Canada 3PL Market Size (2024 - 2029)

The market size of the 3PL sector in Canada is projected to experience growth over the forecast period from 2024 to 2029. This expansion is driven by increased consumer reliance and advancements in the e-commerce sector, alongside a rise in cross-border trade between the US and Canada following the USMCA agreement.

Market Size of Canada 3PL Industry

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Canada 3pl Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 21.39 Billion
Market Size (2029) USD 26.75 Billion
CAGR (2024 - 2029) 4.58 %
Market Concentration Low

Major Players

Canada 3pl Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Canada Third Party Logistics (3PL) Market Analysis

The Canada 3PL Market size is estimated at USD 21.39 billion in 2024, and is expected to reach USD 26.75 billion by 2029, growing at a CAGR of 4.58% during the forecast period (2024-2029).

Along with the consumer dependence and developments in the e-commerce market, the growth in the market is expected as a result of the increase in the cross-border trade between the US and Canada after the USMCA agreement.

Canada Third Party Logistics (3PL) Industry Segmentation

A comprehensive background analysis of the Canada 3PL Market, covering the current market trends, restraints, technological updates and detailed information on the market concentration through the various segments and competitive landscape of the industry.

By Services
Domestic Transportation Management
International Transportation Management
Value-added Warehousing and Distribution
By End-User
Automotive
Consumer & Retail
Energy
Healthcare
Industrial & Aerospace
Technology
Other End Users
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Canada 3PL Market Size Summary

The 3PL market in Canada is poised for significant growth, driven by increasing consumer reliance on e-commerce and the expansion of cross-border trade facilitated by the USMCA agreement. This agreement has introduced several updates, particularly in the automobile sector, which are expected to enhance efficiency in cross-border freight operations. The USMCA's provisions, such as the use of a unified data set for shipping across Canada, the US, and Mexico, aim to streamline logistics processes and remove restrictions on Mexican customs brokers. These changes are anticipated to benefit the automobile industry by alleviating potential tariff burdens and encouraging the use of North American-sourced materials, thereby optimizing logistics and production strategies.

The Canadian 3PL market is characterized by a robust demand for warehousing, particularly in Ontario, which serves as a hub for automobile and manufacturing activities. The growth of e-commerce and last-mile logistics has prompted service providers to establish proximity to their customer base to ensure efficient delivery. Notable developments include the opening of new distribution centers by companies like Porsche Canada and Walmart Canada, which have expanded warehousing capabilities to support online order fulfillment. The market is fragmented, with numerous local and international players such as CEVA Logistics, DSV, and Polaris Logistics, actively engaging in mergers and acquisitions to enhance their Canadian and cross-border operations. Additionally, companies are increasingly focusing on sustainability, implementing innovative solutions to reduce greenhouse gas emissions in their logistics operations.

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Canada 3PL Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Dynamics

      1. 1.2.1 Drivers

      2. 1.2.2 Restraints

      3. 1.2.3 Opportunities

    3. 1.3 Value Chain / Supply Chain Analysis

    4. 1.4 Industry Policies and Regulations

    5. 1.5 General Trends in Warehousing Market

    6. 1.6 Demand From Other Segments, such as CEP, Last Mile Delivery, Cold Chain Logistics Etc.

    7. 1.7 Insights on Ecommerce Business

    8. 1.8 Technological Developments in the Logistics Sector

    9. 1.9 Industry Attractiveness - Porter's Five Forces Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Services

      1. 2.1.1 Domestic Transportation Management

      2. 2.1.2 International Transportation Management

      3. 2.1.3 Value-added Warehousing and Distribution

    2. 2.2 By End-User

      1. 2.2.1 Automotive

      2. 2.2.2 Consumer & Retail

      3. 2.2.3 Energy

      4. 2.2.4 Healthcare

      5. 2.2.5 Industrial & Aerospace

      6. 2.2.6 Technology

      7. 2.2.7 Other End Users

Canada 3PL Market Size FAQs

The Canada 3PL Market size is expected to reach USD 21.39 billion in 2024 and grow at a CAGR of 4.58% to reach USD 26.75 billion by 2029.

In 2024, the Canada 3PL Market size is expected to reach USD 21.39 billion.

3PL in Canada Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)