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The Third Party Logistics Market estimated size and share is projected to exceed USD 2448.06 Billion by 2034, with a forecasted CAGR of 7.5% during the period
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The US 3PL Market report segments the industry into By Services (Domestic Transportation Management, International Transportation Management, Value-Added Warehousing and Distribution) and By End User (Aerospace, Automotive, Consumer and Retail, Energy, Healthcare, Manufacturing, Technology, Other End Users). This resource offers five years of historical data and forecasts for the next five years.
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The Mexico third-party logistics (3PL) market was valued at USD 19.30 Billion in 2024. The industry is expected to grow at a CAGR of 5.90% during the forecast period of 2025-2034. The region's growing auto and service industries are fueling demand for 3PL, as they need ways to derive efficiency from the supply chain through complex logistics and global distribution networks in multiple sectors. In turn, all these factors have resulted in the market attaining a valuation of USD 34.24 Billion by 2034.
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Third-Party Logistics (3PL) Market size worth at $1,521.94 Billion in 2023 and projected to $3,093.45 Billion by 2032, a CAGR of 8.2% By 2024-2032.
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The Report Covers Turkey Third Party Logistics Companies and it is segmented by Type (Domestic Transportation Management, International Transportation Management, and Value-added Warehousing and Distribution), and by End-Users.
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The China Third-Party Logistics (3PL) Market report segments the industry into By Services (Domestic Transportation Management, International Transportation Management, Value-added Warehousing and Distribution) and By End User (Aerospace, Automotive, Consumer and Retail, Energy, Healthcare, Manufacturing, Technology, Other End Users). Get five years of historical data alongside five-year market forecasts.
The third-party logistics (3PL) market in North America was roughly sized at 348 billion U.S. dollars. In a 3PL enterprise design, a firm sustains production control, but outsources some or all transport and logistics execution to a fulfillment company. The 3PL market worldwide In 2020, the United States overtook China as the largest 3PL country, with an approximate total revenue of 231.5 billion U.S. dollars. Globally, the 3PL industry generated over 961 billion U.S. dollars in revenue and the the leading 3PL provider based on gross logistics revenue was DHL. The 3PL market in the United States The 3PL industry in the United States kept an exponential growth rate until 2019 when it dropped to 212.8 billion U.S. dollars in revenue. In 2020, C.H. Robinson Worldwide was the leading 3PL provider in the United States, with a gross revenue of just under 15.5 billion U.S. dollars.
US Third-Party Logistics (3Pl) Market Size 2025-2029
The us third-party logistics (3pl) market size is forecast to increase by USD 132.3 billion at a CAGR of 8.2% between 2024 and 2029.
The Third-Party Logistics (3PL) market in the US is experiencing significant growth, driven by the increasing trend of cross-border trade. As globalization continues to expand, businesses are increasingly turning to 3PL providers to manage their international logistics needs. Another key trend shaping the market is the emergence of advanced technologies such as blockchain and Radio Frequency Identification (RFID) in logistics. These technologies offer enhanced supply chain visibility, security, and efficiency, making them valuable tools for 3PLs to offer their clients. However, the market is not without challenges. The ongoing trade war between major economies poses a significant risk to the market, with potential tariffs and trade restrictions impacting logistics costs and operations. Additionally, the increasing complexity of global supply chains and customer expectations for faster delivery times require 3PLs to continually innovate and adapt to remain competitive. Companies seeking to capitalize on market opportunities and navigate challenges effectively must focus on leveraging technology, building resilient supply chains, and providing exceptional customer service.
What will be the size of the US Third-Party Logistics (3Pl) Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The 3PL market in the US is witnessing significant advancements, driven by the integration of digital twin technology and blockchain in logistics operations. Order accuracy and customer satisfaction are prioritized through value-added services, network optimization, and demand forecasting. Green logistics and data-driven decisions are essential for competitive advantage, with automation technologies streamlining contract logistics and delivery speed. Damage prevention and inventory control are enhanced through supply chain transparency and warehousing optimization. Capacity planning and transportation mode selection are crucial for cost-effective solutions, while emerging technologies such as sustainability initiatives and supply chain visibility continue to shape the industry. Network planning and competitive advantage are intertwined, as companies leverage digital transformation to mitigate supply chain disruptions and offer dedicated logistics services.
How is this market segmented?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. End-userRetailManufacturingAutomotiveFood and beveragesOthersServiceTransportationWarehousing and distributionOthersGeographyNorth AmericaUS
By End-user Insights
The retail segment is estimated to witness significant growth during the forecast period.
