Exploring the Future of Third-Party Logistics (3PL): Trends & Projections for 2024
The third-party logistics (3PL) market is witnessing robust growth driven by the rise of e-commerce and the need for efficient supply chain management. Technological advancements and the demand for scalable logistics solutions are reshaping the sector.Â
| Third-Party Logistics Market Statistics (2024)  | Predictions and Insights  | Source  |
|---|---|---|
| 1. In 2023, 3PLs represented 30% to 40% of logistics leasing activity, with only marginal growth anticipated in the near future. | This investment trend indicates a steady reliance on 3PLs, suggesting incremental expansion in their market share and service capabilities. | Contact us to view the source. |
| 2. Third-party logistics (3 PL) captured 30.4% of the market share in the US in 2023. | Even though short-term demand has softened due to economic uncertainty, 3PLs are likely to stay vital for supply chains as e-commerce continues to grow. | Contact us to view the source. |
| 3. Plug-in hybrid electric vehicle (PHEVs) sales in China surged by 70% in the first seven months of 2024 compared to the previous year. | The significant rise in PHEV sales indicates growing consumer interest in hybrid solutions as a bridge between traditional and fully electric vehicles in China. | Contact us to view the source. |
| 4. In 2023, 3PLs represented nearly 60% of gross take-up in Australia. | The high percentage indicates robust demand for 3PL services, driven by growing logistics needs in the Australian market. | Contact us to view the source. |
| 5. Despite a slowdown from pandemic peaks, 3PLs represented about 50% of regional leasing activity in 2023. | This strong presence helped offset recent sluggishness in logistics leasing, reflecting 3PLs’ continued importance even as e-commerce growth moderates. | Contact us to view the source. |
Third-Party Logistics (3PL) Market – Key Takeaways
Companies are seeking to optimize their supply chains and enhance operational efficiency, the 3PL market is set for continued expansion. Innovations in technology and increasing global trade will further drive market development and opportunities.