Market Size of South Africa Third-Party Logistics (3PL) Industry
|Study Period||2019 - 2028|
|Base Year For Estimation||2022|
|Market Size (2023)||USD 5.62 Billion|
|Market Size (2028)||USD 7.75 Billion|
|CAGR (2023 - 2028)||6.64 %|
*Disclaimer: Major Players sorted in no particular order
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South Africa Third Party Logistics (3PL) Market Analysis
The South Africa Third-Party Logistics (3PL) market size is estimated at USD 5.62 billion in 2023, and is expected to reach USD 7.75 billion by 2028, growing at a CAGR of 6.64% during the forecast period (2023-2028).
The growth in the market is driven by the growth in the intra-continental trade. Moreover, the change in the consumption patterns and growth in the e-commerce orders also form a part of drivers of the market growth with the higher generation of demand for logistics services.
South Africa being relatively under-developed in the logistics sector, is expecting huge and fast changes in the coming decade. These are supported by the government regulations, increasing outsourcing of the services by the companies and increasing consumer expectations of better service.