Fourth Party Logistics Market 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): Global Opportunity Analysis and Industry Forecast, 2021-2031
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 sector, 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 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.
The fourth party logistics market is segmented on the basis of type, end-user, and region. On the basis of type, the market is categorized into industry innovator model, solution integrator model, and synergy plus operating model. On the basis of end user, it is divided into aerospace & defense, automotive, consumer electronics, food & beverages, industrial, retail, healthcare, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
4PL Group, 4PL Central Station, 4PL Consultancy Ltd., A.P. Moller – Maersk, Accenture, Allyn International Services, Inc., C.H. Robinson Worldwide, Inc., CEVA Logistics, DB Schenker, Deutsche Post AG, DSV, GEFCO, GEODIS, Global4PL, Logistics Plus Inc., Orkestra SCS, Phoenix Freight Systems, Primary Connect, Rhenus Group, and XPO Logistics Inc. are some of the leading players operating in the fourth party logistics (4PL) market.
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.
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