Third-Party Logistics Trends and Forecast
The future of the global Third-Party Logistics market looks promising with opportunities in the manufacturing, retail, healthcare, and automotive markets. The global Third-Party Logistics market is expected to reach an estimated $2.5 billion by 2030 with a CAGR of 10.2% from 2024 to 2030. The major drivers for this market are increasing complexities in global supply chains, growing emphasis on cost optimization and supply chain efficiency by businesses, and rise in e-commerce sector.
Third-Party Logistics by Segment
The study includes a forecast for the global Third-Party Logistics by service, transport, end use, and region.
Third-Party Logistics Market by Service [Shipment Analysis by Value from 2018 to 2030]:
- Dedicated Contract Carriage (DCC)/Freight Forwarding
- Domestic Transportation Management (DTM)
- International Transportation Management (ITM)
- Warehousing & Distribution (W&D)
- Value Added Logistics Services (VALs)
Third-Party Logistics Market by Transport [Shipment Analysis by Value from 2018 to 2030]:
- Roadways
- Railways
- Waterways
- Airways
Third-Party Logistics Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Manufacturing
- Retail
- Healthcare
- Automotive
- Others
Third-Party Logistics Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Third-Party Logistics Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies Third-Party Logistics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the Third-Party Logistics companies profiled in this report include:
- BDP International
- Burris Logistics
- C.H. Robinson Worldwide
- CEVA Logistics
- DSV
- DB Schenker Logistics
- FedEx
- J.B. Hunt Transport
- Kuehne + Nagel
- Nippon Express
Third-Party Logistics Market Insights
The publisher forecasts that domestic transportation management will remain the largest segment over the forecast period due to growing trade movement from the unloading docks to the warehouse, rising fuel surcharges, rising carrier rates, and an increase in cross-docking services.
Within this market, manufacturing will remain the largest segment due to rising preference for Third-Party Logisticss in this sector given to its lower costs for transportation, supply chain transparency, inventory control, and vendor management.
APAC is expected to witness highest growth over the forecast period due to expanding gateways and corridors for transregional trade in the region.
Features of the Global Third-Party Logistics Market
- Market Size Estimates: Third-Party Logistics market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Third-Party Logistics market size by service, transport, end use, and region in terms of value ($B).
- Regional Analysis: Third-Party Logistics market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different services, transports, end uses, and regions for the Third-Party Logistics market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the Third-Party Logistics market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the Third-Party Logistics market size?
Answer: The global Third-Party Logistics market is expected to reach an estimated $2.5 billion by 2030.
Q2. What is the growth forecast for Third-Party Logistics market?
Answer: The global Third-Party Logistics market is expected to grow with a CAGR of 10.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the Third-Party Logistics market?
Answer: The major drivers for this market are increasing complexities in global supply chains, growing emphasis on cost optimization and supply chain efficiency by businesses, and rise in e-commerce sector.
Q4. What are the major segments for Third-Party Logistics market?
Answer: The future of the Third-Party Logistics market looks promising with opportunities in the manufacturing, retail, healthcare, and automotive markets.
Q5. Who are the key Third-Party Logistics market companies?
Answer: Some of the key Third-Party Logistics companies are as follows:
- BDP International
- Burris Logistics
- C.H. Robinson Worldwide
- CEVA Logistics
- DSV
- DB Schenker Logistics
- FedEx
- J.B. Hunt Transport
- Kuehne + Nagel
- Nippon Express
Q6. Which Third-Party Logistics market segment will be the largest in future?
Answer: The publisher forecasts that domestic transportation management will remain the largest segment over the forecast period due to growing trade movement from the unloading docks to the warehouse, rising fuel surcharges, rising carrier rates, and an increase in cross-docking services.
Q7. In Third-Party Logistics market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to expanding gateways and corridors for transregional trade in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
- Q.1. What are some of the most promising, high-growth opportunities for the Third-Party Logistics market by service (dedicated contract carriage (DCC)/freight forwarding, domestic transportation management (DTM), international transportation management (ITM), warehousing & distribution (W&D), and value added logistics services (VALs)), transport (roadways, railways, waterways, and airways), end use (manufacturing, retail, healthcare, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- Q.2. Which segments will grow at a faster pace and why?
- Q.3. Which region will grow at a faster pace and why?
- Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- Q.5. What are the business risks and competitive threats in this market?
- Q.6. What are the emerging trends in this market and the reasons behind them?
- Q.7. What are some of the changing demands of customers in the market?
- Q.8. What are the new developments in the market? Which companies are leading these developments?
- Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
Companies Mentioned
- BDP International
- Burris Logistics
- C.H. Robinson Worldwide
- CEVA Logistics
- DSV
- DB Schenker Logistics
- FedEx
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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