Logistics Services (3pl 4pl) Market 2019: Potential growth, attractive valuation make it is a long-term investment
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Logistics Services (3pl 4pl) market Exploration based on Following Top Business Players:
The key players of the Logistics Services (3pl 4pl) market are, DHL (Germany), Nippon Express (Japan), DSV (Denmark), Kuehne & Nagel (Switzerland), DB Schenker logistics (Germany) , Sinotrans (China), CH Robinson Worldwide (USA), CEVA Logistics (Switzerland), UPS Supply Chain Solutions (USA), Panalpina (Switzerland), and Hitachi Transport System (Japan), amongst others. The major players are opting for strategies such as mergers and acquisitions in order to make a presence in different regions.
The Global Logistics Services (3pl 4pl) market was valued at US$ xx million in the year 2018 and is expected to reach US$ xx million by the year 2023, growing at a CAGR of approximately 2.1%. The growth of the Logistics Services (3pl 4pl) market has been driven by the ongoing trend of outsourcing logistics functions, as companies are focusing more on their core activities rather than focusing on logistics. Moreover, the growing emergence of e-commerce warehousing and distribution is also propelling the growth of the market. However, reliability issues and less control over inventory are expected to impede the growth of the market.
On the basis of the type of services, the Global Logistics Service Market is categorized as transportation, warehousing, value-added services, and other services. The value-added service segment accounts for the largest share in the market, owing to the increasing focus on a particular industry and offering value-added services as per the need of that industry vertical and customer.
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The Logistics Service Market is categorized by application as consumer goods, food & beverages, healthcare, automotive, industrial, and others. The growth of the e-commerce sector is driving the consumer goods segment to hold the highest share.
Regional Analysis of Logistics Services (3pl 4pl) Market:
Geographically, Asia Pacific is holding the largest share in the Logistics Services (3pl 4pl) market due to the ongoing trend of outsourcing Logistics Services (3pl 4pl) in this region. Europe and North America are also holding a significant share due to the presence of 3PL and 4PL service providers in this region. The growth of e-commerce is the key factor behind the growth of Logistics Services (3pl 4pl) market in Europe and North America.
Table of Content:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Logistics Services (3pl 4pl) Market Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
Chapter 3 Market Dynamics
3.1 Logistics Services (3pl 4pl) MarketOverview
3.2 Logistics Services (3pl 4pl) Market Drivers
3.2.1 Ongoing trend on the outsourcing logistics function
3.2.2 Advantages of focusing on the core business activity of a company
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