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

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. APAC Third Party Logistics Market Insights
   1. Industry Value Chain Analysis
      1. DROC Analysis
      2. Growth Drivers
         1. Rise in E-Commerce sector
         2. Increase in Focus of Manufacturers and Retailers on Core Competencies
      3. Restraints
         1. Shortage of Logistics Experts
      4.  Opportunities
         1. Increase in Trading Activites
      5. Challenges
         1. Risk to Goodwill of Manufacturers
   2. Technological Advancement/Recent Developments
   3. Regulatory Framework
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. APAC Third Party Logistics Market Overview
   1. Market Size & Forecast, 2019-2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Service
         1. Dedicated Contract Carriage (DCC)/Freight forwarding
         2. Domestic Transportation Management (DTM)
         3. International Transportation Management (ITM)
         4. Warehousing &Distribution (W&D)
         5. Value Added Logistics Services (VALs)
      2. By Transport
         1. Roadways
         2. Railways
         3. Waterways
         4. Airways
      3. By End Use
         1. Manufacturing
         2. Retail
         3. Healthcare
         4. Automotive
         5. Others
5. Asia Pacific Third Party Logistics Market
   1. Market Size & Forecast, 2019-2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Service
      2. By Transport 
      3. By End Use
      4. By Country
         1. China
            1. By Service
            2. By Transport
            3. By End Use
         2. India
            1. By Service 
            2. By Transport 
            3. By End Use
         3. Japan
            1. By Service
            2. By Transport 
            3. By End Use
         4. South Korea
            1. By Service
            2. By Transport 
            3. By End Use
         5. Australia & New Zealand
            1. By Service
            2. By Transport 
            3. By End Use
         6. Indonesia
            1. By Service
            2. By Transport 
            3. By End Use
         7. Malaysia
            1. By Service
            2. By Transport 
            3. By End Use
         8. Singapore
            1. By Service
            2. By Transport 
            3. By End Use
         9. Philippines
            1. By Service
            2. By Transport 
            3. By End Use
         10. Vietnam
             1. By Service
             2. By Transport 
             3. By End Use
         11. Rest of APAC
             1. By Service
             2. By Transport 
             3. By End Use
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. APAC Third Party Logistics Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
7. Impact of Covid-19 on APAC Third Party Logistics Market
8. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic , SWOT Analysis)
   1. United Parcel Service of America, Inc.
   2. DHL International GmbH (a subsidiary of Deutsche Post AG)
   3. FedEx
   4. XPO Logistics, Inc
   5. Kuehne+Nagel
   6. Schenker AG
   7. DSV
   8. Expeditors International of Washington, Inc.
   9. C.H. Robinson Worldwide, Inc.
   10. SNCF
   11. Nippon Express Co., Ltd.
   12. Toll Holdings Limited (a subsidiary of Japan Post Holdings Co.,Ltd.)
   13. CJ Logistics Corporation
   14. Kintetsu World Express, Inc.
   15. Samudera Shipping Line Ltd, Singapore
   16. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
    1.       Qualitative Research
       1.   Primary & Secondary Research
    2.       Quantitative Research
    3.       Market Breakdown & Data Triangulation
       1.   Secondary Research
       2.   Primary Research
    4.       Breakdown of Primary Research Respondents, By Region
    5.       Assumptions & Limitations

*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