Third Party Logistics (3PL) Market Size Expected to Reach USD 2615.83 Billion by 2034, With 10.50% CAGR

The global third party logistics (3PL) market size is projected to reach USD 2615.83 billion by 2034 from its value of USD 1176.83 billion in 2024, at a CAGR of 10.50% during the forecast period.

NEW YORK, USA, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Third Party Logistics (3PL) Market By Service (Domestic Transportation Management [DTM], International Transportation Management [ITM], Dedicated Contract Carriage [DCC]/ Freight Forwarding, Value-Added Logistics Services [VALs], Warehousing & Distribution [W&D]), By Transport (Railways, Roadways, Airways, Waterways), By End-Use (Retail, Manufacturing, Automotive, Healthcare, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034” in its research database.

“According to the latest research study, the global third party logistics (3PL) market size was valued at around USD 1176.83 billion in 2024. The market is expected to grow at a CAGR of 10.50% and is anticipated to reach a value of USD 2615.83 billion by 2034.”

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Third Party Logistics (3PL) Industry Overview:

Third party logistics is the outsourcing of logistics operations and supply chain to external service providers, allowing businesses to concentrate on their core activities while ensuring adequate transportation, inventory management, order fulfillment, and warehousing. The leading companies offer numerous services, leveraging advanced technology for optimization and real-time tracking. The global third party logistics (3PL) market is likely to expand rapidly, driven by the globalization of supply chains, operational efficiency, cost optimization, and technological advancements in logistics. As businesses expand globally, managing multi-country logistics increases complexity. The 3PL industry benefits from this trend, offering specialization in customs regulations, cross-border transportation, and international freight forwarding. Companies are outsourcing logistics to lessen operational costs. 3PL providers leverage advanced technology and economies of scale to offer competitive pricing and effective services.

Moreover, this adoption of technologies like big data analytics, IoT, AI, and blockchain is transforming 3PL services. Real-time visibility, route optimization, and predictive analytics enhance accuracy and delivery speed. Automation in warehousing, comprising autonomous vehicles and robotics, reduces labor dependency and improves efficiency.

Report Scope:

Report Attribute	Report Details
Market Size in 2024	USD 1176.83 Billion
Market Forecast in 2034	USD 2615.83 Billion
Growth Rate	CAGR of 10.50%
Base Year	2024
Forecast Years	2025- 2034
Key Companies Covered	DHL Supply Chain, Kuehne + Nagel, DB Schenker, XPO Logistics, C.H. Robinson, Nippon Express, CEVA Logistics, Ryder Supply Chain Solutions, GEODIS, UPS Supply Chain Solutions, Expeditors International, Hitachi Transport System, J.B. Hunt Transport Services, Penske Logistics, Agility Logistics, and others.
Segments Covered	By Service, By Transport, By End-Use, and By Region
Regions Covered	North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Customization Scope	Avail customized purchase options to meet your exact research needs.

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Key Insights

As per the analysis shared by our research analyst, the global third party logistics (3PL) market is estimated to grow annually at a CAGR of around 10.50% over the forecast period (2025-2034)
In terms of revenue, the global third party logistics (3PL) market size was valued at around USD 1176.83 billion in 2024 and is projected to reach USD 2615.83 billion by 2034.
The third party logistics (3PL) market is projected to grow significantly owing to the growth of omnichannel retail strategies, the rise of online retail and e-commerce, and technological advancements in automation and logistics.
Based on service, the Domestic Transportation Management (DTM) segment is expected to lead the market, while the Warehousing & Distribution (W&D) segment is expected to grow considerably.
Based on transport, the roadways segment is the dominating segment, while the waterways segment is projected to witness sizeable revenue over the forecast period.
Based on end-use, the retail segment is expected to lead the market compared to the manufacturing segment.
Based on region, the Asia Pacific is projected to dominate the global market during the estimated period, followed by North America.

Industry Growth Drivers

Investment in warehouse management systems, real-time tracking, AI forecasting, and transportation management remarkably enhances accuracy and throughput. Robotics, automated sortation, voice/pick-to-light systems, and AMRs/ASRS decrease labor per order and speed order cycle times. AI-based route optimization and demand forecasting reduce fuel spend, enhance service reliability, and reduce empty miles. APIs and cloud platforms allow smooth integration with shippers’ systems and offer analytics as a value-add.

