Fourth Party Logistics Market Foreseen to Grow Exponentially by 2027 - Leading By GEFCO Group, Deutsche Post AG, CEVA Logistics AG, Allyn International Services and XPO Logistics

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Fourth Party Logistics Market accounted to US$ 54.06 Bn in 2018 and is expected to grow at a CAGR of 5.2% during the forecast period 2019 - 2027, to account to US$ 84.17 Bn by 2027.

Worldwide Fourth Party Logistics Market Analysis to 2027 is a specialized and in-depth study of the Fourth Party Logistics Industry with a focus on the global market trend. The report aims to provide an overview of global Fourth Party Logistics Market with detailed market segmentation by product/application and geography. The global Fourth Party Logistics Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the Fourth Party Logistics players and offers key trends and opportunities in the market.

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Top Dominating Key Players:

1. Allyn International
2. UPS 4PL Services
3. Accenture 4PL Services
4. 4PL Insights LLC
5. XPO Logistics
6. Deloitte
7. 4PL Group
8. Logistics Plus 4PL
9. GEODIS
10. Global4PL

It has been observed that regional demographics have also played a crucial role in the growth of the 4PL services market. As an example, the 4PL adoptions is observed by the retail sector, which in-turn has propelled due to the advent of e-commerce. As APAC region boasts of more than one-third of the global population, the market attractiveness for e-commerce industry is very high in the region.

Further, developing economies and rising disposable incomes with individuals have accentuated further the growth in e-commerce activities. Rising demand diversities on account of diverse demographics observed in the region contributes to the supply chain complexities, thus requiring the needs for 4PL services to be deployed by the shipping companies.

Asia-Pacific has become a global manufacturing hub with the presence of diverse manufacturing industries. Further, the governments of these countries are making developments to improve investment scenario. The governments are providing tax-rebates, funds, subsidies and other such support to attract the manufacturing companies to set-up plants in their respective countries. Further, several governments have taken initiatives such as Made in China 2025, and Make in India, among others to flourish the growth of manufacturing and other high-tech industries. APAC region boasts of more than one-third of the global population, the market attractiveness for e-commerce industry is very high in the region.

Asia is home for nearly 3.5 Bn people, and presently, GDP per capita is 6,799 USD which is expected to grow. There are pleasant e-commerce markets within Asian countries such as China, Japan, and India. Also, count of users using online websites for shopping is projected to increase by 2021. This represents 53% of the total population. Such growing internet of users towards e-commerce sector for fashion, electronics, and other products would help the industry to contribute high portion in GDP.

The report segments the global fourth party logistics market as follows:

Global Fourth Party Logistics Market - By Type

• Synergy Plus Operating Model
• Solution Integrator Model
• Industry Innovator Model

Global Fourth Party Logistics Market - By End-User

• Automotive
• Healthcare
• Food and Beverage
• Consumer Electronics
• Aerospace and Defense
• Retail
• Industrial
• Others

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What our report offers:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Fourth Party Logistics Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Fourth Party Logistics, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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This release was published on openPR.