Third-party Logistics (3PL) Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented 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, By Competition 2018-2028

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 1.5 Trillion

CAGR (2023-2028)

9.9%

Fastest Growing Segment

Warehousing and Transportation

Largest Market

North America


Market Overview

Global Third-party Logistics (3PL) Market has valued at USD 1.5 Trillion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 9.9% through 2028. A third-party logistics company (3PL) is a service provider that either arranges or handles a variety of supply chain functions for a business. These functions can include brokering, shipping, storing, or packing a company's freight, as well as supply chain strategy and access to technology. A 3PL (third-party logistics) provider manages all aspects of fulfillment, from warehousing to shipping. A 4PL (fourth-party logistics) provider manages a 3PL on behalf of the customer and other aspects of the supply chain. 3PLs perform the functions of warehousing, distribution, transportation, returns management and consolidation with expertise. Excellent 3PL partners have the potential to propel your company to incredible heights in the long run.

Key Market Drivers

Adoption Of Third-Party Logistics (3PL)

A third-party logistics (3PL) is a partner or service that assists manufacturers specially ecommerce merchants to outsource activities related to logistics and distribution. A third-party logistics company provides specialized services such as inventory management, cross-docking, door-to-door delivery, and packaging of products. This, in turn, aids enterprises in providing a better customer experience, ensuring scalability, mitigating the risks of product damages, promoting business growth and market expansion, and enabling the completion of core business operations. Furthermore, the third-party logistics model delivers greater asset utilization and asset sharing alliances, which increases its demand, and contributes toward the growth of the 3PL market. At present, third-party logistics is commercially available in varying transportation modes and service types, including dedicated contract carriage (DCC), domestic and international transportation management.

Companies that provide international deliveries typically work with two or three dozen delivery partners specializing in different geographic areas. Large e-commerce companies, such as Amazon, have huge in-house teams that act as their third-party logistics. They spend a lot of money and effort managing, controlling, and improving their logistics. Moreover, Kestraa, a Brazilian logistics startup, raised $2.7 million funding from Canary Ventures and various angel investors for logistics software. Kestraa is a cloud-based B2B solution for freight-management, connecting ship-owners, cargo agents, freight forwarders, government systems, and more. The software allows stakeholders to manage their shipments, anticipate delays, and optimize on delivery time. Customers are also able to monitor the delivery process of their goods.

In addition, growth in automotive industry, technological advancement, surge in last-mile connectivity, and rise in cross-border trade activities also boost the growth of the 3PL market. For instance, the Indian government launched Multi-Modal Logistics Parks Policy (MMLPs) to improve the logistics sector of the country. Meanwhile, the Union Minister of Commerce and Industry announced a plan to invest $500 billion in the logistics sector by 2025. The government also launched a National Logistics Portal to serve as a transactional e-marketplace by connecting buyers, logistics service providers, and relevant government agencies.

Logistics Industry Has Undergone Several Rapid Changes in Recent Years

The logistics industry has undergone several rapid changes in recent years. The trends that began and accelerated in 2020 continued in 2021 and 2022, with increased demand for home delivery and higher consumer expectations than ever before. At the same time, 2022 presented its own set of challenges in terms of inflation, economic volatility, and ongoing supply chain disruptions. Despite the major disruptions of 2022, there are still many major trends that have continued (and will continue) unabated. Amazon, for example, increased its dominance by heavily investing in its in-house logistics capabilities.

Nowadays, shippers want to make more data-driven decisions. As a result, 3PL firms must brace themselves for clients who expect analytics expertise. According to one recent study, 94% of shippers believe analytics are required to ensure complete and on-time order fulfillment and package visibility. 3PLs will increasingly need to focus on generating more analytical insights across their operations, for example, by establishing data science capabilities and teams to provide useful insights to their clients and internal teams. Strong data and clear strategies will assist third-party logistics providers in providing shippers with improved traceability and end-to-end visibility across the supply chain. Aside from collecting more data, businesses must prioritize cybersecurity and have data protection plans in place.

