Global Fifth-party Logistics Market Size study & Forecast, by Type (Transportation, Warehousing, and Other Services) and Application (E-commerce, Traders, Logistics Company, and Others) and Regional Analysis, 2022-2029

Global Fifth-party Logistics Market Size study & Forecast, by Type (Transportation, Warehousing, and Other Services) and Application (E-commerce, Traders, Logistics Company, and Others) and Regional Analysis, 2022-2029

Global Fifth-party Logistics Market is valued at approximately USD 7.16 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2022-2029. Fifth-party Logistics also known as 5PL, is a system where an Organisation outsources all its supply chains to a logistics service provider. The 5PL company manages the different aspects of logistics management such as planning, organizing and implementing the client’s logistics solutions. The increasing expansion of the E-commerce Sector Worldwide and growing demand for efficient supply chain & management systems as well as strategic initiatives from leading market players are key factors accelerating the market growth.

The increasing expansion of the E-commerce industry is the key factor contributing to the growth of the Global Fifth Party Logistics Market. For instance, according to India Brand Equity Foundation (IBEF) – as of 2022, the Indian e-commerce market is estimated at USD 74.8 billion, and as per projections, India’s e-commerce market would grow to USD 350 billion by 2030. Moreover, according to Statista – in 2021, the revenue from retail e-commerce in the United States was estimated at USD 768 billion, and the market is projected to reach USD 1329.7 billion by 2025. Furthermore, the rapid adoption of smartphones, coupled with easy and low-cost access to technology are contributing to the expansion of the e-commerce industry worldwide. Also, rising international trade in post covid era and the growing number of technological advancements in the logistics sector would create lucrative growth prospects for the market over the forecast period. However, complexity in the supply chain coupled with stringent government compliances & policies impedes the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Fifth-party Logistics Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to the presence of leading market players and the rising expansion of the logistics & transportation sector in post covid era. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising adoption of the fifth party logistics sector in retail & FMCG sector as well as increasing penetration of leading market players in the region.

Major market player included in this report are:
5PL Logistics Solution
Bain & Company Inc.
Boston Consulting Group (BCG)
Deloitte Touche Tohmatsu Limited
DHL International
Maine Pointe
McKinsey & Company
MGL Global Logistics
Renaissance Network Reinvent
Toll Holdings Limited

Recent Developments in the Market:
 In October 2019, Germany-based freight forwarding company Rhenus Logistics announced its expansion into the Australasian territories. The company commenced Rhenus Logistics NZ, a major new subsidiary based in Auckland, New Zealand.

 In January 2022, Australia-based logistics service provider Toll Holdings opened a new office in the Philippines. This new office would enable the company to strengthen its Southeast Asia Supply Chain Network.

Global Fifth-party Logistics Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Transportation
Warehousing
Other Services
By Application
E-commerce
Traders
Logistics Company
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned

5PL Logistics Solution
Bain & Company Inc.
Boston Consulting Group (BCG)
Deloitte Touche Tohmatsu Limited
DHL International
Maine Pointe
McKinsey & Company
MGL Global Logistics
Renaissance Network Reinvent
Toll Holdings Limited

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