Global “Logistics Services (3PL & 4PL) Market” Provides analysis and information according to market segments such as geography, technology classification and applications. Logistics Services (3PL & 4PL) market report focuses on global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc. Industry chain, manufacturing process, cost structure, marketing channel are also analyzed in this Logistics Services (3PL & 4PL) Market report.
Final Report will add the analysis of the impact of COVID-19 on this Logistics Services (3PL & 4PL) industry.
Short Description About Logistics Services (3PL & 4PL) Market :
The 3PLs of today can provide a much broader range of services than they used to. It used to be that their primary focus was on warehousing and shipping, so if you sent them your product they would store it and ship it for you. Now, 3PLs can handle almost your entire business. This includes not only the complete supply chain cycle, but also such functions as customer service, order management, sales support, ecommerce and IT integration. In fact, there are very few aspects of your business that a 3PL can’t take care of for you and in many cases, they have technology and resources that you may not, so you get the benefit of top-tier tech without the investment.A 4PL is an independent, singularly accountable, non-asset based integrator of clients’ supply and demand chains. The 4PL’s role is to implement and manage a value creating business solution through control of time and place utilities and influence on form and possession utilities within the client organization. Performance and success of the 4PL’s intervention is measured as a function of value creation within the client organization.
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The research covers the current Logistics Services (3PL & 4PL) market size of the market and its growth rates based on 5-year records with company outline of Key players/manufacturers:
Scope of the Logistics Services (3PL & 4PL) Market Report:
The logistics market is large, fragmented and populated by a wide range of differing companies. There are multinational companies offering a comprehensive range of logistics services leading the industry, down to smaller national freight forwarders, offering simple logistics services. The market has been driven by consolidation over the last 20 years, with customers seeking fewer, larger providers that are able to manage complex supply chains on a global basis. Market growth has been driven by both increased economic activity and the continued trend in outsourcing of logistics activities to third-parties, both new outsourcers and companies outsourcing more activities to third-parties. The largest region in terms of outsourced logistics market size is Asia Pacific, followed by Europe and North America, with the Asia Pacific region having experienced faster growth in logistics market value than other regions. Outsourcing penetration is highest in Europe, but levels are increasing quickly in Asia Pacific. Key Trends The trend of outsourcing business processes and supply chain activities continues to be a driver of logistics company revenues and hence market growth. The growth of e-commerce is also creating an environment where supply chains are adapting to new models. Ecommerce is driving further logistics outsourcing to third-party supply chain specialists. Dedicated e-commerce warehousing and distribution contracts are increasingly being awarded to logistics providers. A key trend in the global logistics industry is the provision of value-added services and bespoke solutions. Logistics providers are increasing their focus on specific industry sectors such as high-technology, automotive and pharmaceuticals, and offering additional value-added services that make their services more relevant for client needs. New technologies are finding their way into logistics services in order to improve productivity and enhance service. New logistics technologies being developed include vehicle management software, self-driving vehicles, robotics, internet of things applications and augmented reality. The largest logistics providers are characterized by differing service lines, asset ownership models, geographical scope and types of customers they serve. The top three groups are all based in Europe: DHL is the largest provider globally, followed by Kuehne & Nagel and DB Schenker Logistics. All three have grown slower than the market in recent years as they have consolidated the major acquisitions made in the past. Most, but not all, of the leading logistics providers operate on a global scale, covering more than one continent. Some have a signific presence in all regions (ie Europe, Americas, Asia Pacific and Middle East / Africa). There has been significant mergers and acquisitions activity in the global logistics industry. The worldwide market for Logistics Services (3PL & 4PL) is expected to grow at a CAGR of roughly 1.9% over the next five years, will reach 880 million US$ in 2024, from 790 million US$ in 2019, according to a new Research study.
This report focuses on the Logistics Services (3PL & 4PL) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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Report further studies the market development status and future Logistics Services (3PL & 4PL) Market trend across the world. Also, it splits Logistics Services (3PL & 4PL) market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects.
Major Classifications are as follows:
Major Applications are as follows:
The Logistics Services (3PL & 4PL) Market Report Provides Answers to the following Key Questions:
- What will be the Logistics Services (3PL & 4PL) market size and the growth rate in 2024?
- What are the main key factors driving the global Logistics Services (3PL & 4PL) market?
- What are the key market trends impacting the growth of the global Logistics Services (3PL & 4PL) market?
- Which Trending factors influencing the market shares of the top regions across the globe?
- Who are the key market players and what are their strategies in the global Logistics Services (3PL & 4PL) market?
- What are the market opportunities and threats faced by the vendors in the global Logistics Services (3PL & 4PL) market?
- What industrial trends, drivers and challenges are manipulating its growth?
- What are the key outcomes of the five forces analysis of the global Logistics Services (3PL & 4PL) market?
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