A combination of warehouse worker and chronic driver shortages, along with periodic labor actions and wage inflation, increases reliability risk and operating costs. Reliance on gig drivers and contingent labor further complicates quality control and scheduling while raising training costs and increasing turnover. Automation can decrease dependence on labor, but it requires significant upfront investment and slower ROI in low-margin domains. Labor regulations, upskilling initiatives, and safety compliance increase overhead but also create prospects for managed-service offerings, impacting the growth of the third party logistics (3PL) market.

Browse the full “Third Party Logistics (3PL) Market By Service, By Transport, By End-Use, and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034” Report at https://www.zionmarketresearch.com/report/third-party-logistics-3pl-market

Third Party Logistics (3PL) Market: Segmentation

The global third party logistics (3PL) market is segmented based on service, transport, end-use, and region.

Based on service, the global third party logistics (3PL) industry is divided into Domestic Transportation Management (DTM), International Transportation Management (ITM), Dedicated Contract Carriage (DCC)/Freight Forwarding, Value-Added Logistics Services (VALs), and Warehousing & Distribution (W&D). The Domestic Transportation Management (DTM) segment holds leadership in the market due to its crucial role in optimizing routes, managing domestic freight, and assuring timely deliveries within the nation.

Based on transport, the global third party logistics (3PL) market is segmented into railways, roadways, airways, and waterways. Roadways is a leading transport segment in the worldwide market because of its versatility, ability to provide door-to-door delivery, and cost-effectiveness. It plays a vital role in supporting last-mile delivery and domestic freight movement, mainly for the retail and e-commerce sectors.

Based on end-use, the global market is segmented into retail, manufacturing, automotive, healthcare, and others. The retail segment registers a substantial share of the market, fueled by the explosive growth of omni-channel retail strategies and e-commerce. Retailers largely depend on 3PL providers for inventory management, fast last-mile delivery, and warehousing to meet consumer demand for convenience and speed.

Regional Scope:

Asia Pacific is anticipated to retain its leading role in the global third party logistics (3PL) market as a result of the speedy growth of e-commerce, expanding industrial and manufacturing base, and investments in technology and logistics infrastructure. Asia Pacific holds leadership, registering for more than 60% of the worldwide online retail sales in 2024. Economies like India and China are experiencing exponential growth in online shopping, fueling the demand for fulfillment, warehousing, and last-mile delivery services. This growth in digital commerce has ranked 3PL providers as key partners for customer satisfaction and effective distribution.

North America ranks as the second-leading region in the global third party logistics (3PL) industry as a result of well-established transportation infrastructure, rising demand from the manufacturing and automotive sectors, and high adoption of advanced logistics solutions. The region boasts the most advanced logistics networks globally. This extensive infrastructure supports effective domestic transportation management, a key service segment for the providers of 3PL. Strong connectivity between the United States, Canada, and Mexico under the USMCA trade contract is essential for cross-border logistics.

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Some of the leading players in the global third party logistics (3PL) market include;

DHL Supply Chain
Kuehne + Nagel
DB Schenker
XPO Logistics
C.H. Robinson
Nippon Express
CEVA Logistics
Ryder Supply Chain Solutions
GEODIS
UPS Supply Chain Solutions
Expeditors International
Hitachi Transport System
J.B. Hunt Transport Services
Penske Logistics
Agility Logistics

The global third party logistics (3PL) market is segmented as follows:

By Service

Domestic Transportation Management (DTM)
International Transportation Management (ITM)
Dedicated Contract Carriage (DCC)/ Freight forwarding
Value-Added Logistics Services (VALs)
Warehousing & Distribution (W&D)

By Transport

Railways
Roadways
Airways
Waterways

By End-Use

Retail
Manufacturing
Automotive
Healthcare
Others

By Region

North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America

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Key Questions Answered in This Report:

What is third party logistics (3PL)?
Which key factors will influence the third party logistics (3PL) market growth over 2025-2034?
What will be the value of the third party logistics (3PL) market during 2025-2034?
What will be the CAGR value of the third party logistics (3PL) market during 2025-2034?
Which region will contribute notably towards the third party logistics (3PL) market value?
Which are the major players leveraging the third party logistics (3PL) market growth?
What can be expected from the global third party logistics (3PL) market report?

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