Asia-Pacific Third Party Logistics Market, By Service (International Transportation Management (ITM), Domestic Transportation Management (DTM), Warehousing, Fulfilment & Distribution (W&D), Dedicated Contract Carriage (DCC)/ Freight Forwarders, Value-Added Services (VALS)), Product (Air Freight, Ocean Freight, Land Transport, Contract Logistics), Providers (Companies Integrating & Offering Subcontracted Logistics, Courier Companies, Small Freight Forwarders, Transportation Services), Application (Shipping, Receiving, Returns, Packing), Business Type (B2C, B2B), Function (Supply Chain Management, Customer Management, In-Store Operations, Strategy and Planning, Merchandising), Vertical (Retail & Ecommerce, Manufacturing, Consumer Electronics, Healthcare, Automotive, Semicon/Solar, Aerospace & Defense, Others) - Industry Trends and Forecast to 2031.
Asia-Pacific Third Party Logistics Market Analysis and Size
The Asia-Pacific third-party logistics market is anticipated to benefit greatly from the introduction of technological advancements into the logistics sector, including enterprise resource planning (ERP), supply chain management (SCM), international trade logistics systems (ITLS), and transportation management systems (TMS).
Data Bridge Market Research analyzes that the Asia-Pacific third-party logistics market, which was USD 428,227.64 million in 2024, is likely to reach USD 642,592.26 million by 2031 and is expected to undergo a CAGR of 5.20% during the forecast period. “International transportation management (ITM)” dominates the service segment of the market due to international freight charges being high, which generates higher revenue for third-party logistics companies. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Service (International Transportation Management (ITM), Domestic Transportation Management (DTM), Warehousing, Fulfilment & Distribution (W&D), Dedicated Contract Carriage (DCC)/ Freight Forwarders, Value-Added Services (VALS)), Product (Air Freight, Ocean Freight, Land Transport, Contract Logistics), Providers (Companies Integrating & Offering Subcontracted Logistics, Courier Companies, Small Freight Forwarders, Transportation Services), Application (Shipping, Receiving, Returns, Packing), Business Type (B2C, B2B), Function (Supply Chain Management, Customer Management, In-Store Operations, Strategy and Planning, Merchandising), Vertical (Retail & Ecommerce, Manufacturing, Consumer Electronics, Healthcare, Automotive, Semicon/Solar, Aerospace & Defense, Others),
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Countries Covered
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China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific
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Market Players Covered
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DHL international GMBH (Germany), FedEx (U.S.), XPO Logistics, Inc. (U.S.), Kuehne+Nagel (Switzerland), Schenker AG (Germany), DSV (Denmark), Expeditors International of Washington, Inc. (U.S.), C.H. Robinson Worldwide, Inc. (U.S.), SNCF (France), Nippon Express Co., Ltd. (Japan), Toll Holdings Limited (Australia), CJ Logistics Corporation (South Korea), Kintetsu World Express, Inc.(Japan), Samudera Shipping Line Ltd (Singapore), PT. Cipta Mapan Logistic (Indonesia), KERRY LOGISTICS NETWORK LIMITED (Hong Kong), SINOTRANS Limited (China), Hitachi Transport System, Ltd. (Japan), NYK Line (Japan)
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Market Opportunities
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Market Definition
Third-party logistics (3PL) is a service that allows outsourcing operational logistics for warehousing, all the way to delivery, and ultimately enables to focus on the main core part of the business. Third-party logistics companies provide a varied number of services in regard to the logistics of the supply chain, which includes transportation, warehousing, picking and packing, inventory forecasting, order fulfillment, and freight forwarding.
Asia-Pacific Third-Party Logistics Market Dynamics
Drivers
- Growing adoption of smart glass in automobiles
The technologies innovation like smart glass and gorilla glass are aimed at enhancing the safety and comfort of drivers and passengers in vehicles. There is a rapid growth in smart glass options in sunroof and sunroof production.
- Rise In demand for safety, comfort, and convenience features
Vehicle technology has advanced significantly as a result of the rise in demand for aesthetic, aesthetics, and safety features. One example is the installation of sunroofs that improve airflow. Since there is a growing demand for comfort and convenience features in the hatchback category due to the demand for sunroofs from a global audience, the demand for the third party logistics market is expected to increase throughout the anticipated year.
