Streamlining Supply Chains: Fourth Party Logistics (4PL) Market Dynamics Forecast, 2021-2031

Allied Market Research published a report, titled, "Fourth Party Logistics Market by Type (Industry Innovator Model, Solution Integrator Model, Synergy Plus Operating Model), by End User (Aerospace & Defense, Automotive, Consumer Electronics, Food & Beverages, Industrial, Retail, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to the report, the global fourth party logistics industry generated $57.9 billion in 2021, and is anticipated to generate $111.7 billion by 2031, witnessing a CAGR of 6.7% from 2022 to 2031.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/3120

The solution integrator model segment to maintain its leadership status throughout the forecast period

Based on type, the solution integrator model segment held the highest market share in 2021, accounting for around three-fourths of the global fourth party logistics market, and is estimated to maintain its leadership status throughout the forecast period. Increased customer loyalty and open opportunities such as up-selling and cross-selling of the component products or services are expected to fuel the adoption of the solution integrator model in businesses. However, the industry innovator model segment is projected to manifest the highest CAGR of 11.2% from 2022 to 2031. Rapid industrialization and digitalization have increased the demand and adoption of the industry innovator model, which drives the segment.

The retail segment to maintain its lead position during the forecast period

Based on end user, the retail segment accounted for the largest share in 2021, contributing to nearly one-fifths of the global fourth party logistics market. However, consumer electronics is projected to maintain its lead position during the forecast period. Moreover, the same segment is expected to portray the largest CAGR of 10.0% from 2022 to 2031 This is attributed to rise in popularity of technologically advanced devices, changing lifestyle of the population, and increasing per capita income. Furthermore, continuous investments by market players in R&D for the development of new consumer electronic products with enhanced features fueled the industry growth of consumer electronics.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/fourth-party-logistics-market/purchase-options

Asia-Pacific to maintain its dominance by 2031

Based on region, Asia-Pacific, followed by Europe & North America, held the highest market share in terms of revenue in 2021, accounting for more than two-fifths of the global fourth party logistics market. This is attributed to the booming e-commerce industry in emerging economies. In addition, increased adoption of outsourced logistics services in the region is driving the growth of the 4PL logistics market in Asia-Pacific. However, Europe is expected to witness the fastest CAGR of 8.4% from 2022 to 2031. This is due to the growth of e-commerce, retail sector, and manufacturing sector coupled with the digitalization of infrastructures in the European countries.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

4PL Group
4PL Insights
Allyn International Services, Inc.
C.H Robinson Worldwide, Ltd.
CEVA Logistics
DAMCO
DB Schenker
Deloitte
Deutsche Post AG
GEFCO Group
Global4PL Supply Chain Services
Logistics Plus Inc.
Panalpina World Transport
United Parcel Service, Inc.
XPO Logistics, Inc.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/3120

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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