Asia Pacific Third Party Logistics Market Forecast to 2030 - Regional Analysis - by Mode of Transports (Roadways, Railways, Waterways, and Airways), Services (International Transportation, Warehousing, Domestic Transportation, Inventory Management, and Others), and End user (Automotive, Healthcare, Retail, Consumer Goods, and Others)
The Asia Pacific third party logistics market was valued at US$ 475.14 billion in 2022 and is expected to reach US$ 729.01 billion by 2030; it is estimated to register a CAGR of 5.5% from 2022 to 2030.
Increasing Trends of Sustainability Boost Asia Pacific Third Party Logistics Market
Many large and medium-sized organizations are taking initiatives to optimize their business processes to reduce carbon footprints. The transportation and logistics sector is among the major contributors to carbon emissions, accounting for approximately 27% of the total emissions. Many third-party logistics firms are helping shippers improve mobility by planning more effective routes, using environmentally friendly modes of transportation, and occupying key places. Third-party logistics providers such as Borderline help reduce carbon emissions during the transportation stage of distribution by raising the fill rate per transport unit per tank of fuel, using higher-capacity vehicles, and performing routine maintenance of transport vehicles. While historically, the engineering of packing technologies has prioritized economic effectiveness and secure shipping over sustainability, many third-party logistics providers are rapidly moving to eco-friendly packaging to reduce their environmental impact. As recycled waste is used in the creation of eco-friendly packaging, fewer harmful resources are used, which lower overall carbon emissions. Initiatives like these that focus on reducing carbon footprints are aligning with organizations' business strategy, ultimately driving the third-party logistics industry. In addition, governments of developed nations are compelling organizations to adopt greener practices. As a result, many manufacturing companies are searching for third-party logistics providers that have introduced eco-friendly efforts in light of this trend. Some of the practices involve minimizing waste production, lowering the carbon footprint of transportation, and adopting recyclable or environmentally friendly packaging.
Asia Pacific Third Party Logistics Market Overview
Continuously growing economies and penetration of e-commerce are driving the market. Owing to growth in the industrial, manufacturing, and agriculture sectors in developing economies such as India, Malaysia, and Singapore, the logistics activities in the region are increasing. Further, government initiatives to promote the logistics sector and develop infrastructure are some supporting factors for the market growth. In 2022, the Asian Development Bank (ADB) authorized a $ 250 million policy-based loan to help the Indian government's goal of strengthening the country's logistics infrastructure and lowering costs. The factors mentioned above are anticipated to drive the market in the near future. With factors such as favorable government regulations, excellent road, rail, and transportation infrastructure, a vast network of warehousing and storage facilities, and a strong IT infrastructure, China is progressively emerging as one of the world's strongest players in logistics and transportation. A new era in China's economic history has begun as a result of the country's e-commerce sector's rapid growth. More than 38% of China's GDP was derived from its e-commerce sector. Furthermore, nearly one-fourth of Chinese goods were available online in 2020. This amount is significantly higher than the global average of 18%. Last year, more than half of all retail e-commerce sales worldwide were made with Chinese goods. Furthermore, owing to digitalization and automation in the industry, the nation's overall logistics sector has shown notable development. Thus, due to the factors mentioned above, the country's overall adoption of 3PL services has increased significantly.
Asia Pacific Third Party Logistics Market Revenue and Forecast to 2030 (US$ Billion)
Asia Pacific Third Party Logistics Market Segmentation
The Asia Pacific third party logistics market is categorized into mode of transports, services, end user, and country.
Based on mode of transports, the Asia Pacific third party logistics market is segmented into roadways, railways, waterways, and airways. The roadways segment held the largest market share in 2022.
In terms of services, the Asia Pacific third party logistics market is segmented into international transportation, warehousing, domestic transportation, inventory management, and others. The domestic transportation segment held the largest market share in 2022.
Based on end user, the Asia Pacific third party logistics market is segmented into automotive, healthcare, retail, consumer goods, and others. The others segment held the largest market share in 2022.
By country, the Asia Pacific third party logistics market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific third party logistics market share in 2022.
