According to the research report, the global 4PL logistics market size & share was valued at USD 49.84 Billion in 2021 and is expected to reach USD 89.95 Billion by 2030, to grow at a CAGR of 7.1% during the forecast period.
Fourth party logistics, better known as 4PL, is an operational model in which a business deploys its total supply chain management and logistics to one service provider that is external. Far from 3PL, which overlooks part of supply chain operations for a business, a 4PL provider is usually the single point of approach for supply chain management. This provider has a wide-ranging scope of accountability that involves handling resources, infrastructure, and technology and offering deliberated management and insights.
The 4PL logistics involves contracting out all operational tasks and supply chain management to a logistics business. 4PL companies conduct themselves more like trusted consultants, perpetually offering a comprehensive image of the supply chain. These factors warrant 4PL organizations to provide recommendations, information and value-added services that are strategic depending on the objectives of the company. 4PL offers expertise that is end to end in distribution, warehousing, information technology, freight management and manages each element when structuring best-fit solutions. When independent suppliers are approached by the businesses directly for their infrastructure requirements and services, they often discover themselves acquiring products that the vendors are yearning to sell to them.
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Key highlights of the report
- The study offers an analytical depiction of the global 4PL logistics market analysis with the prevalent tendencies and estimation of the future to represent impending pockets of investments.
- The report showcases details connected to restraints, key drivers, and opportunities of the global 4PL logistics market with an impact analysis that is detailed
- The prevalent logistics market is quantitatively analyzed in the forecast period to specify the financial proficiency
- Porter’s five forces analysis exemplifies the strength of the suppliers and buyers in the industry
Top Companies in Global Market:
- 4PL Group
- 4PL Insights
- Accenture Consulting
- Allyn International Services Inc.
- C.H Robinson Worldwide Ltd.
- CEVA Logistics
- DAMCO
- DB Schenker
- Deloitte
- Deutsche Post AG
- GEFCO Group
- Global 4PL Supply Chain Services
- Logistics Plus Inc.
- Panalpina World Transport
- United Parcel Service Inc.
- XPO Logistics Inc
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4PL logistics market: Growth leading factors
Recently, the manufacturing industry has seen speedy growth because of considerable foreign direct investment (FDI), particularly in developing economies. The evolution in the manufacturing industry is anticipated to intensify technological advancements to enhance the plant’s productivity, encounter the customers’ demands, and acquire a competitive advantage. The automotive industry has the best supply chains within the manufacturing sectors, including innumerable suppliers proliferated over numerous continents and countries. Therefore, a service-guided, robust, and systematic transport management process is required. The requirement for an organized supply chain system for the manufacturing sector materializes to be impending as 4PL logistics contributors concentrate on all sides of supply chain management and offer evolved and guaranteed goods management of goods from line of production to the consumer and vice versa.
The speedy shift towards innovation and integration of industry is one of the key factors pushing the growth of the 4PL logistics market. This market is fast appearing as the most inventive manifestation of outsourcing and securing a complicated logistics structure for seamless operation. It manages the entire process-to-pay system involving the handling of raw material supply that is inbound, logistics that are dynamic, logistics that are demand-driven, and global distribution. It also manages packaging, storage, and timely transportation of brutal and decaying products.
Due to the covid-19 pandemic, the interference in the supply chain and logistics operations is impacting the market’s growth. The global economy has been affected by directly influencing demand and production, generating market disruption and supply chain, and the fiscal impact on financial markets and organizations.
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Global 4PL logistics market: Report Scope
|
Report Attribute |
Details |
|
Market Size 2021 Value |
USD 49.84 billion |
|
Market Outlook for 2030 |
USD 89.95 billion |
|
Expected CAGR Growth |
7.1% from 2022-2030 |
|
Base year |
2021 |
|
Forecast period |
2022 – 2030 |
|
Segments covered |
By Type, By End-User, By Region |
|
Key Companies |
4PL Group, 4PL Insights, Accenture Consulting, Allyn International Services, Inc., C.H Robinson Worldwide, Ltd., CEVA Logistics, DAMCO, DB Schenker, Deloitte, Deutsche Post AG, GEFCO Group, Global4PL Supply Chain Services, Logistics Plus Inc., Panalpina World Transport, United Parcel Service, Inc., and XPO Logistics, Inc. |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
|
Customization Options |
Customized purchase options are available to meet your research needs. |
4PL logistics market: Key segmentation
- Insight by type, end-user, and region
By type, the solution integrator model segment holds the largest share due to the supply chain’s optimization and guaranteeing the best customer service. By end-user, the retail segment dominates the market because of the retailers making alternative supply chains to realize both physical and online demand.
By region, Asia Pacific is considered the most significant share of the global market. E-commerce is gaining traction amongst emerging nations owing to massive industry share. North America is predicted to come across an intensifying growth rate because of the high rate of corporate companies. The region is executing new technologies and platforms to encounter the growing demand for supply chain services.
Important Questions Being Answered by The Market Report
- What is the market size and growth?
- What is the influence of the post-covid-19 scenario in the 4PL logistics market?
- How can a logistic company’s sample report or company profile be obtained?
- What are the forthcoming trends in the 4PL logistics market?
- What practical plan of action do most top players embrace to raise their revenue in the logistics industry?
- Which region will offer additional business opportunities for the logistics industry in the time to come?
Browse the full “4PL Logistics Market Share, Size, Trends, Industry Analysis Report, By Type (Synergy Plus Operating Model, Solution Integrator Model, Industry Innovator Model), By End-User (Aerospace & Defense, Automotive, Consumer Electronics, Food & Beverages, Industrial, Healthcare, Retail, Others); By Region; Segment Forecast, 2022 – 2030” Report at https://www.polarismarketresearch.com/industry-analysis/fourth-party-logistics-market
The market primarily depends on the type, end-user, and region
4PL logistics market: By type
- Synergy Plus Operating Model
- Solution Integrator Model
- Industry Innovator Model
4PL logistics market: By end-user
- Aerospace &Defense
- Automotive
- Consumer Electronics
- Food & Beverages
- Industrial
- Healthcare
- Retail
- Others
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