How big is the Global 3PL Market?

The Global 3PL Market size is expected to reach USD 1.29 trillion in 2024 and grow at a CAGR of 5.48% to reach USD 1.68 trillion by 2029. Read More

What is the current Global 3PL Market size?

In 2024, the Global 3PL Market size is expected to reach USD 1.29 trillion. Read More

Who are the key players in Global 3PL Market?

Agility, Ceva Logistics, DB Schenker Logistics, DHL and Kerry Logistics are the major companies operating in the Global 3PL Market. Read More

Which is the fastest growing region in Global 3PL Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Global 3PL Market?

In 2024, the Asia Pacific accounts for the largest market share in Global 3PL Market. Read More

What years does this Global 3PL Market cover, and what was the market size in 2023?

In 2023, the Global 3PL Market size was estimated at USD 1.22 trillion. The report covers the Global 3PL Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Global 3PL Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What is the leading application segment in the Third-Party Logistics (3PL) Market?

Domestic Transportation Management is the leading application segment in the Third-Party Logistics (3PL) Market. Read More

What are the upcoming trends in the Third-Party Logistics (3PL) Market?

The upcoming trends in the Third-Party Logistics (3PL) Market are a) Increase in trading activities due to globalization b) Development of the e-commerce industry c) The development of logistics infrastructure Read More

3PL Market Growth | Industry Analysis, Size & Forecast Report

3PL Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

This Report Covers the Global 3PL Industry Trends and is Segmented by Services (Domestic Transportation, International Transportation, and Value-Added Warehousing and Distribution), End User (Automobile, Energy, Manufacturing, Life Science and Healthcare, Retail, Technology, and Other End Users), and Region (North America, South America, Asia-Pacific, Middle-East and Africa, and Europe). The Report Offers Market Size and Forecast Values (USD Billion) for all the Above Segments.

Third Party Logistics Industry Overview

The Third-Party Logistics (3PL) Market is fragmented and highly competitive, with several large companies strategically forming alliances with mid-sized or small-sized companies to leverage their regional capabilities in logistics. Major regional players have been observed to venture into new regions, allowing the companies to improve their geographic reach. New competitors are entering the global 3PL market with customized and industry-specific services. Major global 3PL companies include Agility, CEVA Logistics, DB Schenker, and DHL. The global 3PL companies have been showing a willingness to partner with other players to reduce costs and leverage on mutual competitive advantage. Additionally, technology adoption has also helped reduce operational costs and improve efficiency.