Third-Party Logistics (3PL) Services Market Size, Share, COVID-19 Impact, And Trends By Transportation Mode (Road, Water, Air, Rail), By Service Type (Domestic, International), By End-User Industry (Retail, Consumer Electronics. Automotive, Metallurgy, Others), and By Geography – Forecast From 2019 To 2024

The Global Third-Party Logistics (3PL) Services Market was valued at US$888.761 billion in 2018 and is expected to grow at a CAGR of 2.92% over the forecast period to reach a total market size of US$1056.145 billion by 2024. A Third-Party Logistics (3PL) service provider offers outsourced logistics services to the manufacturers to help them focus on their core business. 3PL service is known to provide the optimized cost of transportation services efficiently and timely. The market is expected to grow due to the company's global set up which necessitates the need for 3PL service providers. Increasing the adoption of IT applications and services, the vendors are enhancing their system of distribution to give quality services to their users is anticipated to create new opportunities in the growth of the market. The reduction in shipping freight along with the development of e-commerce is expected to drive the market. However, inconsistent freight volume along with cost and risks regarding contamination, spillage, and theft, among others, is expected to hinder the market growth. The market is segmented by transport mode, service type, end-user, and geography. Based on service type, domestic transportation management is expected to hold a significant share in the market due to the increasing demand for efficient logistics operations. Geographically, North America is projected to be a substantial shareholder in the market owing to its technological innovation and investment in logistics software along with a reduction in the cost of transportation and labor.

 

Growing trading activated due to globalization.

Growing e-commerce industry and need for reverse logistics operations.

 

High cost and risks during shipment.

 

In July 2019, UPS Supply chain Solution Inc. expanded its express freight delivery services in Russia.

In March 2019, C.H Robinson Worldwide Inc. acquired The Space Cargo group for US$48 million to expand its global presence.

 

The major players profiled in the 3PL services market are J.B. Hunt Inc., Allcargo Logistics Ltd., UPS Supply Chain Solutions Inc., Container Corporation of India Ltd., PenskeLogistics Inc., C.H Robinson Worldwide Inc., Transportation Corporation of India ltd., FedEx Corporation, DHL, Kuehne+Nagel Inc., Maersk Logistics, NYK Logistics, and DB Schenker.

 

The 3PL services market has been analyzed through the following segments:

 

Road

Water

Air

Rail

 

Domestic

International

 

Retail

Consumer Electronics

Automotive

Metallurgy

Others

 

North America

United States

Canada

Mexico

 

South America

Brazil

Argentina

 

Europe

UK

Germany

France

Italy

Others

 

Middle East and Africa

Saudi Arabia

UAE

Israel

 

Asia Pacific

Japan

China

India

South Korea

Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Currency

1.5. Assumptions

1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY 

2.1. Research Design

2.2. Secondary Sources

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1. Market Segmentation

4.2. Market Drivers

4.3. Market Restraints

4.4. Market Opportunities

4.5. Porter’s Five Forces Analysis

4.5.1. Bargaining Power of Suppliers

4.5.2. Bargaining Power of Buyers

4.5.3. Threat of New Entrants

4.5.4. Threat of Substitutes

4.5.5. Competitive Rivalry in the Industry

4.6. Life Cycle Analysis - Regional Snapshot

4.7. Market Attractiveness

5. THIRD-PARTY LOGISTCS (3PL) SERVICES MARKET BY TRANSPORTATION MODE

5.1. Road

5.2. Water

5.3. Air

5.4. Rail

6. THIRD-PARTY LOGISTCS (3PL) SERVICES MARKET BY SERVICE TYPE

6.1. Domestic

6.2. International

7. THIRD-PARTY LOGISTCS (3PL) SERVICES MARKET BY END-USER INDUSTRY

7.1. Retail

7.2. Consumer Electronics

7.3. Automotive

7.4. Metallurgy

7.5. Others

8. THIRD-PARTY LOGISTCS (3PL) SERVICES MARKET BY GEOGRAPHY

8.1. North America

8.1.1. United States

8.1.2. Canada

8.1.3. Mexico

8.2. South America

8.2.1. Brazil

8.2.2. Argentina

8.3. Europe

8.3.1. UK

8.3.2. Germany

8.3.3. France

8.3.4. Italy

8.3.5. Others

8.4. Middle East and Africa

8.4.1. Saudi Arabia

8.4.2. UAE

8.4.3. Israel

8.5. Asia Pacific

8.5.1. Japan

8.5.2. China

8.5.3. India

8.5.4. South Korea

8.5.5. Others

9. COMPETITIVE INTELLIGENCE

9.1. Competitive Benchmarking and Analysis

9.2. Recent Investments and Deals

9.3. Strategies of Key Players

10. COMPANY PROFILES

10.1. J.B. Hunt Inc.

10.2. Allcargo Logistics Ltd.

10.3. UPS Supply Chain Solutions Inc.

10.4. Container Corporation of India Ltd.

10.5. PenskeLogistics Inc.

10.6. C.H Robinson Worldwide Inc.

10.7. Transportation Corporation of India ltd.

10.8. FedEx Corporation

10.9. DHL

10.10. Kuehne+Nagel Inc.

10.11. Maersk logistics

10.12. NYK Logistics

10.13. DB Schenker.

LIST OF FIGURES

LIST OF TABLES

J.B. Hunt Inc.

Allcargo Logistics Ltd.

UPS Supply Chain Solutions Inc.

Container Corporation of India Ltd.

C.H Robinson Worldwide Inc.

Transportation Corporation of India ltd.

FedEx Corporation

DHL

Kuehne+Nagel Inc.

Maersk logistics

NYK Logistics

DB Schenker