PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625426
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625426
The global 3PL market size is expected to reach USD 2,448.06 billion by 2034, according to a new study by Polaris Market Research. The report "Third Party Logistics (3PL) Market Size, Share, Trends, Industry Analysis Report: By Service (Dedicated Contract Carriage, Domestic Transportation Management, International Transportation Management, Warehousing and Distribution, and Others), Mode of Transport, End Use, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Third party logistics (3PL) is the outsourcing of the logistics functions of a business from a specialized company. 3PL services can help businesses with a variety of tasks, including transportation, packaging, inventory management, reverse logistics, and inventory management.
The advent of new technologies is changing the third party logistics market dynamics. Third party logistics service providers are increasingly using advanced technologies/software such as supply chain event management (SCEM) and warehousing management systems (WMS) in their operations to improve productivity. Also, these technologies are enabling service providers to a much broader customer group in a cost-effective way.
The rising complexity of supply chain networks and the increasing emphasis on sustainability are driving the demand for third party logistics services. Businesses are increasingly partnering with logistic service providers that can help them reduce waste and minimize carbon emissions. By outsourcing logistics functions, companies can achieve greater efficiency and align their operations with environmental sustainability goals.
Third party logistic services are being increasingly used in the manufacturing sector. Outsourcing logistics operations enables manufacturers and retailers to stick to core competencies, which, in turn, increases overall efficiency and profitability for manufacturing businesses.
By service, the domestic transportation segment dominated the third party logistics market with the largest revenue share of 35.1% in 2024. The segment growth is primarily fueled by the rising carrier rates and increasing cross-decking services.
By end use, the manufacturing segment accounted for the largest revenue share of 25.2% in 2024, owing to the various benefits of third party logistics in terms of business process development and transport operations.
Asia Pacific held the largest revenue share of 45.12% in the third party logistics market in 2024, and is expected to witness the fastest growth during the forecast period. The regional market growth is primarily fueled by the increased demand for third party logistics from the manufacturing and retail sectors in emerging nations.
North America witnessed a significant share of the third party logistics market in 2024. The regional market growth is being propelled by the introduction of new economic policies and the presence of major logistics companies in the region.
A few key players in the third party logistics market are Burris Logistics; DSVl BDP International; DB Schenker Logistics; Burris Logistics; FedEx; J.B. Hunt Transport, Inc.; C.H. Robinson Worldwide, Inc.; CEVA Logistics; Kuehne + Nagel; XPO Logistics, Inc; Yusen Logistics Co. Ltd.; Nippon Express; and United Parcel Service of America, Inc.
Polaris Market Research has segmented the third party logistics market report on the basis of service, mode of transport, end use, and region:
Table 1 Global Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 2 Global Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 3 Global Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 4 North America: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 5 North America: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 6 North America: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 7 U.S.: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 8 U.S.: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 9 U.S.: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 10 Canada: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 11 Canada: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 12 Canada: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 13 Europe: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 14 Europe: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 15 Europe: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 16 UK: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 17 UK: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 18 UK: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 19 France: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 20 France: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 21 France: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 22 Germany: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 23 Germany: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 24 Germany: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 25 Italy: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 26 Italy: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 27 Italy: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 28 Spain: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 29 Spain: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 30 Spain: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 31 Netherlands: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 32 Netherlands: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 33 Netherlands: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 34 Russia: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 35 Russia: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 36 Russia: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 37 Rest of Europe: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 38 Rest of Europe: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 39 Rest of Europe: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 40 Asia Pacific: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 41 Asia Pacific: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 42 Asia Pacific: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 43 China: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 44 China: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 45 China: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 46 India: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 47 India: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 48 India: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 49 Malaysia: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 50 Malaysia: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 51 Malaysia: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 52 Japan: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 53 Japan: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 54 Japan: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 55 Indonesia: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 56 Indonesia: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 57 Indonesia: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 58 South Korea: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 59 South Korea: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 60 South Korea: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 61 Australia: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 62 Australia: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 63 Australia: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 64 Rest of Asia Pacific: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 65 Rest of Asia Pacific: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 66 Rest of Asia Pacific: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 67 Middle East & Africa: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 68 Middle East & Africa: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 69 Middle East & Africa: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 70 Saudi Arabia: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 71 Saudi Arabia: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 72 Saudi Arabia: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 73 UAE: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 74 UAE: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 75 UAE: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 76 Israel: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 77 Israel: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 78 Israel: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 79 South Africa: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 80 South Africa: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 81 South Africa: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 82 Rest of Middle East & Africa: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 83 Rest of Middle East & Africa: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 84 Rest of Middle East & Africa: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 85 Latin America: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 86 Latin America: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 87 Latin America: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 88 Mexico: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 89 Mexico: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 90 Mexico: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 91 Brazil: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 92 Brazil: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 93 Brazil: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 94 Argentina: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 95 Argentina: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 96 Argentina: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
Table 97 Rest of Latin America: Third Party Logistics Market, by Service, 2020-2034 (USD Billion)
Table 98 Rest of Latin America: Third Party Logistics Market, by Mode of Transport, 2020-2034 (USD Billion)
Table 99 Rest of Latin America: Third Party Logistics Market, by End Use, 2020-2034 (USD Billion)
List of Figures:
Figure 1. Global Third Party Logistics Market, 2020-2034 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Price
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Service
Figure 7. Global Third Party Logistics Market, by Service, 2024 & 2034 (USD Billion)
Figure 8. Market by Mode of Transport
Figure 9. Global Third Party Logistics Market, by Mode of Transport, 2024 & 2034 (USD Billion)
Figure 10. Market by End Use
Figure 11. Global Third Party Logistics Market, by End Use, 2024 & 2034 (USD Billion)