Asia Pacific Third Party Logistics Market
Asia Pacific Third-Party Logistics Market, By Service (Dedicated Contract Carriage (DCC)/Freight forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing &Distribution (W&D), Value Added Logistics Services (VALs)); By Transport (Roadways, Railways, Waterways, Airways); By End Use (Manufacturing, Retail, Healthcare, Automotive, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: January 2023
- Report ID: BWC23040
- Available Format: PDF
- Page: 115
Report Overview
Growing adoption of logistics across various industries including e–commerce, construction, retail, automotive, food and beverages, and hospitality; and the introduction of technology advancements, such as transportation management systems (TMS), supply chain management (SCM), international trade logistics systems (ITLS), and enterprise resource planning (ERP) in the logistics industry, in the logistics industry are expected to drive the growth of Asia-Pacific Third-Party Logistics Market during the forecast period 2023 and 2029.
Asia Pacific Third-Party Logistics Market - Industry Trends & Forecast Report, 2029
Asia Pacific third-party logistics market size was estimated USD 201.86 billion in 2022. During the forecast period between 2023 and 2029, Asia Pacific third-party logistics market size is projected to grow at a CAGR of 9.4% reaching a value of USD 405.33 billion by 2029. Asia Pacific third-party logistics market is flourishing owing to the rising adoption of logistics across various industries including e–commerce, construction, retail, automotive, food and beverage, and hospitality. The introduction of technological advancements, such as transportation management systems (TMS), supply chain management (SCM), international trade logistics systems (ITLS), and enterprise resource planning (ERP), in the logistics industry is also expected to provide lucrative growth opportunities to the Asia Pacific third-party logistics market during the forecast period.
Asia-Pacific Third-Party Logistics Market – Overview
Third-Party Logistics, or 3PL, is a partner or service that aids online retailers in managing their supply chain. The administration of warehouses and inventories, order fulfillment, shipping arrangements, retail distribution, exchanges, and returns are typical 3PL services. The need for 3PL services has increased as a result of rising online sales and rising customer demands for faster delivery and lower rates. In addition, the growth of 3PLs has been facilitated by monitoring technologies like GPS and RFID, which provide more comprehensive supply chain visibility. IoT technology has increased monitoring measures for trucks and other carriers.
Asia-Pacific Third-Party Logistics Market
Growth Drivers
Rapidly Growing E-Commerce Sector
The expanding e–commerce sector is emerging as the major growth factor for the Asia-Pacific third-party logistics market. China has already established itself as the manufacturing hub and the biggest exporter of goods. Other countries including India and Japan are also emerging as the biggest markets in the e–commerce industry. As a result, the biggest players in the market including Amazon, Alibaba, and Rakuten, are focusing on improving their customer service by offering them same-day delivery and easy returns to gain a competitive edge. The companies are also investing in developing the logistics services infrastructure, which is projected to boost the Asia-Pacific third-party logistics market during the forecast period.
Restraints
Shortage of Logistics Specialists
A logistics expert is a managerial role in charge of a company's warehousing, shipping, and receiving activities. Logistics experts manage the movement and storage of goods or commodities, which frequently entails office work and sporadic manual labor. However, the Asia–Pacific countries have a huge shortage of these logistic specialists, which restricts the adoption of advanced third-party logistics services, such as domestic transportation management (DTM). It also creates a huge demand and supply gap in the market, acting as a major restraining factor for the Asia-Pacific third-party logistics market.
Impact of COVID-19 on the Asia-Pacific Third-Party Logistics Market
Asia-Pacific third-party logistics market was disrupted due to the sudden COVID–19 pandemic outbreak. The lockdown imposed by the governments of Asia-Pacific countries halted the operations of the major industries including manufacturing and e–commerce, which resulted in a significant decline in the demand for third-party logistics. The trade of non–essential commodities was temporarily restricted and the transportation networks such as roads were blocked, which negatively affected the third-party logistics market in the Asia-Pacific region. However, third-party logistics gained momentum in the healthcare sector for transporting medical essentials such as PPE kits and vaccines, which provided the market with a significant boost during this period.
