Worldwide Third Party Logistics Industry to 2026 - Technology Tools Seek Wider Role in 3PL Domain - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Sep 22, 2022--

The "Third Party Logistics (3PL) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The global market for Third Party Logistics (3PL) estimated at US$974.6 Billion in the year 2022, is projected to reach a revised size of US$1.3 Trillion by 2026, growing at a CAGR of 8% over the analysis period.

DTM, one of the segments analyzed in the report, is projected to grow at a 8.3% CAGR to reach US$503.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the ITM segment is readjusted to a revised 7.6% CAGR for the next 7-year period. This segment currently accounts for a 30.8% share of the global Third Party Logistics (3PL) market.

The U.S. Market is Estimated at $237.6 Billion in 2022, China is Forecast to Reach $328.4 Billion by 2026

The Third Party Logistics (3PL) market in the U.S. is estimated at US$237.6 Billion in the year 2022. The country currently accounts for a 24.68% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$328.4 Billion in the year 2026 trailing a CAGR of 9.9% through the analysis period.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 6.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6% CAGR while Rest of European market (as defined in the study) will reach US$358.9 Billion by the end of the analysis period.

DCC/FF Segment Corners to Reach $161 Billion by 2026

Dedicated Contract Carriage (DCC) basically involves supply of trucks, tractors, trailers and drivers and also involves management of various elements across a supply chain. The DCC service typically invalidates the need for maintaining in-house trucking/carriage fleets to carryout logistics operations, while delivering truck capacity utilization and cost efficiencies in the process. In the global DCC/FF segment, USA, Canada, Japan, China and Europe will drive the 8.8% CAGR estimated for this segment.

Select Competitors (Total 477 Featured):

• C.H. Robinson Worldwide, Inc.
• CEVA Logistics
• DACHSER SE
• DB Schenker Logistics
• DHL
• DSV
• Expeditors International of Washington, Inc.
• FedEx Corporation
• FM Logistic
• GEODIS
• Hitachi Transport System, Ltd.
• J.B. Hunt Transport, Inc.
• Kuehne + Nagel International AG
• Nippon Express
• Sinotrans (HK) Logistics Limited
• United Parcel Service of America, Inc.
• Volga-Dnepr Airlines, LLC
• XPO Logistics, Inc
• Yusen Logistics Co., Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
• World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
• Focus on Automation Rises among 3PL Providers During Pandemic
• 3PL Partners to the Rescue During the Coronavirus Pandemic
• 3PLs Prove to be Advantageous During Crisis Periods
• Surge in Online Shopping: A Saving Grace for the US 3PL Market
• COVID-19 Impact on Key End-Use Industries

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Manufacturing Sector: Driving Force behind 3PL Market Growth
• 3PL Assumes Critical Importance in Manufacturing Domain
• Expanding Retail Industry Generates Significant Opportunities
• Select Leading Retail Enterprises by Country: A Snapshot
• Global Retail Sector by Product Category (2021E): Percentage Breakdown of Revenues for Clothing & Accessories, Diversified, FMCG, and Leisure Goods
• eCommerce Emerge as New Growth Driver
• Global B2C E-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023
• Leading Retail E-Commerce Countries Worldwide: Ranked by Sales in US$ Billion for 2019
• Global E-Commerce Market as a % of Retail Sales for the Period 2017-2023
• E-commerce Challenges for 3PLs
• Omni Channel Retailing Underpins Volume Growth for 3PL Services
• Global Retail Omni-Channel Commerce Platform Market in US$ Million by Region/Country: 2019 & 2025
• Automotive Logistics: A Lucrative End-Use Vertical
• Global Automobile Production in Million Units: 2008-2022
• Transportation Services Drive Momentum
• Procurement Logistics Resolve Inbound Transportation Needs
• Distribution Logistics Simplify Outbound Movement of Products
• Production Logistics for Diverse Logistics Needs of Modern Production Lines
• Value Added Services Widen the Scope & Span of 3PL Market
• Reverse Logistics: A High-Utility Value-Added Service
• Multi Modal Transportation Finds Favor
• Key Drivers of the 3PL Market
• Globalization and Rising Trade
• Expansion of eCommerce Industry
• Increasing Focus on Core Competencies
• Focus on Embracing Advanced Technology
• Market Restraints
• Lack of Manufacturer Control on Logistics Service
• Manufacturer Reputation at Stake
• 3PL Providers Invest in IT Capabilities to Differentiate from Competition
• Key Opportunities for Warehouse Operators to Leverage Technology
• Warehouse Expansion vis-a-vis Labor Shortage
• Mounting Pressure to Push Bottom Lines
• eCommerce & Omni Channel Opportunity
• Improving Customer Experience
• Intense Competition from Amazon
• Technology Tools Seek Wider Role in 3PL Domain
• TMS Makes Its Way into 3PL Domain
• WMS Gaining Traction in Warehouse Management
• Cloud Technology Seeks to Expand Share in 3PL Technology Mix
• BI Systems Take Center Stage
• Big Data Emerges as New Focus Area
• Global Adoption Rates (in %) of Big Data Technologies by Industry (2021E)

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/cpdk6a

View source version on businesswire.com:https://www.businesswire.com/news/home/20220922005608/en/

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KEYWORD:

INDUSTRY KEYWORD: TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT

SOURCE: Research and Markets

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