Third Party Logistics (3PL) Market Size Worth USD 2,448.06 Billion by 2034 | CAGR: 7.5%

The global 3PL market size is expected to reach USD 2,448.06 billion by 2034, according to a new study by Polaris Market Research. The report “Third Party Logistics (3PL) Market Size, Share, Trends, Industry Analysis Report: By Service (Dedicated Contract Carriage, Domestic Transportation Management, International Transportation Management, Warehousing and Distribution, and Others), Mode of Transport, End Use, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Third party logistics (3PL) is the outsourcing of the logistics functions of a business from a specialized company. 3PL services can help businesses with a variety of tasks, including transportation, packaging, inventory management, reverse logistics, and inventory management.

The advent of new technologies is changing the third party logistics market dynamics. Third party logistics service providers are increasingly using advanced technologies/software such as supply chain event management (SCEM) and warehousing management systems (WMS) in their operations to improve productivity. Also, these technologies are enabling service providers to a much broader customer group in a cost-effective way.

The rising complexity of supply chain networks and the increasing emphasis on sustainability are driving the demand for third party logistics services. Businesses are increasingly partnering with logistic service providers that can help them reduce waste and minimize carbon emissions. By outsourcing logistics functions, companies can achieve greater efficiency and align their operations with environmental sustainability goals.

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Third party logistic services are being increasingly used in the manufacturing sector. Outsourcing logistics operations enables manufacturers and retailers to stick to core competencies, which, in turn, increases overall efficiency and profitability for manufacturing businesses.

Third Party Logistics Market Report Highlights

• By service, the domestic transportation segment dominated the third party logistics market with the largest revenue share of 35.1% in 2024. The segment growth is primarily fueled by the rising carrier rates and increasing cross-decking services.
• By end use, the manufacturing segment accounted for the largest revenue share of 25.2% in 2024, owing to the various benefits of third party logistics in terms of business process development and transport operations.
• Asia Pacific held the largest revenue share of 45.12% in the third party logistics market in 2024, and is expected to witness the fastest growth during the forecast period. The regional market growth is primarily fueled by the increased demand for third party logistics from the manufacturing and retail sectors in emerging nations.
• North America witnessed a significant share of the third party logistics market in 2024. The regional market growth is being propelled by the introduction of new economic policies and the presence of major logistics companies in the region.
• A few key players in the third party logistics market are Burris Logistics; DSVl BDP International; DB Schenker Logistics; Burris Logistics; FedEx; J.B. Hunt Transport, Inc.; C.H. Robinson Worldwide, Inc.; CEVA Logistics; Kuehne + Nagel; XPO Logistics, Inc; Yusen Logistics Co. Ltd.; Nippon Express; and United Parcel Service of America, Inc.

Polaris Market Research has segmented the third party logistics market report on the basis of service, mode of transport, end use, and region:

By Service Outlook (Revenue – USD Billion, 2020–2034)

• Dedicated Contract Carriage
• Domestic Transportation Management
• International Transportation Management
• Distribution and Warehousing
• Others

By Mode of Transport Outlook (Revenue – USD Billion, 2020–2034)

• Roadways
• Railways
• Waterways
• Airways

By End Use Outlook (Revenue – USD Billion, 2020–2034)

• Retail
• Manufacturing
• Healthcare
• Others

By Region Outlook (Revenue – USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of the Middle East & Africa

• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Third Party Logistics Market Report Scope