Asia-Pacific Third-Party Logistics Market
Segmental Coverage
Asia-Pacific Third-Party Logistics Market – By Service
Based on service, Asia-Pacific third-party logistics market is segregated into dedicated contract carriage (DCC)/freight forwarding, domestic transportation management (DTM), international transportation management (ITM), warehousing & distribution (W&D), and value-added logistics services (VALS). The Domestic transportation management (DTM) holds the highest share in the Asia-Pacific third-party logistics market as it helps the industry in tackling the challenges such as spiking gasoline prices, legislative requirements, and worker shortages. Integrating advanced technologies such as AI, robotics edge computing, IoT, and automation is improving delivery at a lower cost.
Asia-Pacific Third-Party Logistics Market – By Transport
Based on transport, Asia-Pacific third-party logistics market is segmented into roadways, railways, waterways, and airways. The roadways segment dominates the Asia-Pacific third-party logistics market. For sellers and companies in the supply chain, the roadway is frequently the preferred mode of transportation. Many different types of commodities, both containerized and non-containerized, are transported on roadways. Even the initial and last miles of a shipment by air or marine freight is transported by road. However, the waterways segment is also registering a high CAGR owing to expanding international trade.
Asia-Pacific Third-Party Logistics Market – By End Use
Based on end use, Asia-Pacific third-party logistics market is segmented into manufacturing, retail, healthcare, automotive, and others. The manufacturing segment accounts for the highest market share as the industry focuses on efficient supply chain management along with keeping costs low. The manufacturing industry involves the procurement of raw materials and supply of final goods in large volumes regularly as well as engaging with a number of suppliers and distributors. The third-party logistics offer better routing management, reduced costs, freight bill auditing and invoice consolidation, and improved customer service to the manufacturing industry, which is propelling its market growth.
Asia-Pacific Third-Party Logistics Market – By Region
Asia-Pacific Third-Party Logistics market geographically covers major countries in the region: China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, and the rest of Asia-Pacific. China dominates the Asia-Pacific third-party logistics market owing to the booming e–commerce industry. To build, carry out, and facilitate their outsourced warehousing solution, many businesses in China are outsourcing to a third-party logistics (3PL) provider or global forwarding service.
Competitive Landscape
Major players operating in Asia-Pacific third-party logistics market include United Parcel Service of America, Inc., DHL International GmbH (a subsidiary of Deutsche Post AG), FedEx, XPO Logistics, Inc, Kuehne+Nagel, Schenker AG, DSV, Expeditors International of Washington, Inc., C.H. Robinson Worldwide, Inc., SNCF, Nippon Express Co., Ltd., Toll Holdings Limited (a subsidiary of Japan Post Holdings Co., Ltd.), CJ Logistics Corporation, Kintetsu World Express, Inc., and Samudera Shipping Line Ltd, Singapore.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Recent Developments
-
In April 2022 – Lecangs became an international logistics partner for eBay Hong Kong and eBay China's international sellers based in the US market.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Billion |
Market Coverage |
China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, rest of Asia-Pacific |
Product/ Service Segmentation |
Service, Transport, End Use, Country |
Key Players |
United Parcel Service of America, Inc., DHL International GmbH (a subsidiary of Deutsche Post AG), FedEx, XPO Logistics, Inc, Kuehne+Nagel, Schenker AG, DSV, Expeditors International of Washington, Inc., C.H. Robinson Worldwide, Inc., SNCF, Nippon Express Co., Ltd., Toll Holdings Limited (a subsidiary of Japan Post Holdings Co.,Ltd.), CJ Logistics Corporation, Kintetsu World Express, Inc., Samudera Shipping Line Ltd, Singapore |
By Service
-
Dedicated Contract Carriage (DCC)/Freight forwarding
-
Domestic Transportation Management (DTM)
-
International Transportation Management (ITM)
-
Warehousing &Distribution (W&D)
-
Value Added Logistics Services (VALs)
By Transport
-
Roadways
-
Railways
-
Waterways
-
Airways
By End Use
-
Manufacturing
-
Retail
-