Restraint
- Substantial initial investment
Flat glass is use to manufacture windshield glass for automotive and investment required to setup new plant cost USD 100-240 Million and after 15 years it require repair which cost approx USD 45 million, as a result many glass company prefer expansion rather then establishing new plant which limit them to a few location.
Opportunity
- Integration of solar sunroof in EV
The rise in demand for electric vehicles in developed and developing countries boosts the solar sunroof system (made from glass with inlaid photovoltaic solar cells in the glass) in the EV segment which in turn provides growth opportunities for the market.
Challenge
- High cost associated with raw material of glass
The market for automobile glass is incredibly reliant on a variety of raw commodities, including limestone, soda ash, silica, and natural gas. The global market can be significantly impacted by fluctuating raw material prices.
This third party logistics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the third party logistics market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In April 2022, Fuyao Group through its subsidiary Fuyao Glass America Inc., a venture of China-based Fuyao Glass Industry Group Co. Ltd. expanded its operations in Greenville County. Its $34.5 million investment create 121 new jobs
- In December 2022, Corning Incorporated collaborated with LG electronics to create curved display modules for vehicle interiors. It used cold-form technology that allows curved displays to be developed with a 25 percent carbon reduction compared to traditional glass forming
Asia-Pacific Third Party Logistics Market Scope
The third party logistics market is segmented on the basis of service, product, providers, application, business type, function, and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Service
- International Transportation Management (ITM)
- Domestic Transportation Management (DTM)
- Warehousing, Fulfilment & Distribution (W&D)
- Dedicated Contract Carriage (DCC)/ Freight Forwarders
- Value-Added Services (VALS)
Product
- Air Freight
- Ocean Freight
- Land Transport
- Contract Logistics
Providers
- Companies Integrating & Offering Subcontracted Logistics
- Courier Companies
- Small Freight Forwarders
- Transportation Services
Application
- Shipping
- Receiving
- Returns
- Packing
Business Type
- B2C
- B2B
Function
- Supply Chain Management
- Customer Management
- In-Store Operations
- Strategy and Planning
- Merchandising
Vertical
- Retail & Ecommerce
- Manufacturing
- Consumer Electronics
- Healthcare
- Automotive
- Semicon/Solar
- Aerospace & Defense
- Others
Asia-Pacific Third Party Logistics Market Region Analysis/Insights
The third party logistics market is analyzed and market size insights and trends are provided by by service, product, providers, application, business type, function and vertical as referenced above.
The countries covered in the market are China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and rest of Asia-Pacific.
China is expected to dominate the market due to being the largest manufacturer and service providers of the e-commerce and manufacturing products & goods for the B2C segment. High volumes and presence of international players are seeking growth in the country.
Japan is the fastest growing country in the market due to the strong presence of manufacturing companies for the B2C segment in relation with safety solution, better infrastructure and stringent rules and regulations of government regarding speed and traffic.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Automobile Infrastructure growth Installed base and New Technology Penetration
The third party logistics market also provides you with a detailed market analysis for every region’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the Asia-Pacific Third Party Logistics Market, the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the third party logistics market . The data is available for the historic period 2010-2020.
Competitive Landscape and Asia-Pacific Third Party Logistics Market Share Analysis
The third party logistics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to third party logistics market.
Some of the major players operating in the third party logistics market are:-
- DHL international GMBH (Germany)
- FedEx (U.S.)
- XPO Logistics, Inc. (U.S.)
- Kuehne+Nagel (Switzerland)
- Schenker AG (Germany)
- DSV (Denmark)
- Expeditors International of Washington, Inc. (U.S.)
- C.H. Robinson Worldwide, Inc. (U.S.)
- SNCF (France)
- Nippon Express Co., Ltd. (Japan)
- Toll Holdings Limited (Australia)
- CJ Logistics Corporation (South Korea)
- Kintetsu World Express, Inc.(Japan)
- Samudera Shipping Line Ltd (Singapore)
- PT. Cipta Mapan Logistic (Indonesia)
- KERRY LOGISTICS NETWORK LIMITED (Hong Kong)
- SINOTRANS Limited (China)
- Hitachi Transport System, Ltd. (Japan)
- NYK Line (Japan)
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