Fourth Party Logistics Market Size, Outlook, Prominent Players, Growth, Revenue and Forecast 2031

The global fourth-party logistics market revenue was around US$ 58 billion in 2021 and is estimated to reach US$ 112 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.7% during the forecast period from 2022 to 2031.

Fourth-party logistics, or 4PL, is a business model where the owner outsources the management of the company's supply chain and logistics to an outside service provider. On behalf of the company, this provider is in charge of evaluating, designing, planning, constructing, operating, and even tracking an integrated, comprehensive supply chain solution. Additionally known as lead logistics providers. The external provider may partner with a warehouse company or establish his warehouse. Fourth-party logistics, then, represents for the client a greater level of supply chain management.

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Factors Influencing Market Growth

Rising demand for a simple and efficient supply chain system and rising operational complexity drive the growth of the fourth-party logistics market.

Increased demand for customized solutions is a factor anticipated to fuel market expansion.

Consumer electronics demand growth and e-commerce industry expansion are two aspects that are projected to fuel market expansion.

The market's expansion is expected to be hampered by factors like companies' reluctance to outsource the logistics function and changes in the laws governing logistics in various nations.

Study of the COVID-19 Pandemic

The COVID-19 pandemic creates uncertainty in the fourth-party logistic market. The absolute lockdown and temporary shutdown of industry proclaimed by the governments of several regions had a negative impact on overall production and sales. While the effects of the coronavirus pandemic vary between the air, freight, and maritime sectors, they all have an impact on crucial supply chains in the logistics and transportation business. Additionally, the COVID-19 pandemic immediately impacted logistics companies, which are involved in the flow, storage, and transfer of commodities. Logistics companies support trade & commerce and assist companies in getting their products to clients as an essential component of value chains both domestically and beyond international borders.

Regional Insights

Asia Pacific region has the largest industry shares in the fourth-party logistics market in 2021. This enormous market share can be due to emerging countries' increased e-commerce adoption. The growing nations like India, South Korea, Japan, and China are principally responsible for the expansion of the industrial sector. The region's top service providers include Nippon Express, APL Logistics, and Yusen Logistics. Thus, the market is projected to increase due to the rising demand for a fourth-party supply chain from various e-commerce players.

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Leading Competitors

The leading competitors in the global fourth party logistics market are:

4PL Group
4PL Insights
Allyn International Services
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
Others

Segmentation Analysis

The global fourth party logistics market segmentation focuses on Type, End User and Region.

Segmentation based on Type
Industry Innovator Model
Solution Integrator Model
Synergy Plus Operating Model
Segmentation based on End User
Aerospace & Defense
Automotive
Consumer Electronics
Food & Beverages
Industrial
Retail
Healthcare
Others

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Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America

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This release was published on openPR.