Global Third-party Logistics Market 2023-2027

Global Third-party Logistics Market 2023-2027

Technavio has been monitoring the third-party logistics market and is forecast to grow by $532.65 bn during 2022-2027, accelerating at a CAGR of 7.87% during the forecast period. Our report on the third-party logistics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of e-commerce and the need for integrated shipping services, increasing number of trade agreements among nations, and cost reduction through use of third-party logistics.

Technavio's third-party logistics market is segmented as below:

By Application

• Transportation services
• Warehousing and distribution services
• Other services

By End-user

• Manufacturing
• Retail
• Consumer goods
• Healthcare
• Others

By Geography

• APAC
• North America
• Europe
• South America
• Middle East and Africa

This study identifies the emergence of big data analytics as one of the prime reasons driving the third-party logistics market growth during the next few years. Also, rise in last-mile logistics and increase in overseas shopping will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the third-party logistics market covers the following areas:

• Third-party logistics market sizing
• Third-party logistics market forecast
• Third-party logistics market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading third-party logistics market vendors that include AP Moller Maersk AS, Baltic Logistics Group, BDP International Inc., Burris Logistics Co., C H Robinson Worldwide Inc., CMA CGM SA, DB Schenker, Deutsche Bahn AG, Deutsche Post AG, DSV AS, FedEx Corp., GEODIS SA, Hub Group Inc., J.B. Hunt Transport Services Inc., Kintetsu Group Holdings Co. Ltd., Kuehne Nagel Management AG, Nippon Express Holdings Inc., Sinotrans Ltd., United Parcel Service Inc., and XPO Logistics Inc. Also, the third-party logistics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth. Show more