e-commerce industry, the market for 3PL services is expected to grow significantly. Furthermore, demand for this service is expected to rise in the near future as manufacturers and retailers focus more on their core business (known as core competencies) and subcontracting activities, such as logistics, where they have less expertise.
Market Drivers
Globalization has resulted in an increase in trading activity.
The key factors driving globalization are dynamic market conditions and global economic improvement. As a result of the rise in globalization, various trade-related activities have increased. As a result, manufacturers and retailers find it difficult to keep track of and control these activities in an efficient manner. 3PL companies assist these manufacturers in keeping track of and controlling these activities. This factor is anticipated to propel the market.
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Market Restraints
The most critical factors restricting this market's growth are the loss of direct control over the logistics service and the potential loss of reputation.
Impact of COVID-19
The global supply chain has been impacted by the Coronavirus pandemic. The crisis put a strain on transportation and logistics resources that had never been seen before. Shippers are experiencing uncertainty in the movement of goods as a result of lockdowns in certain countries. Because of a supply/demand imbalance and a lack of capacity for long-haul and last-mile fulfilment services, logistics networks are being disrupted. The logistics activities are further hampered by a lack of personnel and a reduction in working hours. The COVID-19 outbreak has a cascading effect on the Domestic Transportation Management (DTM) service. Infected areas have seen an imbalance between incoming and outgoing freight, which is lengthening the lead time.
Market Segmentation
The Global Third-party Logistics Market is segmented into Service, Transport, Distribution Channel and Growing System. By Service such as Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing &Distribution (W&D), Value Added Logistics Services (VALs). By Transport such as Roadways, Railways, Waterways, Airways. By End-use such as Manufacturing, Retail, Healthcare, Automotive, Others.
Regional Analysis
Global Third-party Logistics Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. During the forecast period, the Third-party Logistics market in APAC is expected to grow at the fastest CAGR. The expansion of trans-regional trade corridors and gateways is expected to create a significant opportunity for 3PL providers. The concentration of manufacturing and sourcing in China has resulted in a strategic shift in other countries' technology, pharmaceutical, and automotive sectors. This shift is expected to drive market growth in countries such as India, South Korea, Japan, and Vietnam. The ongoing development of logistics infrastructure, as well as the increased emphasis on transportation practices in emerging markets, are expected to drive market growth.
Key Players
Various key players are listed in this report such as BDP International, Burris Logistics, C.H. Robinson Worldwide, Inc., CEVA Logistics, DSV, DB Schenker Logistics, FedEx, J.B. Hunt Transport, Inc., Nippon Express
Market Taxonomy
By Service
- Dedicated Contract Carriage (DCC)/Freight forwarding
- Domestic Transportation Management (DTM)
- International Transportation Management (ITM)
- Warehousing &Distribution (W&D)
- Value Added Logistics Services (VALs)
By Transport
- Roadways
- Railways
- Waterways
- Airways
By End-use
- Manufacturing
- Retail
- Healthcare
- Automotive
- Others
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Third-party Logistics Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Third-party Logistics Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Third-party Logistics Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Third-party Logistics Market, By Service
5.1 Y-o-Y Growth Comparison, By Service
5.2 Global Third-party Logistics Market Share Analysis, By Service
5.3 Global Third-party Logistics Market Size and Forecast, By Service
5.3.1 Dedicated Contract Carriage (DCC)/Freight forwarding
5.3.2 Domestic Transportation Management (DTM)
5.3.3International Transportation Management (ITM)
5.3.4cWarehousing &Distribution (W&D)
5.3.5 Value Added Logistics Services (VALs)
6 Global Third-party Logistics Market, By Transport
6.1 Y-o-Y Growth Comparison, By Transport
6.2 Global Third-party Logistics Market Share Analysis, By Transport
6.3 Global Third-party Logistics Market Size and Forecast, By Transport
6.3.1 Roadways
6.3.2 Railways
6.3.3 Waterways
6.3.4 Airways
7 Global Third-party Logistics Market, By End-use
7.1 Y-o-Y Growth Comparison, By End-use
7.2 Global Third-party Logistics Market Share Analysis, By End-use
7.3 Global Third-party Logistics Market Size and Forecast, By End-use
7.3.1 Manufacturing
7.3.2 Retail
7.3.3 Healthcare
7.3.4 Automotive
7.3.5 Others
8 Global Third-party Logistics Market, By Region
8.1 Global Third-party Logistics Market Share Analysis, By Region
8.2 Global Third-party Logistics Market Share Analysis, By Region
8.3 Global Third-party Logistics Market Size and Forecast, By Region
9 North America Third-party Logistics Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 North America Third-party Logistics Market Share Analysis, By Service
9.3 North America Third-party Logistics Market Size and Forecast, By Transport
9.4 North America Third-party Logistics Market Size and Forecast, By End-use
9.6 North America Third-party Logistics Market Size and Forecast, By Country
9.7.1 U.S.
9.7.2 Canada
9.7.3 Mexico
10 Europe Third-party Logistics Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Europe Third-party Logistics Market Share Analysis, By Service
10.3 Europe Third-party Logistics Market Size and Forecast, By Transport
10.4 Europe Third-party Logistics Market Size and Forecast, By End-use
10.6 Europe Third-party Logistics Market Size and Forecast, By Country
10.6.1 Germany
10.6.2 France
10.6.3 UK
10.6.4. Rest of Europe
11 Asia Pacific Third-party Logistics Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Asia Pacific Third-party Logistics Market Share Analysis, By Service
11.3 Asia Pacific Third-party Logistics Market Size and Forecast, By Transport
11.4 Asia Pacific Third-party Logistics Market Size and Forecast, By End-use
11.6 Asia Pacific Third-party Logistics Market Size and Forecast, By Country
11.6.1 China
11.7.2 Japan
11.8.3 India
11.8.4. Rest of Asia Pacific
12 Latin America Third-party Logistics Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Latin America Third-party Logistics Market Share Analysis, By Service
12.3 Latin America Third-party Logistics Market Size and Forecast, By Transport
12.4 Latin America Third-party Logistics Market Size and Forecast, By End-use
12.6 Latin America Third-party Logistics Market Size and Forecast, Country
12.7.1. Brazil
12.8.2. Rest of Latin America
13 Middle East Third-party Logistics Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Middle East Third-party Logistics Market Share Analysis, By Service
13.3 Middle East Third-party Logistics Market Size and Forecast, By Transport
13.4 Middle East Third-party Logistics Market Size and Forecast, By End-use
13.6 Middle East Third-party Logistics Market Size and Forecast, By Country
13.7.1. Saudi Arabia
13.8.2. UAE
13.8.3. Egypt
13.9.4. Kuwait
13.10.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 BDP International
15.1.1 Overview
15.1.2 Services
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Burris Logistics
15.2.1 Overview
15.2.2 Services
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. C.H. Robinson Worldwide, Inc.
15.3.1 Overview
15.3.2 Services
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 CEVA Logistics
15.4.1 Overview
15.4.2 Services
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 DSV
15.5.1 Overview
15.5.2 Services
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 DB Schenker Logistics
15.6.1 Overview
15.6.2 Services
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 FedEx
15.7.1 Overview
15.7.2 Services
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 J.B. Hunt Transport, Inc
15.8.1 Overview
15.8.2 Services
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
16.8 Nippon Express
16.8.1 Overview
16.8.2 Services
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategie