The global market for Third Party Logistics (3PL) is projected to reach US$1.2 trillion by 2022, driven by the growing complexity of supply chain management and the rising need to augment logistics efficiency to maintain profitability in a tough business environment. Other factors driving growth in the market include explosion of e-commerce; liberalization of economies and globalization of trade; rise of the on-demand society and a parallel need for faster delivery services; skills shortage and financial burden of maintaining in-house logistics management departments, and growing awareness over the benefits of 3PL such as optimal cargo turnover, distribution efficiency, superior inventory management and holistic cost economies. Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 7.3% over the analysis period, led by the steady expansion of manufacturing bases in developing, low-cost Asian countries such as China, India, Taiwan, Singapore, South Korea, Malaysia, and Thailand; rising standard of living, growing disposable income, increased consumption of manufactured goods and a parallel increase in retail and wholesale distribution activities; and continuous improvement in the expertise of 3PL service providers in terms of quality of service provided and contract fulfillment.  

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Summary of Findings
  • With Logistics Being the Largest Cost Component of an Online Business, Adoption of Third Party Logistics Services Gains Prominence in the e-Commerce Sector
  • An Increasingly Connected World, Digitalization Boom and Rising CAPEX of Logistics IT Drive Interest in 3PL Services
  • Availability of Industry-Specific, Tailor-Made 3PL Services from Established 3PL Vendors Contributes to Market Growth
  • Expanding Breadth of 3PL Service Capabilities such as Custom Brokerage, Warehousing Operations, Product Labeling/Packaging, Cross-Docking, Reverse Logistics etc. to Benefit Service Adoption Rates
  • Recovery in Global Trade and the Resulting Increase in Imports and Exports of Cross-Border Shipment Agreements with International Suppliers, to Benefit Growth

Timeline for Analysis
  • Market Estimates and Forecasts for 2015-2022
  • Historic Review 2009-2014

Geographic Markets Analyzed
  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe, Asia-Pacific (Australia, China, India, South Korea and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America), and Rest of World

Market Segmentation & Classification
  • Segments:
    • International Transportation Management, Domestic Transportation Management, Warehousing & Distribution, and Others

Major Players
  • C. H. Robinson
  • CEVA Logistics
  • Damco
  • DB Schenker
  • DHL
  • DSV A/S
  • Expeditors International of Washington, Inc.
  • FedEx Corporation

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