 

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Key Market Challenges

Globalization and Geopolitical Factors

One of the most prominent complexities in supply chain management is the globalization of markets. Companies now operate in a global landscape, where suppliers, manufacturers, and customers can be located anywhere in the world. Geopolitical factors, such as trade disputes, tariffs, and political instability, can disrupt the smooth flow of goods and introduce uncertainty into the supply chain. 3PL providers must stay informed about these factors and develop strategies to mitigate their impact.

Demand Volatility: Rapid changes in consumer preferences, seasonality, and external events like the COVID-19 pandemic can lead to significant fluctuations in demand. This volatility requires 3PL providers to be agile and adaptable, capable of quickly adjusting transportation and inventory strategies to meet shifting customer needs. Balancing the need to have sufficient inventory to meet demand while minimizing carrying costs and the risk of obsolescence is a perpetual challenge. Advanced technologies like artificial intelligence and data analytics are becoming increasingly crucial for optimizing inventory levels and ensuring on-time delivery. Building and maintaining strong relationships with suppliers and vendors is essential for a smooth supply chain. 3PL providers often act as intermediaries between manufacturers and suppliers, necessitating effective communication and collaboration to prevent disruptions.

Regulatory Compliance

The global supply chain is subject to a myriad of regulations, including those related to customs, safety, environmental standards, and labor practices. Staying compliant with these regulations is a significant challenge, and non-compliance can result in fines, delays, and damage to a company's reputation.

Technological Advancements

While technology offers solutions to many supply chain challenges, it also presents challenges of its own. Keeping up with the latest technological trends, integrating new systems into existing operations, and ensuring data security are ongoing concerns for 3PL providers.

Environmental Sustainability

The pressure to reduce the environmental impact of supply chain operations is growing. This involves minimizing carbon emissions, reducing waste, and adopting sustainable sourcing practices. Achieving sustainability goals while maintaining cost-effectiveness is a delicate balance. The explosive growth of e-commerce has placed additional demands on supply chains. Consumers now expect fast and affordable shipping, leading to the need for more sophisticated last-mile delivery solutions and efficient fulfillment processes.

Key Market Trends

The importance of last-mile delivery is well-known to logistics service providers. However, many people are unaware that final mile operations will be a game changer in the coming years. Last-mile deliveries have already dethroned price and product as key differentiators in shopper purchasing decisions. Last-mile delivery is critical for both retaining and acquiring new customers. Simply put, last-mile operations can make or break a company. This has been one of the most important logistics trends for several years, and it shows no signs of abating. More 3PL companies are working to reduce last-mile delivery distances by locating fulfillment hubs in more accessible locations, such as urban centers.

Customer retention is one of the most difficult challenges in a highly competitive market, driving businesses to embrace greater picking efficiency, smart inventory management, and rapid replenishment of hot-selling items. The supply chain and logistics domains are being transformed by fast data and strong network connectivity. Warehouse management systems (WMS) of today have extensive computing power, large amounts of data storage, and the ability to connect to other critical applications such as enterprise resource planning (ERP) and customer relationship management (CRM). It is no longer enough to simply track shipments; businesses must optimize every step of the process, from raw materials to the production line, marketing, and delivery of the product to the end customer.

Growth in E-commerce Sales Driving the Market

On the fulfillment front, all shippers have a set of performance metrics or key performance indicators (KPIs) to work toward. In today's fast-paced fulfillment environment, meeting these targets can be difficult, especially if fulfillment is not a core competency for the shipper. Knowing this, the third-party logistics (3PL) industry has stepped up its game, offering a broader portfolio of services to a broader range of customers. Once the domain of extremely high-volume operations, even small businesses selling clothing online recognize the value of outsourcing some or all of their fulfillment operations to a reputable third party. The e-commerce boom has prompted more businesses to investigate 3PL options.

