12-Jul-2022 | Facts and Factors
According to Facts and Factors, The global 4PL Logistics market size was valued at USD 57,295.80 million in 2021 and is predicted to increase at a CAGR of 3.92% to USD 71,338.08 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.
The growing need for inbound logistic services, primarily from the manufacturing industry, as well as the growing desire for simple logistical procedures from distributors and producers, are the primary driving forces behind the market expansion. Furthermore, a variety of firms are offering improved customer service, flexibility, and total operational costs, which encourages businesses to use supply chain providers. Furthermore, the potential growth of the e-commerce sector is increasing the demand for these services for the delivery of small and large products, resulting in even more profitable market growth opportunities around the world. The worldwide 4PL logistics industry is expected to grow due to an increase in demand for a seamless supply chain to improve efficiency. Since it provides firms with simple supply chain operations, the 4PL supply chain is gaining a lot of popularity across numerous industries. The electronic industry's exponential growth is moving the industry forward. Consumer electronics companies are more likely to invest in third-party supply chains in order to provide doorstep delivery services to their customers.
Browse the full “4PL Logistics Market Size, Share, Growth Analysis Report By Type (Synergy Plus Operating Model, Solution Integrator Model, Industry Innovator Model), By End User (Automotive, Healthcare, Food and Beverage, Consumer Electronics, Aerospace and Defense, Retail, Industrial, Others), and By Region - Global Industry Insights, Comparative Analysis, Trends, Statistical Research, Market Intelligence, and Forecast 2022 – 2028" report at https://www.fnfresearch.com/4pl-logistics-market
The introduction of the fourth-party supply chain idea is a critical step toward eliminating the majority of the bottlenecks that plague the complicated global supply chain. Furthermore, the worldwide 4PL logistics market is expected to develop due to the rise of numerous end-users such as automotive, retail, food & beverage, healthcare, and consumer electronics, among others. Retailers, for example, build a parallel supply chain to meet both physical and online demands as the e-commerce sector grows and infrastructure in emerging economies is digitized. 4PL services assist retailers to gain a strategic view and better visibility of their inventory, allowing them to distribute supplies based on and in response to their customers' changing needs.
Segmental Overview
Based on the Type, the solution integrator model segment commanded the most market share. For the most part, all B2B companies use the solution integrator model to optimize their supply chains and provide the best possible client service. This form of business engagement with their 4PL service providers is preferred by consumers in the food and beverage and retail sectors.
Based on the End user, the retail segment is dominating the global market with the greatest revenue shares, resulting in the segment's global supremacy due to the introduction of innovative products and the expanding trend of e-commerce trading. Retailers are looking for a comprehensive supply chain solution that will allow them to produce new items, grow their regional presence, and improve their capabilities as a result of rising sales.
Regional Overview
North America, led by the United States, dominates the market. Fourth Party Logistics (4PL) is growing in the United States, thanks to the rise of Industry 4.0 and recent technical developments in the manufacturing sector. 4PL has emerged as an industry integrator and innovator as a result of digitalization. Early technological adoption in the region has enabled market players to leverage the potential of digital technologies, combining a complex network of supply chains across diverse industries into a centralized network. The emergence of dynamic logistics in the retail and consumer electronics industries in North America has increased the demand for inbound procurement.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 57,295.80 Million |
Projected Market Size in 2028 |
USD 71,338.08 Million |
CAGR Growth Rate |
3.92% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Allyn International Services, Inc., United Parcel Service, Inc., GEFCO Group, XPO Logistics, Inc., Deutsche Post AG, DB Schenker, DAMCO, Logistics Plus Inc., GEODIS, CEVA Logistics AG, and Others |
Key Segment |
By Type, End User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the major companies operating in the 4PL logistics market are Allyn International Services, Inc., United Parcel Service, Inc., GEFCO Group, XPO Logistics, Inc., Deutsche Post AG, DB Schenker, DAMCO, Logistics Plus Inc., GEODIS, CEVA Logistics AG and among others.
The global 4PL logistics market is segmented as follows:
By Type
- Synergy Plus Operating Model
- Solution Integrator Model
- Industry Innovator Model
By End User
- Automotive
- Healthcare
- Food and Beverage
- Consumer Electronics
- Aerospace and Defense
- Retail
- Industrial
- Others
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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