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(USGovernment-News.Com, May 03, 2019 ) The global 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.
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.
Fourth Party Logistics Market - Company Profiles Allyn International Services, Inc. CEVA Logistics AG DAMCO DB Schenker Deutsche Post AG GEFCO Group GEODIS LOGISTICS PLUS Inc. UPS Supply Chain Solutions (United Parcel Service, Inc.) XPO Logistics Inc.
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.
GLOBAL FOURTH PARTY LOGISTICS - MARKET SEGMENTATION
Fourth Party Logistics Market - By Type Synergy Plus Operating Model Solution Integrator Model Industry Innovator Model
Fourth Party Logistics Market - By End-User Automotive Healthcare Food and Beverage Consumer Electronics Aerospace and Defense Retail Industrial Others
Fourth Party Logistics Market - By Geography North America U.S. Canada Mexico Europe France Germany Italy Spain UK Rest of Europe Asia Pacific (APAC) Australia Taiwan China India Japan Rest of Asia Pacific Middle East and Africa (MEA) Saudi Arabia UAE South Africa Rest of Middle East and Africa South America (SAM) Brazil Argentina Rest of SAM
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