C H Robinson Worldwide Inc, DB Schenker, DSV AS, GEODIS SA, Kuehne + Nagel International AG, Nippon Express Co Ltd, Sinotrans Ltd, and United Parcel Service Inc are among the leading companies operating in the Asia Pacific third party logistics market.
Increasing Trends of Sustainability Boost Asia Pacific Third Party Logistics Market
Many large and medium-sized organizations are taking initiatives to optimize their business processes to reduce carbon footprints. The transportation and logistics sector is among the major contributors to carbon emissions, accounting for approximately 27% of the total emissions. Many third-party logistics firms are helping shippers improve mobility by planning more effective routes, using environmentally friendly modes of transportation, and occupying key places. Third-party logistics providers such as Borderline help reduce carbon emissions during the transportation stage of distribution by raising the fill rate per transport unit per tank of fuel, using higher-capacity vehicles, and performing routine maintenance of transport vehicles. While historically, the engineering of packing technologies has prioritized economic effectiveness and secure shipping over sustainability, many third-party logistics providers are rapidly moving to eco-friendly packaging to reduce their environmental impact. As recycled waste is used in the creation of eco-friendly packaging, fewer harmful resources are used, which lower overall carbon emissions. Initiatives like these that focus on reducing carbon footprints are aligning with organizations' business strategy, ultimately driving the third-party logistics industry. In addition, governments of developed nations are compelling organizations to adopt greener practices. As a result, many manufacturing companies are searching for third-party logistics providers that have introduced eco-friendly efforts in light of this trend. Some of the practices involve minimizing waste production, lowering the carbon footprint of transportation, and adopting recyclable or environmentally friendly packaging.
Asia Pacific Third Party Logistics Market Overview
Continuously growing economies and penetration of e-commerce are driving the market. Owing to growth in the industrial, manufacturing, and agriculture sectors in developing economies such as India, Malaysia, and Singapore, the logistics activities in the region are increasing. Further, government initiatives to promote the logistics sector and develop infrastructure are some supporting factors for the market growth. In 2022, the Asian Development Bank (ADB) authorized a $ 250 million policy-based loan to help the Indian government's goal of strengthening the country's logistics infrastructure and lowering costs. The factors mentioned above are anticipated to drive the market in the near future. With factors such as favorable government regulations, excellent road, rail, and transportation infrastructure, a vast network of warehousing and storage facilities, and a strong IT infrastructure, China is progressively emerging as one of the world's strongest players in logistics and transportation. A new era in China's economic history has begun as a result of the country's e-commerce sector's rapid growth. More than 38% of China's GDP was derived from its e-commerce sector. Furthermore, nearly one-fourth of Chinese goods were available online in 2020. This amount is significantly higher than the global average of 18%. Last year, more than half of all retail e-commerce sales worldwide were made with Chinese goods. Furthermore, owing to digitalization and automation in the industry, the nation's overall logistics sector has shown notable development. Thus, due to the factors mentioned above, the country's overall adoption of 3PL services has increased significantly.
Asia Pacific Third Party Logistics Market Revenue and Forecast to 2030 (US$ Billion)
Asia Pacific Third Party Logistics Market Segmentation
The Asia Pacific third party logistics market is categorized into mode of transports, services, end user, and country.
Based on mode of transports, the Asia Pacific third party logistics market is segmented into roadways, railways, waterways, and airways. The roadways segment held the largest market share in 2022.
In terms of services, the Asia Pacific third party logistics market is segmented into international transportation, warehousing, domestic transportation, inventory management, and others. The domestic transportation segment held the largest market share in 2022.
Based on end user, the Asia Pacific third party logistics market is segmented into automotive, healthcare, retail, consumer goods, and others. The others segment held the largest market share in 2022.
By country, the Asia Pacific third party logistics market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific third party logistics market share in 2022.
C H Robinson Worldwide Inc, DB Schenker, DSV AS, GEODIS SA, Kuehne + Nagel International AG, Nippon Express Co Ltd, Sinotrans Ltd, and United Parcel Service Inc are among the leading companies operating in the Asia Pacific third party logistics market.
