Third-party logistics, also known as outsourced logistics or contract logistics, refers to a company with substantial assets to provide logistics-related services to other companies, such as transportation, warehousing, inventory management, order management, information integration and value-added services, or cooperate with related logistics services industry players to provide more complete a professional logistics company.

The global 3PL industry has grown rapidly over the past few years as the demand for transportation, warehousing and many other services has expanded.

Comparing by country, the U.S. and China generate the largest revenue in the 3PL market, accounting for nearly half of global revenue. Total revenue from the 3PL industry in the U.S. soars to approximately $348 billion in 2021. This data from Statista represents the global revenue stream of the 3PL market in 2020 by major countries. In the U.S., 3PL revenues reach $231.5 billion, making it the largest market in that year.

Growing economic opportunities and diverse company structures in the logistics industry have bred a highly competitive business environment. As a result, new companies are entering and inefficient companies are exiting the 3PL services market. In 2021, most 3PL providers experienced significant growth in total revenues. In this year, Kuehne + Nagel, DHL Supply Chain & Global Forwarding, DSV and DB Schenker are the leading 3PL service companies worldwide.

https://www.businessnewsdaily.com/15954-3pl-logistics-guide.html

https://es.statista.com/