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.
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.
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Asia-Pacific was the
leading geographic market and it is anticipated to be the highest revenue
contributor throughout the forecast period. The huge population, growing
disposable incomes, rising domestic consumption and lower costs are some of the
factors attributing to the growth of e-commerce sector in countries like China,
India, Taiwan, Japan and South Korea, which is further expected to fuel fourth
party logistics market in this region.
Top Dominating Key Players:
- Allyn International
- UPS 4PL Services
- Accenture 4PL Services
- 4PL Insights LLC
- XPO Logistics
- Deloitte
- 4PL Group
- Logistics Plus 4PL
- GEODIS
- Global4PL
Adoptions of Solution Integrator Model
The solution integrator model is known as the core 4PL model. In
the solution integrator model, the 4PL providers is engaged in operating and
managing a comprehensive end-to-end supply chain solution for a single client.
This business model for 4PL leverages the resources, technology, and
capabilities of 4PL and complementary service providers for provisioning a
comprehensive supply chain solution to deliver value to their customers. Largely,
all B2B businesses focus on the solution integrator model for optimizing their
supply chains and ensuring the best customer service. Food & beverage, and
retail sector customers prefer this type of business relationship with their
4PL service providers. The solution is supposed to grow at the fastest pace
during the forecast period in the fourth party logistics market.
Retail and consumer electronics sector moving towards
provisioning dynamic logistics
The high-tech consumer electronics and the medical equipment
markets today are highly driven by diverse consumer demands coupled with
customization features. Strategies such as build-to-order and postponement are
often deployed for selling products from the high-tech electronic verticals by
many retailers, websites, resellers etc. In many scenarios faced by consumer
goods and retail sectors, a customer orders large volumes of products that
might be sourced at different locations. These diverse products need to be
assembled first, and then need to be shipped to the consumer at the earliest
possible timelines. Fulfillment of such demands requires the deployment of a
highly sophisticated and Omni-channel supply chain approach by the logistics
service provider. This factor is anticipated to provide huge opportunities to
the players operating in the fourth party logistics market.
Segment by Type Insights
The global fourth party logistics market by type was led by
solution integrator model segment. The other type of fourth party logistics
model include Synergy Plus Operating Model and Industry Innovator Model. The
industry innovator model comprises of highest complexity and therefore incurs
higher costs to the customers, leading to its slow growth over the forecast
period in the fourth party logistics market.
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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
