Business

Global Logistics Services (3PL & 4PL) Market 2019 is growing at a CAGR of 1.9% upto 2024 and expected to reach around USD 880 million globally by 2024

Global Logistics Services (3PL & 4PL) Market
Global Logistics Services (3PL & 4PL) Market

The 3PLs of today can provide a much broader range of services than they used to. It used to be that their primary focus was on warehousing and shipping, so if you sent them your product they would store it and ship it for you. Now, 3PLs can handle almost your entire business. This includes not only the complete supply chain cycle, but also such functions as customer service, order management, sales support, ecommerce and IT integration.

A 4PL is an independent, singularly accountable, non-asset based integrator of clients’ supply and demand chains. The 4PL’s role is to implement and manage a value creating business solution through control of time and place utilities and influence on form and possession utilities within the client organization.

Market growth has been driven by both increased economic activity and the continued trend in outsourcing of logistics activities to third-parties, both new outsourcers and companies outsourcing more activities to third-parties. The largest region in terms of outsourced logistics market size is Asia Pacific, followed by Europe and North America, with the Asia Pacific region having experienced faster growth in logistics market value than other regions. Outsourcing penetration is highest in Europe, but levels are increasing quickly in Asia Pacific.

Dedicated e-commerce warehousing and distribution contracts are increasingly being awarded to logistics providers. A key trend in the global logistics industry is the provision of value-added services and bespoke solutions. Logistics providers are increasing their focus on specific industry sectors such as high-technology, automotive and pharmaceuticals, and offering additional value-added services that make their services more relevant for client needs.

According to this study, over the next five years the Logistics Services (3PL & 4PL) market will register a 1.9% CAGR in terms of revenue, the global market size will reach US$ 880 million by 2024, from US$ 790 million in 2019.

Global Logistics Services (3PL & 4PL) Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Logistics Services (3PL & 4PL) Industry report also provides essential attributes associated with Logistics Services (3PL & 4PL) market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.

Obtain the Brochure of the Report: https://www.apexmarketsresearch.com/report/global-logistics-services-3pl-and-4pl-market-by-product-89470/#sample

Global Logistics Services (3PL & 4PL) Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Logistics Services (3PL & 4PL) business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Logistics Services (3PL & 4PL) market in-depth outlook by analyzing historical statistics and future prospect.

TOP MOST PLAYERS:

DHL Supply Chain & Global Forwarding
Kuehne + Nagel
DB Schenker Logistics
Nippon Express
C.H. Robinson Worldwide
UPS Supply Chain Solutions
DSV
Sinotrans
CEVA Logistics
Expeditors International of Washington
Dachser
Panalpina
GEODIS
Toll Holdings
J.B. Hunt (JBI, DCS & ICS)
Hitachi Transport System
XPO Logistics
GEFCO
Yusen Logistics
Agility

Market Segment by Type, covers:
Transportation
Warehousing
Value-added Services
Lead Logistics Provider Services/4PL
Other

Market Segment by Applications, can be divided into:
Consumer Goods
Healthcare
Industrial
Elements
Food, Groceries
Automotive
Technological
Retailing
Other

Buying Inquiry: https://www.apexmarketsresearch.com/report/global-logistics-services-3pl-and-4pl-market-by-product-89470/#inquiry

The prospective of this Logistics Services (3PL & 4PL) industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Logistics Services (3PL & 4PL) present market share and future prospects of the segment in terms of has also been explored in this report.

Global Logistics Services (3PL & 4PL) market report showcases qualitative and quantitative estimation by industry analysts, first-hand data, and assistance from industry experts along with each industry manufacturers by the market valuation. Logistics Services (3PL & 4PL) report also gives extensive analysis of market share, latest industry trends and forecast data analysis with respect to sales revenue, market growth, and demand and supply scenario.

Conclusively, the Logistics Services (3PL & 4PL) Market report provides major statistics on the state of the industry also it is considered as an essential source of guidance and direction for businesses and individuals involved in the market.

About the author

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Tim Coleman

With thorough interest in media and technology, I write about everything tech. Over the past 8 years, I have written numerous articles and research papers about international trade and consumer media. I also write opinion pieces about video games, internet, and evolving technology. My engineering degree in the field of information systems also helped a great deal in strengthening my interest and knowledge in the field of technology.

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