Market Share of 3PL Industry
The Third-Party Logistics (3PL) Market is fragmented and highly competitive, with several large companies strategically forming alliances with mid-sized or small-sized companies to leverage their regional capabilities in logistics. Major regional players have been observed to venture into new regions, allowing the companies to improve their geographic reach. New competitors are entering the global 3PL market with customized and industry-specific services. Major global 3PL companies include Agility, CEVA Logistics, DB Schenker, and DHL. The global 3PL companies have been showing a willingness to partner with other players to reduce costs and leverage on mutual competitive advantage. Additionally, technology adoption has also helped reduce operational costs and improve efficiency.
Third Party Logistics (3PL) Market Leaders
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Agility
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Ceva Logistics
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DB Schenker Logistics
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DHL
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Kerry Logistics
*Disclaimer: Major Players sorted in no particular order
