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Third-Party Logistics (3PL) Market Share

Report ID: GMI132
Published Date: Nov 2022
Report Format: PDF

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Third-Party Logistics Market Share

Top manufacturers operating in the third-party logistics market are

AmeriCold Logistics LLC
BDP International
Burris Logistics
C.H. Robinson Worldwide
DB Schenker Logistics
DHL Supply Chain
DSV A/S (UTi Worldwide, Inc.)
Echo Global Logistics
Expeditors International of Washington
FedEx
GEODIS
J. B. Hunt
Kintetsu World Express, Inc.
Kuehne + Nagel International AG
Landstar System, Inc.
Nippon Express Co., Ltd
Penske Logistics, Inc.
Ryder Supply Chain Solutions
Schneider National, Inc.
SinoTrans (HK) Logistics Limited
Total Quality Logistics, Inc.
Transplace Texas LP (Uber Freight)
UPS Supply Chain Solutions
XPO Logistics, Inc.

These leaders are signing strategic agreements to expand their business operations and reinforce their market position.

Citing an instance, in October 2022, Cromwell Tools inked a major freight distribution agreement with XPO logistics. The company will utilize XPO to transport goods from its 40 locations, collect from suppliers, and move goods between satellite sites. Strategic deals such as these from other industry participants will further stimulate the growth of the 3PL industry over the forthcoming years.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of 3PL crossed USD 1 Trillion in 2022 and is anticipated to exhibit over 5% CAGR between 2023-2032, due to the growing global e-commerce sector.

Third-party logistics market share from the dedicated contract carriage (DCC) solution segment is expected to register more than 5% gains through 2032, on account of rising demand for efficient fleets.

Asia Pacific 3PL industry is projected to record nearly 10% growth rate from 2023-2032 owing to the rapid expansion of the e-commerce sector and increased demand for 3PL services.

AmeriCold Logistics LLC, BDP International, Burris Logistics, C.H. Robinson Worldwide, DB Schenker Logistics, and DHL Supply Chain are some of the major companies operating in the industry.