The Canada 3PL market is projected to exhibit a growth rate (CAGR) of 4.60% during 2024-2032. The increasing e-commerce growth, the rising demand for efficient supply chain management, advancements in technology, rapid globalization, the growing need for cost-effective logistics solutions, and the expansion of trade agreements are some of the major factors driving the growth of the market.
Report Attribute
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Key Statistics
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Base Year
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2023 |
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 4.60% |
E-commerce Growth
The rapid expansion of e-commerce in Canada significantly boosts the demand for efficient logistics and fulfillment services. This is further prompting businesses to rely on 3PL providers to manage their supply chains and meet consumer expectations for fast and reliable deliveries. According to the International Trade Administration, in 2022, there were over 27 million eCommerce users in Canada, accounting for 75% of the Canadian population. This number is expected to grow to 77.6% in 2025. According to Statistics Canada, eCommerce retail trade sales in Canada amounted to an all-time high of US$3.82 billion in December 2020, surpassing the boost recorded in May 2020 (US$3.2 billion) due to the coronavirus pandemic lockdown measures. In March 2022, e-commerce sales amounted to approximately US$2.34 billion. It is estimated that retail eCommerce sales will total US$40.3 billion by 2025. Retailers are investing in digital platforms to reach consumers dispersed over a vast landmass while responding to competition from websites, such as Amazon Canada. Fifty-nine percent of Canadian shoppers use credit cards when shopping online and a further 20% use PayPal. Digital wallets are steadily increasing and are estimated to account for 27% of online payments by 2025.
Technological Advancements
The widespread adoption of advanced technologies like IoT, AI, and automation in logistics operations improves tracking, inventory management, and route optimization which is acting as a major growth-inducing factor. 3PL providers leveraging these technologies offer enhanced services, driving their demand in the market. For instance, in April 2024, Oracle launched updated artificial intelligence (AI) capabilities in its Oracle Fusion Cloud Supply Chain & Manufacturing platform. The software company added new AI capabilities in a bid to help companies increase efficiencies throughout their operations. The tactic has been popular among supply chain software providers, who have added AI features promising to help with a broad range of rote tasks, such as risk prediction or inventory visibility.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on mode, services, and end use.
Mode Insights:
The report has provided a detailed breakup and analysis of the market based on the mode. This includes roadways, railways, waterways, and airways.
Services Insights:
A detailed breakup and analysis of the market based on the services have also been provided in the report. This includes dedicated contract carriage (DCC)/freight forwarding, domestic transportation management (DTM), international transportation management (ITM), warehousing and distribution, value added logistics services (VALS).
End Use Insights:
The report has provided a detailed breakup and analysis of the market based on the end use. This includes automotive, manufacturing, chemical, retail, healthcare and pharmaceuticals, construction, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Ontario, Quebec, Alberta, British Columbia, and others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Modes Covered | Roadways, Railways, Waterways, Airways |
Services Covered | Dedicated Contract Carriage (DCC)/Freight Forwarding, Domestic Transportation Management (DTM), International Transportation Management (ITM), Warehousing and Distribution, Value Added Logistics Services (VALs) |
End Uses Covered | Automotive, Manufacturing, Chemical, Retail, Healthcare and Pharmaceuticals, Construction, Others |
Regions Covered | Ontario, Quebec, Alberta, British Columbia, Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |