Dublin, Nov. 01, 2022 (GLOBE NEWSWIRE) -- The "Fourth Party Logistics Market By Type, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The management of acquiring, storing, and transporting of resources to its final destination is called logistics and outsourcing of logistics operations to a single partner who is responsible for designing, building, assessing, and measuring of the integrated supply chain solutions for the client, which is referred to as fourth-party logistics.
The 4PL assembles, supervises, and manages the combination of warehouses, IT providers, business process management, shipping companies, freight forwarders, and various other agents. It offers various functionality in the management of inbound dynamic logistics, raw material supply, and demand-driven logistics. Thus, the responsibility of 4PL goes far beyond just ensuring timely delivery.
At present, the growth of the e-commerce, retail, and manufacturing sectors, coupled with the digitalization of infrastructure, is driving the adoption of 4PL-based services globally. For instance, in May 2022, A.P. Moller - Maersk announced a partnership with Decathlon to enhance Decathlon's e-commerce capability by providing end-to-end logistics solutions with real-time tracking & visibility of each parcel via a single platform and cover the optimization of Decathlon's "last mile" delivery in Singapore.
Increase in demand for an easy & effective supply chain system and an increase in the complexities in the operation process drive the growth of the fourth party logistics market. In addition, rise in demand for customized solutions is also expected to drive the market growth.
However, factors such as reluctance of companies to outsource the logistics function and changes in logistics regulations in different countries are expected to hinder the growth of the market. Further, increase in demand for consumer electronics and growth in the e-commerce market are factors that are anticipated to foster the market growth.
KEY BENEFITS FOR STAKEHOLDERS
- This study presents analytical depiction of the global fourth party logistics market analysis along with current trends and future estimations to depict imminent investment pockets.
- The overall fourth party logistics market opportunity is determined by understanding profitable trends to gain a stronger foothold.
- The report presents information related to the key drivers, restraints, and opportunities of the global fourth party logistics market with a detailed impact analysis.
- The current fourth party logistics market is quantitatively analyzed from 2021 to 2031 to benchmark the financial competency.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments
By Type
- Industry Innovator Model
- Solution Integrator Model
- Synergy Plus Operating Model
By End User
- Aerospace Defense
- Automotive
- Consumer Electronics
- Food Beverages
- Industrial
- Retail
- Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- 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.
- XPO Logistics, Inc.
Key Findings of the Study
- By type, the industry innovator model segment dominated the global fourth party logistics market, in terms of growth rate.
- On the basis of end user, the consumer electronics segment is anticipated to exhibit a remarkable growth during the forecast period.
- By region, Europe is anticipated to exhibit a remarkable growth during the forecast period.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FOURTH PARTY LOGISTICS MARKET, BY TYPE
CHAPTER 5: FOURTH PARTY LOGISTICS MARKET, BY END USER
CHAPTER 6: FOURTH PARTY LOGISTICS MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
Companies Mentioned
- 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.
- Xpo Logistics, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/qgc1z5
