Third-Party Logistics in North America
Summary
Third-Party Logistics in North America industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.Key Highlights
- A third-party logistics (3PL) is a partner or service that helps merchants manage their supply chain. 3PL providers do not own the products for distribution but are legally bound and responsible for performing the logistics activities requested by the purchasing company. Its services include warehouse and inventory management, shipping coordination, order fulfillment, distribution, exchanges, and returns.
- The North American third-party logistics (3PL) market recorded revenues of $217.2 billion in 2023, representing a negative compound annual growth rate (CAGR) of 1.6% between 2018 and 2023.
- The manufacturing segment accounted for the market's largest proportion in 2023, with total revenues of $87.2 billion, equivalent to 40.1% of the market's overall value.
- According to the analyst, in 2023, the North American 3PL market recorded an annual contraction of 24.0%, largely driven by macroeconomic headwinds such as inflationary pressures and shifting consumer behavior.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the third-party logistics market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the third-party logistics market in North America
- Leading company profiles reveal details of key third-party logistics market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the North America third-party logistics market with five year forecasts
Reasons to Buy
- What was the size of the North America third-party logistics market by value in 2023?
- What will be the size of the North America third-party logistics market in 2028?
- What factors are affecting the strength of competition in the North America third-party logistics market?
- How has the market performed over the last five years?
- Who are the top competitors in North America's third-party logistics market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- C.H. Robinson Worldwide Inc
- United Parcel Service Inc
- FedEx Corp
- DHL Group
