- Third party logistics (3PL) providers offer outsourced logistics services including transportation, warehousing, inventory management, order fulfillment, and freight forwarding, allowing companies to focus on core competencies while improving supply chain efficiency and scalability
- The growing demand for flexible and integrated logistics operations, fueled by the expansion of e-commerce, globalization of manufacturing, and increasing consumer expectations for rapid delivery, is driving strong adoption of 3PL services across verticals such as retail, automotive, healthcare, and consumer goods
- China dominated the third party logistics market with a share of 62% in 2024, due to its position as the global manufacturing hub and strong infrastructure for freight and warehousing
- Japan is expected to be the fastest growing country in the third party logistics market during the forecast period due to rising demand for value-added logistics services and increasing automation across distribution networks
- International Transportation Management (ITM) segment dominated the market with a market share of 36.4% in 2024, due to the surge in cross-border trade, growing globalization of supply chains, and rising demand for efficient freight forwarding and customs brokerage services. Businesses increasingly rely on ITM providers to navigate complex international regulations, optimize multimodal shipping routes, and ensure timely delivery across global markets. The ability of ITM solutions to provide end-to-end visibility, cost control, and real-time tracking for international shipments further strengthens their adoption among enterprises operating in diverse geographies