1. INTRODUCTION
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. ASIA PACIFIC THIRD PARTY LOGISTICS MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
5. ASIA PACIFIC THIRD PARTY LOGISTICS MARKET - KEY INDUSTRY DYNAMICS
5.1 Asia Pacific Third Party Logistics Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing Need for Overall Operational Cost Reduction, Delivery Management, and Better Operational Efficiency
5.2.2 Surging Adoption of E-Commerce
5.2.3 Benefits of Managing Seasonal Variations of Products
5.3 Market Restraints
5.3.1 Reduced Control of Manufacturer
5.4 Market Opportunities
5.4.1 Increasing Trends of Sustainability
5.5 Future Trends
5.5.1 Implementation of Software Solutions and Adoption of Big Data Analytics
5.6 Impact of Drivers and Restraints:
6. THIRD PARTY LOGISTICS MARKET - ASIA PACIFIC MARKET ANALYSIS
6.1 Asia Pacific Third Party Logistics Market Revenue (US$ Billion), 2020 – 2030
6.2 Asia Pacific Third Party Logistics Market Forecast and Analysis
7. ASIA PACIFIC THIRD PARTY LOGISTICS MARKET ANALYSIS – MODE OF TRANSPORTS
7.1 Asia Pacific Third Party Logistics Market, By Mode of Transports (2022 and 2030)
7.2 Roadways
7.2.1 Overview
7.2.2 Roadways Market, Revenue and Forecast to 2030 (US$ Billion)
7.3 Railways
7.3.1 Overview
7.3.2 Railways Market, Revenue and Forecast to 2030 (US$ Billion)
7.4 Waterways
7.4.1 Overview
7.4.2 Waterways Market, Revenue and Forecast to 2030 (US$ Billion)
7.5 Airways
7.5.1 Overview
7.5.2 Airways Market, Revenue and Forecast to 2030 (US$ Billion)
8. ASIA PACIFIC THIRD PARTY LOGISTICS MARKET ANALYSIS – SERVICES
8.1 Asia Pacific Third Party Logistics Market, By Services (2022 and 2030)
8.2 International Transportation
8.2.1 Overview
8.2.2 International Transportation Market, Revenue and Forecast to 2030 (US$ Billion)
8.3 Warehousing
8.3.1 Overview
8.3.2 Warehousing Market, Revenue and Forecast to 2030 (US$ Billion)
8.4 Domestic Transportation
8.4.1 Overview
8.4.2 Domestic Transportation Market, Revenue and Forecast to 2030 (US$ Billion)
8.5 Inventory Management
8.5.1 Overview
8.5.2 Inventory Management Market, Revenue and Forecast to 2030 (US$ Billion)
8.6 Others
8.6.1 Overview
8.6.2 Others Market, Revenue and Forecast to 2030 (US$ Billion)
9. ASIA PACIFIC THIRD PARTY LOGISTICS MARKET ANALYSIS – END USER
9.1 Asia Pacific Third Party Logistics Market, By End user (2022 and 2030)
9.2 Automotive
9.2.1 Overview
9.2.2 Automotive Market, Revenue and Forecast to 2030 (US$ Billion)
9.3 Healthcare
9.3.1 Overview
9.3.2 Healthcare Market, Revenue and Forecast to 2030 (US$ Billion)
9.4 Retail
9.4.1 Overview
9.4.2 Retail Market, Revenue and Forecast to 2030 (US$ Billion)
9.5 Consumer Goods
9.5.1 Overview
9.5.2 Consumer Goods Market, Revenue and Forecast to 2030 (US$ Billion)
9.6 Others
9.6.1 Overview
9.6.2 Others Market, Revenue and Forecast to 2030 (US$ Billion)
10. ASIA PACIFIC THIRD PARTY LOGISTICS MARKET - COUNTRY ANALYSIS
10.1 Asia Pacific
10.1.1 Asia Pacific Third Party Logistics Market Revenue and Forecasts and Analysis - By Country
10.1.1.1 Australia Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.1.1.1 Australia Third Party Logistics Market Breakdown by Mode of Transports
10.1.1.1.2 Australia Third Party Logistics Market Breakdown by Services
10.1.1.1.3 Australia Third Party Logistics Market Breakdown by End user
10.1.1.2 China Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.1.2.1 China Third Party Logistics Market Breakdown by Mode of Transports
10.1.1.2.2 China Third Party Logistics Market Breakdown by Services
10.1.1.2.3 China Third Party Logistics Market Breakdown by End user
