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Global Third-Party Logistics Market, By Mode of Transport, By Service, By End User, Estimation & Forecast, 2017 - 2027

  • ID: 5511317
  • Report
  • October 2021
  • Region: Global
  • 146 Pages
  • Astute Analytica
UP TO OFF until May 26th 2022

FEATURED COMPANIES

  • DB SCHENKER (DB GROUP)
  • FEDEX CORPORATION
  • KUEHNE+NAGEL INC.
  • MAERSK
  • NIPPON EXPRESS
  • Others
The global third party logistics market was valued at USD 1,032 Billion in 2021 and is forecasted to reach USD 1,656.7 Billion by the year 2027. The market is anticipated to register a CAGR of 8.2% over the projected period.



Third party logistics or 3PL or TPL involves hiring of a third party businesses by an organization for outsourcing elements on its warehousing, distribution, and fulfilment services. Increase in trading activities due to globalization is expected to boost the market growth. Furthermore, rise in focus of manufacturers and retailers on core competencies is also expected to fuel the market growth.

Despite the driving factors, issues over dependency are expected to hinder the market growth during the forecast period. Also, loss of direct control on the logistics is also expected to negatively impact the market growth. The COVID-19 pandemic put a unprecedented stress on logistics as well as transportation services. Hence, the pandemic restrained the market growth.

Growth Influencers:


Increase in trading activities due to globalization

Rapidly improving global economy along with the changing market conditions is leading to globalization. This is also increasing the trading activities, which makes it difficult for various organizations to control their activities as well as track them. Hence, various organizations partner with other companies for outsourcing their logistics activities. Hence, growing trading activities for globalization is expected to boost the market growth.

Rise in focus of retailers and manufacturers on their core competencies

Retailers and manufacturers are increasing their focus on core competencies to sustain the intense competition in their respective markets. Due to this, they are outsourcing their other supporting activities to third party vendors. One of the major activities outsourced includes logistics. Hence, rise in focus of manufacturers and retailers on core competencies is anticipated to fuel the market growth.

Segments Overview:


The global Third Party Logistics market is segmented the mode of transport, service, and end user.

By Mode of Transport

  • Railways
  • Roadways
  • Waterways
  • Airways

The roadways segment is expected to hold the largest market share of around 44% owing to increasing emphasis on logistics infrastructure. Moreover, the airways segment is anticipated to witness the fastest growth rate of approximately 8.2% owing to growing preference of air transport owing to speedy transport of goods, especially medical equipment.

By Service

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

The domestic transportation management segment is estimated to hold the largest share of the market owing to growing trade movement among the unloading dock to a warehouse and increasing carrier charges. The dedicated contract carriage (DCC) segment is expected to grow at the fastest rate of over 10% during the projected period.

By End User

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

The technological segment is estimated to hold the largest market share of more than 28% owing to increasing demand of third party logistics by technological companies. The healthcare segment’s market size is approximately 37% of the automotive segment’s market size in 2021 and 41% by 2027.

Regional Overview


On the basis of region, the global Third Party Logistics market is divided into South America, North America, Europe, Asia Pacific, and the Middle East & Africa.

The Asia Pacific region is expected to hold the largest market share and is also expected to grow at the fastest rate of 8.9% during the projected period. this is owing to availability of cheap as well as skilled labor in the Asia Pacific countries, such as India and China.

Competitive Landscape


Key players operating in the global Third Party Logistics market include DHL International GmbH (Deutsche Post DHL Group), Kuehne+Nagel Inc., DB Schenker (DB Group), Nippon Express, C.H. Robinson Worldwide, Inc., Union Pacific Corporation, Fedex Corporation, United Parcel Service (UPS), Panalpina World Transport Ltd, Maersk, and Other Prominent Players.

These key players in the market are involved in collaborations, mergers & acquisitions, and new product launches to strengthen their market presence. For instance, in November 2021, DHL Express expanded its airfreight capacity for meeting the growing intra-Asia demand as well as between the U.S. and Asia Pacific.

