Third-Party Logistics Market was valued at US$ 961.08 Bn in 2021, and the market is expected to grow to US$ 1813.44 billion in 2029, at a CAGR of 8.26% during the forecast period.
Third-Party Logistics Market Overview:Third-party logistics are the service providers which are actively involved in and specialised in handling organizations or manufacturers' operations such as assembly line, storage, freight & forwarding. The report explores the Third-Party Logistics Market’s segments (Mode of Transport, Industry, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Mode of Transport market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Mode of Transport market's contemporary competitive scenario. To know about the Research Methodology:- Request Free Sample Report
COVID-19 ImpactThe report also includes a review of the impact of the COVID-19 lockdown on supply operations globally. The pandemic played an extraordinary tensity on logistics and transportation resources. In the movement of goods, the shippers are facing uncertainty in certain regions. These sectors are disturbed due to the disparity of supply and demand, also by various reasons such as limited staff, and reduction in working hours, mainly on the limitation on the logistics activities globally. The eruption of COVID-19 has had a deep impact on domestic and international logistics management services. The major imbalance is caused by the incoming and outgoing freights in the contaminated zones which leads to an increase in the lead time. Nationwide disruptions occurred throughout the transportation, which adversely affect the logistics industry. A survey from NTT (Nippon Telegram & Telephone) data states that third-party logistics faced backlogs in the area of the supply chain, and more than 50% of the third-party logistics said, that this pandemic has negatively impacted their operations, financial condition.
Third-Party Logistics Market Dynamics:With the rise of globalization and liberalization, assist in setting up a worldwide network of manufacturing activities and maintaining their operations effective way, the demand for the third-party logistics services and their market growth are increasing across the globe. The scope of these markets also gaining because of the productivity gains in the supply chains in terms of cost and dependability derived with the help of technology expertise provided by third-party logistics. In addition of the development in the e-commerce industry and increase in reverse logistics operations drive the growth of the logistics industry across the globe. There are various global companies which in need of technology-driven logistics services which leads to having the factor expected for the boost in logistics. The northward direction growth of third-party logistics market is because of the demand for online delivery. It results in the software developers having to set work creating platforms designed to make the supply chain more controllable. The software like Project44, Fourkites are the operators which help to identify the supply chain-related problems easily and quickly resolve them, saving the organization time, these factors might also relate to the growth of the logistics industry The E-commerce business during the COVID-19 has also seen a drastic and opportunistic rise in some regions. They witnessed the customer’s demand related to change to timely delivery. They are inclined on same-day and one-day delivery. It resultant, to challenges for retailers to start shifting to have an affording logistics services. Here, the third-party logistics come into the frame for meeting the customer expectations in a cost-efficient way. In the excessive increases in e-commerce development also surge the demand for the logistics services in the areas like express delivery & inventory management. The rise in cities like tier 3 to 5 where logistics services are heavily due to infrastructure development leads to more trade services and contains the definition of their services in the future However, the loss of control over the logistics service by the organization itself and their potential loss of reputation are the critical factors that may restrict these industries from growth. Third-Party Logistics Market Trends- The shippers or the service providers focus on technology. The shippers mainly rely on the third party for their costly transportation and technological problems. immensely, they are looking for the logistics providers for many systems like transportation management systems, supply chain event management systems, international trade logistics management systems, and warehousing management systems. Moreover, the third-party deals with the attest technologies require for all those systems and implement them on their systems which gives them cost-effective services without any inventory management, power-efficient, and avail productivity. As the research says, it helps to benefit from 80% cost-cutting by using these logistics service providers. For example- Schneider logistics used a web-based system to serve a much broader range of customers cost-effectively.
Third-Party Logistics Market Segment Analysis:Based on Mode of Transport, the Third-Party Logistics Market is segmented into roadways, airways, waterways, and railways. The largest portion is taken by the roadways segment and is expected to maintain its position in upcoming years in the market. The reason behind the immense growth of these segments is the road infrastructure and in cross borders trades. In addition, of it, third-party logistics adapts the latest IT technology solution such as Warehouse Management systems and Transport Management systems to provide innovative delivery services with reliability to first-part companies. For instance, NEXT Future Transportation Inc., in September 2021, introduced an automatic ground vehicle and e-shuttle in road vehicles to operate on public roads for providing automatic parcel delivery solutions. Based on Industry, the Third-Party Logistics Market is segmented into Manufacturing, Automotive, Retailing, Technological, and Logistics. The industry of logistics is rapidly growing because of the trend of ordering goods products such as Mobile phones, computers, laptops, etc or many other consumable goods which are provided by e-commerce websites and increasingly using of internet penetration lift this service industry, also there are many automobile industries which require these service of transportation in heavy material. Third-party logistics become a crucial player in these because they provide their efficient and effective services as a priority on basis of their customer demand. Thus, this industry continuously leading in the market and also have remarkable performance. The giant companies like DHL, and Amazon promising same-day delivery made their requirement more in all the areas. The manufacturing areas rely on logistics based on the raw materials and also for that they should be in the frame. That is why this industry has dominated the market to its rapid growth and development
Third-Party Logistics Market Regional Insights:The Asia Pacific region held the largest market share accounting for USD 486 Billion in 2021 and expects further growth in the coming forecasting years. The reason for the huge growth in the e-commerce industry is to incorporate warehouse projects and their solutions in the supply chain by regional companies. The North American market also anticipated remarkable growth due to an increase in their partnership among leader logistics countries which leads to having incorporated them to have also their own logistics services for their regional growth. In Europe, these industries gain a growth because of their food & groceries basket in their country which leads to having the rise in the e-commerce platform, these immense growth in the logistics because of these factors. In these, the large giants of logistics provide them with a huge storage capacity for their inventory management. The objective of the report is to present a comprehensive analysis of the global Third-party Logistics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the 3rd party logistics Market dynamic, and structure by analyzing the market segments and projecting the 3rd party logistics market size.