Healthcare
-
Automotive
-
Others
By Country
-
China
-
India
-
Japan
-
South Korea
-
Australia & New Zealand
-
Indonesia
-
Malaysia
-
Singapore
-
Philippines
-
Vietnam
-
Rest of Asia Pacific
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- APAC Third Party Logistics Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Rise in E-Commerce sector
- Increase in Focus of Manufacturers and Retailers on Core Competencies
- Restraints
- Shortage of Logistics Experts
- Opportunities
- Increase in Trading Activites
- Challenges
- Risk to Goodwill of Manufacturers
- Technological Advancement/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Industry Value Chain Analysis
- APAC Third Party Logistics Market Overview
- Market Size & Forecast, 2019-2029
- By Value (USD Billion)
- Market Share & Forecast
- By Service
- Dedicated Contract Carriage (DCC)/Freight forwarding
- Domestic Transportation Management (DTM)
- International Transportation Management (ITM)
- Warehousing &Distribution (W&D)
- Value Added Logistics Services (VALs)
- By Transport
- Roadways
- Railways
- Waterways
- Airways
- By End Use
- Manufacturing
- Retail
- Healthcare
- Automotive
- Others
- By Service
- Market Size & Forecast, 2019-2029
- Asia Pacific Third Party Logistics Market
- Market Size & Forecast, 2019-2029
- By Value (USD Billion)
- Market Share & Forecast
- By Service
- By Transport
- By End Use
- By Country
- China
- By Service
- By Transport
- By End Use
- India
- By Service
- By Transport
- By End Use
- Japan
- By Service
- By Transport
- By End Use
- South Korea
- By Service
- By Transport
- By End Use
- Australia & New Zealand
- By Service
- By Transport
- By End Use
- Indonesia
- By Service
- By Transport
- By End Use
- Malaysia
- By Service
- By Transport
- By End Use
- Singapore
- By Service
- By Transport
- By End Use
- Philippines
- By Service
- By Transport
- By End Use
- Vietnam
- By Service
- By Transport
- By End Use
- Rest of APAC
- By Service
- By Transport
- By End Use
- China
- Market Size & Forecast, 2019-2029
- Competitive Landscape
- List of Key Players and Their Offerings
- APAC Third Party Logistics Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on APAC Third Party Logistics Market
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic , SWOT Analysis)
- United Parcel Service of America, Inc.
- DHL International GmbH (a subsidiary of Deutsche Post AG)
- FedEx
- XPO Logistics, Inc
- Kuehne+Nagel
- Schenker AG
- DSV
- Expeditors International of Washington, Inc.
- C.H. Robinson Worldwide, Inc.
- SNCF
- Nippon Express Co., Ltd.
- Toll Holdings Limited (a subsidiary of Japan Post Holdings Co.,Ltd.)
- CJ Logistics Corporation
- Kintetsu World Express, Inc.
- Samudera Shipping Line Ltd, Singapore
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information of case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Asia Pacific Third Party Logistics Segmentation
Figure 2 Asia Pacific Third Party Logistics Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 The Asia-Pacific Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Figure 5 The Asia-Pacific Third Party Logistics Market Share, By Service, By Value, 2019-2029
Figure 6 The Asia-Pacific Third Party Logistics Market Share, By Transport, By Value, 2019-2029
Figure 7 The Asia-Pacific Third Party Logistics Market Share, By End Use, By Value, 2019-2029
Figure 8 The Asia-Pacific Third Party Logistics Market Share, By Country, By Value, 2019-2029
Figure 9 China Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Figure 10 China Third Party Logistics Market Share, By Service, By Value, 2019-2029
Figure 11 China Third Party Logistics Market Share, By Transport, By Value, 2019-2029
Figure 12 China Third Party Logistics Market Share, By End Use, By Value, 2019-2029
Figure 13 India Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Figure 14 India Third Party Logistics Market Share, By Service, By Value, 2019-2029
Figure 15 India Third Party Logistics Market Share, By Transport, By Value, 2019-2029
Figure 16 India Third Party Logistics Market Share, By End Use, By Value, 2019-2029
Figure 17 Japan Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Figure 18 Japan Third Party Logistics Market Share, By Service, By Value, 2019-2029
Figure 19 Japan Third Party Logistics Market Share, By Transport, By Value, 2019-2029
Figure 20 Japan Third Party Logistics Market Share, By End Use, By Value, 2019-2029
Figure 21 South Korea Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Figure 22 South Korea Third Party Logistics Market Share, By Service, By Value, 2019-2029
