Technology Third Party Logistics (3PL) Market Size | Page 2

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Geographically, the Asia-Pacific third party logistics (3PL) market dominated the global market in 2014. The
regional market is projected to reach USD 390 billion by 2024 growing at a healthy CAGR of over 6 % from 2015
to 2024. The European 3PL market is anticipated to reach USD 212 billion by 2024 growing at a CAGR of over
3 % during the estimated years.
The North American regional market is said to reach USD 270 billion by 2024. The region is expected to witness
lucrative growth opportunities on account of steadily decreasing transportation charges and labor costs in the
United States as well as Mexico. In addition to this, rapid improvement in technology logistics software is said
to boost the growth of the market across the region in the next few years.
The major players in the third party logistics (3PL) market are Expeditors International; UPS Supply Chain
Solutions; and Kuehne + Nagel International AG.
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