The global third-party logistics market size is expected to reach US$ 1710.58 billion by 2030 from US$ 919.12 billion in 2020 and is expected to grow at an impressive double-digit rate of 8.3% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global third-party logistics Market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
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Growth Factors
Rising e-commerce and retail businesses are significantly escalating the demand for third-party logistics. Main factors contributing towards the growth of e-commerce business are changing consumer purchasing behavior, easy availability of the products over internet, no need to go out for shopping in the digital world, and many others. Additionally, growing demand for fast and cost-effective logistics services also aid in the growth of the third-party logistics market. Hence, the market anticipated to witness profound growth over the forecast period.
Apart from this, increasing tilt of manufacturing businesses to outsource their supply chain also provides significant escalation to the third-party logistics market. Earlier, these businesses invest largely on maintaining their supply chain and inventory as they need to manage their logistics from raw material procurement to finished product distribution process. By outsourcing supply chain process, manufacturers are now free from warehouse management, inventory management, and focus more towards their market growth strategies.
However, COVID-19 outbreak in the early 2020 has significantly impacted the global supply chain. The logistics network has also been disrupted due to stringent regulations imposed by the government in order to prevent the rapid spread of virus. Several third-party logistics companies are facing uncertainty for the movement of their goods. In addition, lack of human resource and less working hour have also impacted badly on the third-party logistics market.
| Report Highlights | Details |
| Market Size | US$ 1710.58 Bn by 2027 |
| Growth Rate | CAGR of 8.3% from 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Segments Covered | Service, Transport, End-use |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
| Companies Mentioned | Burris Logistics, CEVA Logistics, DB Schenker Logistics, FedEx Corporation, BDP International, UPS Supply Chain Solutions, Inc., Kuehne + Nagel International AG, J.B. Hunt Transport Services, Inc., Nippon Express Co., Ltd., XPO Logistics, Inc |
Report Highlights
- North America dominated the global third-party logistics market in 2020 and is expected to grow at a steady rate owing to rising demand for cold storage in the region
- The Asia Pacific is anticipated witnessing the highest growth rate over the forecast period due to increasing industrialization and manufacturing businesses in the region
- By service, Domestic Transportation Management (DTM) led the global third-party logistics market in 2020 with a revenue share of around 30.3%
- Roadways segment captured major revenue share of the global market because of rapid development in the logistics infrastructure
- Airways expected to be the fastest growing transportation segment owing to need for fast and cost-effective delivery services
- In terms of end-use, the manufacturing segment captured a major revenue share of nearly 25.5% owing to shifting of companies to supply chain outsourcing rather than maintaining in-house supply chain
- Retail segment anticipated flourishing growth over the upcoming years because of rapid growth of retail businesses
On the other side, the Asia Pacific exhibits the fastest growth rate over the upcoming years owing several policies for trade liberalization coupled with rapid growth in the manufacturing sector in developing as well as under-developed countries. China, India, South Korea, Japan, and Taiwan are some of the rapidly developing countries in terms of manufacturing, transportation, and industrialization that account to propel the market growth in the region. For instance, the Government of India has set the Logistics Efficiency Enhancement Program (LEEP) for the development of multi-model logistics park.
Key Players & Strategies
The prominent players in the market are more focused to include technological advancements to their services that include route optimization, real-time tracking of shipments, and advanced driver assistance systems. These technologies help companies to maintain complete visibility during the entire supply chain.
Moreover, some market players are also highly focused on inorganic strategies of growth such as merger & acquisition, partnership, regional expansion, and many others. For instance, in August 2019, Panalpina Welt transport Holding AG, a logistics company based in Switzerland was acquired by DSV. This increases the competitive value of the company in the market.
Some of the prominent players in the third-party logistics market include:
- Burris Logistics
- CEVA Logistics
- C.H. Robinson Worldwide (CHRW) Inc.
- DB Schenker Logistics
- FedEx Corporation
- BDP International
- UPS Supply Chain Solutions, Inc.
- Kuehne + Nagel International AG
- J.B. Hunt Transport Services, Inc.
- Nippon Express Co., Ltd.