In the dynamic retail industry, both organized retail and consumer goods sectors experience significant growth. Fast-moving consumer goods (FMCGs) and slow-moving consumer goods (SMCGs) are distinct categories. FMCGs, with a shelf life under a year, consist of household and cleaning products, personal care items, tobacco, apparel and footwear, and pet food/pet care. These goods are bought frequently due to recurring expenditures. SMCGs, characterized by a longer shelf life, include home improvement products, furniture, and household appliances. To stay competitive, industry players invest substantially in product innovation. Data analytics and predictive analytics are crucial tools for understanding consumer behavior and market trends. Last-mile delivery solutions enhance customer satisfaction, while pick-and-pack services ensure efficient order fulfillment. Freight forwarding streamlines transportation management, and robotics and automation improve efficiency. Cloud-based logistics software, business intelligence, and real-time visibility enable cost optimization and supply chain resilience. Reverse logistics, compliance, and regulations are essential for managing returns and maintaining inventory. E-commerce integration, packaging, and labeling, and delivery network design are vital for seamless omni-channel fulfillment. Risk management, route optimization, security and safety, and mobile technology are integral components of modern logistics. Artificial intelligence and machine learning enable advanced sorting, sequencing, and load planning. Fleet management, big data, and customer service are critical for maintaining a competitive edge. In this evolving landscape, players must adapt to meet the changing demands of consumers and the market.
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The India 3PL Industry size is valued at USD 19 billion in 2023, with insights on market growth, strategic forecast, and player analysis. Explore market opportunities, trends, and challenges.
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The global third-party logistics market has been valued at US$ 1.2 billion in 2024, as revealed in the recently updated industry report by Fact.MR. Worldwide demand for third-party logistics solutions is projected to reach a market value of US$ 2.5 billion by 2034, registering a CAGR of 7.6% from 2024 to 2034.
Report Attribute | Detail |
---|---|
Third-party Logistics Market Size (2024E) | US$ 1.2 Billion |
Forecasted Market Value (2034F) | US$ 2.5 Billion |
Global Market Growth Rate (2024 to 2034) | 7.6% CAGR |
Market Share of International Transportation Management Services (2034F) | 30.2% |
North America Market Share (2034F) | 20.9% |
Japan Market Growth Rate (2024 to 2034) | 8.9% CAGR |
Key Companies Profiled | DSV; Kuehne + Nagel; J.B. Hunt Transport, Inc.; Yusen Logistics Co. Ltd.; DB Schenker Logistics; Nippon Express; Burris Logistics; XPO Logistics, Inc.; CEVA Logistics; FedEx; United Parcel Service of America, Inc.; C.H. Robinson Worldwide, Inc.; BDP International. |
Country-wise Insights
Attribute | United States |
---|---|
Market Value (2024E) | US$ 223.3 Million |
Growth Rate (2024 to 2034) | 6.4% CAGR |
Projected Value (2034F) | US$ 415.3 Million |
Attribute | China |
---|---|
Market Value (2024E) | US$ 257.1 Million |
Growth Rate (2024 to 2034) | 6.7% CAGR |
Projected Value (2034F) | US$ 493.6 Million |
Category-wise Insights
Attribute | Retailing |
---|---|
Segment Value (2024E) | US$ 298.7 Million |
Growth Rate (2024 to 2034) | 7.6% CAGR |
Projected Value (2034F) | US$ 623.3 Million |
Attribute | International Transportation Management |
---|---|
Segment Value (2024E) | US$ 396.7 Million |
Growth Rate (2024 to 2034) | 6.6% CAGR |
Projected Value (2034F) | US$ 753.4 Million |
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The size of the Third Party Logistics 3PL Market was valued at USD 1178932.0 Million in 2024 and is projected to reach USD 2127605.10 Million by 2033, with an expected CAGR of 8.80% during the forecast period. The Third Party Logistics (3PL) market has been experiencing significant growth as businesses increasingly outsource their logistics and supply chain functions to specialized providers. 3PL companies offer services such as transportation, warehousing, inventory management, order fulfillment, and distribution, allowing businesses to focus on their core competencies while improving efficiency and cost-effectiveness. With the rise of e-commerce, global trade, and complex supply chains, demand for 3PL solutions has surged across industries like retail, manufacturing, and automotive. Technological advancements, such as artificial intelligence, data analytics, and Internet of Things (IoT), have further enhanced the capabilities of 3PL providers, enabling real-time tracking, predictive analytics, and automated operations. This transformation has led to improved visibility and responsiveness in the supply chain, ensuring faster deliveries and better customer satisfaction. The market is highly competitive, with key players focusing on innovation, geographical expansion, and strategic partnerships to maintain their edge. As companies strive for operational efficiency and scalability, the 3PL market is expected to continue its upward trajectory, driven by the growing demand for flexible and integrated supply chain solutions. Recent developments include: May 2023, Holman Logistics, a third-party logistics provider (3PL), said today that it has established an investing arm to support start-up businesses in the logistics technology sector., The intelligent warehousing software is the first warehouse management system (WMS) to be constructed from the ground up with location awareness, linked systems orchestration, artificial intelligence (AI), and machine learning (ML) as essential components of its architecture., The software decides where the product should be kept in the warehouse, chooses where to get it for outgoing orders, and then directs all of that to the right machine at the right time, whether that machine is run by an AGV, an AMR, a human using material handling equipment, or both.November 2023, This November, the alcohol distributor Southern Glazer’s Wine & Spirits launched its new logistics service for the alcohol industry that will offer wine and spirits suppliers storage and packaging services regardless of whether they have an existing relationship with Southern Glazer’s. The company said in a statement that it hopes to create more room for storage at a competitive rate in order “to achieve greater speed-to-market, bring products closer to customers, and enhance storage efficiency.” The Ankaa also facilitates opportunities for early-stage innovations such as brand or product launching.. Key drivers for this market are: Growing e-commerce and omnichannel retail
Need for supply chain optimization and cost reduction
Increasing globalization and trade
Adoption of advanced technologies
Focus on sustainability. Potential restraints include: Rising transportation costs and labor shortages
Fluctuating fuel prices and geopolitical instability
Complexity and fragmented nature of the industry
Limited scalability and integration of systems
Competition from in-house logistics operations. Notable trends are: Use of blockchain for supply chain transparency
Predictive analytics and big data for logistics optimization
Robotics and automation for warehouse automation
On-demand logistics and shared transportation
Green logistics and sustainable practices.
