Market Size of Russia 3PL Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 35.71 Billion |
| Market Size (2029) | USD 46.97 Billion |
| CAGR (2024 - 2029) | 5.63 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Russia Third-Party Logistics (3PL) Market Analysis
The Russia 3PL Market size is estimated at USD 35.71 billion in 2024, and is expected to reach USD 46.97 billion by 2029, growing at a CAGR of 5.63% during the forecast period (2024-2029).
- The Russia-Ukraine conflict has affected the 3PL market on every level. The effects of the pandemic on warehouse capacity and container availability had just recently started fading when the Russia-Ukraine war started impacting the industry. The war impeded the flow of goods and fuelled cost increases and product shortages. The supply chain disruptions have increased freight charges, created container shortages, and lowered the availability of warehousing space.
- According to experts, the logistics sector in Russia accounts for more than 15% of the economy while the 3PL market accounts for less than 10% of the logistics' share of GDP. While the 3PL services account for more than 50% share in the markets, such as China and other Western European countries, they account for less than one-third of the share in Russia. The lack of maturity in the market also opens it up for international investment and expertise.
- The emergence of Big Data and the availability of industry-specific logistics services are expected to be key driving factors in boosting the industry's growth in the next few years. The implementation of automatic systems has led to improved logistics performance and increased efficiency. The producers of raw materials, such as chemicals and minerals, have developed their own insourced logistics network structures due to the lack of specialized logistics providers in the market. Outsourcing logistics services in commercial organizations in Russia has considerable potential. Companies are looking for outsourcing more and more logistics services to achieve greater cost-effectiveness.
- The Russian government is actively investing in the country's infrastructure development by establishing better roads, rail, and waterways within the country and with other countries. Russia spend USD 6.8 billion from the wealth fund on infrastructure projects in 2022. Moscow has previously announced that it plans to invest in creating new highways and expanding its railway network which will significantly boost the market.