- XPO Logistics, Inc
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Precedence Research has segmented the global third-party logistics market report on the basis of service, transport, end-use, and region:
Service Outlook
- Domestic Transportation Management (DTM)
- International Transportation Management (ITM)
- Dedicated Contract Carriage (DCC)/ Freight forwarding
- Value-Added Logistics Services (VALs)
- Warehousing & Distribution (W&D)
Transport Outlook
- Railways
- Roadways
- Airways
- Waterways
End-use Outlook
- Retail
- Manufacturing
- Automotive
- Healthcare
- Others
Regional Analysis:
The geographical analysis of the global third-party logistics market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global third-party logistics Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Regional Snapshots
North America led the global third-party logistics market and hold significant share nearly 25.4% in the year 2020. Rise in the domestic and international trade has significantly impacted the third-party logistics market growth in North America region. United States is the front-runner in the North America region and captured nearly 70% of the market revenue. As per World Trade Organization (WTO), merchandise exports to the United States have significantly increased from the year 2017 to 2018. Because of growing trade activities customers are also demanding timely delivery of product and efficient operations of the process.
Why should you invest in this report?
If you are aiming to enter the global third-party logistics market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for third-party logistics are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Key Questions Answered by the Report:
- What will be the size of the global third-party logistics market in 2030?
- What is the expected CAGR for the third-party logistics market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global third-party logistics market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Third-party Logistics Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
Chapter 5. COVID 19 Impact on Third-party Logistics Market
5.1. Covid-19: Business Third-party Logistics Industry Impact
5.2. Third-party Logistics Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Third-party Logistics Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Third-party Logistics Market Players to deal with Covid-19 Pandemic Scenario
Chapter 6. Third-party Logistics Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Technology advancement in logistics
6.1.1.2. Rising demand for manufacturing and retail sector
6.1.2. Market Restraints
6.1.2.1. Lack of logistics control
6.1.3. Market Opportunities
6.1.3.1. Government initiatives encouraging the Asia Pacific market growth
Chapter 7. Global Third-party Logistics Market: Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Third-party Logistics Market Revenue by Market Players (2017 - 2020)
7.1.1.2. Third-party Logistics Market Revenue Market Share by Market Players (2017 - 2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Process Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users
Chapter 8. Global Third-party Logistics Market, By Service
8.1. Third-party Logistics Market, by Service, 2017-2027
8.2. Domestic Transportation Management (DTM)
8.2.1.1. Market Revenue Forecast (2017-2027)
8.3. International Transportation Management (ITM)
8.3.1.1. Market Revenue Forecast (2017-2027)
8.4. Dedicated Contract Carriage (DCC)/ Freight forwarding
8.4.1.1. Market Revenue Forecast (2017-2027)
8.5. Value-Added Logistics Services (VALs)
8.5.1.1. Market Revenue Forecast (2017-2027)
8.6. Warehousing & Distribution (W&D)
8.6.1.1. Market Revenue Forecast (2017-2027)
Chapter 9. Global Third-party Logistics Market, By Transportation
9.1. Third-party Logistics Market, by Transportation, 2017-2027
9.2. Railways
9.2.1.1. Market Revenue Forecast (2017-2027)
9.3. Roadways
9.3.1.1. Market Revenue Forecast (2017-2027)
9.4. Airways
9.4.1.1. Market Revenue Forecast (2017-2027)
9.5. Waterways
9.5.1.1. Market Revenue Forecast (2017-2027)
Chapter 10. Global Third-party Logistics Market, By End-use
10.1. Third-party Logistics Market, by End-use, 2017-2027
10.2. Retail
10.2.1.1. Market Revenue Forecast (2017-2027)
10.3. Manufacturing
10.3.1.1. Market Revenue Forecast (2017-2027)
10.4. Automotive
10.4.1.1. Market Revenue Forecast (2017-2027)
10.5. Healthcare
10.5.1.1. Market Revenue Forecast (2017-2027)
10.6. Others
10.6.1.1. Market Revenue Forecast (2017-2027)
Chapter 11. Global Third-party Logistics Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue Forecast by Service(2017-2027)
11.1.2. Market Revenue Forecast by Transportation(2017-2027)
11.1.3. Market Revenue Forecast by End-use(2017-2027)
11.1.5. U.S