Figure 23 South Korea Third Party Logistics Market Share, By Transport, By Value, 2019-2029
Figure 24 South Korea Third Party Logistics Market Share, By End Use, By Value, 2019-2029
Figure 25 Australia & New Zealand Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Figure 26 Australia & New Zealand Third Party Logistics Market Share, By Service, By Value, 2019-2029
Figure 27 Australia & New Zealand Third Party Logistics Market Share, By Transport, By Value, 2019-2029
Figure 28 Australia & New Zealand Third Party Logistics Market Share, By End Use, By Value, 2019-2029
Figure 29 Indonesia Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Figure 30 Indonesia Third Party Logistics Market Share, By Service, By Value, 2019-2029
Figure 31 Indonesia Third Party Logistics Market Share, By Transport, By Value, 2019-2029
Figure 32 Indonesia Third Party Logistics Market Share, By End Use, By Value, 2019-2029
Figure 33 Malaysia Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Figure 34 Malaysia Third Party Logistics Market Share, By Service, By Value, 2019-2029
Figure 35 Malaysia Third Party Logistics Market Share, By Transport, By Value, 2019-2029
Figure 36 Malaysia Third Party Logistics Market Share, By End Use, By Value, 2019-2029
Figure 37 Singapore Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Figure 38 Singapore Third Party Logistics Market Share, By Service, By Value, 2019-2029
Figure 39 Singapore Third Party Logistics Market Share, By Transport, By Value, 2019-2029
Figure 40 Singapore Third Party Logistics Market Share, By End Use, By Value, 2019-2029
Figure 41 Philippines Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Figure 42 Philippines Third Party Logistics Market Share, By Service, By Value, 2019-2029
Figure 43 Philippines Third Party Logistics Market Share, By Transport, By Value, 2019-2029
Figure 44 Philippines Third Party Logistics Market Share, By End Use, By Value, 2019-2029
Figure 45 Vietnam Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Figure 46 Vietnam Third Party Logistics Market Share, By Service, By Value, 2019-2029
Figure 47 Vietnam Third Party Logistics Market Share, By Transport, By Value, 2019-2029
Figure 48 Vietnam Third Party Logistics Market Share, By End Use, By Value, 2019-2029
Figure 49 Rest of APAC Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Figure 50 Rest of APAC Third Party Logistics Market Share, By Service, By Value, 2019-2029
Figure 51 Rest of APAC Third Party Logistics Market Share, By Transport, By Value, 2019-2029
Figure 52 Rest of APAC Third Party Logistics Market Share, By End Use, By Value, 2019-2029
List Of Tables
Table 1 The Asia-Pacific Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Table 2 The Asia-Pacific Third Party Logistics Market Size, By Service, By Value, 2019-2029
Table 3 The Asia-Pacific Third Party Logistics Market Size, By Transport, By Value, 2019-2029
Table 4 The Asia-Pacific Third Party Logistics Market Size, By End Use, By Value, 2019-2029
Table 5 The Asia-Pacific Third Party Logistics Market Size, By Country, By Value, 2019-2029
Table 6 China Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Table 7 China Third Party Logistics Market Size, By Service, By Value, 2019-2029
Table 8 China Third Party Logistics Market Size, By Transport, By Value, 2019-2029
Table 9 China Third Party Logistics Market Size, By End Use, By Value, 2019-2029
Table 10 India Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Table 11 India Third Party Logistics Market Size, By Service, By Value, 2019-2029
Table 12 India Third Party Logistics Market Size, By Transport, By Value, 2019-2029
Table 13 India Third Party Logistics Market Size, By End Use, By Value, 2019-2029
Table 14 Japan Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Table 15 Japan Third Party Logistics Market Size, By Service, By Value, 2019-2029
Table 16 Japan Third Party Logistics Market Size, By Transport, By Value, 2019-2029
Table 17 Japan Third Party Logistics Market Size, By End Use, By Value, 2019-2029
Table 18 South Korea Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Table 19 South Korea Third Party Logistics Market Size, By Service, By Value, 2019-2029
Table 20 South Korea Third Party Logistics Market Size, By Transport, By Value, 2019-2029
Table 21 South Korea Third Party Logistics Market Size, By End Use, By Value, 2019-2029
Table 22 Australia & New Zealand Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Table 23 Australia & New Zealand Third Party Logistics Market Size, By Service, By Value, 2019-2029
