3PL market projected to grow from $1.247T in 2023 to $2.607T by 2032, driven by supply chain complexity, e-commerce, and tech advancements.

The global Third Party Logistics (3PL) market is projected to grow from USD 1,247.85 billion in 2023 to approximately USD 2,606.82 billion by 2032. This growth is driven by increasing supply chain complexity, e-commerce expansion, and technological advancements. Key segments include various transport methods and service categories. Prominent players like UPS, XPO Logistics, and DHL are investing in technology to meet rising demand. The UK market is also expected to grow significantly, reaching USD 59.2 billion by 2032.

September 24, 2024
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