10.1.1.3 India Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.1.3.1 India Third Party Logistics Market Breakdown by Mode of Transports
10.1.1.3.2 India Third Party Logistics Market Breakdown by Services
10.1.1.3.3 India Third Party Logistics Market Breakdown by End user
10.1.1.4 Japan Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.1.4.1 Japan Third Party Logistics Market Breakdown by Mode of Transports
10.1.1.4.2 Japan Third Party Logistics Market Breakdown by Services
10.1.1.4.3 Japan Third Party Logistics Market Breakdown by End user
10.1.1.5 South Korea Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.1.5.1 South Korea Third Party Logistics Market Breakdown by Mode of Transports
10.1.1.5.2 South Korea Third Party Logistics Market Breakdown by Services
10.1.1.5.3 South Korea Third Party Logistics Market Breakdown by End user
10.1.1.6 Rest of Asia Pacific Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.1.6.1 Rest of Asia Pacific Third Party Logistics Market Breakdown by Mode of Transports
10.1.1.6.2 Rest of Asia Pacific Third Party Logistics Market Breakdown by Services
10.1.1.6.3 Rest of Asia Pacific Third Party Logistics Market Breakdown by End user
11. INDUSTRY LANDSCAPE
11.1 Overview
11.2 Market Initiative
11.3 Mergers & Acquisitions
12. COMPANY PROFILES
12.1 Sinotrans Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 DB Schenker
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 GEODIS SA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 United Parcel Service Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Kuehne + Nagel International AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 C H Robinson Worldwide Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 DSV AS
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Nippon Express Co Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. APPENDIX
13.1 About The Insight Partners
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. ASIA PACIFIC THIRD PARTY LOGISTICS MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
5. ASIA PACIFIC THIRD PARTY LOGISTICS MARKET - KEY INDUSTRY DYNAMICS
5.1 Asia Pacific Third Party Logistics Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing Need for Overall Operational Cost Reduction, Delivery Management, and Better Operational Efficiency
5.2.2 Surging Adoption of E-Commerce
5.2.3 Benefits of Managing Seasonal Variations of Products
5.3 Market Restraints
5.3.1 Reduced Control of Manufacturer
5.4 Market Opportunities
5.4.1 Increasing Trends of Sustainability
5.5 Future Trends
5.5.1 Implementation of Software Solutions and Adoption of Big Data Analytics
5.6 Impact of Drivers and Restraints:
6. THIRD PARTY LOGISTICS MARKET - ASIA PACIFIC MARKET ANALYSIS
6.1 Asia Pacific Third Party Logistics Market Revenue (US$ Billion), 2020 – 2030
6.2 Asia Pacific Third Party Logistics Market Forecast and Analysis
7. ASIA PACIFIC THIRD PARTY LOGISTICS MARKET ANALYSIS – MODE OF TRANSPORTS
7.1 Asia Pacific Third Party Logistics Market, By Mode of Transports (2022 and 2030)
7.2 Roadways
7.2.1 Overview
7.2.2 Roadways Market, Revenue and Forecast to 2030 (US$ Billion)
7.3 Railways
7.3.1 Overview
7.3.2 Railways Market, Revenue and Forecast to 2030 (US$ Billion)
7.4 Waterways
7.4.1 Overview
7.4.2 Waterways Market, Revenue and Forecast to 2030 (US$ Billion)
7.5 Airways
7.5.1 Overview
7.5.2 Airways Market, Revenue and Forecast to 2030 (US$ Billion)
8. ASIA PACIFIC THIRD PARTY LOGISTICS MARKET ANALYSIS – SERVICES
8.1 Asia Pacific Third Party Logistics Market, By Services (2022 and 2030)
8.2 International Transportation
8.2.1 Overview
8.2.2 International Transportation Market, Revenue and Forecast to 2030 (US$ Billion)
8.3 Warehousing
8.3.1 Overview