Table 24 Australia & New Zealand Third Party Logistics Market Size, By Transport, By Value, 2019-2029
Table 25 Australia & New Zealand Third Party Logistics Market Size, By End Use, By Value, 2019-2029
Table 26 Indonesia Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Table 27 Indonesia Third Party Logistics Market Size, By Service, By Value, 2019-2029
Table 28 Indonesia Third Party Logistics Market Size, By Transport, By Value, 2019-2029
Table 29 Indonesia Third Party Logistics Market Size, By End Use, By Value, 2019-2029
Table 30 Malaysia Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Table 31 Malaysia Third Party Logistics Market Size, By Service, By Value, 2019-2029
Table 32 Malaysia Third Party Logistics Market Size, By Transport, By Value, 2019-2029
Table 33 Malaysia Third Party Logistics Market Size, By End Use, By Value, 2019-2029
Table 34 Singapore Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Table 35 Singapore Third Party Logistics Market Size, By Service, By Value, 2019-2029
Table 36 Singapore Third Party Logistics Market Size, By Transport, By Value, 2019-2029
Table 37 Singapore Third Party Logistics Market Size, By End Use, By Value, 2019-2029
Table 38 Philippines Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Table 39 Philippines Third Party Logistics Market Size, By Service, By Value, 2019-2029
Table 40 Philippines Third Party Logistics Market Size, By Transport, By Value, 2019-2029
Table 41 Philippines Third Party Logistics Market Size, By End Use, By Value, 2019-2029
Table 42 Vietnam Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Table 43 Vietnam Third Party Logistics Market Size, By Service, By Value, 2019-2029
Table 44 Vietnam Third Party Logistics Market Size, By Transport, By Value, 2019-2029
Table 45 Vietnam Third Party Logistics Market Size, By End Use, By Value, 2019-2029
Table 46 Rest of APAC Third Party Logistics Market Size, By Value (USD Billion), 2019-2029
Table 47 Rest of APAC Third Party Logistics Market Size, By Service, By Value, 2019-2029
Table 48 Rest of APAC Third Party Logistics Market Size, By Transport, By Value, 2019-2029
Table 49 Rest of APAC Third Party Logistics Market Size, By End Use, By Value, 2019-2029
Table 50 United Parcel Service of America, Inc. Company Overview
Table 51 United Parcel Service of America, Inc. Financial Overview
Table 52 DHL International GmbH (a subsidiary of Deutsche Post AG) Company Overview
Table 53 DHL International GmbH (a subsidiary of Deutsche Post AG) Financial Overview
Table 54 FedEx Company Overview
Table 55 FedEx Financial Overview
Table 56 XPO Logistics, Inc Company Overview
Table 57 XPO Logistics, Inc Financial Overview
Table 58 Kuehne+Nagel Company Overview
Table 59 Kuehne+Nagel Financial Overview
Table 60 Schenker AG Company Overview
Table 61 Schenker AG Financial Overview
Table 62 DSV Company Overview
Table 63 DSV Financial Overview
Table 64 Expeditors International of Washington, Inc. Company Overview
Table 65 Expeditors International of Washington, Inc. Financial Overview
Table 66 C.H. Robinson Worldwide, Inc. Company Overview
Table 67 C.H. Robinson Worldwide, Inc. Financial Overview
Table 68 SNCF Company Overview
Table 69 SNCF Financial Overview
Table 70 Nippon Express Co., Ltd. Company Overview
Table 71 Nippon Express Co., Ltd. Financial Overview
Table 72 Toll Holdings Limited (a subsidiary of Japan Post Holdings Co.,Ltd.) Company Overview
Table 73 Toll Holdings Limited (a subsidiary of Japan Post Holdings Co.,Ltd.) Financial Overview
Table 74 CJ Logistics Corporation Company Overview
Table 75 CJ Logistics Corporation Financial Overview
Table 76 Kintetsu World Express, Inc. Company Overview
Table 77 Kintetsu World Express, Inc. Financial Overview
Table 78 Samudera Shipping Line Ltd, Singapore Company Overview
Table 79 Samudera Shipping Line Ltd, Singapore Financial Overview
Market Segmentation
By Service
-
Dedicated Contract Carriage (DCC)/Freight forwarding
-
Domestic Transportation Management (DTM)
-
International Transportation Management (ITM)
-
Warehousing &Distribution (W&D)
-
Value Added Logistics Services (VALs)
By Transport
-
Roadways
-
Railways
-
Waterways
-
Airways
By End Use
-
Manufacturing
-
Retail
-
Healthcare
-
Automotive
-
Others
By Country
-
China
-
India
-
Japan
-
South Korea
-
Australia & New Zealand
-
Indonesia
-
Malaysia
-
Singapore
-
Philippines
-
Vietnam
-
Rest of Asia Pacific
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