E-commerce shippers are increasingly turning to 3PL providers to help them meet changing customer expectations and deal with supply chain disruption, labor constraints, transportation issues, inflation, and other challenges that have become the "new normal" in today's operating environment. As a result, 3PLs are offering shippers strategic locations, more space to accommodate higher inventory volumes, and a wider range of delivery options. As the volume of returns has increased in the last year, e-commerce shippers want to work with 3PLs that can help customers with the returns process. Omni-channel logistics services are also in high demand, with automation serving as a critical component of e-commerce fulfillment processes.

The larger 3PLs have multiple e-commerce operations, such as Geodis, DHL, Ryder, and JD Logistics (in Asia), to name a few of the larger players. Smaller providers have followed suit and now offer e-commerce fulfillment as well. In most cases, these 3PLs have e-commerce fulfillment operations separate from their traditional business-to-business (B2B) warehousing operations. More 3PLs will be needed in the future to add value in the last mile of the supply chain, where getting large and bulky items from the final point of distribution to the customer's location remains a major challenge. Getting furniture, fitness equipment, and other large items to customers' doors requires extra planning, especially if they require quick delivery.

Segmental Insights

Service Type Insights

Warehousing and distribution: This segment is expected to grow in the coming years, driven by the increasing demand for e-commerce and the need for efficient warehousing and distribution solutions. The global 3PL market is a large and growing market. The transportation management segment is the dominating segment of the market, and it is expected to continue to grow in the coming years. Other key segments of the market include warehousing and distribution, customs brokerage, freight forwarding, and value-added services. Companies are increasingly globalizing their supply chains, and this is driving the demand for transportation management services. 3PL providers can help companies to manage their global supply chains more efficiently by providing them with transportation management services. E-commerce is growing rapidly around the world, and this is driving the demand for transportation management services. E-commerce companies need to be able to deliver their products to customers quickly and efficiently, and 3PL providers can help them to do this by providing them with transportation management services.

 

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Regional Insights

The North America region has established itself as the leader in the Global Third-party Logistics (3PL) Market with a significant revenue share in 2022. North America, led by the United States, has one of the largest and most developed economies in the world. The region's economic strength translates into higher consumer spending, increased manufacturing activities, and extensive trade networks, all of which contribute to a robust demand for logistics and supply chain services.

Recent Developments

  • Dec 2022: SEKO Logistics established its first robotics partnership, with plans to "scale up" warehouse operations with GreyOrange's Ranger Assist Bots. SEKO will deploy 15 bots in one of its Milton Keynes, UK, during the first stage of the plan. Another 35 robots will be installed early next year. The logistics company intends to expand the bot initiative beyond the UK next year, with the Netherlands as the first location.
  • Sept 2022: AI LOGISTIX, a start-up focused on identifying and resolving logistics and supply chain issues, partnered with SUN Mobility, a provider of battery-swapping services and energy infrastructure for electric vehicles (EVs), to become India's last-mile delivery partner. As a client of Alchemy Mobility LLP, a green mobility service provider for last-mile delivery agencies, the Bengaluru-based start-up uses SUN Mobility's energy services. As part of this collaboration, the two companies intend to deploy 500 loaders and electric two-wheelers (E2Ws) by March 2023, with each month adding approximately 100 vehicles to the fleet.

