Third Party Logistics Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Global Third-Party Logistics (3PL) Market was valued at around USD 1trillion in 2020, and it is expected to reach more than USD 1.75 trillion by 2027, registering a growth rate of 8% during the period (2021-2027).

3PL is the ability for manufacturers to outsource activities related to logistics and distribution. 3PL companies can provide professional services such as inventory management, cross docking, door-to-door delivery, and product packaging. The 3PL services market is expected to witness significant growth owing to the development of the e-commerce industry. In addition, demand for this service is expected to increase in the near future as manufacturers and retailers focus on their core business (called core competencies) and increase interest in subcontracting activities such as logistics for which expertise is lacking. Therefore, increased competition has shifted the focus of manufacturers to promote each specialization in production and distribution.

Market Segmentation

By Mode of Transport

• Railways 
• Roadways
• Waterways
• Airways

By Service Type

• Dedicated Contract Carriage (DCC)
• Domestic Transportation Management 
• International Transportation Management
• Warehousing &Distribution
• Others

By Industry

• Technological
• Automotive
• Retailing
• Elements
• Food & Groceries
• Healthcare

Key Players

• Deutsche Post AG
• KUEHNE + NAGEL INTERNATIONAL AG
• NIPPON EXPRESS CO., LTD.
• DB Schenker
• C.H. Robinson Worldwide, Inc.
• DSV A/S
• XPO LOGISTICS, INC.
• SINOTRANS CO., LTD.

Scope of the Report

The research study analyzes the global Third Party Logistics industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Third Party Logistics Market Report

1. What was the Third Party Logistics Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of Third Party Logistics Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Third Party Logistics Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.