11.1.5.1. Market Revenue Forecast (2017-2027)
11.1.6. Canada
11.1.6.1. Market Revenue Forecast (2017-2027)
11.2. Europe
11.2.1. Market Revenue Forecast by Service (2017-2027)
11.2.2. Market Revenue Forecast by Transportation (2017-2027)
11.2.3. Market Revenue Forecast by End-use (2017-2027)
11.2.5. UK
11.2.5.1. Market Revenue Forecast (2017-2027)
11.2.6. Germany
11.2.6.1. Market Revenue Forecast (2017-2027)
11.2.7. France
11.2.7.1. Market Revenue Forecast (2017-2027)
11.2.8. Rest of EU
11.2.8.1. Market Revenue Forecast (2017-2027)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue Forecast by Service (2017-2027)
11.3.2. Market Revenue Forecast by Transportation (2017-2027)
11.3.3. Market Revenue Forecast by End-use (2017-2027)
11.3.5. China
11.3.5.1. Market Revenue Forecast (2017-2027)
11.3.6. India
11.3.6.1. Market Revenue Forecast (2017-2027)
11.3.7. Japan
11.3.7.1. Market Revenue Forecast (2017-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue Forecast (2017-2027)
11.4. LATAM
11.4.1. Market Revenue Forecast by Service (2017-2027)
11.4.2. Market Revenue Forecast by Transportation (2017-2027)
11.4.3. Market Revenue Forecast by End-use (2017-2027)
11.4.5. Brazil
11.4.5.1. Market Revenue Forecast (2017-2027)
11.4.6. Rest of LATAM
11.4.6.1. Market Revenue Forecast (2017-2027)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue Forecast by Service (2017-2027)
11.5.2. Market Revenue Forecast by Transportation (2017-2027)
11.5.3. Market Revenue Forecast by End-use (2017-2027)
11.5.5. GCC
11.5.5.1. Market Revenue Forecast (2017-2027)
11.5.6. North Africa
11.5.6.1. Market Revenue Forecast (2017-2027)
11.5.7. South Africa
11.5.7.1. Market Revenue Forecast (2017-2027)
11.5.8. Rest of MEA
11.5.8.1. Market Revenue Forecast (2017-2027)
Chapter 12. Company Profiles
12.1. Burris Logistics
12.1.1. Company Overview, Business Information, Regional Presence
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Product Type
12.1.3. Revenue, Price, and Gross Margin (2017-2020)
12.1.4. Recent Developments and Strategies
12.2. CEVA Logistics
12.2.1. Company Overview, Business Information, Regional Presence
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Product Type
12.2.3. Revenue, Price, and Gross Margin (2017-2020)
12.2.4. Recent Developments and Strategies
12.3. C.H. Robinson Worldwide (CHRW) Inc.
12.3.1. Company Overview, Business Information, Regional Presence
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Product Type
12.3.3. Revenue, Price, and Gross Margin (2017-2020)
12.3.4. Recent Developments and Strategies
12.4. DB Schenker Logistics
12.4.1. Company Overview, Business Information, Regional Presence
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Product Type
12.4.3. Revenue, Price, and Gross Margin (2017-2020)
12.4.4. Recent Developments and Strategies
12.5. FedEx Corporation
12.5.1. Company Overview, Business Information, Regional Presence
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Product Type
12.5.3. Revenue, Price, and Gross Margin (2017-2020)
12.5.4. Recent Developments and Strategies
12.6. BDP International
12.6.1. Company Overview, Business Information, Regional Presence
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Product Type
12.6.3. Revenue, Price, and Gross Margin (2017-2020)
12.6.4. Recent Developments and Strategies
12.7. UPS Supply Chain Solutions, Inc.
12.7.1. Company Overview, Business Information, Regional Presence
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Product Type
12.7.3. Revenue, Price, and Gross Margin (2017-2020)
12.7.4. Recent Developments and Strategies
12.8. Kuehne + Nagel International AG
12.8.1. Company Overview, Business Information, Regional Presence
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Product Type
12.8.3. Revenue, Price, and Gross Margin (2017-2020)
12.8.4. Recent Developments and Strategies
12.9. J.B. Hunt Transport Services, Inc.
12.9.1. Company Overview, Business Information, Regional Presence
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Product Type
12.9.3. Revenue, Price, and Gross Margin (2017-2020)
12.9.4. Recent Developments and Strategies
12.10. Nippon Express Co., Ltd.
12.10.1. Company Overview, Business Information, Regional Presence
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Product Type
12.10.3. Revenue, Price, and Gross Margin (2017-2020)
12.10.4. Recent Developments and Strategies
12.11. XPO Logistics, Inc
12.11.1. Company Overview, Business Information, Regional Presence
12.11.2. Product Portfolio Analysis
12.11.2.1. Product Details, Specification, Product Type
12.11.3. Revenue, Price, and Gross Margin (2017-2020)
12.11.4. Recent Developments and Strategies
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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