Key Market Players

  • Geodis
  • DHL International GmbH
  • db Schenker
  • a.p. moller - maersk, Kuehne+Nagel Inc.
  • XPO Logistics Inc.
  • C.H. Robinson Worldwide, Inc.
  •  FedEx Corporation
  • United Parcel Service of America, Inc.
  • DSV

 By Mode of Transport

By Service Type

By Industry

By Region
  • Railways
  • Roadways
  • Waterways
  • Airways
  • Dedicated Contract Carriage (DCC)
  • Domestic Transportation Management
  • International Transportation Management
  • Warehousing and Transportation
  • Others
  • Technological
  • Automotive
  • Retailing
  • Elements
  • Food and Beverages
  • Healthcare
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa
Report Scope:

In this report, the Global Third-party Logistics (3PL) Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Third-party Logistics (3PL) Market, By Mode of Transport :

o   Railways

o   Roadways

o   Waterways

o   Airways

  • Global Third-party Logistics (3PL) Market, By Service Type:

o   Dedicated Contract Carriage (DCC)

o   Domestic Transportation Management

o   International Transportation Management

o   Warehousing and Transportation

o   Others

  • Global Third-party Logistics (3PL) Market, By Industry:

o   Technological

o   Automotive

o   Retailing

o   Elements

o   Food and Beverages

o   Healthcare

o   Others

  • Global Third-party Logistics (3PL) Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Indonesia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Russia

§  Spain

o   South America

§  Brazil

§  Argentina

o   Middle East & Africa

§  Saudi Arabia

§  South Africa

§  Egypt

§  UAE

§  Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Third-party Logistics (3PL) Market.

Available Customizations:

Global Third-party Logistics (3PL) Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Third-party Logistics (3PL) Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]                

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.3.  Markets Covered

1.4.  Years Considered for Study

1.5.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    Global Third-party Logistics (3PL) Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Mode of Transport (Railways, Roadways, Waterways, Airways)

5.2.2.    By Service Type (Dedicated Contract Carriage (DCC), Domestic Transportation Management, International Transportation Management, Warehousing and Transportation, Others)

5.2.3.    By Industry (Technological, Automotive, Retailing, Elements, Food and Beverages, Healthcare, Others)

5.2.4.    By Region

5.3.  By Company (2022)

5.4.  Market Map

6.    North America Third-party Logistics (3PL) Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Mode of Transport

6.2.2.    By Service Type

6.2.3.    By Industry

6.2.4.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Third-party Logistics (3PL) Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Mode of Transport

6.3.1.2.2.           By Service Type

6.3.1.2.3.           By Industry

6.3.2.    Canada Third-party Logistics (3PL) Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Mode of Transport

6.3.2.2.2.           By Service Type

6.3.2.2.3.           By Industry

6.3.3.    Mexico Third-party Logistics (3PL) Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Mode of Transport

6.3.3.2.2.           By Service Type

6.3.3.2.3.           By Industry

7.    Asia-Pacific Third-party Logistics (3PL) Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Mode of Transport

7.2.2.    By Service Type

7.2.3.    By Industry

7.2.4.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Third-party Logistics (3PL) Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Mode of Transport

7.3.1.2.2.           By Service Type

7.3.1.2.3.           By Industry

7.3.2.    India Third-party Logistics (3PL) Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Mode of Transport

7.3.2.2.2.           By Service Type

7.3.2.2.3.           By Industry

7.3.3.    Japan Third-party Logistics (3PL) Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Mode of Transport

7.3.3.2.2.           By Service Type

7.3.3.2.3.           By Industry

7.3.4.    South Korea Third-party Logistics (3PL) Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Mode of Transport

7.3.4.2.2.           By Service Type

7.3.4.2.3.           By Industry

7.3.5.    Indonesia Third-party Logistics (3PL) Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Mode of Transport

7.3.5.2.2.           By Service Type

7.3.5.2.3.           By Industry

8.    Europe Third-party Logistics (3PL) Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Mode of Transport

8.2.2.    By Service Type

8.2.3.    By Industry

8.2.4.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Third-party Logistics (3PL) Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Mode of Transport

8.3.1.2.2.           By Service Type

8.3.1.2.3.           By Industry

8.3.2.    United Kingdom Third-party Logistics (3PL) Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Mode of Transport

