Asia Pacific Third-party Logistics Market Size & Outlook
Asia Pacific third-party logistics market, 2018-2030 (US$M)
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Asia Pacific third-party logistics market highlights
- The Asia Pacific third-party logistics market generated a revenue of USD 465,069.3 million in 2023.
- The market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
- In terms of segment, itm was the largest revenue generating services in 2023.
- VALs is the most lucrative services segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 465,069.3 million |
| Market revenue in 2030 | USD 884,322.0 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Itm |
| Fastest growing segment | VALs |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | DCC/Freight Forwarding, DTM, ITM, W&D, VALs |
| Key market players worldwide | Burris Logistics, C.H. Robinson Worldwide Inc, CEVA Logistics, DSV AS, DB Schenker, FedEx Corp, JB Hunt Transport Services Inc, Kuehne + Nagel International AG, Nippon Express Holdings Inc, United Parcel Service Inc Class B, Yusen Logistics |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 42.4% of the global third-party logistics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 884,322.0 million by 2030.
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Third-Party Logistics Market Scope
Third-Party Logistics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific third-party logistics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to third-party logistics market will help companies and investors design strategic landscapes.
Itm was the largest segment with a revenue share of 35.95% in 2023. Horizon Databook has segmented the Asia Pacific third-party logistics market based on dcc/freight forwarding, dtm, itm, w&d, vals covering the revenue growth of each sub-segment from 2018 to 2030.
The 3PLs will maintain heavy reliance on technology for collaboration, connection, and customer engagement. Electronic data exchange will remain critical, fueled by the need for speed for exchange, flexibility, and data integrity.
Another trend expected to grow is the vendor-managed inventory, wherein consumer’s inventory is periodically monitored to ensure faster and hassle-free restocking. This system is likely to be common even in the smallest 3PLs through web-portals and system access of 3PL.
Paper records are likely to become obsolete in warehouses as electronic data continues to show increasing market penetration. RFID-enabled devices will continue to stay prominent for information storage and security, which will help with product identification and traceability.
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Target buyers of Asia Pacific third-party logistics market databook
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Our clientele includes a mix of third-party logistics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific third-party logistics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific third-party logistics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific third-party logistics market size, by country, 2018-2030 (US$M)
Asia Pacific Third-Party Logistics Market Outlook Share, 2023 & 2030 (US$M)
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