The Business Research Company’s Third Party Logistics Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Third Party Logistics Global Market Report 2023 evaluates third party logistics market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global third party logistics market is expected to grow from $1,418.7 billion in 2026 at a rate of 9.4%. The third-party logistics (3PL) market size is then expected to grow at a CAGR of 8.2% from 2026 and reach $2,106.3 billion in 2031.
The rapid growth in the e-commerce market is expected to drive the third-party logistics (3PL) market in the forecast period. 3PL are utilized by many e-commerce businesses to oversee and manage their supply chain management, in order to enhance their operations and cost-effectiveness. The increasing consumer expectations and growing complexity in supply chains generate demand for 3PL from growing e-commerce companies. Rapid growth in the e-commerce sector across the globe is expected to increase demand for storage and transportation facilities, boosting the market during forecast period. According to a US based intergovernmental organization intended to promote the interests of developing states in world trade, the United Nations Conference on Trade and Development (UNCTAD) 2021 report, online retail sales grew markedly in several countries, with the Republic of Korea reporting the highest share at 25.9% in 2020, up from 20.8% the year before. In countries such as India for instance, e-commerce portals have boosted the sales of various goods, by giving larger exposure to producers who were confined to one geography. Further, COVID-19-related boosts in online shopping resulted in U.S. ecommerce growth to 32% in 2020, to reach $790 billion, up from $598 billion in 2019. The increasing e-commerce market ensures greater availability and reach of a number of products, across different geographies, thus driving the 3PL market during the forecast period.
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The third party logistics market segments in the report are:
1) By Service Type: Dedicated Contract Carriage; Domestic Transportation Management; International Transportation Management; Warehousing And Distribution; Other Service Types
2) By Mode Of Transport: Railways; Roadways; Waterways; Airways
3) By End-Use Industry: Manufacturing; Retail; Healthcare; Automotive; Other Industries
The table of contents in TBRC’s third party logistics market report includes:
- Executive Summary
- Table of Contents
- List of Figures
- List of Tables
- Report Structure
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- Company Profiles
- Key Mergers and Acquisitions
- Opportunities And Strategies
- Third-Party Logistics (3PL) Market, Conclusions And Recommendations
- Appendix
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