Third-Party Logistics Market is poised to grow at more than 9% CAGR through 2026. Rapid globalization, increasing consumerism and expanding e-commerce sector are some of the key factors driving third-party logistics industry outlook.

In a bid to cater to the heavy product demand from consumers, various companies are outsourcing their logistics activities to third-party suppliers. Third-party logistics services aid e-commerce businesses to ensure timely deliveries and handle issues of warehousing, tracking, shipping, packaging, delivery and inventory. Additionally, one of the prime advantages of outsourcing logistics services from a third-party vendor is that it helps enterprises to focus on core business activities.

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Shifting trends towards blockchain, IoT, and cloud computing are expected to create favorable conditions for industry expansion. Moreover, easy availability of enhanced digital technology solutions and low-cost services may foster third-party logistics industry size over the coming years.

Logistics applications are highly being incorporated with several advanced software solutions, such as cloud ERP and SCMs. These software solutions deliver several advantages, including real-time data, inventory tracking, warehouse management, and online documentation for international freight. Growing trade activities and rising globalization have accelerated integration of advanced logistics features, which will spur 3PL market growth.

Third-party logistics service providers are significantly pushing the transformation of supply chain management system, which has attracted the attention of the retail industry. Retailers are utilizing 3PL services to increase value, improve customer engagement, and most importantly, to expand their geographical reach. Incorporation of the latest technologies within logistics services, help 3PL service providers to deliver data-driven solutions, which are becoming pivotal for retail business expansion.

Third-Party Logistics Market is likely to derive commendable gains from the manufacturing sector. Technological advances in logistics and supply chain management have facilitated various enhanced functions, such as warehouse management, online documentation for international freight, real-time data, and others, which helps the manufacturing sector to ease the complexities of its business operations. Expanding manufacturing sector across several regions, especially in Europe is likely to induce massive 3PL industry demand. For example, as per the estimates of the ‘Manufacturing Organization UK’, in 2019, the UK became the ninth largest manufacturing country in the world by generating an annual output revenue of $192 billion. Also, Europe is entering into free trade agreements with several nations, resulting in huge growth opportunities for 3PL market.

Region-wise, Europe third-party logistics market is expected to witness major growth over the projected timeframe. Rapid internet penetration, improved economic conditions, and steady development of the manufacturing sector across the region are favoring industry growth. For instance, in 2019, the United Kingdom became the 9th largest manufacturing nation in the world with an annual output revenue of around USD 192 billion. European free trade agreements with major countries across the globe are further contributing towards the industry expansion.

Key players operating in the industry are focusing on delivering enhanced value-added services to achieve customer loyalty. Technologically advanced and cost-effective services are being extensively adopted in third-party logistics industry.

Major market players contributing towards third-party logistics market expansion include UPS Supply Chain Solutions, FedEx, DHL, Nippon Express, DB Schenker, C.H. Robinson, UPS, XPO Logistics, JB Hunt, Kuehne + Nagel, Expeditors International,  Expeditors International, CEVA Logistics, Dachser, Sinotrans, SNCF Geodis, Panalpina, Gefco, Deutsche Post DHL, and Kintetsu World Express.

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Some Point from Table of Contents:

Chapter 4.    Third-Party Logistics Market, By Solution

4.1.    Key trends by solution

4.2.    Dedicated Contract Carriage (DCC)

4.2.1. Market estimates and forecast, 2016 – 2026

4.3.    Domestic Transportation Management (DTM)

4.3.1. Market estimates and forecast, 2016 – 2026

4.4.    International Transportation Management (ITM)

4.4.1. Market estimates and forecast, 2016 – 2026

4.5.    Warehousing & distribution

4.5.1. Market estimates and forecast, 2016 – 2026

4.6.    Logistics software

4.6.1. Market estimates and forecast, 2016 – 2026

Chapter 5.    Third-Party Logistics Market, By Mode

5.1.    Key trends by mode

5.2.    Air

5.2.1. Market estimates and forecast, 2016 – 2026

5.3.    Sea

5.3.1. Market estimates and forecast, 2016 – 2026

5.4.    Rail & road

5.4.1. Market estimates and forecast, 2016 – 2026

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