The report added to ResearchAndMarkets.com indicates the global Third-party Logistics (3PL) Market, valued at USD 1.5 trillion in 2022, is expected to grow with a 9.9% CAGR through 2028. Factors such as asset utilization, technological advancements, and increased e-commerce are driving growth. Kestraa, a Brazilian logistics startup, recently secured $2.7 million in funding for its cloud-based freight-management software. The report highlights the critical role of last-mile delivery and the adoption of advanced warehouse management systems in the competitive logistics sector.
Frequently Asked Questions about the Global Third-party Logistics (3PL) Market
What is the forecasted size of the Global Third-party Logistics (3PL) Market by 2028?
While the exact figures are not available in the snippets, it can be assumed that the market is expected to significantly expand by 2028, considering it was valued at $1.5 trillion in 2022 (as indicated by the Globe Newswire link).
What are the key trends in the Global Third-party Logistics (3PL) Market for 2023-2028?
Key trends include a focus on reducing last-mile delivery distances, leveraging fast data, and the rise of connectivity solutions that are revolutionizing supply chain and logistics operations.
What are some growth prospects for the Third-party Logistics (3PL) Market?
Growth prospects for the market might include expanding into new geographical regions, improvements in logistics efficiency, and increased adoption of technology in logistics processes.
What factors are driving the growth of the 3PL market in Mexico?
Specific factors driving growth in Mexico's 3PL market are not detailed in the snippets, but there is a report titled "3PL Mexico Market Report (2023-2028)" by Mordor Intelligence that suggests significant growth, with projected revenues to reach USD 33.69 billion by 2028.
How are third-party logistics (3PL) companies adapting to current market conditions?
3PL providers are likely adapting by implementing advanced technologies for better data analytics, improving warehouse and transportation management systems, and possibly expanding service offerings to meet the demands of e-commerce.
What role does technology play in the current growth of the 3PL market?
Technology plays a critical role in the growth of the 3PL market through the implementation of logistics and supply chain management software, real-time tracking and visibility systems, and the use of artificial intelligence and robotics for warehouse automation.
What is the significance of the Southeast Asian Third-party Logistics (3PL) market?
Although details from the link are limited, the marker indicates the presence of a research report forecasting the Southeast Asia 3PL market. This implies that Southeast Asia possesses significant potential and opportunities for the expansion and growth of 3PL services, likely due to its strategic location, emerging economies, and evolving retail and manufacturing industries.