8.3.2 Warehousing Market, Revenue and Forecast to 2030 (US$ Billion)
8.4 Domestic Transportation
8.4.1 Overview
8.4.2 Domestic Transportation Market, Revenue and Forecast to 2030 (US$ Billion)
8.5 Inventory Management
8.5.1 Overview
8.5.2 Inventory Management Market, Revenue and Forecast to 2030 (US$ Billion)
8.6 Others
8.6.1 Overview
8.6.2 Others Market, Revenue and Forecast to 2030 (US$ Billion)
9. ASIA PACIFIC THIRD PARTY LOGISTICS MARKET ANALYSIS – END USER
9.1 Asia Pacific Third Party Logistics Market, By End user (2022 and 2030)
9.2 Automotive
9.2.1 Overview
9.2.2 Automotive Market, Revenue and Forecast to 2030 (US$ Billion)
9.3 Healthcare
9.3.1 Overview
9.3.2 Healthcare Market, Revenue and Forecast to 2030 (US$ Billion)
9.4 Retail
9.4.1 Overview
9.4.2 Retail Market, Revenue and Forecast to 2030 (US$ Billion)
9.5 Consumer Goods
9.5.1 Overview
9.5.2 Consumer Goods Market, Revenue and Forecast to 2030 (US$ Billion)
9.6 Others
9.6.1 Overview
9.6.2 Others Market, Revenue and Forecast to 2030 (US$ Billion)
10. ASIA PACIFIC THIRD PARTY LOGISTICS MARKET - COUNTRY ANALYSIS
10.1 Asia Pacific
10.1.1 Asia Pacific Third Party Logistics Market Revenue and Forecasts and Analysis - By Country
10.1.1.1 Australia Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.1.1.1 Australia Third Party Logistics Market Breakdown by Mode of Transports
10.1.1.1.2 Australia Third Party Logistics Market Breakdown by Services
10.1.1.1.3 Australia Third Party Logistics Market Breakdown by End user
10.1.1.2 China Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.1.2.1 China Third Party Logistics Market Breakdown by Mode of Transports
10.1.1.2.2 China Third Party Logistics Market Breakdown by Services
10.1.1.2.3 China Third Party Logistics Market Breakdown by End user
10.1.1.3 India Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.1.3.1 India Third Party Logistics Market Breakdown by Mode of Transports
10.1.1.3.2 India Third Party Logistics Market Breakdown by Services
10.1.1.3.3 India Third Party Logistics Market Breakdown by End user
10.1.1.4 Japan Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.1.4.1 Japan Third Party Logistics Market Breakdown by Mode of Transports
10.1.1.4.2 Japan Third Party Logistics Market Breakdown by Services
10.1.1.4.3 Japan Third Party Logistics Market Breakdown by End user
10.1.1.5 South Korea Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.1.5.1 South Korea Third Party Logistics Market Breakdown by Mode of Transports
10.1.1.5.2 South Korea Third Party Logistics Market Breakdown by Services
10.1.1.5.3 South Korea Third Party Logistics Market Breakdown by End user
10.1.1.6 Rest of Asia Pacific Third Party Logistics Market Revenue and Forecasts to 2030 (US$ Bn)
10.1.1.6.1 Rest of Asia Pacific Third Party Logistics Market Breakdown by Mode of Transports
10.1.1.6.2 Rest of Asia Pacific Third Party Logistics Market Breakdown by Services
10.1.1.6.3 Rest of Asia Pacific Third Party Logistics Market Breakdown by End user
11. INDUSTRY LANDSCAPE
11.1 Overview
11.2 Market Initiative
11.3 Mergers & Acquisitions
12. COMPANY PROFILES
12.1 Sinotrans Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 DB Schenker
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 GEODIS SA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 United Parcel Service Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Kuehne + Nagel International AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 C H Robinson Worldwide Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 DSV AS
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Nippon Express Co Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. APPENDIX
13.1 About The Insight Partners