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Global Third-Party Logistics (3PL) market size is expected to reach $1955.87 billion by 2029 at 10.3%, segmented as by service type, dedicated contract carriage, domestic transportation management, international transportation management
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Unlock expert insights on the USA Third-Party Logistics (3PL) Market, size at USD 247 billion in 2023, showcasing market dynamics, key trends, and growth potential.
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The global biopharmaceutical third party logistics (3PL) market size reached USD 129.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 204.2 Billion by 2033, exhibiting a growth rate (CAGR) of 4.78% during 2025-2033.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
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2019-2024
|
Market Size in 2024
| USD 129.4 Billion |
Market Forecast in 2033
| USD 204.2 Billion |
Market Growth Rate 2025-2033 | 4.78% |
IMARC Group provides an analysis of the key trends in each sub-segment of the global biopharmaceutical third party logistics (3PL) market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on supply chain and service type.
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Global Third-party Logistics (3PL) Market stood at USD 1.5 Trillion in 2022 & expected to project growth in the forecast period with a CAGR of 9.9% by 2028.
Pages | 180 |
Market Size | |
Forecast Market Size | |
CAGR | |
Fastest Growing Segment | |
Largest Market | |
Key Players |
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The United States third-party logistics (3PL) market reached approximately USD 353.57 Billion in 2024. The market is projected to grow at a CAGR of 5.20% between 2025 and 2034, reaching a value of USD 586.99 Billion by 2034.
Between 2010 and 2022, 3PL revenue fluctuated with the amount reaching **** trillion U.S. dollars in 2022. Global 3PL market Third-party logistics (3PL) refers to the outsourcing of the logistics operations of a firm for either distribution, warehousing, or fulfilment services. Usually smaller and medium-sized firms benefit from 3PL services more. Compared to integrated logistics, 3PL has several desirable characteristics for a firm to use, such as cost and time savings, low capital commitment, focus on the firm’s operation and flexibility. In a simple term, division of labor amongst different markets and firms.The Asia Pacific 3PL market is the largest one worldwide in a regional comparison, which made over *** billion U.S. dollars in 2020. The expanding interconnectedness of the global economy contributes immensely to the enlargement of revenue streams in the 3PL market. In 2020, DHL Supply Chain & Global Forwarding, Kuehne + Nagel, DB Schenker were the three leading 3PL providers globally based on gross logistics revenue. For instance, DB Schenker generated approximately **** billion U.S. dollars in revenue. Nippon Express is the fourth leading 3PL firm in the world Based in Tokyo, Japan, Nippon Express was founded in 1937 and provides global logistics services. At first, Nippon Express was established as a semi-government logistics service in Japan, which over many years turned into a public limited company while expanding its global operations and dominance. One of the main specialization of the company include 3PL services and the company generated most of its revenue from the 3PL services provided. In 2020, the company was the eigth leading airfreight forwarder based on the volume of freights transported globally. During the same period, Nippon Express’s sales amounted to **** billion U.S. dollars.
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Gain insights into the Indonesia Third-Party Logistics Market, size at USD 22.6 billion in 2023 showcasing trends and future opportunities.
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The Third Party Logistics (3PL) Market size will exceed a valuation of USD 2,448.06 billion by 2034, to grow at a CAGR of 7.5% during the forecast period.
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The United States Third-party Logistics (3PL) market was valued more than USD 260 Billion in 2022, due to technological development.
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The Third Party Logistics Market estimated size and share is projected to exceed USD 2448.06 Billion by 2034, with a forecasted CAGR of 7.5% during the period