E-Commerce and Continued Outsourcing are Fueling Global Third-Party Logistics Market Growth Driving 3PL Revenues to Over $1.1 Trillion by 2022
WEST ALLIS, WI, October 5, 2017 – As an expansion of our annual third-party logistics market analysis released this past June, Armstrong & Associates, Inc. (A&A) has developed global logistics cost and third-party logistics (3PL) revenue estimates with projections through fiscal year 2022. Our global 3PL market estimates cover seven major regions comprising 190 countries.
In 2016, the global third-party logistics market reached $802 billion and is on track to exceed $1.1 trillion in 2022. Global logistics costs were $8.2 trillion in 2016 and should surpass $11.1 trillion in 2022. Globally, the Asia Pacific region is the largest logistics market accounting for 39% of total global logistics costs and 38% of total global 3PL revenues.
In addition to global 3PL revenue and logistics spend estimates covering years 2010-2022, A&A’s “Global and Regional Infrastructure, Logistics Costs, and Third-Party Logistics Market Trends and Analysis” also covers: infrastructure’s role with a focus on Brazil, India and China; Fortune 500 Global 3PL revenues and growth by industry; e-commerce logistics costs, 3PL revenues and growth rates; 3PL market segment revenues by country and region; and logistics spend by country and region and by mode and function. Global “Top 3PL” lists are also included.
The complete report, complimentary for a limited time, and other A&A market research can be found at: https://www.3plogistics.com/product-category/guides-market-research-reports/market-research-reports/.
ABOUT ARMSTRONG & ASSOCIATES, INC.
Armstrong & Associates, Inc. (A&A) was established in 1980 to meet the needs of a newly deregulated domestic transportation market. Since then, through its leading Third-Party Logistics (3PL) market research and history of helping companies outsource logistics functions, A&A has become an internationally recognized key resource for 3PL market information and consulting.
A&A’s mission is to have leading proprietary supply chain knowledge and market research not available anywhere else. As proof of our continued work in supporting our mission, A&A’s 3PL market research is frequently cited in media articles, publications, and securities filings by publicly traded 3PLs. In addition, A&A’s email newsletter currently has over 42,000 subscribers globally.
A&A’s market research complements its consulting activities by providing continually updated data for analysis. Based upon its unsurpassed knowledge of the 3PL market and the operations of leading 3PLs, A&A has provided strategic planning consulting services to over 30 3PLs, supported 17 closed investment transactions, and provided advice to numerous companies looking to benchmark existing 3PL operations or outsource logistics functions.
For more information, please contact:
Evan Armstrong at +1-608-268-5860, or email Evan@3PLogistics.com.
Amy St. Peter at +1-414-545-3838, or email Amy@3PLogistics.com.
Armstrong & Associates, Inc.
10401 West Lincoln Avenue, Suite 207
West Allis, WI 53227 USA
Phone: +1-414-545-3838 Fax: +1-414-545-3906
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