Rapid Growth of Global Fourth Party Logistics Market by 2027: Top Players like United Parcel Service,Damco, DB Schenker, Deutsche Post ag, Geodis and XPO Logistics

Global Fourth Party Logistics Market Overview
Logistics is the management of acquiring, storing, and transporting of resources to its destination. Fourth logistics is the most innovative concept of outsourcing and it has been gaining popularity since past few years. Fourth party logistics offers various services such as inbound raw material supply, dynamic logistics, demand driven logistics, and global orchestrator. Main functions of fourth party logistics are procurement, storage, and distribution. Reduction in overall operating cost, improved customer services, and more flexibility are some advantages of fourth party logistics. The fourth party logistics market experiencing high demand in this forecast period on account of adoption of better and advanced solutions.

The global Fourth Party Logistics Market accounted to US$ 55.06 Billion in 2018 and is expected to grow at a CAGR of 5.6% during the forecast period 2019 - 2027, to account to US$ 84.17 Billion by 2027.

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Rise in complexities in operation processes and increase in demand for customized solutions is expected to boost the fourth party logistics market growth, in near future. In other hand, rapid globalization, tough scenarios for retailers, and other distributors come into existence, and thereby, use of value added supply chain services among retail industries is expected to propel the growth of fourth party logistics market. Increase in domestic consumption, growing disposable income, and huge population are some of the driving factors attributing to the growth of fourth party logistics , which is further expected to grow the fourth party logistics market, in near future. However, reluctance of companies to outsource logistics is the restraining factor for market, which is expected to hinder the growth of fourth party logistics market. Many Companies refuses to embrace this concept due to fear.

Major Key Players Operated in Global Fourth Party Logistics Market

o Allyn International Services, Inc.
o CEVA Logistics AG
o DAMCO
o DB Schenker
o Deutsche Post AG
o GEFCO Group
o GEODIS
o LOGISTICS PLUS Inc.
o United Parcel Service
o XPO Logistics Inc.
o 4PL Group

This report exclusively compiles all the fundamental dynamics that sheds light on the Fourth Party Logistics Market for a comprehensive view of the market. Market potentials, as well as pitfalls, are discussed at length along with essential macro and micro-economic trends, which can affect the market growth. Prevalent market trends and factors that are likely to provide opportunities to the market have also been taken into consideration while making projections. Forecasts pertaining to the overall market size, CAGR, regional market size have been provided in the report. Historical data analysis provided in the report helps in determining the future trajectory of the market. All the activities in the market are analyzed thoroughly to develop the core of the report.

Regional Description

The Fourth Party Logistics Market report's pivotal part also includes the regional description that provides a complete analysis of its growth at a global level. The study on the basis of region aims at assessing the market size and the potential to proliferate during its growth period. The number of critical regions for which the Fourth Party Logistics Market analysis is done in North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. These are the top-grossing regions that have observed the maximum development in every aspect of technology, population, businesses, industry, and more. Therefore, the result of the Fourth Party Logistics Market region-wise portrays the outlook with the latest trends, opportunities, and future aspects in the given assessment period of 2027.

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