North America Third-party Logistics Market Size & Outlook
North America third-party logistics market, 2018-2030 (US$M)
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North America third-party logistics market highlights
- The North America third-party logistics market generated a revenue of USD 280,950.0 million in 2023.
- The market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, dtm 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 280,950.0 million |
| Market revenue in 2030 | USD 442,342.0 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Dtm |
| 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, North America region accounted for 25.6% 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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North America 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.
Dtm was the largest segment with a revenue share of 38.87% in 2023. Horizon Databook has segmented the North America 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.
Warehouses were coerced into achieving their production limit, driven strongly by the labor shortage due to lockdown and the explosion of e-commerce demand. Consequently, mobile robots witnessed rapid deployment by several 3PL companies, intending to augment their e-commerce fulfillment productivity in 2020.
According to the Robotic Industries Association, 485,000 units of logistics robots will be sold between 2019 and 2021, rising at 18% CAGR. As 3PL companies capitalized on robots to address the escalating eCommerce demand considering the safety of the employees during the pandemic, the adoption of robots continued to grow.
Amazon, which has surpassed USD 1.5 trillion market cap, continues to be the leading eCommerce retailer in the U.S., capturing almost 38% among all e-commerce providers. The company’s strategic investments to address the booming demand has led them to entail over 100 fulfillment centers and 300 delivery centers to tackle last-mile dispatches in 2020.
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Target buyers of North America 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 North America third-party logistics market , including forecasts for subscribers. This continent databook contains high-level insights into North America third-party logistics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America third-party logistics market size, by country, 2018-2030 (US$M)
North America Third-Party Logistics Market Outlook Share, 2023 & 2030 (US$M)
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