Third-Party Logistics (3PL) Global Market to Reach $1.4 Trillion by 2026 at a CAGR of 9.2% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Third-Party Logistics (3PL) Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

The global third-party logistics market is expected to grow from $906.98 billion in 2021 to $992.23 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The third-party logistics market is expected to reach $1,418.70 billion in 2026 at a compound annual growth rate (CAGR) of 9.2%.

The main types of third-party logistics are dedicated contract carriage, domestic transportation management, international transportation management, warehousing and distribution, and other service types. Dedicated contract carriage refers to a service where shippers can pay a flat rate per truck and choose the length of time for which they can secure vehicles (one day, one week, a month), depending on their needs. The modes of transport are railways, roadways, waterways, and airways. The various industries involved technological, automotive, retailing, elements, food and groceries, healthcare, and other industries.

Asia Pacific was the largest region in the third-party logistics market in 2021. The regions covered in the third-party logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The development of the e-commerce industry is expected to propel the growth of the third-party logistics market going forward. Electronic commerce (E-commerce) refers to companies and individuals that buy and sell goods and services over the Internet. Third-party logistics providers (3PL) are utilized by many e-commerce businesses to oversee and manage their supply chain management. For instance, in 2021, according to Oberlo, a US-based dropshipping app for Shopify, total US e-commerce sales reached $960.1 billion, an 18.3 % year-over-year increase from $811.6 billion in 2020. Therefore, the development of the e-commerce industry is driving the third-party logistics market.

The shift in technology is a key trend gaining popularity in the third-party logistics market. Major companies operating in the third-party logistics market are focused on developing new technological solutions to strengthen their position. For instance, in 2020, DHL Supply Chain, a Germany-based provider of third-party logistics, launched a new "plug & play" robotics platform in partnership with Microsoft, a US-based technology company. This robotic platform has unique features such as reducing integration time and programming efforts for onboarding new automation devices into warehouse facilities and providing DHL customers flexibility in selecting suitable robotics systems by leveraging Microsoft Azure IoT technology and cloud platform services.

Scope

Markets Covered:

1) By Service Type: Dedicated Contract carriage; Domestic Transportation Management; International Transportation Management; Warehousing And Distribution; Other Service Types

2) By Mode Of Transport: Railways; Roadways; Waterways; Airways

3) By Industry: Technological; Automative; Retailing; Elements; Food And Groceries; Healthcare; Other Industries

Key Topics Covered:

1. Executive Summary

2. Third-Party Logistics (3PL) Market Characteristics

3. Third-Party Logistics (3PL) Market Trends And Strategies

4. Impact Of COVID-19 On Third-Party Logistics (3PL)

5. Third-Party Logistics (3PL) Market Size And Growth

6. Third-Party Logistics (3PL) Market Segmentation

7. Third-Party Logistics (3PL) Market Regional And Country Analysis

8. Asia-Pacific Third-Party Logistics (3PL) Market

9. China Third-Party Logistics (3PL) Market

10. India Third-Party Logistics (3PL) Market

11. Japan Third-Party Logistics (3PL) Market

12. Australia Third-Party Logistics (3PL) Market

13. Indonesia Third-Party Logistics (3PL) Market

14. South Korea Third-Party Logistics (3PL) Market

15. Western Europe Third-Party Logistics (3PL) Market

16. UK Third-Party Logistics (3PL) Market

17. Germany Third-Party Logistics (3PL) Market

18. France Third-Party Logistics (3PL) Market

19. Eastern Europe Third-Party Logistics (3PL) Market

20. Russia Third-Party Logistics (3PL) Market

21. North America Third-Party Logistics (3PL) Market

22. USA Third-Party Logistics (3PL) Market

23. South America Third-Party Logistics (3PL) Market

24. Brazil Third-Party Logistics (3PL) Market

25. Middle East Third-Party Logistics (3PL) Market

26. Africa Third-Party Logistics (3PL) Market

27. Third-Party Logistics (3PL) Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Third-Party Logistics (3PL) Market

29. Third-Party Logistics (3PL) Market Future Outlook and Potential Analysis

30. Appendix

Companies Mentioned

• DHL International GmbH
• Kuehne + Nagel International AG
• DB Schenker (DB Group)
• Nippon Express Co. Ltd.
• Union Pacific Corporation

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