3PL logistics industry revenue worldwide 2010-2022
Between 2010 and 2022, 3PL revenue fluctuated with the amount reaching 1.48 trillion U.S. dollars in 2022.
Global 3PL market
Third-party logistics (3PL) refers to the outsourcing of the logistics operations of a firm for either distribution, warehousing, or fulfilment services. Usually smaller and medium-sized firms benefit from 3PL services more. Compared to integrated logistics, 3PL has several desirable characteristics for a firm to use, such as cost and time savings, low capital commitment, focus on the firm’s operation and flexibility. In a simple term, division of labor amongst different markets and firms.The Asia Pacific 3PL market is the largest one worldwide in a regional comparison, which made over 389 billion U.S. dollars in 2020. The expanding interconnectedness of the global economy contributes immensely to the enlargement of revenue streams in the 3PL market. In 2020, DHL Supply Chain & Global Forwarding, Kuehne + Nagel, DB Schenker were the three leading 3PL providers globally based on gross logistics revenue. For instance, DB Schenker generated approximately 20.7 billion U.S. dollars in revenue.
Nippon Express is the fourth leading 3PL firm in the world
Based in Tokyo, Japan, Nippon Express was founded in 1937 and provides global logistics services. At first, Nippon Express was established as a semi-government logistics service in Japan, which over many years turned into a public limited company while expanding its global operations and dominance. One of the main specialization of the company include 3PL services and the company generated most of its revenue from the 3PL services provided. In 2020, the company was the eigth leading airfreight forwarder based on the volume of freights transported globally. During the same period, Nippon Express’s sales amounted to 18.8 billion U.S. dollars.
