Third
                     Third-Party Logistics Market Development, Growth, Trends, Demand, Analysis and Forecast 2027 
Market Overview 
Third party logistics (TPL or 3PL), is a service provider outsourced by a company in a supply chain 
management or logistic. Increasing globalization for trade offers manufacturing companies with a 
worldwide networking platform. Companies majorly focus on keeping up with their productivity, and 
thus rely on third party logistics to suffice their transportation and packaging. This in turn, has driven 
growth of the market for third part logistics. Growing e-commerce industry is one of the major drivers 
for growth of the global third party logistics market. For instance, in 2016, the global B2C ecommerce 
industry generated revenue of US$ 2.1 trillion, from US$ 1.8 trillion in 2015, and is expected to reach up 
to US$ 2.4 trillion by 2017. Several e-commerce companies that have adopted the online platform to sell 
their products do not have their own logistics services. This also contributes to the increased demand 
for TPL. Increasing number of startups, generally are unable to afford their own logistics services, thus 
increasing the demand for third party logistics. Moreover, the convenience of shopping online, is 
increasing adoption of online shopping by several customers worldwide, which in turn, is expected to 
fuel growth of the third party logistic services in e-commerce industry. 
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Market Dynamics 
On the basis of geography, global third party logistics market is segmented into North America, Europe, 
Asia Pacific, Latin America, Middle East, and Africa. The market in Asia Pacific held a dominant position 
in the global third party logistics market in 2016 and is projected to retain its dominance throughout the 
forecast period. Increasing disposable income and rising investment by e-commerce leaders and 
increasing internet penetration are leading to the rapid growth of the e-commerce industry in emerging 
economies such as India and China. This, in turn, is expected to boost growth of the market for third 
party logistics in the Asia Pacific. North America also holds a largest share of the third party logistics 
market, owing to increasing demand for TPL in the automotive and ecommerce sectors. The U.S. and 
Canada are the major growth engines for the market in the region. Rising demand for low cost services 
and rapid delivery services is also responsible for fueling the third party logistics market, in the U.S.  
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Key players operating in the third party logistics market include AmeriCold Logistics LLC, BDP 
International, Burris Logistics, C.H. Robinson Worldwide, CEVA Logistics, DB Schenker Logistics, DHL 
Supply Chain, FedEx, GEODIS, J. B. Hunt, Kintetsu World Express, Inc., Landstar System, Inc., Nippon 
Express Co., Ltd, Panalpina World Transport Ltd., Ryder Supply Chain Solutions, Schneider National, 
Inc., SinoTrans (HK) Logistics Limited, Total Quality Logistics, Inc., Transplace Texas LP, Unyson 
Logistics, Inc., UPS Supply Chain Solutions, and XPO Logistics, Inc. 
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