The global Third Party Logistics market report provides insights on the below pointers:

  • Market Penetration: Provides comprehensive information on the market offered by the prominent players
  • Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
  • Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
  • Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Third Party Logistics market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
  • Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The global Third Party Logistics market report answers questions such as:

  • What is the market size and forecast of the Global Third Party Logistics Market?
  • What are the inhibiting factors and impact of COVID-19 on the Global Third Party Logistics Market during the assessment period?
  • Which are the products/segments/applications/areas to invest in over the assessment period in the Global Third Party Logistics Market?
  • What is the competitive strategic window for opportunities in the Global Third Party Logistics Market?
  • What are the technology trends and regulatory frameworks in the Global Third Party Logistics Market?
  • What is the market share of the leading players in the Global Third Party Logistics Market?
  • What modes and strategic moves are considered favorable for entering the Global Third Party Logistics Market?
Frequently Asked Questions about the Global Third-Party Logistics Market

What is the estimated value of the Global Third-Party Logistics Market?

The Global Third-Party Logistics Market was estimated to be valued at $1032.0 Billion in 2021.

What is the growth rate of the Global Third-Party Logistics Market?

The growth rate of the Global Third-Party Logistics Market is 8.2%, with an estimated value of $1656.7 Billion by 2027.

What is the forecasted size of the Global Third-Party Logistics Market?

The Global Third-Party Logistics Market is estimated to be worth $1656.7 Billion by 2027.

Who are the key companies in the Global Third-Party Logistics Market?

Key companies in the Global Third-Party Logistics Market include DHL INTERNATIONAL GmbH (DEUTSCHE POST DHL GROUP), KUEHNE+NAGEL INC., DB SCHENKER (DB GROUP), NIPPON EXPRESS, C.H. ROBINSON WORLDWIDE, INC., UNION PACIFIC CORPORATION, FEDEX CORPORATION, UNITED PARCEL SERVICE (UPS) and MAERSK.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • DB SCHENKER (DB GROUP)
  • FEDEX CORPORATION
  • KUEHNE+NAGEL INC.
  • MAERSK
  • NIPPON EXPRESS
  • Others
Chapter 1. Research Framework
1.1 Research Objective
1.2 Product Overview
1.3 Market Segmentation

Chapter 2. Research Methodology
2.1 Qualitative Research
2.1.1 Primary & Secondary Sources
2.2 Quantitative Research
2.2.1 Primary & Secondary Sources
2.3 Breakdown of Primary Research Respondents, By Region
2.4 Assumption for the Study
2.5 Market Size Estimation
2.6. Data Triangulation

Chapter 3. Executive Summary: Global Third Party Logistics Market

Chapter 4. Global Third Party Logistics Market Overview
4.1. Industry Value Chain Analysis
4.4. Porter's Five Forces Analysis
4.5. Market Dynamics and Trends
4.5.2. Drivers
4.5.3. Restraints
4.5.4. Key Trends
4.6. Covid-19 Impact Assessment on Market Growth Trend
4.7. Market Growth and Outlook
4.7.1. Market Revenue Estimates and Forecast (US$ Bn), 2017 - 2027
4.8. Regulatory Landscape
4.9. Competition Dashboard
4.9.1. Market Concentration Rate
4.9.2. Company Market Share Analysis (Value %), 2020
4.9.2. Competitor Mapping

Chapter 5. Third Party Logistics Market, By Product
5.1. Key Insights
5.2. Market Size and Forecast, 2017 - 2027 (US$ Bn)
5.2.1 Railways
5.2.2 Roadways
5.2.3 Waterways
5.2.4 Airways

Chapter 6. Third Party Logistics Market, By Service
6.1. Key Insights
6.2. Market Size and Forecast, 2017 - 2027 (US$ Bn)
6.2.1. Dedicated Contract Carriage (DCC)
6.2.2. Domestic Transportation Management
6.2.3. International Transportation Management
6.2.4. Warehousing & Distribution
6.2.5. Others

