The global Third Party Logistics (3PL) Market is expected to value at USD 1.24 trillion by 2025. The 3PL industry is subject to witness a substantial growth due to the recent technological advancement in the various logistics services, rising transportation activities in both developed and developing economies across the globe and increasing shipping demand.

The number of service providers are improving their supply chain capabilities due to numerous growth opportunities available, thereby driving market growth, in the recent years. Globally, the third party logistics industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the 3PL market.

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Additionally, shifting trends towards early adoption of advanced services such as automated freight payment and audit procedure to achieve cost-effectiveness are anticipated to drive the growth of third party logistics market over the forecast period. Other factors such as reduction of capital expenditure (CAPEX), risk management, better inventory management, and directing on the core competencies of different business operations.

Robust growth of third party logistics (3PL) industry is majorly attributed to the high-end international trade flow and the strong economic growth in the developing economies such as India, China and Brazil. Increasing transportation & infrastructural activates in the Asia Pacific and North America region is anticipated to boost market growth in the upcoming years. Additionally, intra-regional trade and international among developing economies across the globe coupled with higher growth rate in the Asia Pacific region are expected to drive the market growth of third party logistics over the forecast period.

Increasing adoption of various third party logistics services in various sectors such as manufacturing, retail, trade and transportation. Other application of the third party logistics services include private and local utility sector, healthcare industry, media and entertainment sectors. These factors are expected to foster market expansion of logistics industry over the forecast period. Recent adoption of thirds party logistics services in the telecommunication, banking and financial services, and information technology industry is estimated to expand overall market reach in the near future as well. In addition, development of latest technologies and introduction of novel products such as the freight brokers and different value-added services are driving market growth in the recent years.

The third party logistics (3PL) market is broadly categorized into major segments based on the service type such as Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), warehousing & distribution and value added logistics services. The Dedicated Contract Carriage (DCC)/Freight forwarding segment is growing rapidly in the third party logistics industry with substantial revenue generation in the last few years.

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Growing popularity of Dedicated Contract Carriage (DCC)/Freight forwarding segment is attributed to the increased international and domestic trades. The International Transportation Management (ITM) segment has also witnessed substantial growth owing to the reduction in complexity & cost during international trades.

The third party logistics market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies, increase in number of research & development activities in the region and existence of well-established infrastructure.

Asia-Pacific region is estimated to hold major market share in third party logistics with massive growth in forecast period. Countries such as India, China, South Korea, Japan and Singapore are leading the Asia-Pacific market with strong economic growth, growing infrastructural activities, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the third party logistics (3PL) industry are Kuehne + Nagel International AG, DHL Express AG, C.H. Robinson Worldwide, Inc., UPS Supply Chain Solutions, Inc., and FedEx Corporation.

Market Segment:

3PL Service Outlook (Revenue, USD Billion, 2014 - 2025)
• Dedicated Contract Carriage (DCC)/Freight forwarding
• Domestic Transportation Management (DTM)
• International Transportation Management (ITM)
• Warehousing & distribution
• Value added logistics services

3PL Transport Outlook (Revenue, USD Billion, 2014 - 2025)
• Roadways
• Railways
• Waterways
• Airways

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3PL End-Use Outlook (Revenue, USD Billion, 2014 - 2025)
• Manufacturing
• Retail
• Healthcare
• Automotive
• Others

3PL Regional Outlook (Revenue, USD Billion, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Australia
• Latin America
• Brazil
• Mexico
• Middle East and Africa

Third party logistics (TPL or 3PL), is a service provider outsourced by a company in a supply chain management or logistic. Increasing globalization for trade offers manufacturing companies with a worldwide networking platform. Companies majorly focus on keeping up with their productivity, and thus rely on third party logistics to suffice their transportation and packaging. This in turn, has driven growth of the market for third part logistics.

Growing e-commerce industry is one of the major drivers for growth of the global third party logistics market. For instance, in 2016, the global B2C ecommerce industry generated revenue of US$ 2.1 trillion, from US$ 1.8 trillion in 2015, and is expected to reach up to US$ 2.4 trillion by 2017. Several e-commerce companies that have adopted the online platform to sell their products do not have their own logistics services. This also contributes to the increased demand for TPL.

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The Third-party Logistics Market is expected to have a highly positive outlook for the next five years 2018-2026 according to a recently released Third-party Logistics Market research report. The report has been added in his large database by Coherent Market Insights. This report is a guide that covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on the global and regional basis.

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in 2016, the global B2C ecommerce industry generated revenue of US$ 2.1 trillion, from US$ 1.8 trillion in 2015, and is expected to reach up to US$ 2.4 trillion by 2017. Several e-commerce companies that have adopted the online platform to sell their products do not have their own logistics services. This also contributes to the increased demand for TPL. Increasing number of startups, generally are unable to afford their own logistics services, thus increasing the demand for third party logistics. Moreover, the convenience of shopping online, is increasing adoption of online shopping by several customers worldwide, which in turn, is expected to fuel growth of the third party logistic services in e-commerce industry.

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Third-party logistics (TPL or 3PL), is a service provider outsourced by a company in a supply chain management or logistic. Increasing globalization for trade offers manufacturing companies with a worldwide networking platform. Companies majorly focus on keeping up with their productivity and thus rely on third-party logistics to suffice their transportation and packaging. This, in turn, has driven the growth of the market for third party logistics. The growing e-commerce industry is one of the major drivers for the growth of the global third-party logistics market. For instance, in 2016, the global B2C e-commerce industry generated revenue of US$ 2.1 trillion, from US$ 1.8 trillion in 2015, and is expected to reach up to US$ 2.4 trillion by 2017. Several e-commerce companies that have adopted the online platform to sell their products do not have their own logistics services. This also contributes to the increased demand for TPL. An increasing number of startups, generally are unable to afford their own logistics services, thus increasing the demand for third party logistics. Moreover, the convenience of shopping online is increasing the adoption of online shopping by several customers worldwide, which in turn, is expected to fuel growth of the third party logistic services in the e-commerce industry.

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