Third-party Logistics Market Is Expected To Expand At A CAGR Of 8.10% From 2024 to 2030
Third-party Logistics Industry Overview The global third-party logistics market size was estimated at USD 1,095.85 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2030. The development of transport infrastructure in Asia and Middle East, the thriving growth of the e-commerce sector, and the development of new technologies are expected to significantly contribute to the market growth. Shippers are focusing on outsourcing the transport activity to enhance their operations and cost-effectiveness. The increased working capital and globalization lead to the demand for efficient inventory management services. Moreover, the restructuring of the brick and mortar business model continues to provide dynamic growth to the industry. Gather more insights about the market drivers, restrains and growth of the Third-party Logistics Market The changing global supply chain to become more customer-centric enables companies to outsource thei...