Third-party Logistics Market (By Service: Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing &Distribution (W&D), Value Added Logistics Services (VALs); By Transport: Roadways, Railways, Waterways, Airways; By End-use: Manufacturing, Retail, Healthcare, Automotive) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 – 2030

Published Date : Feb 2022 | No. of Pages : 150+ Pages | Category : ICT

The global third-party logistics market size was valued at USD 955.80 billion in 2021, and is predicted to be worth around USD 1,997.73 billion by 2030, registering a CAGR of 8.5% during the forecast period 2022 to 2030.

Third-party Logistics Market Size 2021 to 2030

Growth Factors

The development of logistics infrastructure in the Asia and Middle East regions, the rapid growth of the e-commerce sector, and the development of new technologies are expected to significantly contribute to the market growth. Shippers are focusing on outsourcing the logistics activity to enhance their operations and cost-effectiveness. The increased working capital and globalization lead to the demand for efficient inventory management services. Moreover, the restructuring of the brick-and-mortar business model continues to provide dynamic growth to the industry.

The changing global supply chain to become more customer-centric enables the companies to outsource their supply chain activities to focus on adaptability and responsiveness. Moreover, the volatile international documentation procedure and customs rules & regulations need the expertise to handle the complex supply chain activity.

The Internet of Things (IoT) and cloud-based logistics management solution turn the data into actionable value-added information, which can shape the strategic decision-making process and increase productivity. Some of the capital-intensive organizations are increasing their Information Technology (IT) spending and are using predictive analytics for supply chain enhancement.

Report Coverage

Report Scope Details
Market Size US$ 1,997.73 billion by 2030
Growth Rate CAGR of 8.5% From 2022 to 2030
Largest Market North America
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Service, End use, Transport
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned BDP International; Burris Logistics; C.H. Robinson Worldwide, Inc.; Deutsche Post AG (DHL Group); CEVA Logistics; DSV; DB Schenker Logistics; FedEx; J.B. Hunt Transport, Inc; Kuehne + Nagel; Nippon Express; United Parcel Service of America, Inc.; XPO Logistics, Inc.; Yusen Logistics Co. Ltd

By Service Analysis

The Domestic Transportation Management (DTM) segment held the largest market share of 32.51% in 2021. DTM services are performed in conjunction with freight brokers, which deal with shipment origin to their destination.

The increasing trade movement among the unloading docks to a warehouse, escalating carrier rates, a surge in cross-docking services, and rising fuel surcharge are driving the growth of the DTM segment.

The growing consumer demand in sectors, such as retail, and healthcare, and the steady GDP growth of various countries is further aiding the segment growth. The continued growth in global economic activities and a rise in the e-commerce sector have led to a rise in demand for international transportation management services.

Trade liberalization policies and cross-border logistics activities have increased international trade, thereby propelling the segment growth. Free Trade Agreements (FTAs) are driving the demand for international transportation.

The African Continental Free Trade Area (AfCFTA) and Progressive Trans-Pacific Partnership (CPTPP) are the two recent examples of rising multilateral free-trade agreements.

By Transport Analysis

On the basis of transport, the global market has been divided into roadways, railways, waterways, and airways. The roadways segment dominated the market in 2021 with a revenue share of more than 58%.

The growing public-private partnerships model and increased emphasis on logistics infrastructure are expected to drive the growth of the roadways segment over the forecast period. 

The airways transport segment is expected to register the fastest growth rate over the forecast period. The recent coronavirus outbreak has put a restriction on the global air freight trade resulting in a massive drop in the air uplift capacity, thereby increasing the carrier rates.

By End-use Analysis

The manufacturing segment accounted for the largest revenue share of more than 24.5% in 2021. Manufacturing and logistics go hand in hand as the industry has a complex supply chain process. The manufacturing sector involves the procurement of raw materials and other parts from different resources across the regions.

The involvement of various suppliers and distributors makes the logistics activity a tedious job. Thereby, the manufacturing sector is outsourcing the logistics activities owing to the benefits offered, in terms of reduced transportation cost, supply chain visibility, inventory and vendor management, business process development, and improved customer services.

The local manufacturing sector in India is growing with several tax reform policies and government initiatives, such as ‘Make in India’ projects. The retail sector is expected to emerge as the fastest-growing segment over the forecast period.

Logistics is the backbone of the modern retail industry playing a crucial role in same-day delivery and fulfillment capabilities. E-retailing and dedicated logistics services have paved the way for medium-scale companies to enter the 3PL market, thereby helping retail companies to expand their operations and offerings in semi-urban areas.

By Regional Analysis

Asia Pacific is expected to emerge as the fastest-growing regional market at a CAGR of 10.3% over the forecast period. The growing trans-regional trade corridors and gateways are expected to create a huge opportunity for the 3PL providers. 

The concentration of manufacturing and sourcing in China has led to the strategic shift of technology, pharmaceuticals, and the automotive sector in other countries. Such a shift is expected to propel market growth in countries, including India, South Korea, Japan, and Vietnam. 

North America accounted for the largest revenue share in 2021 with the U.S. spearheading the regional market. The tight truck capacity across the U.S. has led shippers to move towards dedicated contract carriage services. In addition, the rising demand for cold storage in the region is expected to boost the 3PL market over the coming years. 

Key Players

  • BDP International

  • Burris Logistics

  • C.H. Robinson Worldwide, Inc.

  • CEVA Logistics

  • DSV

  • DB Schenker Logistics

  • FedEx

  • J.B. Hunt Transport, Inc.

  • Kuehne + Nagel

  • Nippon Express

  • United Parcel Service of America, Inc.

  • XPO Logistics, Inc.

  • Yusen Logistics Co. Ltd.

Market Segmentation

  • By Service 

    • Dedicated Contract Carriage (DCC)/Freight forwarding

    • Domestic Transportation Management (DTM)

    • International Transportation Management (ITM)

    • Warehousing &Distribution (W&D)

    • Value Added Logistics Services (VALs)

  • By Transport 

    • Roadways

    • Railways

    • Waterways

    • Airways

  • By End-use 

    • Manufacturing

    • Retail

    • Healthcare

    • Automotive

    • Others

  • Regional

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Poland

      • Hungary

    • Asia Pacific

      • China

      • India

      • Japan

      • Australia

      • Thailand

      • Vietnam

      • South Korea

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

The third-party logistics market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of third-party logistics market for the base year 2022 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global third-party logistics market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the third-party logistics market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted third-party logistics market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the third-party logistics capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of third-party logistics by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global third-party logistics market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major third-party logistics market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of third-party logistics market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the third-party logistics industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

third-party logistics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to third-party logistics market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of third-party logistics market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new third-party logistics market. These factors have benefited the growth of the global market for third-party logistics. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for third-party logistics. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of third-party logistics are as follows:

  • History Year: 2019-2021
  • Base Year: 2022
  • Forecast Year 2022  to 2030

Reasons to Purchase this Report:


- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2019-2022) and forecast (2022-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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