8.3.2.2.2.           By Service Type

8.3.2.2.3.           By Industry

8.3.3.    France Third-party Logistics (3PL) Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Mode of Transport

8.3.3.2.2.           By Service Type

8.3.3.2.3.           By Industry

8.3.4.    Russia Third-party Logistics (3PL) Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Mode of Transport

8.3.4.2.2.           By Service Type

8.3.4.2.3.           By Industry

8.3.5.    Spain Third-party Logistics (3PL) Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Mode of Transport

8.3.5.2.2.           By Service Type

8.3.5.2.3.           By Industry

9.    South America Third-party Logistics (3PL) Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Mode of Transport

9.2.2.    By Service Type

9.2.3.    By Industry

9.2.4.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Third-party Logistics (3PL) Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Mode of Transport

9.3.1.2.2.           By Service Type

9.3.1.2.3.           By Industry

9.3.2.    Argentina Third-party Logistics (3PL) Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Mode of Transport

9.3.2.2.2.           By Service Type

9.3.2.2.3.           By Industry

10. Middle East & Africa Third-party Logistics (3PL) Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Mode of Transport

10.2.2. By Service Type

10.2.3. By Industry

10.2.4. By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1.  Saudi Arabia Third-party Logistics (3PL) Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Mode of Transport

10.3.1.2.2.         By Service Type

10.3.1.2.3.         By Industry

10.3.2. South Africa Third-party Logistics (3PL) Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Mode of Transport

10.3.2.2.2.         By Service Type

10.3.2.2.3.         By Industry

10.3.3. UAE Third-party Logistics (3PL) Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Mode of Transport

10.3.3.2.2.         By Service Type

10.3.3.2.3.         By Industry

10.3.4. Israel Third-party Logistics (3PL) Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Mode of Transport

10.3.4.2.2.         By Service Type

10.3.4.2.3.         By Industry

10.3.5. Egypt Third-party Logistics (3PL) Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Mode of Transport

10.3.5.2.2.         By Service Type

10.3.5.2.3.         By Industry

11. Market Dynamics

11.1.   Drivers

11.2.   Challenge

12. Market Trends & Developments

13. Company Profiles

13.1.             Geodis.

13.1.1. Business Overview

13.1.2. Key Revenue and Financials

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services

13.2.             DHL International GmbH.

13.2.1. Business Overview

13.2.2. Key Revenue and Financials

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services

13.3.             db schenker.

13.3.1. Business Overview

13.3.2. Key Revenue and Financials

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services

13.4.             a.p. moller, maersk, Kuehne+Nagel Inc.,

13.4.1. Business Overview

13.4.2. Key Revenue and Financials

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services

13.5.             XPO Logistics Inc.

13.5.1. Business Overview

13.5.2. Key Revenue and Financials

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services

13.6.             C.H. Robinson Worldwide, Inc.

13.6.1. Business Overview

13.6.2. Key Revenue and Financials

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services

13.7.             FedEx Corporation.

13.7.1. Business Overview

13.7.2. Key Revenue and Financials

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services

13.8.             United Parcel Service of America, Inc.

13.8.1. Business Overview

13.8.2. Key Revenue and Financials

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services

13.9.             DSV.

13.9.1. Business Overview

13.9.2. Key Revenue and Financials

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Third-party Logistics (3PL) Market was USD 1.5 Trillion in 2022.

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The Global Third-party Logistics (3PL) Market is dominated by the Warehousing and Transportation Segment in 2022.

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One of the most prominent complexities in supply chain management is the globalization of markets. Companies now operate in a global landscape, where suppliers, manufacturers, and customers can be located anywhere in the world.

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The growth of the market is attributed to the increasing demand for e-commerce, globalization, and the need for cost-effective and efficient logistics solutions.

Related Reports

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Srishti Verma

Business Consultant
Press Release

Warehousing and Transportation is Expected to Dominate the Global Third-party Logistics (3PL) Market

Oct, 2023

The third-party logistics delivers greater asset utilization and asset sharing alliances, which increases its demand, and contributes toward the growth of the 3PL market.

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