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Third-Party Logistics Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Global Third-Party Logistics Market- (By Mode of Transport – Railways, Roadways, Waterways, and Others; By Service - Dedicated Contract Carriage (DCC), Domestic Transportation Management, International Transportation Management, and Others; By End User – Technological, Automotive, Retailing, Elements, and Others; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 28-Feb-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0222152
    Delivery: 2 to 4 Hours
Third-Party Logistics Market

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Report AttributeDetails
Market Size Value in 2021US$ 1,032 Bn
Expected Revenue in 2027US$ 1,656.7 Bn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Bn)
Segments coveredBy Mode, Service, End User, and Region
Key CompaniesDHL International GmbH, Kuehne+Nagel Inc., DB Schenker, Nippon Express, FedEx Corporation, and other prominent players.
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A 3PL company can provide specialized services such as inventory management, cross-docking, door-to-door delivery, and packaging of products.

Global Third-Party Logistics Market was valued at US$ 1,032 Bn in 2021.

Global Third-Party Logistics Market is estimated to register a CAGR of 8.2% during the forecast period 2022-2027.

Third-party logistics market is driven by factors such as increase in trade activities due to globalization and rising focus of manufacturers and retailers on core competencies.

Over dependency of businesses on 3PL companies hinders the market growth.

Pooled warehousing is an emerging opportunity in the 3PL market.

Roadways segment has the highest share in the third-party logistics market in 2021.

Domestic Transport Management service has the highest share in the 3PL market in 2021.

Technological segment is the highest shareholder of the third-party logistics market in 2021.

Asia Pacific dominates the Global Third-Party Logistics Market.

The key players in the third-party logistics market are DHL, KNL, Nippon, DB Schenker, and C.H. Robinson among others.