3PL market size forecast to reach USD 1,029.47 billion till 2022

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3PL Market size forecast to reach USD 1,029.47
billion till 2022 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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• Key Insights from Third Party Logistics Market
• Global third party logistics market revenue was
  USD 733.69 billion in 2014, with estimation of
  USD 1,029.47 billion by 2022, growing at 4.4
  from 2015 to 2022.
• Global demand in DTM was USD 238.90 billion in
  2014 and is predicted to hit revenue of USD
  361.84 billion by 2022, growing at a CAGR of 5.4
  from 2015 to 2022. Logistics software market is
  expected to grow at 6.5 during the next few
  years.
• Asia Pacific 3PL market size leads the regional
  demand with revenue share of 35.2 in 2014 and is
  expected to grow at 5.2 through the next few
  years. The region is predicted to exhibit high
  growth rate owing to increasing adoption of
  distribution and warehousing facilities in
  nations such as China, Thailand, India, Singapore
  and Indonesia. North America is anticipated to
  reach USD 265.40 billion up to 2022.

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Continued...

• Moderately fragmented 3PL market share consists
  of participants including C.H. Robinson,
  Expeditors International of Washington, Kuehne
  Nagel, J.B. Hunt, Deutsche Post DHL (Exel), and
  UPS Supply Chain Solutions among others.
• A majority of providers target intensely
  competitive industries such as automotive,
  retail, computers, and electronics where margins
  are very low. Some partner with firms providing
  detailed supply chain collaboration services.
  Leading players also collaborate with other
  companies including competitors for achieving
  logistics cost and service improvements.
• Inventory management through virtualization and
  flexible distribution strategies, enable
  retailers offering omni-channel functionality to
  quickly respond to dynamic market demand

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U.S. 3PL market size by service, 2012-2022 (USD
Billion)

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360 Analysis

• Application Analysis
• Leading vendors are now increasingly using latest
  IT applications and software that helps in
  enhancing distribution coverage and also help in
  providing quality service to the customers.
  Furthermore, Omni-channel distribution system is
  likely to gain its significance owing to
  increasing use of online marketing services.
• Regional Analysis
• Asia Pacific third party logistics market was
  valued around USD 255 billion in 2014. The
  industry is expected to grow at a CAGR of over 5
  from 2015 to 2022 and is projected reach USD 385
  billion by 2022. Europe 3PL market size was
  projected to be valued around USD 210 billion by
  2022 and is forecast to grow at a CAGR of over
  2.5 over the forecast period. Eurozone crisis is
  anticipated to hamper the industry demand for the
  service
• Competitive Market Share
• Key industry participants accumulating
  significant 3PL market share include Kuehne
  Nagel, UPS Supply Chain Solutions, Expeditors
  International, Deutsche Post DHL (Exel) and J.B.
  Hunt (JBI, DCS ICS) among others.

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