Chapter 7. Third Party Logistics Market, By End User
7.1. Key Insights
7.2. Market Size and Forecast, 2017 - 2027 (US$ Bn)
7.2.1. Technological
7.2.2. Automotive
7.2.3. Retailing
7.2.4. Elements
7.2.5. Food & Groceries
7.2.6. Healthcare
7.2.7. Others

Chapter 8. Third Party Logistics Market, By Region/ Country
8.1. Key Insights
8.2. Market Size and Forecast, 2017 - 2027 (US$ Bn)
8.2.1. North America
8.2.1.1. The U.S.
8.2.1.2. Canada
8.2.1.3. Mexico
8.2.2. Europe
8.2.2.1. Western Europe
8.2.2.1.1. The UK
8.2.2.1.2. Germany
8.2.2.1.3. France
8.2.2.1.4. Italy
8.2.2.1.5. Spain
8.2.2.1.6. Rest of Western Europe
8.2.2.2. Eastern Europe
8.2.2.2.1. Poland
8.2.2.2.2. Russia
8.2.2.2.3. Rest of Eastern Europe
8.2.3. Asia Pacific
8.2.3.1. China
8.2.3.2. India
8.2.3.3. Japan
8.2.3.4. Australia & New Zealand
8.2.3.5. ASEAN
8.2.3.6. Rest of Asia Pacific
8.2.4. Middle East & Africa (MEA)
8.2.4.1. UAE
8.2.4.2. Saudi Arabia
8.2.4.3. South Africa
8.2.4.4. Rest of MEA
8.2.5. South America
8.2.5.1. Brazil
8.2.5.2. Argentina
8.2.5.3. Rest of South America

Chapter 9. North America Third Party Logistics Market Analysis
9.1. Key Insights
9.2. Market Size and Forecast, 2017 - 2027 (US$ Bn)
9.2.1. By Product
9.2.2. By End User
9.2.3 By Service
9.2.4. By Country

Chapter 10. Europe Third Party Logistics Market Analysis
10.1. Key Insights
10.2. Market Size and Forecast, 2017 - 2027 (US$ Bn)
10.2.1. By Mode of Transportation
10.2.2. By End User
10.2.3 By Service
10.2.4. By Country

Chapter 11. Asia Pacific Third Party Logistics Market Analysis
11.1. Key Insights
11.2. Market Size and Forecast, 2017 - 2027 (US$ Bn)
11.2.1. By Mode of Transportation
11.2.2. By End User
11.2.3. By Service
11.2.4. By Country

Chapter 12. Middle East & Africa Third Party Logistics Market Analysis
12.1. Key Insights
12.2. Market Size and Forecast, 2017 - 2027 (US$ Bn)
12.2.1. By Mode of Transportation
12.2.2. By End User
12.2.3. By Service
12.2.3. By Country

Chapter 13. South America Third Party Logistics Market Analysis
13.1. Key Insights
13.2. Market Size and Forecast, 2017 - 2027 (US$ Bn)
13.2.1. By Mode of Transportation
13.2.2. By End User
13.2.3. By Service
13.2.3. By Country

Chapter 14. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)
14.1. DHL INTERNATIONAL GmbH (DEUTSCHE POST DHL GROUP)
14.2. KUEHNE+NAGEL INC.
14.3. DB SCHENKER (DB GROUP)
14.4. NIPPON EXPRESS
14.5. C.H. ROBINSON WORLDWIDE, INC.
14.6. UNION PACIFIC CORPORATION
14.7. FEDEX CORPORATION
14.8. UNITED PARCEL SERVICE (UPS)
14.9. PANALPINA WORLD TRANSPORT LTD.
14.10. MAERSK
14.11. Others
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • DHL INTERNATIONAL GmbH (DEUTSCHE POST DHL GROUP)
  • KUEHNE+NAGEL INC.
  • DB SCHENKER (DB GROUP)
  • NIPPON EXPRESS
  • C.H. ROBINSON WORLDWIDE, INC.
  • UNION PACIFIC CORPORATION
  • FEDEX CORPORATION
  • UNITED PARCEL SERVICE (UPS)
  • PANALPINA WORLD TRANSPORT LTD.
  • MAERSK
  • Others
Note: Product cover images may vary from those shown