A report on ‘ Logistics Services (3PL & 4PL) market’ Added by Market Study Report, LLC, provides a succinct analysis regarding the values and trends existing in the current business scenario. The study also offers a brief summary of market valuation, market size, regional outlook and profit estimations of the industry. Furthermore, the report examines the competitive sphere and growth strategies of leading players in the Logistics Services (3PL & 4PL) market.
Global Logistics Services (3PL & 4PL) market size will increase to 910 Million US$ by 2025, from 790 Million US$ in 2018, at a CAGR of 1.8% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Logistics Services (3PL & 4PL).
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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.
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.
What pointers are covered in the Logistics Services (3PL & 4PL) market research study?
The Logistics Services (3PL & 4PL) market report | Elucidated with regards to the regional landscape of the industry:
- The geographical reach of the Logistics Services (3PL & 4PL) market has been meticulously segmented into United States, China, Europe, Japan, Southeast Asia & India, according to the report.
- The research enumerates the consumption market share of every region in minute detail, in conjunction with the production market share and revenue.
- Also, the report is inclusive of the growth rate that each region is projected to register over the estimated period.
The Logistics Services (3PL & 4PL) market report | Elucidated with regards to the competitive landscape of the industry:
- The competitive expanse of this business has been flawlessly categorized into companies such as DHL Supply Chain & Global Forwarding, Kuehne + Nagel, DB Schenker Logistics, Nippon Express, C.H. Robinson Worldwide, UPS Supply Chain Solutions, DSV, Sinotrans, CEVA Logistics, Expeditors International of Washington, Dachser, Panalpina, GEODIS, Toll Holdings, J.B. Hunt (JBI, DCS & ICS), Hitachi Transport System, XPO Logistics, GEFCO, Yusen Logistics and Agility, as per the Logistics Services (3PL & 4PL) market research report.
- Exclusive details pertaining to the contribution that every firm has made to the industry have been outlined in the study. Not to mention, a brief gist of the company description has been provided as well.
- Substantial information subject to the production patterns of each firm and the area that is catered to, has been elucidated.
- The valuation that each company holds, in tandem with the description as well as substantial specifications of the manufactured products have been enumerated in the study as well.
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The Logistics Services (3PL & 4PL) market report | Elucidated with regards to some other pointers that would prove vital for stakeholders:
- The Logistics Services (3PL & 4PL) market research report includes the product expanse of the Logistics Services (3PL & 4PL) market, segmented extensively into Transportation, Warehousing, Value-added Services, Lead Logistics Provider Services/4PL and Other.
- The market share which each product type holds in the Logistics Services (3PL & 4PL) market along with the growth rate that the product is anticipated to register over the forecast time duration have been provided.
- The revenue of each product in question, by the end of the anticipated period in consort with the price patterns of the product have been elucidated in the report.
- The study categorizes, in meticulous aspects, the application scope of the Logistics Services (3PL & 4PL) market into Consumer Goods, Healthcare, Industrial, Elements, Food, Groceries, Automotive, Technological, Retailing and Other.
- The report encompasses the market share that every application will be accountable for in the Logistics Services (3PL & 4PL) market, in addition to the growth rate which each application segment will plausibly record over the projected timeline.
- The valuation that the applications will hold by the end of the expected duration has also been outlined in the study.
The Logistics Services (3PL & 4PL) market research study conscientiously mentions a separate section that enumerates details with regards to major parameters like the price fads of key raw material and industrial chain analysis, not to mention, details about the suppliers of the raw material. That said, it is pivotal to mention that the Logistics Services (3PL & 4PL) market report also expounds an analysis of the industry distribution chain, further advancing on aspects such as important distributors and the customer pool.
Some of the Major Highlights of TOC covers:
Chapter 1: Methodology & Scope
Definition and forecast parameters
Methodology and forecast parameters
Chapter 2: Executive Summary
Chapter 3: Logistics Services (3PL & 4PL) Industry Insights
Technological and innovation landscape
Chapter 4: Logistics Services (3PL & 4PL) Market, By Region
Chapter 5: Company Profile
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