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Global Third-Party Logistics Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 961.08 Bn. Forecast Period 2022 to 2029 CAGR: 8.26% Market Size in 2029: US $ 1813.44 Bn. Segments Covered: by Mode of Transport • Roadways • Railways • Airways • Waterways by Industry • Manufacturing • Automotive • Retailing • Technological • Logistics
Third-Party Logistics Market, by Region• North America • Europe • Asia Pacific • The Middle East and Africa • South America
Third Party Logistics Market Key Players:• DHL GROUP (Bonn, Germany) • C.H ROBINSON (U.S) • Ceva Logistics ( France ) • Fed EX (U.S) • Nippon Express (Japan) • BDP International • United Parcel Service of America • XPO Logistics • Kuehne + Nagel • Kenco Group Inc. • Americold Logistics • DSV Panalpina • J.B Hunt Transport Inc. • United parcel service, Inc.
Frequently Asked Questions:1] What segments are covered in the Third-Party Logistics Market report? Ans. The segments covered in the Third-Party Logistics Market report are based on the Mode of Transport and Industry. 2] Which region is expected to hold the highest share in the Third-Party Logistics Market? Ans. The Asia Pacific region is expected to hold the highest share in the Third-Party Logistics Market. 3] What is the market size of the Third-Party Logistics Market by 2029? Ans. The market size of the Third-Party Logistics Market by 2029 is expected to reach nearly US$ 1813.44 Bn. 4] What is the forecast period for the Third-Party Logistics Market? Ans. The forecast period for the Third-Party Logistics Market is 2022-2029. 5] What was the market size of the Third-Party Logistics Market in 2021? Ans. The market size of the Third-Party Logistics Market in 2021 was valued at US$ 961.08 Bn.
1. Global Third-Party Logistics Market Size: Research Methodology 2. Global Third-Party Logistics Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Third-Party Logistics Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Third-Party Logistics Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Third-Party Logistics Market Size Segmentation 4.1. Global Third-Party Logistics Market Size, by Mode of Transport (2021-2029) • Roadways • Railways • Airways • Waterways 4.2. Global Third-Party Logistics Market Size, by Industry (2021-2029) • Manufacturing • Automotive • Retailing • Technological • Logistics 5. North America Third-Party Logistics Market (2021-2029) 5.1. North America Third-Party Logistics Market Size, by Mode of Transport (2021-2029) • Roadways • Railways • Airways • Waterways 5.2. North America Third-Party Logistics Market Size by Industry (2021-2029) • Manufacturing • Automotive • Retailing • Technological • Logistics 5.3. North America Third-Party Logistics Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Third-Party Logistics Market (2021-2029) 6.1. European Third-Party Logistics Market, by Mode of Transport (2021-2029) 6.2. European Third-Party Logistics Market, by Industry (2021-2029) 6.3. European Third-Party Logistics Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Third-Party Logistics Market (2021-2029) 7.1. Asia Pacific Third-Party Logistics Market, by Mode of Transport (2021-2029) 7.2. Asia Pacific Third-Party Logistics Market, by Industry (2021-2029) 7.3. Asia Pacific Third-Party Logistics Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Third-Party Logistics Market (2021-2029) 8.1. Middle East and Africa Third-Party Logistics Market, by Mode of Transport (2021-2029) 8.2. Middle East and Africa Third-Party Logistics Market, by Industry (2021-2029) 8.3. Middle East and Africa Third-Party Logistics Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Third-Party Logistics Market (2021-2029) 9.1. South America Third-Party Logistics Market, by Mode of Transport (2021-2029) 9.2. South America Third-Party Logistics Market, by Industry (2021-2029) 9.3. South America Third-Party Logistics Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. DHL GROUP 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. C.H ROBINSON (U.S) 10.3. Ceva Logistics ( France ) 10.4. Fed EX (U.S) 10.5. Nippon Express (Japan) 10.6. BDP International 10.7. United Parcel Service of America 10.8. XPO Logistics 10.9. Kuehne + Nagel 10.10. Kenco Group Inc. 10.11. Americold Logistics 10.12. DSV Panalpina 10.13. J.B Hunt Transport Inc. 10.14. United parcel service, Inc.